Swiggy is planning an IPO later in 2024, and it is looking to reduce cash burn from its Instamart grocery unit so it can present the "best possible numbers" when it goes public.
More than 7,500 tech jobs have already been eliminated in the first two weeks of 2024. The biggest layoffs announcement came from videogame software provider Unity Software, which said it would cut approximately 25% of its workforce, or 1,800 jobs.
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Engineers of cryptocurrency exchange platforms are being targeted by the Lazarus Group using the novel macOS malware known as KandyKorn.
Zen Studios, which was acquired by Embracer Group in 2020, has reportedly eliminated more than 30 roles as the video game company continues its restructuring process.
Logistics startup Convoy is expected to implement workforce cuts as the company looks to sell its brokerage business unit in the coming weeks.
Google and other tech companies are being pressured by a U.S. senator and the European Union as the Israel-Hamas war intensifies and news about the conflict – both accurate and misleading – proliferate the internet and social media.
The exact number of remaining employees at Expedia is unknown, but its LinkedIn page shows the company has more than 10,001 workers and over 21,800 of them are on the recruitment platform.
Taiwanese tech giant Foxconn and US hardware leader Nvidia said Wednesday they would team up to create "AI factories", powerful data processing centres that would drive the manufacturing of next-generation products such as electric cars.
Waymo has had two earlier rounds of workforce cuts, including in January, when its parent company Alphabet announced it was laying off around 12,000 employees.
Epic Games, which acquired the Oakland, California-based company just a year ago, laid off roughly half of the staff after finalizing its sale to Songtradr on Monday, reports said. An X user said only "three people are left" at the company's music blog Bandcamp Daily.
Stack Overflow has seen a decline in traffic in the past one and a half years, and though the company has taken "many steps" to cut costs this year, these measures haven't been enough.
Adda247 secured $35 million last year from Google and WestBridge, but a funding winter this year appears to have caught up with the edtech startup.
Flexport founder Ryan Petersen said the supply chain management company will begin the layoffs process Friday as Flexport seeks to "get back to profitability without raising prices or placing our fortress balance sheet at risk.
MariaDB is implementing another round of layoffs following a previous round of job cuts in April. The database company has been facing financial challenges and actively seeking funding in recent months.
Blue Origin has reportedly eliminated more than three dozen employees in its technology unit about a month after the aerospace firm cut human resources jobs.
Juniper Networks said it was looking to "reallocate resources" to ensure that the company's strategic priorities are efficiently managed.
DreamWorks Animation has laid off dozens of staff at four departments amid the company's preparations for the release of the third "Trolls" movie.
Telltale Games confirmed it has let go of some of its team members due to "current market conditions." It said all projects in development "are still in production."
Qualtrics is cutting its staff by the hundreds amid an organizational complexity driven by rapid hiring in the past years. The software company was acquired by Silver Lake in June.
The layoffs will reportedly happen in the customer experience unit. Twitch last reduced its workforce in March after its parent company Amazon announced it was eliminating around 9,000 roles.
TikTok parent ByteDance was, at one point, valued at $400 billion. The short-form video hosting service has been banned by various Western governments amid cybersecurity concerns and questions over its alleged links to Beijing.
"Hyenas," the Creative Assembly title that recently concluded its beta, has been canceled, Sega said Thursday. The studio has since confirmed that the title's cancelation may result in layoffs.
News of the layoffs came on the same day the U.S. Federal Trade Commission (FTC) said it would revive an internal case regarding Microsoft's bid to acquire the gaming behemoth.
Snapchat's parent company Snap said Wednesday it was shutting down its six-month-old ARES business. CEO Evan Spiegel said the company could no longer invest in the unit at this time.
Talkdesk was valued at $10 billion in mid-2021 after it secured $230 million in funding. But amid a wider tech reckoning, the software provider has implemented three rounds of workforce cuts since August 2022.
Dunzo, backed by Google and billionaire Mukesh Ambani's Reliance Industries, is reportedly cutting staff again after multiple layoff rounds earlier this year. The online delivery platform has been grappling with a funding crunch that reportedly delayed salary payments.
Lucid Software will also undergo other cost-cutting measures like reducing in-person company events and streamlining purchases, CEO Dave Grow told employees Monday.
The American chip giant had previously reduced its U.S. workforce, particularly in its San Diego headquarters.
X, formerly Twitter, reportedly cut its trust and safety team to around 20 people earlier this month even after advertisers discussed concerns about toxic content on the platform.