Layoffs 2023: The Israeli web analytics company which creates measurement tools for analysing web behaviour and traffic analytics, headquartered in Tel Aviv, saw its cash and cash equivalents fall to $75.3 million at the end of March, the company said in its earnings report. Shopify, the e-commerce platform, has announced to lay off 20 per cent of its workforce which will impact more than 2,000 people., Companies News, Times Now
Along with reporting financial results and business highlights for the second quarter on May 5, the biotechnology company announced to lay off 25 per cent of its workforce, as the firm aims at accelerating its path to profitability while simultaneously extending the company’s runway. , Companies News, Times Now
Meesho Layoffs: The company further said that it is committed to ensuring all those impacted "have our full support and will be provided a separation package that includes a one-time severance payment of 2.5 to 9 months (depending on tenor and designation), continued insurance benefits, job placement support and accelerated vesting of ESOPs"., Companies News, Times Now
After reducing 10 percent of its workforce in January, Salesforce layoffs are expected to exceed the headcount of 8,000 job cuts. The Chief Operating Officer, Brian Millham has hinted at more layoffs at the US based tech company. Details below.