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Tag: Layoffs

US-based software company – Hyland Software will layoffs around 1,000 employees

The flood of layoffs appears to have no stop. Hyland Software, a US-based software company with a location in Kolkata, is the newest company to join the wave of layoffs.

About 1,000 employees will be laid off, or about 20 percent of the company’s workforce. Hyland’s registered office is located at Rajarhat’s DLF IT Park.

William Priemer, president and chief executive officer of Hyland, identified organizational reorganization as the cause. According to him, they are reducing management layers, changing team sizes, and redistributing duties among various levels and departments.

McDonald’s temporarily closes US offices and plans new layoffs

This week, one of the biggest fast food businesses in the world, McDonald’s, temporarily closed all of its US offices and instructed staff to work remotely.

According to the report, the business is getting ready to inform its corporate staff about the upcoming round of layoffs at this time.

As part of its new business plan, the fast food chain corporation announced in January that it would reassess the level of corporate employment. This might result in expansion in certain places while causing layoffs in others. On Wednesday, it’s anticipated that the layoffs will be disclosed.

National Public Radio layoffs 100 employees and cancels 4 podcasts

Mass layoffs are carried out by the nonprofit media organisation National Public Radio (NPR), based in Washington, which results in the cancellation of numerous podcasts.

NPR acknowledged on Thursday that it had layoff 10% of its workforce or about 100 employees and that it often rolls back its workforce from 1,200 to around 1,050.

According to NPR, the majority of the impacted employees will continue in their positions through April 28.

Amazon is laying off an additional 9,000 employees in the second round

Adding to the 9,000 layoffs already announced by Amazon.com Inc., this is the company’s largest round of layoffs ever.

Following the completion of the second phase of its operating plan, Amazon has chosen to fire another 9,000 employees. The business has made the decision to let 18,000 employees go in January. The massive e-commerce company has now cut 27,000 jobs in total. The company’s largest layoff has ever occurred.

The changes, which would mostly impact the Twitch live streaming service business, Amazon Web Services, human resources, and advertising units, were announced internally on Monday by CEO Andy Jassy.

Livspace to lay off around 2% of its total workforce

Livspace layoffs: Livspace, an omnichannel platform for home interior design and remodelling, has layoffs around 2% of its total personnel in an effort to become profitable by the fiscal year that ends in March 2024.

ET stated that 45% of its technology and product teams have been retrenched. 36 people from a team of 80, including software engineers and directors, have been asked to leave the company, these sources said.

The impacted employees will receive their severance payments, according to numerous media reports.

The second round of layoffs by Livspace was this one. Previous to this, it let go of approximately 450 employees during the initial Covid-19 outbreak.

Wipro layoffs 120 employees in Florida due to a “realignment of business needs”

120 Wipro employees in Tampa, Florida, have been layoffs due to a lack of work, according to the company.

In order to realign business needs, Wipro has reduced its headcount in Tampa. The rest of Wipro’s Tampa area employees remain unaffected.”

Dukaan Layoffs: SaaS platform for online stores Dukaan layoffs nearly 30% of its workforce

Dukaan, a SaaS platform for online stores, layoffs nearly 30 percent of its workforce, or around 60 employees. This is the company’s second layoff in about six months.

Employees on the sales team and in accounts were affected by the most recent layoffs, according to Inc42. The retail technology platform “changed its focus to helping D2C brands expand up, and this was the reason for the layoffs,” the article claims.

3% of Samsung’s employees have been layoffs at its US semiconductor subsidiary

The US semiconductor subsidiary Device Solutions Americas (DSA) of Samsung Electronics has laid off 3 percent of its employees.

According to reports cited by BusinessKorea, Samsung DSA informed all of its employees of the job losses because of the deteriorating economic climate.

At Samsung DSA, there are 1,200 total employees, of which 30 have been let go.

Microsoft continues a third round of layoffs including employees in supply chain, cloud, IoT biz

A third round of layoffs at Microsoft affected workers in positions connected to the supply chain, artificial intelligence (AI), and the internet of things (IoT).

Related Post – 5 Top Digital Entrepreneurs Who Are Bringing The Modern Marketing Style To The Industry

The third round of layoffs, according to CRN, is a component of the 10,000 job reduction announced by Microsoft earlier this year.

According to the report, which cited the corporation, job losses occurred at different levels, functions, teams, and geographical locations.

According to Washington state records, the software firm informed its home state on Monday that 689 of its employees had been permanently laid off. Microsoft’s offices in Redmond, Bellevue, and Issaquah are affected by the layoffs.

Telehealth Startup Cerebral Announces Layoff of 15% of Employees

A US-based telehealth startup announced it would lay off 15 percent of its workforce in a fresh round of job cuts.

According to sources cited by The Wall Street Journal, the layoffs are a part of Cerebral’s year-long strategy to restructure the business and refocus on the services patients demand.

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