July 3, 2024 Ultimate Kronos Group (UKG), a prominent player in the staffing software sector, has executed a significant round of layoffs, affecting approximately 2,200 employees. The layoffs, amounting to about 14% of its workforce, were disclosed in an email sent by UKG CEO Chris Todd on July 3, just ahead of the July 4…
In a stark reminder of the volatility within the start-up ecosystem, Bengaluru-based ReshaMandi, a promising B2B marketplace for the textiles and fashion industry, has laid off 80% of its workforce following a failed attempt to secure Series B funding. This drastic reduction highlights the severe financial strain the company faces. Financial Struggles and Layoffs The…
IntroductionKissflow, a Chennai-based Software-as-a-Service (SaaS) company, recently lay off around 15% of its personnel, affecting approximately 45-50 individuals across many areas such as sales, marketing, and product development. This decision is the result of a strategic shift in the company’s product emphasis and the findings of its yearly performance assessments. Information about the layoffWhy did…
Microsoft has announced a new round of layoffs, affecting more than 1,000 employees, as part of a larger attempt to reorganize operations and focus on critical growth areas. The majority of these job layoffs are in the company’s Strategic Missions and Technologies division, which sells Microsoft’s cloud software and server rentals to specialist industries such…
Microsoft has disclosed another round of layoffs, which will affect about 1,000 people across many areas, including its mixed reality team working on the HoloLens 2 and different Azure units. This move comes after a previous large reduction of 10,000 staff over a year ago. The layoffs, as reported by CNBC and Business Insider, are…
