Stay updated with breaking news from Corporate layoffs. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Tesla s recent layoffs, including an Indian techie, have sparked controversy. The techie, who was promoted just a month before, faced unexpected termination due to restructuring. The layoffs are part of Tesla s efforts to reduce its workforce by 10% amid sales challenges. Jatin Saini, the techie s brother, criticized Tesla for its lack of transparency and empathy in the process. Despite the layoffs, Tesla s shares saw a 1.97% gain on 7 May, reaching USD 184.76. ....
US-based Cognizant hired only just over 60,000, while French IT consultancy firm Capgemini hired about 61,182 in 2023. Cognizant had hired 1,32,000, while Capgemini recruited 1,40,789 employees in 2022. ....
SAN JOSE, California — Tech companies have chopped several hundred more jobs in the Bay Area, a fresh round of layoffs that has made January 2024 the worst month for ....
Dec. 7—Novant Health Inc. said Wednesday that it is outsourcing some information-technology operations to Indian vendor Wipro by the spring. Novant declined to say how many employees would be affected ....
Wells Fargo is planning to be “more aggressive” about layoffs at the bank, and expects to have higher severance costs in the fourth quarter than initially expected, its CEO said. ....