Friday, November 8, 2024

layoff

Nike to cut over 1,600 jobs, streamline operations amid weaker profits

News
Nike has announced plans to reduce its total workforce by approximately 2%, amounting to over 1,600 jobs, in response to weaker profits this year, as the sportswear titan aims to trim expenses. Nike's global counterparts including Adidas,...

Cash-strapped Dunzo promises to settle outstanding payments to former employees by March-end

News
Google-backed delivery startup, Dunzo, plans to settle outstanding payments to former employees by 30 March. This decision comes after a challenging year marked by profitability issues and a liquidity crunch, as conveyed in an email to...

IPO-bound Swiggy initiates workforce reduction, plans to cut 6% of jobs to enhance profitability

News
IPO-bound food and grocery delivery major Swiggy has initiated another round of layoffs to streamline costs and pursue profitability, according to sources in the...

Post funding bonanza of $340 Million, Udaan lays off staff in major restructuring move

News
Udaan, the Bengaluru-based B2B ecommerce unicorn, has fired approximately 120 employees just within a week of securing $340 million in its Series E funding...

Deloitte raises doubt on Dunzo’s ability to continue as ‘going concern’

News
Deloitte, a leading consulting firm that conducted a financial audit for Dunzo, a cash-strapped startup in FY23, has stated that the company's viability as...

Dunzo’s leadership exodus continues: Co-Founder Mukund Jha steps down

News
Dunzo, the Indian quick commerce startup, continues to grapple with challenges. Just one day after the company officially announced the departure of Co-Founder Dalvir...

Foodpanda strives for agility with new layoffs amidst possible sale to rival Grab

News
On Friday, Foodpanda, a food delivery service headquartered in Singapore, officially announced its ongoing round of layoffs, emphasizing the continued importance of becoming "more...

Reliance Retail officially confirms Milkbasket’s merger with JioMart; dismisses layoff rumors

News
Reliance Retail-owned Milkbasket has taken significant strides towards streamlining its operations. As part of this endeavor, the company is currently in the process of...

Dunzo’s financial woes continue: Third round of layoffs to impact 20% of workforce

News
According to reports, Dunzo, the quick commerce startup, is anticipated to undergo another round of layoffs this week. Insiders familiar with the matter informed Moneycontrol...

Food ordering giant Grubhub to terminate nearly 400 employees in downsizing move

News
Grubhub, an American online food ordering company, has recently revealed its decision to downsize its workforce by approximately 15 percent, resulting in the termination...

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