Sunday, January 29, 2023
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Layoff

Prior to this, Innovaccer laid off nearly 8 per cent of its workforce (around 90 employees) in September 2022

In October 2022, Spotify laid off 38 employees from Gimlet Media and Parcast podcast studio

Hubilo earlier laid off 45 employees in 2022

Alphabet's job losses will affect teams across the company including recruiting and some corporate functions, as well as some engineering and products teams

Employees across departments, especially on-ground staff members were said to be impacted by the layoffs

Prior to this, Vimeo initiated layoffs in July last year

Founded in 2018, the edtech was acquired by Ronnie Screwvala led upGrad in July 2022 for Rs 300 crore

The comments by the IT minister are significant given the backdrop of slowdown headwinds in the West, the recent spate of layoffs by US tech giants, global market turmoil, and talks of tech winter

After a disappointing Q3 result, Meta's chief executive officer Mark Zuckerberg hinted at a possible slowdown in the hiring process and rationalisation in employee numbers

The edtech unicorn has plans to lay off around 2500 employees in the coming months