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As more and more companies across the spectrum sack employees amid the global meltdown, at least 853 tech companies worldwide have laid off about 137,492 employees to date, and the tally is only going north amid recession fears. According to data from layoffs.fyi, a crowdsourced database of tech layoffs, 1,388 tech companies have fired a total of 233,483 employees since the onset of Covid-19, but 2022 has been the worst for the tech sector. As of mid-November, more than 73,000 workers in the US tech sector have been laid off in mass-level job cuts led by companies like <keyword id="399907" type="General" weightage="80" keywordseo="meta" source="Orion">Meta</keyword>, Twitter, Salesforce, Netflix, Cisco, Roku, and others. Robinhood, Glossier, and Better are just a few of the tech companies that have notably trimmed their headcount in 2022, according to Crunchbase. Big Tech companies like Amazon and PC and printer major HP Inc have joined the global layoff season and were set to lay off more than 10,000 and up to 6,000 employees in days to come, respectively. Amazon CEO Andy Jassy has warned employees that there will be more layoffs at the company in early 2023 "as leaders continue to make adjustments". The massive job cuts have hit several divisions, especially the Alexa virtual assistant business reportedly set to lose $10 billion this year as the voice assistant never managed to create an ongoing revenue stream. Alphabet, <keyword id="6355629" type="General" weightage="80" keywordseo="google" source="Orion">Google</keyword>'s parent company, is reportedly gearing up to lay off about 10,000 "poor performing" employees, or 6 per cent of its workforce. According to a report in The Information, Google plans to ease out 10,000 employees through a new ranking and performance improvement plan. In India, nearly 16,000 employees have been asked to go by about 44 startups, led by edtech companies like BYJU'S, Unacademy, and <keyword id="2016957" type="General" weightage="80" keywordseo="vedantu" source="Orion">Vedantu</keyword>, as VC funding dried up. Other tech startups and unicorns that have laid off employees in India include Ola, Cars24, Meesho, LEAD, MPL, Innovaccer, Udaan and more. Meanwhile, thousands of contractual employees have also been let go, making 2022 the harshest year for workers in the technology sector. The startup ecosystem's funding winter could last another 12 to 18 months and the industry may face "a lot of turmoil and volatility", <keyword id="6354742" type="General" weightage="80" keywordseo="flipkart" source="Orion">Flipkart</keyword> CEO Kalyan Krishnamurthy has warned. Indian startups are going through steep hiring cuts and the hiring of permanent employees has dipped by a significant 61 per cent in the last 12 months, according to the annual insights report by <keyword id="15395027" type="General" weightage="80" keywordseo="razorpayx-payroll" source="Orion">RazorpayX Payroll</keyword>, the business banking platform of Razorpay. Only two startups in India, Shiprocket and OneCard, attained unicorn status (valuation $1 billion and above) in the July-September period, according to the latest PwC India report. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/netflix-working-on-brand-new-aaa-pc-game-project/articleshow/95740337.cms">Netflix working on 'brand-new AAA PC game' project</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/binance-looks-to-hire-8k-people-by-2023-end-ceo/articleshow/95716850.cms">Binance looks to hire 8K people by 2023 end: CEO</a>

853 tech firms lay off over 137,492 workers globally, more job cuts coming

More than 32,000 tech workers have been laid off in the US till July this year, including at Big Tech companies like <keyword id="10387" type="General" weightage="80" keywordseo="microsoft" source="Orion">Microsoft</keyword> and <keyword id="399907" type="General" weightage="80" keywordseo="meta" source="Orion">Meta</keyword> (formerly Facebook) and the worst has not been over yet for the tech sector that has seen massive stock sell-off. According to the data compiled by Crunchbase, more than 32,000 workers in the US tech sector have been laid off in mass job cuts, as of late July. "We've included both startups and publicly traded companies that are based in the US. We've also included companies based elsewhere that have a sizable team in the United States, such as Klarna," the analysis said. The layoff includes ride-sharing platform Uber, <keyword id="128682" type="General" weightage="80" keywordseo="netflix" source="Orion">Netflix</keyword> and several cryptocurrency exchanges and lending platforms. Robinhood, <keyword id="4522875" type="General" weightage="80" keywordseo="glossier" source="Orion">Glossier</keyword> and Better are just a few of the tech companies that have trimmed their headcount this year. Since April 1 this year, more than 43,000 workers from 342 tech companies/startups have been laid off across the world and over 13 per cent are from <keyword id="3658" type="General" weightage="100" keywordseo="india" source="Orion">India</keyword>, according to latest data compiled by layoffs.fyi, a website that tracks layoffs in startups. In India, more than 25,000 startup workers have lost jobs since the pandemic began -- and more than 11,500 have been fired this year. The layoffs in India are dominated by edtech platforms like Unacademy (1,150 employees), BYJU'S (550 at Toppr and <keyword id="8080458" type="General" weightage="80" keywordseo="whitehat-jr" source="Orion">Whitehat Jr</keyword>) and <keyword id="2016957" type="General" weightage="80" keywordseo="vedantu" source="Orion">Vedantu</keyword> (624), along with ride-hailing platform <keyword id="6354720" type="General" weightage="80" keywordseo="ola" source="Orion">Ola</keyword> (nearly 500), healthcare startup MFine (600) and pre-owned cars platform Cars24 (600), among others. The other Indian startups and unicorns that have laid off employees are Meesho, MPL, Trell and Blinkit (now owned by <keyword id="830092" type="General" weightage="80" keywordseo="zomato" source="Orion">Zomato</keyword>), among others. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/amazon-great-freedom-festival-date-announced-sale-starts-august-6-onwards/articleshow/93268050.cms">Amazon Great Freedom Festival date announced - sale starts August 6 onwards</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/health/news/swine-flu-resurfaces-in-keralas-wayanad-first-time-in-kannur/articleshow/93267832.cms">Swine flu resurfaces in Kerala's Wayanad, first time in Kannur</a>

Over 32K tech workers fired in US, more than 11K in India this year

<keyword id="1464841" type="General" weightage="50" keywordseo="edtech" source="Orion">Edtech</keyword> giant <keyword id="2900267" type="General" weightage="80" keywordseo="byju" source="Orion">BYJU</keyword>'s on Wednesday said that the $1 billion acquisition process of <keyword id="3406091" type="General" weightage="50" keywordseo="aakash-educational-services" source="Orion">Aakash Educational Services</keyword> is on track and is expected to be completed by August. BYJU's acquired Delhi-based offline test preparatory services provider <keyword id="6380190" type="General" weightage="100" keywordseo="aakash" source="Orion">Aakash</keyword> for $1 billion last year. The company was reacting to reports that Blackstone and other shareholders of Aakash are yet to be paid in both cash and stock as it has deferred the payment. A company spokesperson told IANS that the acquisition of "Aakash is fully on track and all payments are expected to be completed by the agreed upon date, i.e., August 2022". "Aakash is our most successful acquisition till date and we are very proud to have them in our fold," the company spokesperson added. "Along with all our group companies, we continue to be perfectly poised to provide access to quality education in all learning segments from early learning to exam prep and career success, the spokesperson said. Aakash Educational Services provides test preparation services for medical and engineering entrance exams, school/board exams, and other exams via Aakash Centres. The edtech unicorn made at least 10 acquisitions for a cumulative transaction value of about $2.5 billion last year. The latest development at BYJU's comes as the Indian edtech market is shrinking with reopening of schools, colleges and physical tuition centres. Led by the edtech platforms like Unacademy, <keyword id="8080458" type="General" weightage="50" keywordseo="whitehat-jr" source="Orion">WhiteHat Jr</keyword>, <keyword id="2016957" type="General" weightage="50" keywordseo="vedantu" source="Orion">Vedantu</keyword>, FrontRow, Udayy, Lido Learning and others, over 10,000 start-up employees have been laid off in the country. In April, Unacademy laid off nearly 600 employees, contractual workers and educators, about 10 per cent of its 6,000-strong workforce across the group. In June, Unacademy said that a small fraction of its workforce (2.6 per cent or nearly 150 employees) was asked to go as part of a performance improvement programme (PIP). ALSO SEE <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/razorpay-rejigs-top-leadership-team-after-cofounder-moves-out-of-cto-role/articleshow/92537894.cms">Razorpay rejigs top leadership team after cofounder moves out of CTO role</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/ecommerce/news/after-groceries-in-10-minutes-most-indians-want-their-shoes-delivered-in-2-hours/articleshow/92539964.cms">After groceries in 10 minutes, most Indians want their shoes delivered in 2 hours</a>

Byju's says Aakash acquisition on track after reports that it has failed to pay  up

India, November 18th, 2021: With schools being shut, students have explored different ways to keep their creative juices flowing and used the available resources to stay engaged, inspired, and motivated. As part of its Children Day initiative, <a href="https://www.vedantu.com/">Vedantu-</a> a pioneer in LIVE online learning has partnered with visual communications platform, <a href="https://www.canva.com/">Canva</a>, to launch a first-of-its-kind Design Challenge in India, with a design bootcamp to educate school students on the essentials of creativity and design thinking. The design bootcamp sessions will be conducted by experts from <keyword id="3098118" type="General" weightage="20" keywordseo="canva" source="Orion">Canva</keyword> and <keyword id="2016957" type="General" weightage="20" keywordseo="vedantu" source="Orion">Vedantu</keyword> Master Teachers. With this collaboration, Vedantu aspires to celebrate the creativity, curiosity and exploration of children and teachers across the country. Since the pandemic, LIVE online learning has seen a massive adoption. Teachers have also gone above and beyond their duty to conduct classes through different mediums available. They have emerged as digital content creators and EdTech professionals who are experts in mentoring students in an online teaching space. <div type="ExtQuote" text="We strive to provide the best-in-class education and opportunities to our students that are beyond academics. Through this partnership with Canva, we will further our vision of unleashing the potential in every child. This will enable us to provide our students access to a platform to fuel their creative minds and we are thrilled to explore this. We will continue to innovate to reach as many students as possible and create better experiences and outcomes for every child across the country" auname="Pulkit Jain, Co-founder &amp; head of new initiatives, Vedantu"></div> <div type="ExtQuote" text="We’re excited to partner with Vedantu to inspire creativity, design, and visual thinking in students across a range of ages. Our mission is to democratise design and empower everyone to create and we look forward to seeing the Design Challenge unlock all types of creativity" auname="Zach Kitschke, CMO, Canva"></div> The theme for the first edition of the Design Challenge is #GoingBacktoSchool and is open to all students across the age group of 6-18 years. The challenge will ask r students to create an artwork on Canva that truly resonates with the theme. Students are required to submit a design which focuses on what is so special about #GoingBackToSchool for them, with the templates available on Canva for Education. The artwork created by students will be judged under three categories - <ul><li>Group 1: Junior School (Grades 2nd- 5th) - students to create a poster or invite</li><li>Group 2: Middle School (Grades 6th-8th) - students to create an infographic or a newsletter</li><li>Group 3: High School (Grades 9th-12th) - students to create a video or presentation</li></ul><cmsannotation type="cmsannotation" annotationid="Competition Schedule to keep in mind:" comment="subhead" text="Competition Schedule to keep in mind:">Competition Schedule to keep in mind:</cmsannotation> <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-width: 0.5pt; border-style: solid; border-color: rgb(0, 0, 0); vertical-align: top; padding: 0pt 5.4pt; overflow: hidden; overflow-wrap: break-word;">Date </td><td style="border-width: 0.5pt; border-style: solid; border-color: rgb(0, 0, 0); vertical-align: top; padding: 0pt 5.4pt; overflow: hidden; overflow-wrap: break-word;">Activity </td></tr><tr><td style="border-width: 0.5pt; border-style: solid; border-color: rgb(0, 0, 0); vertical-align: top; padding: 0pt 5.4pt; overflow: hidden; overflow-wrap: break-word;">14th November </td><td style="border-width: 0.5pt; border-style: solid; border-color: rgb(0, 0, 0); vertical-align: top; padding: 0pt 5.4pt; overflow: hidden; overflow-wrap: break-word;">Registrations &amp; submissions open </td></tr><tr><td style="border-width: 0.5pt; border-style: solid; border-color: rgb(0, 0, 0); vertical-align: top; padding: 0pt 5.4pt; overflow: hidden; overflow-wrap: break-word;">14 - 26th November </td><td style="border-width: 0.5pt; border-style: solid; border-color: rgb(0, 0, 0); vertical-align: top; padding: 0pt 5.4pt; overflow: hidden; overflow-wrap: break-word;">Registrations for Vedantu Masterclass </td></tr><tr><td style="border-width: 0.5pt; border-style: solid; border-color: rgb(0, 0, 0); vertical-align: top; padding: 0pt 5.4pt; overflow: hidden; overflow-wrap: break-word;">27th November </td><td style="border-width: 0.5pt; border-style: solid; border-color: rgb(0, 0, 0); vertical-align: top; padding: 0pt 5.4pt; overflow: hidden; overflow-wrap: break-word;">Commencement of Vedantu Masterclass on Creativity and Digital Art <ul><li>Grades 2-5 - <a href="https://vdnt.in/superschool37">https://vdnt.in/superschool37</a></li><li>Grades 6-8 - <a href="https://vdnt.in/superschool38">https://vdnt.in/superschool38</a></li><li>Grades 9-12 - <a href="https://vdnt.in/superschool39">https://vdnt.in/superschool39</a></li></ul></td></tr><tr><td style="border-width: 0.5pt; border-style: solid; border-color: rgb(0, 0, 0); vertical-align: top; padding: 0pt 5.4pt; overflow: hidden; overflow-wrap: break-word;">30th November </td><td style="border-width: 0.5pt; border-style: solid; border-color: rgb(0, 0, 0); vertical-align: top; padding: 0pt 5.4pt; overflow: hidden; overflow-wrap: break-word;">Deadline for Design Challenge submission </td></tr><tr><td style="border-width: 0.5pt; border-style: solid; border-color: rgb(0, 0, 0); vertical-align: top; padding: 0pt 5.4pt; overflow: hidden; overflow-wrap: break-word;">10th December </td><td style="border-width: 0.5pt; border-style: solid; border-color: rgb(0, 0, 0); vertical-align: top; padding: 0pt 5.4pt; overflow: hidden; overflow-wrap: break-word;">Announcement of winners </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table>*Students under the age of 13 years must have their entries submitted by a teacher or a parent. <cmsannotation type="cmsannotation" annotationid="How can students participate in the Design Challenge?" comment="subhead" text="How can students participate in the Design Challenge?">How can students participate in the Design Challenge?</cmsannotation> <ul><li>Students can visit <a href="http://canva.com/">Canva.c</a>om and create an account using their own or their parent's email address</li><li>Choose from the multiple templates available for Posters, Infographics, Presentations, Cards, and other suggested formats</li><li>Create their artwork on the theme #GoingBacktoSchool</li><li>If a student is under 13 years, we encourage them to share their Canva design link with a teacher or parent and ask them to submit the design. Students 13 years and above can directly submit their design link in the Application Form.</li><li>Students are reminded to write a few lines about their artwork, what it means to them and how it links back to the theme.</li></ul>For further information, please click- <a href="https://www.canva.com/competitions/india-creativity-challenge/">https://www.canva.com/competitions/india-creativity-challenge/</a> <cmsannotation type="cmsannotation" annotationid="About Canva:" comment="subhead" text="About Canva:">About Canva:</cmsannotation> Launched in 2013, Canva is a free online visual communications and collaboration platform with a mission to empower everyone in the world to design. Featuring a simple drag-and-drop user interface and a vast range of templates ranging from presentations, social media graphics, posters, apparel to videos, plus a huge library of fonts, stock photography, illustrations, video footage, and audio clips, anyone can take an idea and create something beautiful. Canva is available on desktop, web, iOS, and Android. <cmsannotation type="cmsannotation" annotationid="About Vedantu:" comment="subhead" text="About Vedantu:">About Vedantu:</cmsannotation> Vedantu, a pioneer in LIVE online learning in India. It offers individual and group classes across K-12 and test preparation segments. Students can take individual or group classes on its APP or website online. Classes are delivered in a LIVE Real-time, interactive ONLINE learning environment. Students &amp; parents can access free content, LIVE masterclasses across subjects, micro-courses, and daily assessments. 1 million+ students attend LIVE classes every month on the platform and more than 35 million users every month from 10,000+ cities and 50+ countries access free content, tests, doubts, videos on Vedantu's platform, and its channels on YouTube. To know more about Vedantu log on to <a href="https://www.vedantu.com/">https://www.vedantu.com</a> or download the application on your Android or iOS devices. For media queries: Khushboo Mehra | <a href="mailto:Khushboo@timesbridge.com">Khushboo@timesbridge.com</a> | +91 9871226459 Disclaimer: This post is in partnership with Canva

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853 tech firms lay off over 137,492 workers globally, more job cuts coming

IANS

Over 32K tech workers fired in US, more than 11K in India this year

IANS

Byju's says Aakash acquisition on track after reports that it has failed to pay up

IANS

Canva and Vedantu partner for a first-of-its-kind Design Challenge to unleash creativity in students

BI India Partner

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