Nike Is Latest To Join Layoffs Spree, To Slash Over 1,600 Jobs | Companies News

[ad_1] New Delhi: Nike, a popular sportswear company, has announced its decision to lay off around two percent of its workforce, totaling more than 1,600 employees. This move aims to reduce expenses and allocate resources to key areas of investment. Internal Memo Reveals Layoffs In an internal memo obtained by The Wall Street Journal, Nike’s … Read more

US-Based Grocery Delivery Company Instacart To Lay Off 250 Workers In Restructuring Exercise

[ad_1] Instacart’s COO Asha Sharma also informed the company to resign from her position, effective March 1, 2024. The company does not plan to hire or appoint a new COO at this time.  What are the characteristics and temperament of large Japanese dog breeds?

Indian Startups Raised $732 Mn Across 107 Deals In January 2024 Amid Layoffs | Companies News

[ad_1] New Delhi: In January 2024, Indian startups faced challenges such as layoffs, shutdowns, and top-level exits, yet they managed to secure $732.7 million across 107 deals. According to data from TheKredible, there were 70 early-stage deals amounting to $314.4 million and 21 growth-stage deals worth $418.3 million. However, 16 rounds of funding remained undisclosed. … Read more

iRobot To Fire 350 Employees As Deal With Amazon Is Killed | International Business News

[ad_1] New Delhi: Consumer robot maker iRobot has announced layoffs of nealy 350 employees with founder and CEO Colin Angle also expected to step down. This constitutes approximately 31 percent of the entire workforce.. The company (iRobot) has taken this move to improve profitability and key growth.  The layoffs come a day after the mutual … Read more

Layoffs Might Get Worse This Year, 98% Surge in US Layoffs Last Year Reports Claim | International Business News

[ad_1] New Year: As per a report published by professional outplacement firm Challenger, Gray and Christmas revealed that US companies planned  721,677 job cuts last year, a 98% jump from 363,832 layoffs reported in 2022. Companies like Meta and Amazon, high-profile tech companies, slashed jobs last year. The report said, around 168,032 employees were … Read more