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Wednesday Feb 08, 2023

Tag: Layoffs

Dell Layoffs | Dell announced layoffs, 6650 employees will be laid off

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Dell

New Delhi. Due to the worldwide recession, many big companies are laying off. Which includes many companies including Amazon, Facebook, Twitter, Microsoft and Infosys. Now the name of Dell Technologies has also been included in these. Dell has decided to reduce its workforce by 5 percent worldwide. The company is about to lay off about 6,650 employees.

As per media reports, the company is facing tough market conditions. Due to which he has taken this decision. The company says that this situation is depending on the market situation due to which the business of the company is being affected. The plan will be implemented when the company will have to bear its loss directly in the future as well.

The company says that it has faced economic downturn in the past as well and has emerged stronger. The company had announced similar layoffs in 2020 as well, when the Covid pandemic hit.



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Job Layoffs | Philips again cut 6,000 jobs, cut 4,000 jobs three months ago

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Delhi: On the one hand, where many tech companies of the world cut jobs, now Philips also announced large-scale layoffs on Monday. The company said that due to the continuous losses in the company, 6,000 jobs will be lost worldwide (Job Layoff). This is the second biggest layoff announcement by the company after the company announced about 4,000 job cuts about three months ago. The company’s CEO Roy Jacobs has said that the company will lay off these employees by 2025. Company CEO Jacobs said in a statement that 2022 will be a very difficult year for Philips and our shareholders, who are taking these steps to drive our improvement and performance.

This step had to be taken due to loss

The Amsterdam-based firm forecast a loss of 105 million euros ($114 million) for the fourth quarter of 2022 and a massive 1.6 billion euro loss for the year-ago period. Philips announced a mass recall of the machines used to treat people with sleep apnea in 2021. Philips CEO Roy Jacobs said in a statement that 4,000 jobs were being cut immediately to reduce production. This decision is difficult but necessary. We do not take this lightly and respect the employees affected.

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The company has gone through a lot of change

Jacobs said these actions need to be taken so that the company can see Philips’ growth potential and deliver returns for our shareholders. Philips, which started as a lighting company over 130 years ago, has gone through a lot of transformation in recent years. The company is now focusing on manufacturing healthcare products. The company sold off assets to focus on making high-end electronic healthcare products. Questions raised about some of the company’s products and subsequent recall announcements led to a further decline in the company’s market share.



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IBM Layoffs 2023 | After Google, Microsoft and Ford, large scale layoffs will happen in IBM, company will take out 3900 employees

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IBM, NSDC tie up to provide free digital skills training

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New Delhi : On the occasion of New Year, Google (Google) and Microsoft (Microsoft) had announced to shut down one of their services and products forever in January 2023 itself. Earlier, many giant companies like Amazon and Meta have done layoffs in their company on a large scale. At the same time, after the American carmaker Ford Layoffs, IBM has also joined this list of layoffs.

Due to the ongoing recession in the market, the process of retrenchment of employees in tech companies is not taking the name of stopping. Recently, many big tech companies have fired a large number of their employees for different reasons. So on the other hand, if we talk about the American company IBM, then this company has taken a big step on Wednesday.

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Thousands of employees will be out

Actually, this company has announced the layoffs of 3 thousand 900 employees (IBM Layoffs). Let us tell you that the effect of this decision of the company is also big on its stock. Because IBM shares fell up to 2% after the company announced layoffs. Not only this, the company’s stock closed at the level of 140.76 with a loss of 0.52% at the end of yesterday’s trading.

Why was the decision taken?

According to media reports, the company also told that this major decision has been taken after not being able to achieve revenue and its annual cash target in the fourth quarter results. Under which there will be retrenchment on such a large scale.



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Job Layoffs | Google will release 12000 people by paying 60 days salary, after Microsoft, now Google will lay off, read full news

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Delhi: On the one hand, where inflation has increased all over the world, on the other hand layoffs in big companies are not taking the name of stopping. Alphabet, a company of Google itself, has announced the removal of 12 thousand employees. Earlier, the talk of removing 10,000 people by Microsoft and 10,000 people by Amazon has come to the fore. Google’s company Alphabet reported on January 20 that it would cut about 12,000 jobs and plans to cut the company’s workforce.

immediate impact on american workers

Google CEO Sundar Pichai told employees in an email on Friday that he takes full responsibility for the decisions that have brought us to this position. “I am confident of the enormous opportunity ahead of us, given the strength of our mission, the value of our services and our early investments in AI,” Sundar Pichai said in an email. Google said that the immediate impact of the layoffs would be on US employees. The CEO of Google said that the company will make full payment to the employees for the notice period i.e. 60 days. Let us tell you that the report came out in November 2022, in which it was told that Google is identifying 6 percent of the worst performing employees.

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1.56 lakh people are employed

Let us tell you that this week before Google, Microsoft has announced the layoff of about 10,000 employees. Whereas, before that Amazon had also talked about ousting 10,000 people. Apart from this, Meta and Twitter have also cut their employees in recent months. It is believed that now Google has announced to take out all those 6 percent employees. By the end of 2021, around 1.56 lakh people have been employed in Google.



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Microsoft Layoffs 2023 | Microsoft will lay off on a large scale, 11000 employees will get ‘pink’ slips today

Posted in : Jobs Posted in : , , , , , , , , Posted on


microsoft

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New Delhi. According to the big news coming from the field of business and employment, Microsoft, the world’s number one software company, is going to lay off thousands of employees today. According to the information of private news agency Reuters, citing Sky News on the matter, Microsoft will sack 5% of its workforce or say around 11000 employees today.

There were layoffs last year as well

Significantly, in the last few days, there have been continuous reports of retrenchment of employees. Now the name of a giant company like Microsoft has also been added to this list. According to the information received, this is going to be the biggest layoff of the company so far. Last year also during the Corona period, Microsoft had laid off 1%. That is, in October last year, the company had taken out about 1000 employees. The consultant and customer and partner solutions departments were then hit by layoffs.

reason for layoff

On the other hand, if the Reuters report is to be believed on the matter, in fact, Microsoft is under heavy pressure regarding its cloud unit Azure. Due to the prolonged decline in the personal computer market, the company is also suffering a lot in sales of Windows and devices. According to another report, as of June 30, 2022, the company had 2,21,000 full-time employees, of which 1, 22,000 were serving in the United States and 99,000 in other countries of the world.

Be aware that in the first 6 days of January this year, a total of 30,611 people from 30 private companies have been fired like this. This includes, apart from Amazon, video hosting platform Vimeo, tech giant Salesforce, crypto exchange Huobi and several other large companies. At the same time, this move of Microsoft now indicates that there will be a shortage in technical sector jobs as well.



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Amazon Layoffs | Big blow to Amazon employees once again, company will show the way out to 18,000 people

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New Delhi : The world’s largest retail company Amazon has started the Amazon Layoffs process in its company on a large scale. The company has announced this through a letter. This is a big blow for Amazon employees because this time Amazon is going to retrench its employees on a larger scale.

issued note

Let us tell you that the CEO of the company Andy Jassy himself has given information about the retrenchment of the employees. Not only this, a note has also been issued by Andy Jessie. Through which it has been told that the company will lay off 18,000 employees.

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layoffs happened before

Significantly, earlier Amazon had announced the exit of its 10,000 employees. After which the truncation process was also done. Due to the global recession, companies all over the world are showing the way out to the employees.

This is how the layoff will happen

The job cuts at retail giant Amazon will be focused on Amazon’s devices unit, which includes voice-assistant Alexa, and its retail and human resources divisions, according to media reports.



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Amazon Layoffs | Amazon will lay off around 1,000 employees in India

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Amazon Layoff

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New Delhi. E-commerce company Amazon plans to lay off around 1,000 employees in India. The company is cutting down on layoffs across the globe and this is part of that.

Sources gave this information on Friday. The company is eliminating more than 18,000 positions worldwide due to uncertain economic conditions. Around 1,000 employees in the country will be affected by the company’s decision to eliminate 18,000 jobs globally, the source said.

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Another source said that Amazon has one lakh employees in India. One percent of the employees here will be affected by this decision. However, when asked about this, Amazon India spokesperson did not comment. But Amazon’s Chief Executive Officer (CEO) Andy Jesse has shared an article link. In the article, he has informed about the company’s decision to eliminate 18,000 positions globally.

Jessie wrote, “We plan to eliminate approximately 18,000 positions. Many groups will be affected by this decision. However, most of the positions are related to the Amazon Store and PXT (People, Experience and Technology) organization.”

Amazon had approximately 16,08,000 full-time and part-time employees working as of December 31, 2021. (agency)



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