Photo: India Today
CEO Sundar Pichai Hints Another Lay Off At Google
Google CEO Sundar Pichai hints another mass lay offs at the company. In an interview, Pichai said, the focus is on moving people to its most important areas and he did not rule out the possibility of another mass layoff. Pichai said, the company is looking into all aspects to re-engineer the cost base in response. Furthermore, as of now, the company has laid off 6% of work force.
Tags: Work Force, Mass Lay Off, Sundar Pichai, Google, Tech giant
Courtesy: The Free Press Journal
Photo: Business Standard
Xiaomi Reportedly Fires Over 900 Employees Amid Economical Crisis
Amid the economical crisis due to the Covid-19 pandemic, Xiaomi reportedly fired more than 900 employees. On August 21, local media reported that the Chinese smartphone manufacturer Xiaomi fired close to 3% of its workforce. The company reported a sharp decline in the second quarter revenue and to control the expenses and crisis, let go of the employees. However, Xiaomi has not yet made this confirmation.
Tags: Xiaomi, Chinese Mobile, Work Force, Covid-19 Pandemic, Economic crisis
Courtesy: Zee News India
Photo: Website
Crypto Exchange Company Coinbase Fires 18% Work Force Amid Recession
In the view of recession, the leading crypto exchange Coinbase announced to lay off 18% of its workforce, Due to the economic crisis, Coinbase's CEO Brian Armstrong, said the company over-hired and considering the financial situation had to lay off over 1,000 employees. "We always plan for the worst so we can operate the business through any environment," said Armstrong. Notablym, in 2021, the company had 1,250 employees.
Tags: business, Economic crisis, Market Recession, Coinbase, Work Force
Courtesy: The Free Press Journal
