Why Intel CEO Pat Gelsinger Is Taking a 25 Percent Pay Cut
Intel Corp said on Tuesday that it had made broad cuts to employee and executive pay, a week after the company issued a lower-than-expected sales forecast driven by a loss…
PayPal to Lay Off 2,000 Employees to Cut Costs Amid Economic Slowdown
PayPal Holdings said on Tuesday it is planning to cut 7 percent of its workforce, or about 2,000 employees, the latest in a list of fintech firms to be hit…
TV prices won’t fall soon despite tax cut on open cell parts
Presenting the Union budget on Wednesday, finance minister Nirmala Sitharaman halved the customs duty on parts to produce open cells to 2.5%, “to promote value addition in manufacturing of televisions."…
SAP to cut 3,000 jobs after profit plunges
Software company SAP SE joined the ranks of tech companies announcing job cuts this year, saying it would shed up to 3,000 positions after a steep profit drop in late…
Spotify to cut 6% of its staff in latest tech layoffs
Spotify Technology S.A. will cut its workforce by about 6% as part of broader cost-cutting measures, Chief Executive Daniel Eksaid in a note to staff on Monday. …
After Amazon, Meta, Now Spotify Planning to Cut Jobs This Week
Spotify Technology SA is planning layoffs as soon as this week, according to people familiar with the plans, joining a slew of technology companies from Amazon.com Inc. to Meta Platforms…
Amazon to Cut Jobs in US, Canada, Costa Rica as Part of Mass Layoffs
Amazon will cut some jobs in the United States, Canada, and Costa Rica by the end of Wednesday as part of its plan to lay off 18,000 employees, the e-commerce…
Google Parent Alphabet Says It Will Cut 12,000 Jobs in Memo
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…
GoMechanic to Cut 70 Percent Jobs After Errors in Financial Reporting
Automobile after-sales service startup GoMechanic co-founder Amit Bhasin on Wednesday admitted to errors in financial reporting, following which a forensic audit has been ordered and a business restructuring undertaken which…
Why Google-Backed ShareChat Decided to Cut 20 Percent of Its Workforce
India's ShareChat, a short video-sharing platform backed by Google and Temasek, said on Monday it let go of around 20% of its employees at a time when startups are facing…