
Polygon Labs lays off 20% staff; Mckinsey to slash 2,000 jobs
The development comes a month after the crypto firm announced corporate restructuring in January this year.
The development comes a month after the crypto firm announced corporate restructuring in January this year.
Dell's market conditions reportedly continue amid volatile market scenario and the decision to cut workforce is taken to boost efficiency.
The two companies plan to sack thousands of employees as a cost-cutting measure owing to the dwindling macroeconomic trends.
Dawn Ostroff, the company’s chief content and advertising officer, has also decided to part ways with the music-streaming giant.
Zomato CEO Deepinder Goyal says the food ordering company has about 800 job positions open across five roles.
On Wednesday, the Tiger Global-backed edtech unicorn sacked as many as 385 employees or 11.6% of its workforce across human resources, learning and content segments.
The layoffs will be across the company’s North America beverage business, as well as snacks and packaged foods business in New York, Chicago, and Plano, Texas.
A week earlier, the government had summoned the ecommerce giant, which has as many as one lakh employees in India, for discussion regarding layoffs and subsequent layoffs.
In a letter sent to restaurant partners, the e-commerce firm said that the food delivery services will discontinue from December 29, as part of the company’s annual operating planning review process.
This will be the second job cut by the company since 2020. In May 2020, the company had laid off 520 employees, or 13% of its workforce.