YesMadam Defends ‘De-Stress’ Campaign: ‘No Employees Were Fired’

10 Dec 2024

After the firestorm caused by a viral email, Noida-based company YesMadam responded to controversy over its alleged termination of over 100 employees who reportedly admitted to being stressed out at work. The provider of home salon and spa services took to LinkedIn fora three-page detailed statement titled "Important Update," in...

‘Firing Is Fun!’: Tech CEO Trains Managers To Let Employees Go

01 Oct 2024

In a recent LinkedIn post, Andreas Roettl, CEO of the tech company Journi, sparked a significant conversation by asserting that companies should equip their managers and team leaders with the skills necessary to effectively fire employees. Roettl's provocative claim drew mixed reactions, as he emphasized that the ability to lay...

Watch: Unacademy CEO Declares No Salary Hikes In $400 Burberry T-Shirt

06 Aug 2024

Unacademy employees will not receive salary appraisals this year, according to an announcement made by CEO Gaurav Munjal at the company's recent virtual town hall meeting. The news, delivered while Munjal wore a $400 Burberry T-shirt, sparked significant criticism on social media. Munjal explained that Unacademy failed to meet its...

Edtech Startup Unacademy Cuts 250 Jobs In Latest Round Of Layoffs

03 Jul 2024

Edtech startup Unacademy is facing new challenges, having reportedly laid off 250 employees from various departments following the recent departure of co-founder and CTO Hemesh Singh. According to The Economic Times, this latest round of job cuts primarily affected 150 employees in sales roles who did not meet their targets,...

Navigating Layoffs: Points to remember during job switch

18 Apr 2024

Experiencing layoffs from a corporate position can be challenging, and taking that experience to a new workplace may not be advisable if you're seeking another job. Moreover, there are specific important guidelines to adhere to when pursuing other opportunities. Candidates must carefully formulate their approach and responses when engaging with...

Citigroup to give pink slips to 286 employees: Report

01 Mar 2024

Citigroup, a global American investment bank and financial services provider, plans to let go of 286 workers in New York. The bank, which is undergoing a significant transformation, announced in January 2024 that it would eliminate 20,000 positions over the following two years. Three different letters from the company indicated...

McDonald’s plans to layoff employees in April

07 Jan 2023

The global fast food chain McDonald's CEO Chris Kempczinski has announced that layoffs will take place in April, which aims to reduce costs and "free up resources to invest in growth." Talking to the media CEO Kempczinski said, "Some jobs that are existing today are either going to get moved...

Facebook parent Meta prepares for large-scale layoffs

07 Nov 2022

Large-scale layoffs are being prepared by Facebook parent Meta this week which is expected to affect many households of its workforce.According to persons familiar with the situation, Meta Platforms Inc. plans to start widespread layoffs this week as part of a recent wave of IT job cuts following the sector's...