Block, the financial technology company co-founded by Jack Dorsey, has laid off over 900 people, roughly 8% of the company’s staff, on Tuesday, TechCrunch reported. The news was announced to staff in an email from Mr Dorsey himself. In an internal email, he emphasised that the cuts are not financially motivated or aimed at replacing … Read more
Washington: A massive layoff has shaken the federal workforce, with thousands of employees let go in a matter of days. The layoffs, which were reportedly ordered by Donald Trump, have affected mostly probationary staff, with approximately 200,000 workers set to be impacted, per the Washington Post. The latest round of layoffs occurred on Friday, with … Read more
The Nascent Information Technology Employees Senate (NITES) has filed a formal complaint with the labour ministry against Infosys, alleging illegal and unethical mass layoffs of trainees, which the association claims are a “violation of labour laws.” NITES’ complaint, submitted to Labour Minister Mansukh Mandaviya, states that Infosys terminated recently onboarded campus recruits who had already … Read more