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1 min read

Byju's begins disbursing March salaries to employees after 2nd successive delay

Embattled edtech platform Byju's finally started disbursing salaries to its thousands of employees …

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1 min read

Amazon is laying off hundreds of employees in its cloud division 


The latest round of cuts will impact Amazon Web Services staffers, internal emails obtained by Busi…

Jyoti Mann   


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5 mins read

Spotify employees question lavish spending on events while the company lays off thousands

Amid layoffs, Spotify remains committed to extravagant events, sparking debate about the company's …

Jyoti Mann   


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1 min read

Careers site Indeed to lay off 1,000 workers

In a memo to employees, CEO Chris Hyams took responsibility for "how we got here" but also cited a …

Dominick Reuter,Alyshia Hull   


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1 min read

Rivian lays off more workers

Rivian said the latest round of cuts affect about 1% of its workforce.

Grace Kay   


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4 mins read

Tesla, Google, and Microsoft won't stop laying people off. Here's why that could backfire.

Job cuts at tech companies like Google, Microsoft, and Tesla could hurt morale, productivity, and t…

Tim Paradis   


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3 mins read

PlayStation is laying off 900 people globally — read the full email employees received about it

PlayStation is cutting 8% of its workforce globally amid a slowdown in video gaming. Here's the ema…

Shubhangi Goel   


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2 mins read

Tesla is laying off more than 10% of its workforce, memo shows

The layoffs at Tesla have come shortly after the carmaker posted lackluster delivery numbers.

Grace Kay,Jyoti Mann   


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1 min read

Morgan Stanley expected to lay off hundreds of employees from its wealth-management team

Layoffs are coming for Morgan Stanley's wealth-management division, according to The Wall Street Jo…

Lauren Steussy,Geoff Weiss   


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1 min read

Tesla lays off its new marketing team months after launching it: report

Tesla scraps its marketing team just months after it began, continuing the company's workforce redu…

Grace Eliza Goodwin,Grace Kay   


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3 mins read

Why you should be excited about getting an AI clone, according to Zoom's CEO

Zoom CEO Eric Yuan says your AI 'digital twin' could shorten the workweek to three or four days.

Ana Altchek   


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1 min read

Discord is laying off 170 employees as its CEO says the workforce grew too quickly

CEO Jason Citron reportedly said the rapid growth of the company since 2020 made it less efficient.

Jyoti Mann   


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3 mins read

Read the memo Elon Musk sent Tesla staff announcing that the company is laying off more than 10% of the workforce

Tesla CEO Elon Musk said in the memo, seen by BI, there's been a "duplication of roles and job func…

Jyoti Mann,Grace Kay   


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3 mins read

Fast-food restaurants in California are laying off workers to prepare for the $20 minimum wage hike

Two Pizza Hut franchisees in California are among those who are laying off workers, federal WARN fi…

Grace Dean   


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1 min read

Udaan lays off 100 employees a week after raising $340 million

Homegrown B2B e-commerce platform Udaan, which raised $340 million last week, laid off more than 10…

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2 mins read

Zoom to lay off around 1,300 employees, CEO Eric Yuan taking 98 per cent pay cut

"We have made the tough but necessary decision to reduce our team by approximately 15 per cent a…

ANI   


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1 min read

Apple cancels self-driving EV project, to lay off workers: Report

Apple has reportedly shelved its autonomous electric car project permanently and is likely to lay o…

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3 mins read

eBay is laying off 1,000 employees about 9% of its workforce. Read the memo its CEO sent to staff.

CEO Jamie Iannone said that the cost of the company's head count and general expenses had outpaced …

Jyoti Mann   


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2 mins read

Wayfair CEO says laying off workers has turned out great

Wayfair's Niraj Shah and Steve Conine said in a letter to shareholders that having fewer staff has …

Grace Eliza Goodwin   


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3 mins read

'Where's the damn paper?' An Oregon newspaper said it's laying off staff after an employee embezzled thousands of dollars

The paper said the theft it learned of in late December has left its finances "in shambles."

Rebecca Ungarino