Dive into the tech & future
Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by news agency Reuters said. The job cuts at Ericsson are the largest layoffs to hit the telecom industry this year so far. The company is seeking cost reductions at … Read more
Bloomberg | | Posted by Singh Rahul Sunilkumar Mark Zuckerberg-led Meta Platforms Inc. is asking many of its managers and directors to transition to individual contributor jobs or leave the company as part of a process to become a more efficient organization, known internally as a “flattening,” according to people familiar with the matter. ALSO … Read more
Online food delivery platform Swiggy on Friday laid off 380 employees as part of a “restructuring exercise” citing challenging macroeconomic conditions, with its CEO Sriharsha Majety saying that overhiring was a case of “poor judgement” where he should have done better. In an internal email, Majety, Co-Founder and CEO, also apologised to the affected employees … Read more
Alphabet is eliminating 12,000 jobs, its chief executive said in a staff memo shared with Reuters. The cuts mark the latest to shake the technology sector and come days after rival Microsoft said it would lay off 10,000 workers. The job losses affect teams across the company including recruiting and some corporate functions, as well … Read more