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Indian e-commerce startup Meesho layoffs 15% of employees
Indian social e-commerce startup Meesho has slashed 15% of its workforce to improve its financial health amid a tough macroeconomic environment. Read more…
layoffs
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Now Chinese handset firms in India are laying off staff
Bracing for tough times in India, Chinese handset firms start laying off staff there and are likely to further cut investments in marketing and operations. Read more…
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Vietnam could defy tech layoff trend to at least 2024
Tech companies around the world are laying off staff. It’s a different story in Vietnam, with 195,000 programmers expected to be hired in the next two years. Read more…
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Meta will sack 11,000+ workers to pay for its metaverse
Meta will cut 13% of its workforce in one of the year’s biggest layoffs as it battles soaring costs from its metaverse push amid a weak advertising market. Read more…
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The Twitter sackings begin as offices close for the day
Twitter temporarily closed its offices Friday after telling employees they would be informed by email later in the day about whether they are being laid off. Read more…
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Shopee spree continues with layoffs in China and Indonesia
Shopee is cutting jobs in China, Indonesia and elsewhere as Sea Ltd struggles to reassure investors it can achieve self-sufficiency within 18 months. Read more…
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Southeast Asia startups are bracing for more layoffs
Startups in Southeast Asia are bracing for more layoffs in the shaky economic climate as the focus shifts from growth to profitability. Read more…
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India’s cash-strapped telco Vodafone Idea lays off 1500 employees
India’s cash-strapped telecom operator Vodafone Idea has reportedly has laid off 1500 permanent employees across the country to cut costs. Read more…
Off the Wire
AI transforming global translation industry, mass layoffs by 2022
Jobs in the global translation industry are at risk of disappearing as a result of the rapid improvement in AI-driven Neural Machine Translation (NMT) engines. Read more…
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What slowdown? Foxconn looking to recruit 50,000
Taiwan’s Foxconn said it was trying to recruit for more than 50,000 positions across its China campuses amid reports of mass lay-offs. Read more…