Headcount articles
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Peloton CEO steps down, fitness unicorn to slash headcount by 15%
Peloton’s chief executive officer is stepping down from the role as the fitness company plans to cut roughly 15% of its global workforce. Chief Barry McCarthy told Peloton’s roughl
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HCLTech bucks trend again, headcount rises by 2,725 employees
HCLTech, country’s third largest IT services provider, bucked industry trends to report a rise in headcount of 2,725 employees for the final quarter of FY24.The total employee base stood at 227,481 at the end of March 2024. In the preceding quarter, its employee count was at 224,756 ending December.“This is one of the years we have bucked the trend of adding headcount in the year,” Ramchandran Sundararajan, chief people officer at HCLTech, in a post results conference call.For the full year as...
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Meta’s Ad Business Is Still Surging As Headcount Ticks Upward
Meta Platforms saw advertising revenue grow to $35.6 billion during the first quarter of 2024. That's up 27% compared to the same three-month period last year. Following chief executive Mark Zuckerberg's cost-cutting “year of efficiency,” which involved mass layoffs, the parent company of Facebook, Instagram and WhatsApp now has 69,329 employees, down 10% compared with the same period in 2023, but up from the previous quarter.