Major Companies Firing Employees: What You Need To Know
Since the beginning of 2024, major companies have been announcing large-scale layoffs. These layoffs have been caused by economic downturns, company restructuring, mergers, shifts in business strategies, etc. Tata Steel UK Layoffs Tata Steel UK, a subsidiary of Tata Group, is firing around 2,500 employees. The CEO, T V Narendran, said, “The loss of the…
Vikas
IBM Plans To Replace 7,800 Jobs; Company Pauses Hiring
International Business Machines Corp (IBM) decides to pause the hiring process and deploy artificial intelligence to take over 7,800 jobs in the company. The decision is taken amidst the increasing adoption of technology. In an interview, Arvind Krishna, the CEO, confirmed the halt in the hiring process. Krishna said, “I could easily see 30% of…
Sumit
Microsoft & Amazon To Cut-Off Combined 25,000 Jobs
On Wednesday, Microsoft (a tech giant) announced the layoffs of its 10,000 employees which covers 5% of its workforce. This decision of Microsoft comes after the fresh round of Amazon’s layoffs which includes 18,000 job cuts. After the pandemic, the tech industry went through difficult times that resulted in massive layoffs in companies like Meta,…
SHAHID MUSHTAQ
Byju’s To Fire 2000+ Employees For Increasing Profits
Popular Edtech firm Byju’s will be freeing off 2500 employees. We recently heard about the case of moonlighting in Wipro. Along with that, TCS(Tata Consultancy Services) also came up with the sacking of employees. After successfully running for almost a decade, India’s most popular Edtech decided to rebuild itself. Aiming for global recognition and exceptional…