The legendary venture firm Sequoia Capital has cut seven people in its talent operations division, a sign of continued retrenchment in the world of Silicon Valley startups
Credit Suisse had a staff of around 45,000 before it nearly collapsed on investor fears about its solvency, which prompted a massive bailout orchestrated by the Swiss government.
Swiss banking group UBS plans to cut 35,000 jobs at Credit Suisse more than half its workforce as part of the emergency rescue takeover of its rival in March, according to a report by Bloomberg News on Tuesday.
Big data analytics software company Sumo Logic has laid off 79 employees, as job cuts continue in the tech industry worldwide. Sumo Logic Layoffs: Data Analytics Platform Lays Off 79 Employees as Job Cuts Continue in Tech Industry.