Company layoffs articles
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Byron Allen's Allen Media Group facing layoffs across all divisions of the company
Allen Media Group, the company owned by TV mogul Byron Allen, is set to undergo a significant round of layoffs that will affect all divisions of the business. "Allen Media Group is making strategic changes to better position the company for growth that will result in expense and workforce reductions across all divisions of the company," a spokesperson said Thursday in a statement to The Times. "Allen Media Group's brands continue to perform well and in many areas our revenue growth has greatly...
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Ola Cabs CEO Hemant Bakshi resigns; company to layoff 200 employees
Ola Cabs chief executive Hemant Bakshi is leaving just three months after the ride-hailing company publicly announced his appointment, with founder Bhavish Aggarwal once again taking over the reins at the firm, people in the know told ET.The company will also undertake a restructuring that will see at least a 10% reduction in headcount, impacting about 200 employees, the people said.Bakshi joined Ola Cabs in the middle of September 2023, but the company publicly announced it only in January this...
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Google layoffs: Sundar Pichai-led company fires entire Python team for ‘cheaper labour’
Google layoffs: Google has laid off several employees in the past few weeks. The company witnessed recent cuts in its Python section as the entire team was laid off owing to Google's plan to reduce costs by hiring less expensive labor outside the United States, Free Press Journal reported. The company plans to set up a new team in Munich, Germany which would act as "cheaper" labour, the report claimed.: Elon Musk's big wins in China: Hurdles cleared, Baidu pact and this breakthroughAs per the...