Unacademy Lays Off 380 More Employees In Latest Job Cuts
It’s been a while since stress was first seen in the Indian ed-tech sector, but the pain for some comapnies doesn’t seem to…
Tag: layoffs
These 14 Global Tech Companies Have Laid Off Employees In The Last Few Months
The pandemic years might’ve been a grim period for most of the world, but tech companies weren’t complaining — tech stocks were soaring…
ScoopWhoop Reportedly Shuts Down News Division, Fires 10-15 Employees
After a heady couple of years during which digital media startups were raising large sums of money and rapidly expanding operations, the sector…
In India’s Biggest Corporate Layoff, L&T Group Fires 14,000 Employees
Construction and technology giant Larsen and Toubro (L&T) has laid off almost 14,000 employees over the course of last 3 months across its…
IBM To Reportedly Sack Over 1,00,000 Employees In The Biggest Corporate Layoffs Ever
In what could possibly be the biggest lay offs in the corporate history, IBM is reportedly planning to axe more than a jobs across the board.
Foodpanda Fires 300 Employees
The layoffs in India’s food tech sector are well on their way to continuing onto 2016. After Zomato had fired 10% of its workforce, and TinyOwl had let go of 100 employees which resulted in its cofounder being held hostage in their Pune office for 2 days, Foodpanda has fired around 300 of its staff in India. This represents 10% of its workforce.
More Firings In The Indian Startup Scene, This Time It’s Grabhouse
The firing season for Indian startups is not quite over. After the flurry of layoffs last month when Zomato, TinyOwl and Helpchat had fired employees, there had been a lull in the bad news coming in from India’s startup space. Not any more.
It has been reported that realty startup Grabhouse has fired an undisclosed number of workers. These layoffs are chiefly in the operations and data collection teams.
Hyperlocal Services Provider LocalOye Lays Off 60 Employees
In a continuation of the winter wave of startups layoffs, Bangalore based hyperlocal services provider LocalOye has laid off 60 employees.
In Layoffs And Retrenchments, There Is More Than Meets The Eye
Although there is huge outrage of start-ups retrenching employees, actual facts and figures behind these lays offs and shutdowns are not what meets the eye. Dearth of investments may not be the identified cause. Yes, the cheque sizes or amounts being invested in start-ups may be declining but the overall funding story is quite different.