Amazon posts USD 3.2-bn profit as it goes through multiple layoffs

Apr 28, 2023

The e-commerce giant on Thursday reported a profit of USD 3.2 billion for the first quarter, far exceeding analysts' estimates, CNN Business reported on...

IT services firm Accenture to slash 19, 000 jobs worldwide

Mar 24, 2023

As mass layoffs continue to remain prevalent globally, another IT firm Accenture has planned to slash at least 19, 000 jobs worldwide due to...

Google may soon opt for layoffs as it introduces new performance management system: Report

Nov 23, 2022

The new performance management system, once implemented early next year, could make way for human resource managers to push thousands of underperforming Google employees,...

McDonald's temporarily shuts US offices as it prepares layoff notices

Apr 03, 2023

Fast-food chain McDonald's is temporarily closing its US offices as it prepares to inform corporate employees about its layoffs as part of its restructuring,...

Amazon begins mass layoffs in US

Nov 17, 2022

The New York Times this week reported that Amazon was planning to lay off approximately 10,000 employees in corporate and technology roles. The report...

Meta plans to fire 10,000 employees in second round of mass layoffs

Mar 14, 2023

The latest layoffs, announced on Tuesday, come after Meta said in November that it was eliminating approximately 13% of its workforce, or 11,000 jobs,...