Amazon enters the ongoing trend of mass layoffs as the online shopping platform has planned to cut down jobs of around 10, 000 employees this week, as per several media reports. However, the exact number of job cuts still remains unknown.
Netizens on Saturday were bewildered at Twitter's new chief, Elon Musk tweeting in Hindi wherein he was reinforcing his move to charge USD 8 per month for blue tick users.
There is still no clarification on the severance payout for staff laid off in the country. These layoffs are a part of a global restructuring ordered by the social media platform's new owner Elon Musk.
Several images and videos went viral on social media in which two men carrying boxes were seen standing near the entrance of Twitter's San Francisco building, claiming to have been laid off by Elon Musk.
After closing the USD 44 billion acquisition deal on Thursday, Elon Musk has started to reform the policies of the micro-blogging platform and is wasting no time remodeling it by cutting off employees, and introducing plans for a council to determine content decisions.
After Elon Musk became Twitter's new owner, a pair of pranksters posing as laid-off Twitter employees tricked multiple media outlets as the public anxiously awaited news on whether Tesla CEO had begun axing staffers.
Washington [US], October 21 (ANI): Tesla CEO Elon Musk reportedly plans to lay off most of Twitter's workforce once his USD 44 billion deal for the social network goes through.
Bengaluru (Karnataka) [India], May 18 (ANI): Days after firing 200 contractual and full-time employees, edtech firm Vedantu has laid off 424 more people, Vedantu's Co-founder and CEO Vamsi Krishna announced.
New York [US], January 7 (ANI): According to new research by Cornell University, companies that invested more in employee training before the pandemic were less likely to lay off their employees and reduce their workforces to cope with pandemic-related financial pressures.
Washington [US], November 10 (ANI): As theme parks remain closed in California due to the COVID-19 pandemic, Disneyland has announced that it is furloughing more employees.
California [US], September 30 (ANI): Entertainment giant Disney on Tuesday announced that it will lay off 28,000 theme park jobs in the United States in the wake of the prolonged impact of the coronavirus pandemic.
New York [USA], Aug 26 (ANI): American Airlines has said it will lay off or involuntarily furlough 19,000 employees as of October 1 unless the airline industry gets more help from Congress.