Archives for layoff - Page 2
Several organisations have faced struggles doing business during this COVID-19 lockdown. Kabbage, a fintech startup focusing on SMEs, has been one such company which has laid off a significant number of their employees last month and has also closed down its India operations in the light of COVID-19 pandemic. According to a memo distributed by…
The post 20% Of Ex-Employees Of Kabbage India Land A Job Within 4 Weeks Of Layoff appeared first on Analytics India Magazine.
PayPal has recently announced their pledge of not laying off any employees due to the coronavirus pandemic. Joining the fight against coronavirus, CEO Dan Schulman said that the company, in an effort not to be a part of the recession chaos, announced to not layoff any employees amid the pandemic. Schulman said to the media…
The post Joining The Fight, PayPal To Take A No Coronavirus Layoffs Pledge appeared first on Analytics India Magazine.
According to a recent report by the Labour Department, approximately 3.3 million people filed for unemployment benefits for the week ending March 21. This is a record-breaking increase from the previous figures and is also the highest level of claims in recorded history. With the increasing fear of job losses looming amid COVID-19 pandemic, all…
The post All The Tech Companies That Have Pledged No Layoffs appeared first on Analytics India Magazine.
We have seen quite a few cases of layoffs recently in India, including many companies from the IT sector. The list contains Cognizant, Infosys, Deutsche Bank, Capgemini and UiPath, among others, and highlights the fact that full-blown recession may be upon us soon. A ripple effect starting with a slowdown in the economy post the…
The post BIG STORY: What The Layoffs By Cognizant & Infosys Mean For India’s Economy appeared first on Analytics India Magazine.
When UiPath recently announced 400 layoffs recently (about 15% of their entire workforce), it came as shocking news. That’s because the company had recently raised $568 million in its Series D round of funding at a valuation of around $7 billion. The incident has been compared to the WeWork, a sign of hype and overvaluation…
The post What UiPath Layoffs Mean For Robotic Process Automation Industry appeared first on Analytics India Magazine.
Brian Humphries, CEO of Cognizant has strongly denied reports stating a large number of job cuts across its offices in the world. As per news reports, Humphries sounded optimistic as he said that the IT company will continue to hire more talent in India and also abroad. He mentioned that Cognizant is growing and investing…
The post Cognizant CEO Plays Down Job Cuts Reports, Says Will Up Hiring In India appeared first on Analytics India Magazine.