Telecom giant Nokia Oyj may reportedly cut up to 14,000 jobs. Reason: The reduced investment in 5G mobile infrastructure from the US and European operators is said to be weighing on the company. While the Espoo, Finland-based mobile network company has confirmed the job cuts, it has not revealed the exact number of positions that …
has announced its second round of layoffs this year. The division is shedding around 668 workers from across its engineering, product, talent and finance teams. “While we are adapting our organizational structures and streamlining our decision making, we are continuing to invest in strategic priorities for our future and to ensure we continue to deliver …
Google is reportedly cutting hundreds of jobs at its global recruiting organisation. The latest round of job cuts at the company are part of a broader pullback in hiring over the next several quarters. In a statement, Google said that the “volume of requests for our recruiters has gone down”. The company, however, declined to …
The decline in smartphone sales has had a negative impact on component vendors like Qualcomm. In Q3 of 2023, Qualcomm’s sales of mobile chips decreased by 25% compared to the previous year, totaling $5.26 billion. Additionally, the net income dropped by 52% year over year in the last quarter. Qualcomm anticipates a further decline in …
Crypto firm Circle has recently announced layoffs and a shift in focus towards core business activities. The exact number of layoffs is unknown, but Circle had approximately 900 employees as of the end of last year. This decision comes as the company aims to refocus its efforts and streamline operations. According to a report by …
Byju’s founder and CEO, Byju Raveendran, delivered a comprehensive address to the company’s employees during a town hall meeting. He emphasized the need to shed light on recent developments, such as the resignations of Deloitte (the company’s auditor) and certain board members, as well as the challenges surrounding loan renegotiations.The company has recently experienced high-level …
Xiaomi India is taking steps to reduce its workforce, aiming to bring the number of employees under 1,000 in India. This move is part of an internal restructuring process that Xiaomi India is currently undergoing. At the beginning of 2023, Xiaomi India had a workforce of approximately 1,400 to 1,500. In order to reach their …