Zuckerberg told investors last month that the company is "working on flattening our org structure and removing some layers of middle management to make decisions faster as well as deploying AI tools to help our engineers be more productive". Meta Layoffs: Tech Firm Gives Thousands of Employees ‘Subpar’ Performance Ratings, More Sacking Likely.
According to a report in VCCircle, citing sources, it was not clear how many Indian workers will be impacted in OLX layoffs. The company s auto business is likely to be the worst hit, possibly impacting engineering and operations teams in India. 📲 OLX Layoffs: Online Marketplace To Slash 15% of Workforce, Around 1,500 Employees To Be Impacted.
The job cuts announced on Monday are in addition to those outlined in October. Philips stated that it will now concentrate on extracting the full value of its portfolio through a focused organic growth strategy. Philips Layoff: Tech Firm Plans To Cut 6,000 Jobs by 2025, Including Around 3,000 in 2023 To Enhance Performance and Drive Value Creation.