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Tag: Layoffs

Now the jobs of robots are in danger! Google fired 100 robots from the office

Alphabet, the parent company of Google, recently layoffs 12,000 employees and 100 robots cleaning the cafeteria at its headquarters.

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Google CEO Sundar Pichai reportedly terminated Alphabet’s “Everyday Robots” project, which was housed within Google’s Experimental X Labs. During the pandemic, robots also kept conference rooms clean.

100 one-armed, wheeled robots were trained to assist in cafeteria cleaning as part of the project. A large number of these robot prototypes were removed from the lab and were employed by Google in their facilities. The tables were cleaned by these robots, which were also employed to segregate rubbish and recycle.

Hotstar loses 3.8 million subscribers, Disney layoffs 7,000 employees

Disney Layoff: Layoffs are still occurring in US companies. The list of businesses that have recently let go of staff now includes Walt Disney as well. The business has disclosed that 7,000 employees will be let go.

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3.8 million paid customers have left Disney’s streaming service Disney + Hotstar for the first quarter ending December 31, 2022. It is thought that the corporation chose to fire staff in order to save costs only after its customer base shrank.

Disney announced on Wednesday that it is firing 7,000 staff. This is regarded as CEO Bob Iger’s first significant decision. At the conclusion of the previous year, he took control of the business.

Disney’s annual report for 2021 states that it employs 1,90,000 people worldwide. Eighty percent of them worked full-time. Disney’s overall staff would shrink by 3.6 percent as a result of the layoffs.

In India, Disney Plus Hotstar dominates

Disney’s OTT network has outperformed even a major company like Netflix in India because of its smooth streaming. Hotstar’s market share in the Indian OTT market is close to 29%. There are more than 50 million paid subscribers to Disney Plus Hotstar.

Wave of retrenchment continues, now Spotify and InMobi are also laying off employees

The wave of layoffs is currently underway in full force. And every day, some story about this makes headlines. And one such alarming report that huge firms have undertaken widespread layoffs came to light yesterday. Spotify and InMobi are their names.

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Spotify laid off 600 employees

Major Spotify Technology-related news has just been released. Global layoffs are planned by the Spotify Technology Company. In this, it is said that 6% of the workforce will be let go.

According to media sources, the Spotify corporation announced on Monday that it will be laying off 600 people, or 6% of its workforce worldwide. CEO of the Swedish firm Daniel Ek made this announcement.

InMobi lays off 50-70 employees

The first unicorn in India has announced the layoffs of thousands of workers. There have been between 50 and 70 layoffs at InMobi. This layoff has affected both InMobi and its other company, Glance. Till now this news has not been confirmed by the InMobi officials.

Good news amid wave of layoffs! Hiring is expected to increase by 40-45% in these sectors

News of layoffs is currently spreading from all directions. India is one of several countries where IT startups and enterprises have lately let go of thousands of people. Google’s parent company Alphabet Inc. is also experiencing the wind of retrenchment and is about to lay off 12,000 employees.

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However, there appears to be some alleviation in the country’s telecoms and related industries for the time being. A survey claims that employment in the telecommunications industry and allied industries has increased by 30–36% during the past three to six months. At the same time, recruiting in these industries is anticipated to rise by 40–45% during the next two years.

He stated that by the end of FY 2022, there were around 40 lakh people working in telecommunications and related industries. By the end of FY 2026, this number is expected to rise to 60 lakh.

24,151 employees were laid off this year

According to Layoff Tracker, a website that analyses layoffs, as of January 15 this year, 24,151 people had been let go by organizations including Amazon, Coinbase, and Salesforce. Companies including Meta, Twitter, Oracle, Snapchat, Uber, and Intel also let go of roughly 1,53,110 workers last year, or in 2022.

Bad news for Amazon employees! is laying off 18 thousand staff

Despite the global recession, Amazon, an online retailer, has made a significant statement. Amazon said on Thursday that it will be firing around 18,000 workers.

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Beginning on January 18, this retrenchment procedure will take place. The people who work in the company’s e-commerce and human resources (HR) departments will be most affected by this significant layoff, according to a message issued by CEO Andy Jassy.

This was revealed by the company’s CEO, Andy Jesse, in a memo to staff members on Wednesday. Amazon had previously announced the layoff of 10,000 employees, but that number has already been upped to 18,000.

“After lockdown, no additional staff is required.”

The business also claimed to have employed a large number of new employees during the Corona pandemic. There was no need for these folks in such a scenario after the lockdown began in the nations. The business can now retrench these individuals widely in such a circumstance.

HP will also lay off employees after Amazon and Twitter, expected to cut 6,000 jobs by the end of 2025

Around the world, there is a wave of layoffs in the tech industry. Another significant tech company has opted to lay off employees, following Twitter, Meta, and Amazon. HP Inc., a manufacturer of electronics and laptops, is predicted to axe around 6,000 jobs.

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The company won’t be firing everyone at once, which is a comfort. Instead, this round of layoffs could last until the end of 2025. The corporation will reportedly reduce its global workforce by around 12% as a result of this downsizing.

Layoffs will continue till 2025

There are now about 50,000 employees working for HP Inc. Approximately 4,000 to 6,000 employees will be laid off by the company over the next few years. The company’s decision to announce the layoffs while presenting its financial year 2022 report is unique. “The corporation intends to lay off 4,000–6,000 workers. By the end of 2025, the retrenchment process is anticipated to be finished “The declaration said.

Declining sales are the reason

Company sources claim that during the Corona outbreak, sales of HP’s laptops and computers increased significantly. However, as the school offices reopened following the pandemic, PC and laptop category sales once more stagnated. The corporation has decided to eliminate positions due to the fast declining sales.

Inflation and recession

One of the main causes for layoffs by businesses can also be concerns about inflation and a worldwide economic collapse. Given these circumstances, HP Inc. is anticipated to report lower-than-expected first-quarter profits due to sluggish demand. Although the corporation has not yet specified when this layoff will begin in India and other international markets.

(Input – IANS)

E-commerce company Amazon is planning to lay off 10,000 employees

The online e-commerce company Amazon plans to lay off thousands of employees. According to a story in the New York Times, Amazon intends to fire 10,000 individuals this week who work in the corporate and IT industries. These layoffs will be made from among the workforce located all around the world.

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What is the reason for the layoffs?

The effects of the recession are being felt everywhere. One after another, major corporations are laying off workers. Following large corporations like Facebook, Twitter, and Snapchat, Amazon is now going to lay off employees.

After Twitter and Meta, the e-commerce behemoth Amazon has reportedly fired staff members in newly created units that have not turned a profit this year, according to a Daily Mail article.

The company was already reviewing

According to a recent article in The Wall Street Journal, Amazon.com Inc. is evaluating its non-earning operations. The gadget itself and Alexa the speech assistant are included in this. Following a month-long investigation, Amazon asked workers at divisions that weren’t turning a profit to look for other employment. It has been requested that some robotics and retail teams be closed and personnel be redeployed to more lucrative fields. After considering all of these factors, the corporation let go of 1000 employees.

Mark Zuckerberg’s Meta lay offs more than 11,000 employees this year, Report

In one of the largest tech layoffs this year, Meta Platforms Inc. announced on Wednesday that it will fire 13% of its workforce, or more than 11,000 workers, as the Facebook parent company confronts rising costs and a sluggish advertising market.

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There have been thousands of layoffs at other significant digital firms, including Twitter, owned by Elon Musk, and Microsoft. Meta’s layoffs are the first in its 18-year history.

In the face of decades-high inflation and swiftly rising interest rates, the economic boom that increased the value of tech businesses this year has collapsed. More than two-thirds of the value of Meta’s shares have been lost, and the company stated it also intends to reduce discretionary expenditure and continue its hiring freeze through the first quarter.

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