Samsung Electronics Co. is laying off workers in Southeast Asia, Australia and New Zealand as part of a plan to reduce global headcount by thousands of jobs, according to people familiar with the situation. The layoffs could affect about 10 percent of the workforces in those markets, although the numbers…
CBS News has renewed the contract of its biggest star Gayle King — even as the Tiffany Network continues to face brutal cost cuts, The Post has learned. The 69-year-old “CBS Mornings” co-host’s decision to return to the the last-place morning show comes at a tumultuous time for CBS and…
eBay, the US-based ecommerce giant, is reportedly planning to bow out of the NFT space. As per reports, the platform has trimmed its Web3 team by 30 percent this week. While not a lot is known about eBay’s reported decision, some drama seems to have unfolded between eBay and the…
It is a dark day for sports journalism. The Arena Group alerted all Sports Illustrated staffers on Friday that their positions were being eliminated. A George Mason fan holds up a Sports Illustrated magazine in 2006. AP Richard Deitsch, a sports media reporter who left for Sports Illustrated for the…
The first two weeks of 2024 saw major upheaval with the excitement around the approval of BTC ETFs in the US. The market volatility seems to be cooling off now that the ETFs have been approved – but regardless, a fresh setback has hit the crypto sector. The Near Foundation…
The global crypto market, that is currently undergoing a slump, could be losing community members who do not have an appetite for risky investments at the time. This impact of the slowdown has been highlighted by crypto exchange CoinSwitch after it laid off 44 employees earlier this month from its…
Reddit said on Tuesday it is laying off about 5 percent of its workforce, or 90 employees, joining a list of technology companies that have been cutting jobs across corporate America. Tech companies including Meta Platforms have been slashing jobs after aggressively hiring during the pandemic, as the industry braces…
Netflix plans to cut its spending by $300 million (nearly Rs. 2,465 crore) this year, the Wall Street Journal reported on Friday, citing people familiar with the matter. Company leaders urged staffers to be judicious with their spending, including in relation to hiring, but said there would be no hiring freeze…
E-commerce firm Meesho has laid off 251 employees constituting 15 per cent of its workforce to cut costs and as part of its efforts to achieve profitability, a top company official said on Friday. Meesho Founder and CEO Vidit Aatrey in an email to employees informed about the decision and…
Accenture on Thursday lowered its annual revenue and profit forecasts and said it would cut about 2.5 percent of workforce, or 19,000 jobs, the latest sign that the worsening global economic outlook was sapping corporate spending on IT services. More than half of the layoffs will affect staff at its…
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