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Boeing announces global job cuts in the middle of workers’ strike, 17,000 people could lose their jobs

Boeing is cutting 17,000 jobs, or 10% of its workforce, amid a strike by 33,000 U.S. workers haltin…

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General Motors announces another round of layoffs, 1,695 workers to be affected

General Motors has announced layoffs at its Fairfax Assembly plant in Kansas, affecting 1,695 emplo…

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3 mins read

Klarna only needs half its staff, because AI lets the buy-now-pay-later company 'do much more with less'

In May, the CEO said Klarna had saved millions by "spending less on photographers, image banks, and…

Lian Kit Wee   


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Significant decline in job growth in FY24, IT and Textile sector labelled 'job destroyers', notes recent BoB report

India Inc. saw a significant slowdown in employment growth, with an increase of just 1.5% in FY24, …

ANI   


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Snap slashes 10% of its workforce

Snapchat's parent company is laying off 10 percent of its staff, the latest tech company to make cu…

Paul Squire,Camilo Fonseca   


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Citigroup to cut 20,000 jobs in big corporate overhaul

Global banking major Citigroup will reduce 10 per cent of its workforce, or about 20,000 employees,…

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Flipkart may reduce workforce by up to 7%, affecting 1,500 employees

E-commerce major Flipkart is reportedly planning to reduce its workforce by 5-7 per cent in early 2…

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6 mins read

Read the email Wayfair's CEO sent to staff announcing that it's laying off 13% of its workforce

"I truly regret the impact this will have on you," CEO Niraj Shah told staff in an email.

Grace Dean   


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5 mins read

Jack Altman led his software unicorn Lattice through blitzscaling and a restructuring. Now he's stepping back at a crucible moment for tech.

Jack Altman tells Business Insider exclusively that he wants to return to building at the early sta…

Melia Russell   


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Automotive digital marketplace TrueCar lays off 24% of workforce

US-based automotive digital marketplace TrueCar has announced the laying off of nearly 24 per cent …

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CRED-owned Happay lays off 35% of its workforce

Corporate expense management platform Happay, owned by credit Card bill payment provider CRED, has …

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Layoffs begin at Ola, 200 employees to be impacted by restructuring exercise

Ride-hailing major Ola has started to lay off 200 employees from its Ola Cabs, Ola Electric and Ola…

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2 mins read

Employees not forced to resign, it's part of 5% workforce reduction: BYJU's

Earlier this month, BYJU's had announced to reduce 5 per cent of its 50,000-strong workforce (ab…

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Chip-maker Micron to cut 10% of its workforce

Chip-maker Micron has announced that it will reduce its workforce by about 10 per cent in 2023 in r…

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Goldman Sachs to lay off up to 8% of its workforce

Goldman Sachs CEO David Solomon previously said the firm is seeing "headwinds on our expense lines."

Sindhu Sundar,Emmalyse Browns…   


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Spotify is laying off around 6% of its workforce about 600 employees — as tech job cuts continue to mount

In a memo to Spotify staff Monday, CEO Daniel Ek said: "I take full accountability for the moves th…

Kate Duffy   


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2 mins read

After SBI, HDFC Bank issues restructuring guidelines for retail loans

Both banks are also offering to extend the balance tenure of the loan by a maximum of 24 month…

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Facebook-backed Meesho lays off 150 employees in restructuring of grocery business

Facebook-backed ecommerce company Meesho has laid off 150 employees from its grocery business, whic…

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iRobot lays off 10% workforce amid $1.7 billion Amazon acquisition

Global consumer robot company iRobot, acquired by Amazon for $1.7 billion last week, has laid off 1…

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Criteo is restructuring as it prepares for a cookie-less world

Business Insider's top advertising and media stories for February 4.

Lauren Johnson