Attrition
Salesforce reduces 300 jobs globally
Salesforce, a cloud-based software solutions provider, has reduced its workforce by up to 300 employees in July 2024 as part of its efforts to streamline operations, optimize its structure, and drive growth. The company did not specify which jobs or regions were affected. It’s interesting to note that Salesforce has experienced significant growth in Africa, particularly in South Africa and Morocco, where AI investments have yielded substantial returns. The company’s expansion in Africa is supported by strategic partnerships with firms such as Amazon’s cloud marketplace and collaborations with MTN, Vodacom, and Standard Bank. As of January 2024, Salesforce had 72,682 employees. Earlier this year, the company cut about 700 roles after a 10% reduction in the workforce at the...
1,000 positions to cut at Dyson’s offices in Britain.
1,000 positions to cut at Dyson's offices in Britain.
TCS’s attrition rate fell to 12.1% in the first quarter of FY25.
TCS's attrition rate fell to 12.1% in the first quarter of FY25.
Unacademy lays off 250 employees amid talks of a possible merger.
Unacademy lays off 250 employees amid talks of a possible merger.
Wipro fires 300 employees for moonlighting at competing companies.
Wipro fires 300 employees for moonlighting at competing companies.
Microsoft confirmed another round of layoffs across different teams.
Microsoft confirmed another round of layoffs across different teams.
Yes Bank restructures personnel and lays off 500 employees.
Yes Bank restructures personnel, layoffs 500 employees.
One97, the parent company of Paytm, begins layoffs amidst restructuring
One97 Communications, a major player in the fintech industry and the parent company of Paytm, has announced that it will be laying off an undisclosed number of employees. The company is offering support to help affected employees transition smoothly. Reports indicate that One97 Communications is working with more than 30 companies that are currently hiring, to assist employees who have expressed interest in finding new opportunities. The company outlined its strategy in its FY24 earnings release, revealing plans to streamline operations by cutting non-core business lines and adopting a leaner organizational structure through AI-driven initiatives. One97 Communications remains focused on achieving profitability as per its guidance. During the March 2024 quarter, Paytm’s sales employee...
Kissflow cuts 15% of its workforce due to strategic shifts.
Kissflow cuts 15% of its workforce due to strategic shifts.
Telstra plans to fire off 2,800 employees as part of cost-cutting initiatives.
Telecommunications firm Telstra to lay off 2,800 staff as part of cost-cutting initiatives.
Microsoft announces latest layoffs in its Azure and mixed reality unit, over 1,000 employees are affected.
Microsoft announces latest layoffs in its Azure and mixed reality unit, over 1,000 employees are affected.
Layoffs at John Deere to affect 650 employees.
Layoffs at John Deere to affect 650 employees.