Layoffs

India’s Food Delivery Platform Swiggy Slashing 1K+ Positions

India’s Food Delivery Platform Swiggy Slashing 1K+ Positions
India’s Food Delivery Platform Swiggy Slashing 1K+ Positions
May 18, 2020  |  Delivery

Swiggy, India’s biggest food delivery startup, is laying off 1,100 workers as the coronavirus pandemic takes an economic toll on businesses across the globe. Get...

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Office Depot Restructuring To Support B2B Solutions, IT Services
Office Depot Restructuring To Support B2B Solutions, IT Services
May 17, 2020  |  B2B Payments

In order to “realign its operational focus to support its business-to-business solutions and IT services business units and improve costs,” Office Depot is planning to...

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Economist: 42 Pct Of Pandemic Layoffs Will Be Permanent
Economist: 42 Pct Of Pandemic Layoffs Will Be Permanent
May 15, 2020  |  Economy

A recent economic survey forecasts that 42 percent of layoffs will bring about permanent job losses. In a televised interview on CNBC, University of Chicago...

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Zomato Lays Off 500+ Employees
Zomato Lays Off 500+ Employees
May 15, 2020  |  Personnel

Zomato, one of India’s most popular food apps, is downsizing its workforce by 13 percent and cutting pay for its remaining employees due to the...

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Uber Rival Bolt Sidesteps Layoffs Despite Losses
Uber Rival Bolt Sidesteps Layoffs Despite Losses
May 12, 2020  |  Ridesharing

The Estonia-based rideshare unicorn Bolt — Uber’s main competitor in Europe — said it isn’t laying off any workers despite a 75 percent drop in...

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Why Larger Firms May Soon Face The Same (Cash) Pressures As Main Street SMBs
Why Larger Firms May Soon Face The Same (Cash) Pressures As Main Street SMBs
May 11, 2020  |  Loans

The conventional wisdom may be that larger firms — especially public ones — are able to weather the economic storm more adroitly than smaller brethren....

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Optimism Remains Despite Record Jobless Numbers
Optimism Remains Despite Record Jobless Numbers
May 08, 2020  |  Economy

Despite Friday’s (May 8) grim unemployment report, which revealed that the number of Americans who have lost their jobs has quadrupled since February, there is...

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Uber Gears Up For Earnings Report With Layoffs, Lime Investment
Uber Gears Up For Earnings Report With Layoffs, Lime Investment
May 07, 2020  |  Ridesharing

On the surface, it might look like Uber is heading off in two different directions as it readies for its earnings announcement slated for tonight...

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Uber Looks For New Roads To Revenue As Layoffs Hit
Uber Looks For New Roads To Revenue As Layoffs Hit
May 06, 2020  |  Ridesharing

Silicon Valley rideshare giant Uber is reducing its workforce by roughly 14 percent — about 3,700 people — as the coronavirus pandemic and stay-home mandates...

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