US layoffs: Experts warn that the issue may worsen in 2024, with the labour market facing continued softening due to high interest rates and persistent inflation.
US companies planned 721,677 job cuts last year, a 98% jump from 363,832 layoffs reported in 2022, a new report published by professional outplacement firm Challenger, Gray & Christmas has revealed.
Layoffs in 2023: As the sun sets on 2023, a stark reality hangs heavy over the Indian tech landscape - downsizing. Over 15,000 employees across nearly 100 startups were handed pink slips this year, a chilling echo of a prolonged funding winter and challenging global conditions.
In India, Byju's laid off the most number of employees at 3,500 in two rounds, followed by Unacademy (12 per cent of total employees), ShareChat (500), Swiggy (380), Ola (200) and Physics Walla (120)