According to data from Layoffs.fyi, a layoff-tracking website, a total of 2,62,595 employees were laid off last year by 1,187 tech companies. So far in January, 91 tech companies have already fired 24,564 employees.
According to data from Layoffs.fyi, a layoff-tracking website, a total of 2,62,595 employees were laid off last year by 1,187 tech companies. So far in January, 91 tech companies have already fired 24,564 employees.
Happy Wednesday! Beleaguered edtech major Byjus finally filed its much-delayed audited FY22 results with the Registrar of Companies. Its also holding talks to float a rights issue at a valuation of less than $1 billion. Yes, you heard it right. More on that in todays ETtech Morning Dispatch.
Fitness firm Cult.fit has laid off 100 to 120 employees as part of a cost-cutting exercise, people in the know told ET. The firm’s parent entity, Curefit Healthcare, also runs other brands like Sugar.fit and Carefit, and is backed by the likes of Tata Digital and food-delivery major Zomato.
Fitness firm Cult.fit has laid off 100 to 120 employees as part of a cost-cutting exercise, people in the know told ET. The firms parent entity, Curefit Healthcare, also runs other brands like Sugar.fit and Carefit, and is backed by the likes of Tata Digital and food-delivery major Zomato.