Vedantu sacks 385 employees as tech layoffs continue
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.
layoffs
December 2022
November 2022
Startup funding declines 35% YoY to $24.7 bn in 2022
The number of funding rounds has dropped by 30% to 1,841 so far this year from 2,647 seen in the Jan-Nov period last year, according to a report by Tracxn
PepsiCo to fire hundreds of employees in North America: Report
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.
Govt may launch probe against Amazon India amid layoffs, resignations
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.
After edtech, Amazon to close food delivery business in India
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.
Labour ministry summons Amazon over layoffs in India
The development comes at the heels of mass layoffs announced by the ecommerce giant last week. The company has 1,00,000 employees in India.
HP to lay off 4,000-6,000 employees over next 3 years
Several Big Tech companies have resorted to layoffs amid fears of a global recession.
Google may lay off as many as 10,000 employees: Report
The Information reported that the search giant is planning to lay off as many as 10,000 employees.
Elon Musk-led Twitter plans more layoffs
More firings at Twitter are expected after Musk gave a clear ultimatum to remaining employees, saying those interested in working must go hardcore or quit.
Zomato sacks 3% of its staff amid tech layoffs
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.
