๐ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. ๐ฅ
โ
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator โ
Log In
News on Medial
Google fires hundreds of employees; Fitbit leaders also exit
News Bytes
ยท
1y ago
Medial
Google is undergoing a significant restructuring of its Devices & Services teams, moving from separate divisions to a functional organization model, leading to layoffs primarily in the AR hardware team. The downsizing suggests a shift away from developing its AR hardware and a focus on OEM partnerships. Fitbit co-founders, including James Park, are departing. This indicates a potential transformation in Fitbit's future, as Google has removed features and steered users toward Pixel Watch, and Fitbit products have faced server outages and halted sales in certain countries.
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
ยท
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
Okta fires 400 people
Business Insider
ยท
1y ago
Medial
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.
View Source
Google Fitbit, Peloton announce fitness content partnership
Economic Times
ยท
12m ago
Medial
Fitbit has announced a partnership with Peloton, allowing premium users to access Peloton's fitness content. Fitbit premium members in the US, UK, Canada, and Australia will have access to a wide range of Peloton classes including pilates, running, boxing, and cycling. In return, Peloton members will receive offers on Google Pixel watches and Fitbit Charge 6 devices. The financial details of the partnership have not been disclosed. Peloton is facing a decline in sales and has sought to refinance its debt.
View Source
Edtech startup Adda247 fires 300 employees
Entrackr
ยท
1y ago
Medial
Edtech startup Adda247 has reportedly laid off around 250-300 employees, marking the company's first round of layoffs in recent years. The layoffs affected various verticals, including StudyIQ, a UPSC-focused platform acquired by Adda247. Sources claim that the downsizing was driven by the need to extend the runway as funding becomes scarce in the edtech sector. Adda247, backed by WestBridge Capital and Google, has raised over $60 million and was valued at $175 million in its last funding round. The company's revenue surged to Rs 61.5 crore in FY22, but losses also increased by 90% to Rs 28.8 crore.
View Source
Google parent Alphabet lays off hundreds of employees from its global recruiting team: Report
IndianStartupNews
ยท
1y ago
Medial
Google is conducting layoffs within its parent company, affecting hundreds of employees in the global recruiting team. The move is attributed to a decrease in the volume of requests for Google's recruiters. Earlier this year, Google announced one of the largest rounds of layoffs in the tech industry, affecting nearly 12,000 employees from various departments. While the current layoffs are not part of a wide-scale reduction, Google is focusing more on AI development as it faces competition from AI chatbots like OpenAI's GPT-3.
View Source
Chegg fires 441 employees
ABPLive
ยท
1y ago
Medial
American education technology company Chegg, which also has operations in India, fired 441 employees which represent 23% of the company's global workforce. "We executed a restructuring effort, a major step in my plans to refocus Chegg and return to subscriber and revenue growth," Chegg President and CEO Nathan Schultz said. Chegg expects to save up to $50 million with restructuring.
View Source
Google fires 28 employees after sit-in protest over controversial Project Nimbus contract with Israel
TechCrunch
ยท
1y ago
Medial
Google has terminated the employment of 28 employees who participated in a sit-in protest against the company's cloud computing contract with the Israeli government and military. The controversial project, known as Project Nimbus, has faced criticism since 2021 as it allegedly involves providing technology to support Israel's actions in the Israeli-Palestinian conflict. The protesters claim that Google's involvement makes the company complicit in the "genocide of the Palestinian people". During the protests, some employees were arrested and forcibly removed from the offices. Google stated that physically impeding work and preventing access to facilities is a violation of policies.
View Source
Google layoffs 2025: Tech titan offers buyouts to U.S. employeesโare layoffs next?
Economic Times
ยท
1m ago
Medial
Google has introduced voluntary buyouts for U.S. employees across various divisions, including Knowledge and Information, marketing, and research, raising concerns about potential layoffs as part of cost-cutting measures. This "voluntary exit program" allows employees to leave with a severance package. Although not confirming more layoffs, Google aims to streamline teams amidst its restructuring efforts that began in 2023 with 12,000 role cuts. Additionally, remote workers near Google offices are being called back as part of a hybrid work push.
View Source
Google offers voluntary exit to US staff, including search and ad teams
Economic Times
ยท
1m ago
Medial
Google has offered voluntary exit packages to U.S. staff in various departments, including search and advertising, to reduce overall employee numbers. This move affects units like knowledge and information, central engineering, marketing, research, and communications. Employees opting for this exit programme might not align with the company's strategy or face challenges in their roles. This initiative follows previous layoffs and restructuring in other Google units earlier in the year.
View Source
Dunzo Fires 150 More Employees Amid Funding Woes
Inc42
ยท
11m ago
Medial
Hyperlocal delivery platform Dunzo has made significant staff reductions, with reports suggesting that 150 employees have been laid off. The company, which is facing financial difficulties, now has a core team of only 50 employees. Dunzo has been struggling to secure funding while losses continue to rise. The Bengaluru-based startup has also shifted its focus to B2B operations as it tries to overcome legal issues and leadership changes.
View Source
Trackers
Active Indian VCโs
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 thatโs happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in