Google has let go 200 members from its core team as part of a cost-cutting and restructuring exercise. About 50 roles were axed from the engineering team operating out of the California headquarters. Some of the jobs are expected to be relocated overseas, primarily to India and Mexico, as reported by CNBC. Most of those impacted were involved in the development of the tech responsible for Google’s best offerings as well as its global information technology infrastructure and user safety. Asim Husain, vice president, Google Developer Ecosystem, conveyed to the employees that the company now wis ..read more

Looks like the layoffs at Tesla are to continue. Elon Musk, CEO, Tesla has reportedly let go a senior director and a head of new products on 30 April 2024 amidst dwindling sales. That means, those in the top ranks are not being spared at Tesla. To add to that, there are reports that hundreds of employees will also be laid off. It is pertinent to mention here that on 16 April Tesla had announced a significant restructuring plan, resulting in a 10 per cent reduction of its global workforce, potentially affecting around 14,000 employees worldwide. The move was to streamline operations and slash c ..read more

Healthify, popularly known as Healthifyme, the health technology brand, has let go of 150 employees, mostly from the sales and product teams, as part of a restructuring. The objective is to improve profits even while attempting to expand its footprint in the US. This isn’t the first time the company is reducing its workforce size. In December 2021, the Indian startup had laid off 150 of its staff members at a time when the world was gripped by the fear of recession. At the time, the company had told media that the difficult decision had to be made because the market had not behaved as expected ..read more

Platform X again made its way into the headlines due to its CEO, Elon Musk. Another defamation case is to be lodged against Musk in Ireland by one of its former employees, Aaron Rodericks. Rodericks is a lawyer who stayed on with Twitter after it was acquired by Musk and later renamed X. Earlier, Rodericks lead Twitter’s threat disruption team, which aimed to tackle misinformation on the platform. However, last fall, he, along with other trust and safety workers, lost their jobs. This was part of a series of layoffs over several months where Musk implemented extensive cost-cutting measures, le ..read more

Frontdesk, an online rental platform, recently made headlines as the first tech startup to terminate all 200 employees through a brief two-minute Google Meet call. The layoffs affected both full-time and part-time staff, as well as contractors, leaving the proptech startup on the brink of closure. Jesse DePinto, CEO, has, as reported by TechCrunch, informed the workforce that the company intends to pursue state receivership as an alternative to bankruptcy. Just two months before its downfall, Frontdesk displayed optimism by posting job openings, including a chief of staff role, on LinkedIn. Th ..read more

Nio Inc., a Chinese electric vehicle (EV) manufacturer, is considering additional job cuts following its recent announcement of a 10 per cent workforce reduction last month. Media reports suggest that certain departments have been instructed to create backup lists for potential layoffs, possibly increasing the initial workforce reduction from 10 per cent to a range of 20 to 30 per cent within the unit. The cuts are expected to primarily target non-core businesses, or those that are incapable of yielding immediate returns, or demand substantial investments. These extra job cuts follow Nio’s ann ..read more

Whirlpool Corp, the home appliances manufacturer, has unveiled plans to slash roles globally. The company is set to axe approximately 1,000 salaried positions worldwide, in a strategic move to navigate challenging market conditions. With the initial phase of layoffs having already been executed in March, the company confirmed that further reductions are anticipated by early May, as reported by Reuters. As of end of 2023, Whirlpool had a workforce strength of 59,000 employees worldwide. The decision to downsize comes as part of a broader effort to streamline operations and curtail expenses, wit ..read more

On 16 April Tesla had revealed its intention to let go 10 per cent of its workforce, affecting about 14,000 employees, globally. Now, specific numbers have been revealed for the locations. More than 6,000 people will lose their jobs, with 3,332 jobs being axed in Califonia and 2,699 in Texas, starting 14 June. That means, about 12 per cent of the workforce in The company has sent notices to the state authorities in compliance with the ‘60 days’ notice prior to mass layoffs’ law in the US. The law is applicable to establishments with 100 or more workers. About 285 workers from its Buffalo facil ..read more

Sportswear firm, Nike is all set to reduce staff strength at its Oregon headquarters by 740. This is part of a cost-cutting exercise because the company expects to see its revenue dip in the first half of financial year 2024-25. With people cutting down on spending, the company expects sales to be weak this year. In December 2023, the sports brand had revealed its intention to launch a cost-saving initiative that will bring down expenditure by $2 billion in three years’ time. At the time, the company had also revealed that it would be spending about $400 million in severance pay to the impacte ..read more

Brevan Howard Asset Management is all set to reduce its workforce by a 100 people. This is part of a cost-cutting exercise at the hedge fund, which is endeavouring to streamline processes. As part of this attempt, it is considering closing its Paris office. The layoff will primarily affect back-office roles and tech employees, mostly in London, New York and Hong Kong. About 20 traders and portfolio managers or money managers will also be laid off. Globally, the asset management firm has over 1,100 employees across its offices in NewYork, London, Hong Kong, Abu Dhabi and others. In India, the f ..read more