Stay updated with the latest layoff news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on layoff topics.
US President Donald Trump's $100,000 fees hike for specific H-1B visa hires has sparked debate among various industry representatives, with many expressing their views on its effects on the US economy. Xavier Fernandes, the founder of the immigration agency Y-Axis, stated that the policy might be more detrimental to the US than beneficial. In an interview with CBS News programme on India's IT sector and H-1B visas, Fernandes said, "It's definitely America's loss. Many CEOs are from Hyderabad. ...Read More >
New Delhi: Entertainment conglomerate Walt Disney is planning to cut up to 1,000 jobs in the coming weeks, with a significant number of layoffs likely in its marketing division, according to a report. The Wall Street Journal said, citing sources, that the plans for the job cuts were initiated before Josh D'Amaro took over as the company's chief executive officer in March. The layoffs are expected to impact less than 1 per cent of Disney's total workforce. The company had around 231,000 employe ...Read More >
New Delhi, April 9: Entertainment conglomerate Walt Disney is planning to cut up to 1,000 jobs in the coming weeks, with a significant number of layoffs likely in its marketing division, according to a report. The Wall Street Journal said, citing sources, that the plans for the job cuts were initiated before Josh D'Amaro took over as the company's chief executive officer in March. The layoffs are expected to impact less than 1 per cent of Disney's total workforce. The company had around 231,000 ...Read More >
New Delhi: Fresh reports suggest Amazon may not be done with job cuts yet. After slashing around 16,000 roles earlier this year, the tech giant is now expected to lay off another 14,000 employees as early as May 2026. If this happens, the total number of jobs lost in less than a year could climb close to 30,000. The company is said to be in the middle of a major internal reset. Amazon is shifting its focus toward artificial intelligence, tighter cost control, and streamlining operations. This m ...Read More >
Layoffs have swept through the tech industry, with Oracle recently cutting around 30,000 jobs globally as part of a major restructuring exercise. As many laid-off employees shared their experiences, one post stood out for its calm and practical approach. A former Oracle employee, who had worked in the tech industry for 14 years, faced sudden unemployment but chose to return to his hometown of Bhubaneswar rather than panic. Nayak Satya, who shared the story on X (formerly Twitter), described ho ...Read More >
New Delhi: The latest round of layoffs at Oracle has left many employees in India dealing with uncertainty. Several accounts online suggest that the job cuts were sudden, with impacted workers receiving early morning emails instead of direct conversations. In some teams, employees across levels including managers were reportedly affected, making the situation more difficult for those caught off guard. While the company has not officially shared region-wise numbers, discussions across forums ind ...Read More >
Nites has argued that although tech profits remain strong, weakening job security raises serious questions about corporate responsibility and accountability IT employees' body Nites has exhorted tech firms to prioritise reskilling over layoffs, while calling for policy intervention to bring stronger safeguards and mandatory severance norms to protect white-collar workers, as aggressive AI build-outs by industry trigger job cuts and uncertainty for workforce. Nascent Information Technology Empl ...Read More >
New Delhi, April 5: IT employees' body NITES has exhorted tech firms to prioritise reskilling over layoffs, while calling for policy intervention to bring stronger safeguards and mandatory severance norms to protect white-collar workers, as aggressive AI build-outs by industry trigger job cuts and uncertainty for workforce. Nascent Information Technology Employees Senate (NITES) has argued that although tech profits remain strong, weakening job security raises serious questions about corporate ...Read More >
CPI(ML) Liberation MP Raja Ram Singh has called upon the Labour and Employment Minister to address Oracle Corporation's mass layoffs in India, which have impacted 12,000 employees. Singh criticized the company's actions and urged the government to protect workers' rights and hold corporations accountable. In a stern letter to the Labour and Employment Minister, CPI(ML) Liberation MP Raja Ram Singh expressed his alarm regarding mass layoffs executed by Oracle Corporation in India, urging prompt ...Read More >
New Delhi: The rise of advanced artificial intelligence (AI) is no longer a distant disruption; it is reshaping the global job market. Recent layoffs at tech giants such as Oracle, Amazon and Meta point to a structural shift rather than isolated cost-cutting measures. Oracle announced job cuts on March 31 that could affect up to 30,000 employees, nearly 18.5% of its global workforce of 162,000. The layoffs are expected to impact mid- to senior-level staff, particularly those with over a decade ...Read More >
New Delhi, Apr 3 (PTI) CPI(ML) Liberation MP Raja Ram Singh wrote to Labour and Employment Minister Mansukh Mandaviya on Friday, raising concerns over the mass layoffs effected by Oracle Corporation in India and demanding urgent government intervention to safeguard workers' rights. In his letter to the minister, Singh expressed "deep concern and outrage" over the reported layoff of 12,000 employees by the software giant, saying the move raises "serious questions not only about corporate account ...Read More >
Oracle India layoffs: US tech giant Oracle has been facing backlash online for filing thousands of foreign workers' petitions at a time when it laid off approximately 30,000 employees. The tech company filed for more than 3,000 petitions to employ H-1B workers in 2025 and 2026, and this has been criticised by American workers. US IT firm Oracle announced a brutal layoff impacting around 30,000 workers in an early morning email on March 31, informing the staff that it was their last working day. ...Read More >
Mumbai, April 2: Rizwan Sajan, the founder and chairman of the Dubai-based Danube Group, has publicly dismissed fears of layoffs within his organisation. In a message shared on Instagram earlier this week, the Indian-born billionaire pledged that his workforce of over 6,000 employees would remain secure despite growing regional tensions and economic uncertainty in West Asia. The announcement comes on the heels of the high-profile launch of "Shahrukhz by Danube," a 55-storey luxury commercial to ...Read More >
Mumbai, April 2: Oracle Corporation has commenced what analysts estimate to be the largest round of layoffs in its history, with reports suggesting up to 30,000 positions could be eliminated globally. The workforce reduction, which began early Tuesday morning, March 31, impacts approximately 18 per cent of the company's 162,000-strong staff. Affected employees in India and the United States reported receiving termination notices via email at 6:00 AM IST and 3:00 AM PT, respectively, citing "broa ...Read More >
INDIA: A 6 a.m. email erased 20 years of service for some workers in India following the Oracle layoff of 12,000 in the country, which is part of a larger global reduction impacting approximately 30,000 workers or roughly 18% of its workforce. A post on Instagram says: "No warning. No HR call. No manager meeting. Oracle employees across India woke up to a termination email at 5 or 6 AM with immediate effect." It also laments that the cut involves 12,000 jobs in India alone. "Just got an email ...Read More >
Bengaluru: The dreaded 6 am emails from Oracle leadership, along with the sudden revocation of VPN and Slack access, have come to define the ongoing layoffs in India. An estimated 10,000-12,000 employees in India -- out of its 50,000-strong workforce -- are likely to be affected, according to industry sources, while globally the company is said to be cutting around 30,000 roles.India, often described internally as a second headquarters for Oracle, is now bearing the brunt of the company's aggres ...Read More >
New Delhi, April 1 (SocialNews.XYZ) A regular weekday morning turned into a moment of shock for thousands of employees at Oracle Corporation, as reports of large-scale layoffs surfaced. According to multiple reports, employees across teams began receiving termination emails as early as 6 AM. What started as a normal workday quickly turned into confusion and uncertainty, with many workers trying to understand the sudden decision while the news spread rapidly online. Reports suggest that the co ...Read More >
Mumbai, April 1: Oracle began a round of layoffs on March 31, affecting thousands of employees globally as the company restructures to support its heavy investments in artificial intelligence infrastructure. Among those let go was Dan Williams, who had spent 25 years at the software giant. In a LinkedIn post published shortly after receiving his termination email, Williams described the sudden news and offered a message of resilience to fellow colleagues facing the same situation. Williams, who ...Read More >
BENGALURU: US-based IT giant Oracle has begun a major round of layoffs that has now reached India, with an estimated 2,000 to 2,500 employees reportedly affected as part of a wider global workforce reduction, though some reports say the number could be as high as 12,000. The latest cuts are part of a broader plan that could affect around 30,000 employees worldwide. With another round of layoffs reportedly possible within the next month, uncertainty continues to grow among employees in India and ...Read More >
Mumbai, April 1: Sports technology firm Teamworks announced the acquisition of Pro Football Focus's (PFF) data and analytics platform on Monday in a reported nine-figure deal. The transition, however, has been marked by significant internal restructuring, with PFF leadership confirming mass layoffs during an all-hands meeting. The sale, orchestrated by PFF majority owner and NBC broadcaster Cris Collinsworth, marks a major pivot for the 20-year-old analytics pioneer, shifting its focus toward in ...Read More >
New Delhi: Fresh reports of layoffs at Oracle are drawing sharp reactions online, after a viral post claimed that a long-serving employee battling cancer was dismissed through an email with no prior conversation. The claim surfaced on a Reddit forum, where a user alleged that their father, who had worked at Oracle for 20 years under the same manager, was informed of his termination solely via email. The post has since triggered widespread criticism over how companies handle layoffs, especially ...Read More >
New Delhi: US-based IT firm Oracle is believed to have laid off approximately 12,000 staff in India, with another round of layoffs expected within a month, impacted employees said on Tuesday. Globally, the company has fired around 30,000 employees. "In India, around 12,000 employees have been laid off. The company is planning another mass layoff within a month," said two people impacted by the retrenchment, including one from the company's human resource department. The company has approximatel ...Read More >
NEW DELHI: US-based IT firm Oracle is believed to have laid off approximately 12,000 staff in India, with another round of layoffs expected within a month, impacted employees said on Tuesday. Globally, the company has fired around 30,000 employees."In India, around 12,000 employees have been laid off. The company is planning another mass layoff within a month," said two people impacted by the retrenchment, including one from the company's human resource department. ...Read More >
New Delhi, Mar 31 (PTI) US-based IT firm Oracle is believed to have laid off approximately 12,000 staff in India, with another round of layoffs expected within a month, impacted employees said on Tuesday. Globally, the company has fired around 30,000 employees. "In India, around 12,000 employees have been laid off. The company is planning another mass layoff within a month," said two people impacted by the retrenchment, including one from the company's human resource department. The company h ...Read More >
Bengaluru, March 31: After weeks of speculation, fresh reports indicate that Oracle Corporation has initiated a new round of layoffs, impacting multiple teams across regions, including India. Employees claim the layoffs were abrupt and communicated through early morning emails, some arriving as early as 5 AM to 6 AM, leaving little room for preparation or response. Several employees shared their experiences on platforms like Blind and Reddit, describing a sudden and impersonal process. Accordin ...Read More >
Bengaluru, March 31: Fresh concerns over potential layoffs at Oracle Corporation in India have triggered anxiety across the tech sector, after multiple employees claimed they were abruptly terminated early Tuesday morning through emails sent around 6 AM IST. According to posts circulating on platforms like Reddit and other online forums, several employees reported being locked out of their work systems almost immediately after receiving termination emails. The sudden and impersonal nature of th ...Read More >
Mumbai, Dec 17 (PTI) Markets regulator Sebi on Wednesday approved a comprehensive overhaul of mutual fund regulations, including changes to the expense ratio framework and limits on brokerage charges, to boost transparency. The proposals are aimed at bringing regulatory clarity, reducing redundancies, and promoting ease of compliance. In its board meeting, Sebi has cleared a proposal to exclude all statutory levy -- STT (Securities Transaction Tax), GST (Goods and Services Tax), CTT (Commodity ...Read More >
Bengaluru: Vipan Joshi, chief financial officer at Aakash Educational Services Ltd, has resigned effective 31 October, two people aware of the development said, adding to a leadership churn as the company proceeds with a rights issue. Joshi tendered his resignation about six months earlier, they said. A spokesperson for Aakash confirmed on a call on Tuesday that Joshi had stepped down. Mint reached out to Joshi through calls and text messages but he did not respond. Joshi said in a post on Lin ...Read More >
New Delhi: After spending more than two decades at Microsoft, 62-year-old Joe Friend found himself facing an unexpected twist in his career -- a layoff in May that upended his retirement plans. Nearly six months later, Joe is still figuring out his next move. One thing he's certain about, though, is that his journey in Big Tech has come to an end, according to a Business Insider report. Earlier this year, Joe Friend -- who worked as a director of product management leading a team of nine -- sta ...Read More >
BENGALURU -- The US Federal Reserve will lower its key interest rate by 25 basis points (bps) next week and again in December, according to a Reuters poll of economists who remain deeply divided on where rates will be by the end of next year. A month ago, economists had expected just one more cut this year. But the new forecast follows a recent shift in expectations by Fed policymakers toward additional reductions. Caught between the dual risks of already-elevated inflation climbing higher due ...Read More >
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