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Layoffs

A Chronicle of 2023 Layoffs in Top Companies Across Globe

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A wave of unprecedented layoffs at major industry players is reshaping the corporate landscape for 2023. Significant workforce reductions have been the consequence of companies such as Alibaba, Meta, Disney, and others recalibrating their strategies in response to the economic uncertainties arising from the pandemic aftermath. There has been significant workforce reduction at companies such …

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Byju’s Announces Major Workforce Reduction: 4,000 Employees Impacted in Restructuring Drive

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Byju’s, the edtech giant, is undergoing a significant restructuring that will result in a reduction of its workforce. Approximately 4,000 employees, or 11% of its current 35,000-strong workforce, will be affected by these layoffs. The restructuring aims to simplify the company’s operational structure, cut expenses, and improve its cash flow to ensure long-term sustainability. This …

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Chargebee Announces 10% Workforce Reduction Due to Market Shifts

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Chargebee, attributing market changes as the primary driver, has decided to lay off approximately 10% of its global workforce. This workforce reduction is expected to impact around 100 to 120 employees across various departments within the company. Chargebee now aims to focus on its upcoming phase of more streamlined expansion, which entails restructuring and concentrating …

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