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Tag: Layoff

Finance/Business

Google lays off 10% managerial staff to enhance efficiency amid AI advancement

December 20, 2024December 20, 2024 - by cmedia

#Google#SundarPichai#GoogleLayoffs#Layoff Mountain View (California)/IBNS-CMEDIA: Google has laid off 10 percent of its managerial staff as part of an ongoing effort to enhance efficiency, aiming to double that number, media reports …

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Finance/Business

US sportswear giant Nike plans to slash 1600 employees

February 16, 2024February 16, 2024 - by cmedia

#USSportswearGiant; #Nike, #JobCut, #Layoff IBNS-CMEDIA: US sportswear giant Nike is planning to slash 1,600 people, which comprises 2 percent of its workforce, media reports said. According to reports, the company is planning …

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Finance/Business

Google lays off reportedly 40 to 45 employees in Google News

October 19, 2023October 19, 2023 - by cmedia

#Google, #GoogleNews, #Layoff, #FakeNews, #IsraelHamasWar, #Alphabet IBNS: Tech giant Google has recently downsized its news division, with nearly 40 to 45 employees in Google News reportedly losing their positions, according to a spokesperson from the …

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Finance/Business

Amid economic uncertainty, Microsoft employees not to get salary hike for 2023, says Microsoft CEO

May 12, 2023May 12, 2023 - by cmedia

IBNS: Amid massive job cuts, Microsoft CEO Satya Nadella informed the employees that the company will not be offering a salary hike this year media reports said. Many company employees …

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Finance/Business

Ericsson, telecom equipment maker to cut 8,500 jobs worldwide, Report

February 25, 2023February 25, 2023 - by cmedia

IBNS: Ericsson, a manufacturer of telecommunications equipment, is set to reduce its expenses by terminating 8,500 employees worldwide, according to a memo seen by Reuters. The sack will be the …

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Finance/Business

Google lays off 1200 employees, offers them severance, healthcare, other support

January 20, 2023January 20, 2023 - by cmedia

IBNS: Google’s parent organization Alphabet is laying off 1200 employees or 6 percent of its workforce amid a grim growth outlook. A day before, software giant Microsoft said it would …

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