Adventure camera maker, GoPro, recently announced that it has done massive organizational changes at the company. Taking into account the impact of the coronavirus pandemic, the company is laying off 20% of its workforce to conserve cash. GoPro has announced a $100 million reduction to 2020 operating expenses including a workforce reduction of more than…
The coronavirus pandemic has impacted several jobs globally with nearly 10 mn people filing for unemployment benefits in America alone. The pandemic has forced businesses to close operations and employees have been sent on furloughs for indefinite periods. The International Labour Organization has predicted that globally around 2.5mn jobs would be lost due to the…
California-based dynamic glass maker, View has recently laid off an unknown number of employees. These layoffs are also made from the company’s plant in Olive Branch, Mississippi. View specializes in making dynamic glasses that are designed to reduce heat and glare as well as lessen eyestrain. View touts its glass as a way for real…
Raghav Bahl-owned digital news website The Quint has recently asked about 45 employees to go on an indefinite leave without pay, according to various news reports. As per a report by news website Newslaundry,the estranged staff include reporters, one of whom recently won a prestigious journalism award, copy editors, a bureau chief, production staff, and…
AngelList, a platform to connect investors to startups, has recently laid off a number of staff and cut executive salaries across all departments, according to a TechCrunch report. The company reportedly has more than $1bn assets under management. The company has yet not made any comments on the number of staff being laid off but…
The coronavirus pandemic has now started to impact the world economy to another level. The novel virus outbreak, which was once considered to be China’s “internal problem”, has now become a global headache. The World Health Organization has now termed the outbreak as “pandemic”, forcing governments to act on war footing to combat the disease…
Bengaluru-based travel tech startup Treebo has recently asked its employees to opt for voluntary resignations as a result of a sharp decline in sales due to the ongoing coronavirus pandemic. According to media reports, Treebo is in the process of letting go of 30-35% of its 400-strong workforce and the company’s co-founders and leadership team…
As the coronavirus pandemic takes a toll on businesses around the globe, job cuts have started to become a common cost-cutting measure by organizations. Recently, according to a BBC report, British Airways is expected to announce the suspension of about 36,000 staff. It is being reported that International Airlines Group-owned British Airways has reached a…
Real-estate brokerage startup, Compass has reportedly laid off 15% of its workforce due to the ongoing crisis in the real estate industry because of the coronavirus outbreak. As per a TechCrunch report, based on an internal email accessed by the media, the Softbank-backed startup has recently has laid off 15% of its staff as a…
Online travel giant Expedia Group is cutting 12% of its workforce or about 3,000 jobs, after a “disappointing” 2019, the company said. Recently, Expedia Group’s leadership sent an email to its employees globally saying that it plans “to reduce and eliminate certain projects, activities, teams, and roles to streamline and focus our organization.” In the…
Decade-old question and answer based startup Quora, has recently announced that it will be laying off staff from its Bay Area and New York offices. The announcement was made by the company CEO on the website. In the statement, Chief Executive Officer Adam D’Angelo wrote that the layoffs and “organizational changes” were being pursued in…
HSBC (The Hongkong and Shanghai Banking Corporation) Holdings Plc recently announced that the bank will witness a major overhaul that would reduce the number of staff to 200,000 from 235,000 over the next three years. The announcement comes after the bank reported that it has missed the pre-tax profit expectations after the bank took a…
Leading solar rooftop solutions provider Vikram Solar has reportedly decided to lay off 320 employees from one of its manufacturing facilities at Falta in the state of West Bengal. The recent layoffs come just ten days after industry veteran Saibaba Vutukuri took charge as the Chief Executive Officer. Through the means of a media statement,…
Cognizant has decided to lay off about 350 people as the company seeks to bring down costs and turn the focus more on digital from traditional technology services. The layoffs will be done from mid-to-senior level positions globally. As per a company spokesperson, these employees are aged between 50-55 years, most of whom are based…