Just months after it laid off 1100 employees across various markets in May, food tech unicorn Swiggy recently announced that it has decided to let go of another 350 employees, in what is being termed as the second wave of layoffs at the company. According to the foodtech giant, the industry has recovered only to…
The coronavirus pandemic has impacted several businesses worldwide leading to layoffs across industries. In a recent development, Bengaluru-based two-wheeler rental startup Bounce announced that it has decided to lay off around 22% of its workforce or about 130 employees due to the impact of Covid-19 on the mobility industry. Announcing the decision through a company…
Indonesia-based tech startup Gojek recently announced that it is laying off about 9% of its total workforce amid the coronavirus pandemic. The recent downsizing exercise at the company is expected to affect about 430 employees. In an official statement, the company said that the layoffs are part of a “long-term response to the Covid-19 pandemic”…
PaisaBazaar, the digital lending arm of PolicyBazaar recently said that it has laid off about 1,500 employees to bring down operational costs as the company’s business struggles due to the coronavirus pandemic. According to a Mint report, the layoffs constitute about half of the company’s workforce and are predominantly from roles involving operations and business…
Traditional jobs have all been under the fear of getting replaced by the new-age technologies. Automation at manufacturing has already cut several jobs and employee unions worldwide have been vocal about the impact of automation on livelihoods. But organizations have always backed such technologies to reduce manpower cost, increase efficiency and cash on profits. In…
Ride-hailing giant Uber recently announced that it is laying off 600 employees or 25% of its workforce in India as the company struggles to get business on track during the coronavirus pandemic. The recent layoffs from its India workforce are a part of Uber’s global downsizing exercise which will affect about 6,700 employees globally. India…