Latest News, Updates & Breaking Headlines
Microsoft-owned LinkedIn recently fired 5% of its global workforce across four divisions. Now, a new report by New York Post reveals that the professional social network is now once again cutting more than 600 jobs this summer with California employees bearing the brunt of the fresh round of layoffs. A new Worker Accounting and Retraining…
Coinbase has announced plans to cut around 700 jobs, or about 14% of its global workforce. The latest round of layoffs comes as part of America’s largest crypto exchange’s restructuring effort aimed at reducing costs and aligning operations with the growing role of artificial intelligence.In an email sent to employees (later shared on the microblogging…
Meta is laying off 10% of its workforce. As reported earlier this month by news agency Reuters, the Mark Zuckerberg headed company plans to reduce its workforce by 10%, or roughly 8,000 employees, in May. The company announced the layoffs in a memo written by chief people officer Janelle Gale to employees saying that the…
The Bill & Melinda Gates Foundation has started informing its employees about upcoming layoffs, reports the Wall Street Journal. According to the publication, the Foundation has sent a memo to its staff informing them to cut up to 500 jobs, or roughly 20% of its workforce. For those unaware, Gates has previously announced plans to…
While investors fret over a potential software rout due to ‘explosion’ of AI technology, one of Microsoft’s top executive has pushed back against fears of an enterprise software decline. According to Rajesh Jha, executive vice president of Microsoft’s Experiences + Devices Group, AI agents will still require software licenses, which addresses concerns that AI-driven job…
In pic: Sony Pictures CEO Ravi Ahuja Sony Pictures Entertainment reportedly started laying off employees across its motion picture group, television division, and corporate offices this week. The latest round of job cuts is part of a restructuring effort expected to unfold over several months, a report claims. A Deadline report suggests that the move…
Netflix co-CEO Ted Sarandos has now broken his silence after dropping out of the bidding war for Warner Bros. Discovery, conceding defeat to Paramount Skydance. However, Sarandos warned that the rival’s debt-heavy acquisition will come at a steep cost for Hollywood. Speaking to Bloomberg in an interview, Sarandos revealed that Netflix had planned for multiple…
Labour and employement ministry has detailed a compliance checklist for employers in order to tighten accountability and minimise legal disputes. The ministry has listed almost two dozen requirements under the four labour codes: the Code on Wages, the Code on Social Security, the Industrial Relations Code and the Occupational Safety, Health and Working Conditions Code….
India’s Sumit Nagal (PTI Photo) Bengaluru: Injuries are an inevitable part of an athlete’s journey, often testing not just the body but the mind as well. Even after the physical recovery is complete, questions about fitness and confidence can linger. Sumit Nagal is navigating a similar phase after sustaining a minor hip tear at the…
Mid-career professionals, particularly those in their 40s, are facing increased layoff risks and a sense of early retirement due to ageism and rapid technological shifts. This demographic, burdened by significant financial responsibilities, experiences job loss as a profound disruption, necessitating continuous upskilling and adaptability for survival in a changing job market. When headlines broke that…
