
Crypto firm CoinDCX sacks 12% workforce
The company has cited "dwindling macroeconomic conditions coupled with higher TDS on domestic exchanges" as the reasons behind this decision.
The company has cited "dwindling macroeconomic conditions coupled with higher TDS on domestic exchanges" as the reasons behind this decision.
The development comes at the heels of several big technology companies as well as startups, globally, resorting to brutal layoffs amidst funding winter and dwindling macroeconomic situations.
The development comes a day after reports that said global tech giants Amazon and Meta have again resorted to layoffs
Google cut its total workforce by about 12,000 in January, about 6% of its total workforce, of which 450 employees were affected in India
According to the company’s SEC (Securities and Exchange Commission) filing, Accenture had approximately 7,38,000 workforce as of February 28, 2023.
Amazon CEO Andy Jassy, in an email to employees, says it was a “difficult decision”, but it is best for the company long-term.
Zoom's chief executive officer (CEO) Eric Yuan has announced to take a 98% salary cut for the current fiscal year.
Dell's market conditions reportedly continue amid volatile market scenario and the decision to cut workforce is taken to boost efficiency.
The Information reported that the search giant is planning to lay off as many as 10,000 employees.
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.