🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Byju’s fires 400 employees reportedly in mentoring, product expert division after performance review

Money Control

Money Control · 2y ago

Byju’s fires 400 employees reportedly in mentoring, product expert division after performance review

Edtech company Byju's has conducted a round of layoffs involving over 400 employees from the mentoring and product expert division. The layoffs were part of a performance review process carried out in response to a challenging operating environment. Byju's confirmed the layoffs but disputed the number, stating that only 100 employees were affected, emphasizing that the decision was based on performance rather than cost-cutting.

Related News

China's Xiaomi fires three employees for spreading rumours about Xiaomi cars

Economic Times

Economic Times · 1y ago

China's Xiaomi fires three employees for spreading rumours about Xiaomi cars

Chinese tech company Xiaomi has fired three employees for spreading rumors about Xiaomi cars. The employees were reportedly spreading false information about Xiaomi's plans to launch a car division. Xiaomi took action against the employees to maintain its reputation and prevent the spread of misinformation.

Blackstone backed Simplilearn fires 200 employees, blames poor performance

Inc42 · 1y ago

Blackstone backed Simplilearn fires 200 employees, blames poor performance

Bengaluru-based edtech startup Simplilearn has reportedly laid off around 200 employees, citing poor performance. The layoffs affected employees at various levels, with the sales team being hit the hardest. While Simplilearn claims that the decision was based on performance, some impacted employees stated that it happened suddenly without any recent performance reviews. The layoffs come amidst the challenging funding climate for edtech startups, with thousands of employees being laid off in the sector since the start of 2022. Simplilearn offers online upskilling courses and was majority-acquired by Blackstone in 2021.

L&T Technology Services fires 200 employees

Livemint

Livemint · 1y ago

L&T Technology Services fires 200 employees

Engineering services firm L&T Technology Services (LTTS) has reportedly laid off 200 employees in mid-to-senior roles as part of its performance cycle and to reduce role overlaps. The job cuts mainly affected delivery and support functions due to increased automation. L&T Technology Services has about 24,000 employees and discussions are underway for potential additional job cuts in January. The company, however, mentioned plans to continue hiring in areas like plant engineering, digital, AI, and software-defined vehicles.

Singapore-based e-commerce platform Qoo10 fires 80% staff: Report

Latestly

Latestly · 12m ago

Singapore-based e-commerce platform Qoo10 fires 80% staff: Report

Online marketplace Qoo10 reportedly fired 80% of its workforce amid fund crunch and challenging market conditions. The Singapore-based startup, whose about 20 remaining employees will focus on day-to-day operations, didn't offer any benefits to the fired employees. This comes after reports said Qoo10's South Korean operations had defaulted on payments to merchants and consumers late last month.

Simpl fires 30 employees in 2nd round of layoffs within 2 months

Inshorts · 1y ago

Simpl fires 30 employees in 2nd round of layoffs within 2 months

Buy-now-pay-later (BNPL) fintech startup Simpl said it has laid off 30 employees as part of its efforts to improve operational efficiencies. The startup's four VPs Ashwini Ravindranath, Vatsal Jain, Ramkumar Narayanan and Anoop Saurabh have also resigned, Moneycontrol reported. This comes a month after the startup reportedly laid off around 160 employees.

Okta fires 400 people

Business Insider

Business Insider · 1y ago

Okta fires 400 people

Okta is reducing its headcount by 7% as part of its commitment to achieve profitable growth. The company will lay off around 400 employees, with affected workers being notified via email. This is not the first time Okta has made job cuts, as last year it reduced its workforce by 300 employees. CEO Todd McKinnon stated that the decision was necessary to ensure greater efficiency and manage costs effectively. These layoffs come amidst a trend of tech companies, including Amazon and Google, making similar job cuts.

Alphabet's Google cuts some cloud division staff: Report

Economic Times

Economic Times · 6m ago

Alphabet's Google cuts some cloud division staff: Report

Google's cloud division has experienced headcount reductions, reportedly affecting some teams while not specifying the exact number of employees let go. These adjustments are part of Google's strategy to align with customer needs and pursue significant opportunities. The move comes after Alphabet's cloud revenue projections fell short, and its capital expenditure guidance surpassed expectations. Earlier, Google had introduced a voluntary exit program for its Platforms & Devices division in the U.S., offering severance packages to employees choosing to leave.

Paypal fires 2500 and UPS fires 12000 employees

Livemint

Livemint · 1y ago

Paypal fires 2500 and UPS fires 12000 employees

Payments firm PayPal is considering cutting around 2,500 jobs, or 9% of its global workforce, by 2024. CEO Alex Chriss cited the need to "right-size" the business to deliver for customers and drive profitable growth. In a separate move, logistics company UPS plans to lay off 12,000 employees to offset soft demand and higher labour costs. Both companies are taking measures to streamline operations and improve financial performance.

Bootstrapped Chennai-based SaaS firm Kissflow lays off 45-50 employees

Money Control

Money Control · 1y ago

Bootstrapped Chennai-based SaaS firm Kissflow lays off 45-50 employees

Chennai-based SaaS firm Kissflow has laid off 15% of its workforce, affecting around 45-50 employees across sales, marketing, and product development. The layoffs resulted from shifting product strategies and annual performance reviews. Before the cuts, the firm employed over 400 people, with affected staff in India, the US, and the UAE. Kissflow offers cloud-based no-code and low-code work management products.

Microsoft Layoffs: Satya Nadella’s company fires employees with immediate effect, denies severance pay

Livemint

Livemint · 6m ago

Microsoft Layoffs: Satya Nadella’s company fires employees with immediate effect, denies severance pay

Microsoft has initiated performance-based layoffs, resulting in immediate job terminations without severance pay. Affected employees were notified due to not meeting performance standards and were instructed to return company property. The layoffs, part of stricter performance management, evaluate employees up to level 80. Additionally, Microsoft has begun layoffs across other sectors, separate from performance-based terminations, including security, sales, and gaming divisions, indicating a broader organizational restructuring effort.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Download the medial app to read full posts, comements and news.