Adidas said it was a “difficult decision” as the company seeks to change its operating model.
The severance package, capped at 26 weeks of base salary, is reportedly lower than competitors like Microsoft and Salesforce
As the company aims to reprioritise its capital expenditure, job cuts are approximately costing the company $2.8 billion
Tata Motors Passenger Vehicles’ British vehicle arm JLR announces phased layoffs covering close to 10% of its global workforce
Oracle is reportedly planning a new round of job cuts, potentially affecting up to 3,000 employees in India as it shifts spending priorities
As John Sams steps in as the new CEO of KPMG’s Australia unit, rebuilding investor confidence will be one of the biggest challenges facing the consulting giant
The tech giant's US sales and marketing division, Samsung Electronics America (SEA), is reducing its New Jersey workforce by 739 jobs as it relocates its headquarters to Texas
Tata Consultancy Services deepens 20-year bond with Swiss major ABB with new AI network deal in a season of regular IT layoffs in India
New Xbox CEO Asha Sharma orders biggest-ever restructure weeks after fan giveaway, confirms studios working on ‘Hellblade: Senua’ titles and others to move to new ownership to continue these projects
This comes as thousands of employees at Meta woke up to layoffs on Wednesday, with the latest round affecting 8,000 people across the world
Oracle has reportedly revoked campus placement offers made to students from several IITs and NITs, triggering concern among fresh graduates affected by the ‘one student, one job’ policy
Cognizant is reportedly considering large-scale layoffs that could impact thousands of employees, particularly in India, amid restructuring under Project Leap
The Avengers of concept art may have just got snapped, and India's IT crowd knows exactly how it feels
Multiple reports recount early morning termination emails as Oracle’s AI bet comes with human cost
Cash crunch deepens at Oracle's AI bet turns painful, as per Bloomberg report
Amazon has announced a second major round of layoffs in three months, cutting 16,000 jobs globally as part of post-pandemic restructuring and increased use of AI tools
This comes after weeks of speculation over reports of studio closures and layoffs at the brand behind the 'Assassin's Creed', 'Prince of Persia', and 'Just Dance' franchises
US tech giant HP became the latest to announce sweeping job cuts as it looks to trim 12–15% of its workforce in coming years
Amazon had about 1.56 million full-time and part-time employees by the end of 2024, with a corporate workforce of roughly 350,000 employees
This comes amid Meta's decision on Wednesday to let go of roughly 600 employees from its 'bloated' AI team
From online RMG giant to India’s fastest-growing short video platform, Zupee has come a long way
Around 15% of Amazon’s HR division, the team responsible for hiring and firing, are reportedly facing layoffs.
The company is also offering career assistance via outplacement services, which it will fund for 3 months (or more in the case of younger employees being let go)
Ananya Joshi, a 2024 Biotechnology graduate from Northwestern University, is in the spotlight after her emotional video, leaving the US went viral.
This comes amid a larger IT job security crisis worldwide, with tech giants like Microsoft and Accenture trimming their workforces in favour of restructuring and AI integration
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