🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
General Motors layoffs: Automaker cuts nearly 1,000 jobs worldwide to lower costs
Livemint
·
8m ago
Medial
General Motors (GM) is cutting around 1,000 jobs globally to reduce costs and improve competitiveness in the automotive market. The layoffs primarily affect white-collar workers, with the company stating that the move is aimed at optimizing speed and excellence. GM, like other automakers, is navigating the transition to electric vehicles while maintaining investment in gas-powered models. Through September, US new EV sales have increased by 7.2%, though growth has slowed compared to previous years. The company had 76,000 white-collar employees worldwide at the end of 2020 and aims to cut $2 billion in fixed costs by the end of this year.
View Source
Related News
Tech layoffs in January 2024: CEO fires the whole company over 2-minute call; Google, Microsoft, Amazon continue layoffs; job cuts at TikTok, Flipkart, Swiggy, and others
Startup News FYI
·
1y ago
Medial
In January 2024, several tech companies implemented job cuts. Frontdesk fired all 200 employees during a two-minute call, Google laid off hundreds of staff across various divisions, Microsoft cut 1,900 jobs, Amazon announced layoffs in Audiobooks, Prime Video, and Twitch divisions, Xerox reduced its workforce by 15%, Unity Software cut 1,800 jobs, Discord laid off 17% of its employees, eBay cut 1,000 jobs, Flipkart laid off 1,000 employees, Swiggy laid off 400 employees, Riot Games cut 11% of its staff, TikTok laid off 60 workers, and Salesforce announced 700 job cuts.
View Source
Tech layoffs: Over 27,000 jobs lost in August 2024; Intel, Cisco and IBM lead the wave
Livemint
·
11m ago
Medial
Tech layoffs in August 2024 impacted the industry as major players like Intel, Cisco, and IBM made significant job cuts. Over 27,000 workers lost their jobs across 40 companies. Intel plans to eliminate 15,000 jobs, while Cisco intends to reduce its workforce by 6,000. IBM is withdrawing its R&D operations from China, resulting in 1,000 job losses. German chipmaker Infineon plans to cut 1,400 jobs. Other notable layoffs include GoPro, Apple, Dell Technologies, ReshaMandi, and Brave. These layoffs highlight the ongoing volatility in the tech industry.
View Source
Tech layoffs in 2024: New Year off to a brutal start as Amazon, Google, others fire thousands
Economic Times
·
1y ago
Medial
In early 2024, amid economic challenges, tech and startup layoffs continue, with 48 companies cutting 7,528 jobs by January 15. Major players like Google and Amazon plan more layoffs to manage costs. Online rental platform Frontdesk initiated 2024's first layoffs, dismissing its 200-person workforce in a swift Google call. Notable layoffs in 2024 include Google, Amazon Audible, Amazon Prime Video, Amazon’s Twitch, Discord, Unity Software, and Xerox, indicating a potentially challenging year for the tech industry following 2023's massive job cuts.
View Source
State government intervention not needed in TCS layoffs: Priyank Kharge - The Economic Times
Economic Times
·
7d ago
Medial
Karnataka IT minister Priyank Kharge stated that government intervention is unnecessary in the recent TCS layoffs, which involved nearly 12,000 job cuts due to business overestimation and skill mismatch, not AI disruption. The state will only intervene if AI upskilling incentives are required to safeguard jobs. The Karnataka Labour Minister had requested TCS to explain the layoffs, while the Karnataka State IT/ITeS Employees Union filed a complaint alleging violations of labor laws.
View Source
GM lays off over 1,000 salaried software, services employees
Economic Times
·
11m ago
Medial
General Motors (GM) is cutting over 1,000 salaried jobs at its software and service units globally. The layoff decision aligns with the company's strategy to streamline operations and focus on key investments. Around 600 positions will be eliminated at GM's tech campus near Detroit. The move reflects the company's commitment to simplifying operations and making strategic choices in a rapidly changing automotive industry.
View Source
Tech layoffs 2025: Turmoil as ADM trims 700 jobs, Salesforce slashes 1,000 after Microsoft, Meta, and Amazon axe
Livemint
·
6m ago
Medial
In 2025, major tech and corporate firms, including ADM and Salesforce, are implementing significant layoffs amid market challenges. ADM plans to cut 700 jobs globally to save costs due to market uncertainties. Salesforce is laying off over 1,000 employees while hiring for AI initiatives, with laid-off staff able to reapply internally. Microsoft, Meta, and Amazon are also reducing jobs, citing performance and economic reasons, contributing to widespread industry employment turmoil.
View Source
Working for Google used to be 'sexy and exciting,' with a strong sense of security. Now, not so much.
Business Insider
·
1y ago
Medial
Google has recently announced fresh job cuts, following a 6% reduction in staff last year. The tech giant has already laid off over 1,000 employees this month, with CEO Sundar Pichai indicating further layoffs in the coming year. Google expects to pay around $700 million in severance costs this quarter, as stated in Alphabet's latest results. These cuts have been met with resistance from remaining employees, who are criticizing the company's leadership and the changing workplace culture. The layoffs may have long-term consequences for retention and recruitment, impacting the company's reputation as an attractive employer.
View Source
Second hike in 2024, Tata Motors to increase commercial vehicle prices from April
Thehindubusinessline
·
1y ago
Medial
Indian automaker Tata Motors has announced that it will increase the prices of its commercial vehicles (CVs) by up to 2% from April 1. This is the second price increase for Tata Motors' CVs in 2024, with the first increase of up to 3% announced for January 1. The company stated that the price hike is intended to offset the residual impact of past input costs. Earlier this year, Tata Motors also increased the prices of its passenger vehicles by up to 0.7%. The automaker recently announced plans to demerge its PVs and CVs businesses into separate entities.
View Source
Tesla layoffs hit high performers, some departments slashed, sources say
TechCrunch
·
1y ago
Medial
Tesla recently announced layoffs that affected some high-performing employees and resulted in department cuts. The layoffs were attributed to poor financial performance, with Tesla's profit margin narrowing due to an ongoing electric vehicle price war. Over 10% of the workforce, which amounts to around 14,000 employees worldwide, were laid off as part of the company-wide restructuring. The layoffs were made to reduce costs and improve productivity. The move comes as Tesla prepares for its next phase of growth and focuses on building fully self-driving cars. Notably, top executives such as Drew Baglino and Rohan Patel have also left the company.
View Source
Tesla layoffs hit high performers, some departments slashed, sources say
TechCrunch
·
1y ago
Medial
Tesla recently announced layoffs affecting more than 10% of its workforce, with some departments experiencing cuts of up to 20%. The layoffs were primarily driven by the company's poor financial performance and the need to reduce costs and increase productivity. Surprisingly, many high-performing employees were also let go, including those working on projects that have fallen lower on Tesla's priority list. Additionally, two high-profile executives, Drew Baglino and Rohan Patel, have left the company. This downsizing comes ahead of the company's first-quarter earnings report.
View Source
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...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
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.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
