Lay Offs

Elon Musk, who is busy promoting Donald Trump for the keenly-watched US presidential election on November 5, has reportedly laid off more employees from his X social media platform.

Ernst & Young (EY) recently fired dozens of employees in the US for attending multiple online training courses simultaneously during the firm's learning week organised earlier this year.

Meta is laying off employees across units including Instagram, WhatsApp and Reality Labs, the Verge reported on Wednesday, citing people familiar with the matter.

Riot Games is laying off staff for the second time this year, the studio confirmed Tuesday. The latest round of cuts will affect the PC development team behind Riot’s massively popular MOBA title League of Legends.

TikTok is laying off hundreds of employees from its global workforce, including a large number of staff in Malaysia, the company said on Friday. Two sources familiar with the matter earlier told Reuters that more than 700 jobs were slashed in Malaysia.

Lionel Messi is set to return to action with his club Inter Miami on Saturday after spending over two months out with an ankle injury, Miami coach Gerardo Martino said on Friday.

Microsoft is laying off 650 employs from its Xbox unit. The job cuts will affect mostly corporate and supporting functions, the report said, citing a memo sent to staff by Xbox chief Phil Spencer.

PricewaterhouseCoopers (PwC) is set to lay off approximately 1,800 employees in the United States, marking its first major round of layoffs since 2009.

Goldman Sachs Group Inc. plans to dismiss a few hundred employees in the coming weeks as part of the firm's annual cull of low-performing staff, according to people familiar with the matter.

Chatbot startup Character.AI laid off at least 5% of its staff, The Information reported on Thursday, citing a person briefed by company leaders.

The number of people affected could be similar to or slightly higher than the 4,000 employees Cisco laid off in February. The company employed around 84,900 people as of July 2023.

Destiny maker Bungie announced last week that it was laying off 220 employees and making structural changes as part of cost-cutting measures. The studio cited rising development costs and grim economic environment as factors behind its decision. Now, Bungie has sought to reassure players over its commitment to Destiny and has said that it will soon...

The lawsuit came after Intel said last Thursday it would lay off more than 15 percent of its workforce, or more than 15,000 jobs, and suspend its dividend starting in the fourth quarter as part of a restructuring meant to save $10 billion (roughly Rs. 83,976 crore) in 2025.

Intel will lay off over 15,000 employees, approximately 15 per cent of its workforce by the end of 2024, CEO Pat Gelsinger announced on Thursday.

"This last time has been the hardest. The job market is drastically different than it even was a year ago," she said.

Elon Musk, who is busy promoting Donald Trump for the keenly-watched US presidential election on November 5, has reportedly laid off more employees from his X social media platform.

Ernst & Young (EY) recently fired dozens of employees in the US for attending multiple online training courses simultaneously during the firm's learning week organised earlier this year.

Meta is laying off employees across units including Instagram, WhatsApp and Reality Labs, the Verge reported on Wednesday, citing people familiar with the matter.

Riot Games is laying off staff for the second time this year, the studio confirmed Tuesday. The latest round of cuts will affect the PC development team behind Riot’s massively popular MOBA title League of Legends.

TikTok is laying off hundreds of employees from its global workforce, including a large number of staff in Malaysia, the company said on Friday. Two sources familiar with the matter earlier told Reuters that more than 700 jobs were slashed in Malaysia.

Lionel Messi is set to return to action with his club Inter Miami on Saturday after spending over two months out with an ankle injury, Miami coach Gerardo Martino said on Friday.

Microsoft is laying off 650 employs from its Xbox unit. The job cuts will affect mostly corporate and supporting functions, the report said, citing a memo sent to staff by Xbox chief Phil Spencer.

PricewaterhouseCoopers (PwC) is set to lay off approximately 1,800 employees in the United States, marking its first major round of layoffs since 2009.

Goldman Sachs Group Inc. plans to dismiss a few hundred employees in the coming weeks as part of the firm's annual cull of low-performing staff, according to people familiar with the matter.

Chatbot startup Character.AI laid off at least 5% of its staff, The Information reported on Thursday, citing a person briefed by company leaders.

The number of people affected could be similar to or slightly higher than the 4,000 employees Cisco laid off in February. The company employed around 84,900 people as of July 2023.

Destiny maker Bungie announced last week that it was laying off 220 employees and making structural changes as part of cost-cutting measures. The studio cited rising development costs and grim economic environment as factors behind its decision. Now, Bungie has sought to reassure players over its commitment to Destiny and has said that it will soon...

The lawsuit came after Intel said last Thursday it would lay off more than 15 percent of its workforce, or more than 15,000 jobs, and suspend its dividend starting in the fourth quarter as part of a restructuring meant to save $10 billion (roughly Rs. 83,976 crore) in 2025.

Intel will lay off over 15,000 employees, approximately 15 per cent of its workforce by the end of 2024, CEO Pat Gelsinger announced on Thursday.

"This last time has been the hardest. The job market is drastically different than it even was a year ago," she said.