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[ad_1] San Francisco: Amid job cuts at Google’s parent company Alphabet, its CEO Sundar Pichai took home a whopping compensation of nearly $226 million in 2022. According to the tech giant’s filing with the US Securities and Exchange Commission (SEC), Pichaia’s compensation included stock awards of about $218 million. Pichai’s salary, however, has remained steady…
[ad_1] New Delhi: As tech layoffs continue unabated in 2023, Amazon and Google CEOs have hinted at more layoffs as the companies continue to evaluate business. In a letter to company shareholders, Amazon CEO Andy Jassy said that they reprioritised where to spend resources, which ultimately led to the hard decision to eliminate 27,000 corporate…
[ad_1] New York: Amid massive ongoing layoffs in the tech sector, the top 30 H-1B visa employers hired 34,000 new workers in 2022 and laid off at least 85,000 workers in 2022 and early 2023, an Economic Policy Institute (EPI) analysis found. According to EPI researchers, tech and outsourcing companies are exploiting the highly-skilled H-1B…
[ad_1] Bengaluru: Soaring rents in Bengaluru have emerged as a major challenge for the software professionals who are already affected by salary cuts and fear of layoffs. As companies are slowly coming out of hybrid working mode and making reporting to office compulsory, techies from across the country are coming back to Bengaluru and settling…
[ad_1] New York: Fast food giant McDonald’s has temporarily shut its offices in the US this week as it gears up to lay off several employees as part of the restructuring plan amid the global economic meltdown, the media reported. According to Wall Street Journal, the Chicago-based burger major told US employees, and some international…
[ad_1] New Delhi: Global economic slowdown, tech layoffs and hybrid work have impacted gross leasing of office space in India, as flexible office space providers share reached almost at par with traditional tech companies in the first quarter of 2023, a report has shown. Leasing by flex space operators in Q1 2023 inched closer to…
[ad_1] San Francisco: Bucking the layoff trend that has hit companies across the spectrum, software major Adobe has said it will not perform company-wide layoffs. Unlike other Silicon Valley tech giants, Adobe will not do any mass layoffs this year, according to its Chief People Officer Gloria Chen. In an interview with Bloomberg Television, she…
[ad_1] Ankara: Turkey has launched a temporary salary support scheme and banned job cuts in southern provinces hit by the devastating February 6 earthquakes that killed over 42,000 people in the country as well as in Neighbouring Syria, an official gazette said. The government will provide salary support for employers in provinces under the state…
[ad_1] San Francisco: Global consulting firm McKinsey & Co is reportedly planning to slash about 2,000 jobs in one of the largest layoffs, the media reported. The job cut is likely to focus on support staff who do not have direct contact with clients, reports Bloomberg. The layoffs are reportedly part of ‘Project Magnolia’, which…
[ad_1] New York: An Indian-American teenager Tanvi Marupally has gone missing in the US and according to the local police, she ran away from home due to fear of her family being deported amid mass layoffs in the tech industry. The incident happened in the US state of Arkansas and the community and Conway Police…