Friday, April 19, 2024
Outlook.com
Outlook India
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Tech Layoffs

This is the second round of layoffs at the company this year

The healthtech reportedly laid off around 160 employees

Practo has raised nearly $250 million and is currently valued at $418 million

Prior to this, Harappa, another upGrad-owned edtech company laid off 60 employees at the beginning of the year

In September 2022, the company laid off around 11 per cent of its workforce as part of its restructuring plan

The Sanchiconnect's new initiative aims to bridge the gap between a company and the candidates through its CloudHR

GoDaddy offered transition packages to the impacted employees

Subscribers were informed via email about the update in the terms and conditions which will be effective from Wednesday

The Indian government banned TikTok in 2020 citing the issue of national security

Along with the layoffs, the CEO also announced a 98 per cent pay cut for himself