New Delhi, April 18 (IANS) US tech giant Meta (formerly Facebook) is reportedly planning to lay off at least 10 per cent of its global workforce, or nearly 8,000 workers, next month.Further layoffs are planned in the second half of the year, according to a Reuters report. However, the details of those layoffs have not been known yet. The initial round in May is likely to reduce about 10 per cent of its global workforce.According to the report, the layoff plans may depend on the developments in t…
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New Delhi, April 17 (IANS) Global tech layoffs are accelerating in 2026, with more than 80,000 jobs already cut in the first quarter and total losses likely to exceed 3 lakh this year, led by companies like Oracle, Amazon, and Meta, according to a report.The report by TradingPlatforms noted that the latest wave of layoffs builds on a broader post-pandemic correction, with over one million tech jobs lost globally since 2021 as companies recalibrate hiring after the Covid-era expansion.Artificial …
New Delhi, April 17 (IANS) Billionaire industrialist Gautam Adani, Chairman of the Adani Group, has become Asia’s richest individual, overtaking Reliance Industries Chairman Mukesh Ambani, according to the latest Bloomberg Billionaires Index.Gautam Adani’s net worth rose to $92.6 billion, placing him 19th globally, while Mukesh Ambani slipped to the 20th position with a net worth of $90.8 billion.The reshuffle at the top highlights the ongoing volatility in global wealth rankings in 2026, am…
New Delhi, April 9 (IANS) 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 aroun…
San Francisco, March 31 (IANS) Cloud major Oracle on Tuesday began laying off employees worldwide, with several workers receiving an early-morning email announcing their job loss.According to a report in Fast Company, Oracle staff around the world began reporting on social media that they had received an email from the company, “informing them that their employment had been terminated”.The emails apparently began arriving in employees’ inboxes at around 6 am local time in the US.An Oracle …
New Delhi, March 14 (IANS) US tech giant Meta Platforms is reportedly considering another large round of layoffs as it seeks greater operational efficiency with more spending on artificial intelligence (AI) infrastructure.A Reuters report, citing people familiar with the matter, said that internal discussions have considered cuts of up to 20 per cent or more of Meta’s workforce, or 16,000 employees based on the company’s headcount of nearly 79,000 at the end of December.While Meta’s spokespe…
Bengaluru, March 11 (IANS) Bharatiya Janata Party MLA and BJP Yuva Morcha president Dheeraj Muniraju on Wednesday urged the Congress-led Karnataka government to set up dedicated data centre parks in Bengaluru and its outskirts.He cited reports that a Google data centre project had moved to Visakhapatnam in Andhra Pradesh instead of Bengaluru.Responding to the demand, Karnataka Minister for IT and Biotechnology Priyank Kharge said the Andhra Pradesh government had offered substantial subsidies fo…
New Delhi, March 9 (IANS) IT major Tech Mahindra on Monday denied social media rumours that it plans a large‑scale job cut, saying no such proposal is under consideration.”The company has received calls and has noted certain social media posts regarding a market rumour of a potential significant reduction in headcount,” the company said in an exchange filing.”In view of the above speculation, the company on its own accord considers it necessary to clarify to the Stock Exchanges that no such pr…
New Delhi, March 5 (IANS) US-based investment banker Morgan Stanley has reportedly laid off about 2,500 employees, or roughly 3 per cent of its global workforce, starting in early March, reports have said.The job cuts are not linked to artificial intelligence-related reforms but stem from shifting business priorities, a revised global location strategy and performance reviews of employees, according to a Wall Street Journal report, citing sources.The reported layoffs span across the bank’s thr…
Washington, March 5 (IANS) President Donald Trump has unveiled a new initiative aimed at powering the rapid expansion of artificial intelligence in the United States while preventing electricity costs from rising for households, bringing together some of the world’s largest technology companies in what the White House called a “Ratepayer Protection Pledge.”Speaking at a White House roundtable with executives from major tech firms on Wednesday (local time), Trump said the agreement would al…