LAYOFF

More in LAYOFF

• Catalan cava producer Freixenet to lay off 80% of workforce due to drought

  Freixenet becomes one of the first companies in Catalonia to present a temporary layoff plan, which is expected to come into force in May, due to the persistent drought.

  

• Paytm refutes layoff reports as SVP Praveen Sharma steps down

  One97 Communications Ltd (OCL) announces Praveen Sharma's resignation as Senior VP at Paytm. Sharma steps down for new opportunities after Google. Paytm emphasizes sustainable growth, innovation, and commitment to customer service and team development.

  

• Gaming company Unity likely to layoff employees to cut costs

  Game development software company Unity has announced that it will "likely" go for layoffs as part of cost-saving measures.

  

• Beyond Meat cuts non-production workforce by 19%

  The plant-based meat maker is further reducing its current workforce by about 65 employees, or about 19% of its global non-production workforce.

  

• Cisco plans to layoff 350 employees in Silicon Valley: Report

  Telecom publication Light Reading, while citing the California Employment Development Department, noted that Cisco will reduce its headcount by 227 at its San Jose office and 123 employees in Milpitas by mid-October. SFGate separately reported that the majority of layoffs at both locations are software engineering positions.

  

• Citigroup starts layoff talks after management overhaul

  Citi managers are already convening discussions with employees about potential layoffs, according to the sources, who declined to be identified discussing personnel matters. One-on-one meetings about departures were also starting, one of the sources said.

  

• Binance.US says CEO Shroder to depart, 100 jobs will be cut

  Shroder will be replaced by general counsel Norman Reed, who joined the company in December 2021, on an interim basis.

  

• Over 10,000 more jobs to go at UK's Wilko after partial rescue fails

  Canadian businessman Doug Putman had been in talks with administrators PricewaterhouseCoopers (PwC) to buy some 200 shops operated by Wilko, which went bust in August.

  

• Chargebee fired 10% of its workforce in second round of layoffs

  ​​The fresh round of layoffs has affected around 120 employees across various departments. Chargebee CEO Krish Subramanian said that the main reason behind layoffs is the ongoing market shifts.

  

• Goldman Sachs plans fresh round of job cuts for underperformers

  The plan would typically result in between 1% and 5% of company-wide employees losing their jobs and Goldman is targeting a number at the lower end of the range in parts of its core investment banking and trading divisions, according to the report.

  

• Kenko Health reduces headcount by 20% across functions

  According to Entrackr, citing sources, the company fired at least 50-60 employees, however, the number could be higher. It was also trying to raise Series B funding.