Snapdeal, an online marketplace headquartered in India, is reportedly laying off 500 to 600 employees. The cuts will affect all of Snapdeal’s divisions, including the marketplace, online payment division FreeCharge and logistics business Vulcan Express. The ecommerce company has raised […]
Tag: job cuts
Two months after reports surfaced that Zenefits was burning through hundreds of millions of dollars a year and losing its interim CEO, the embattled HR software provider has laid off almost half of its workforce, according to a BuzzFeed report. […]
Less than two years ago, Theranos was worth $9 billion and poised to go down in Silicon Valley history for its one-drop blood-testing technology. Now, the embattled company—which has been sued several times for allegedly making false and misleading claims—is […]
Twitter is considering slashing its workforce 8% further or about 300 employees, reported Bloomberg on Monday, citing people familiar with the matter. The company will report its third quarter earnings on Thursday and might announce the job cuts before that. […]
Theranos Sued By Investor by PitchBook Theranos is the target of a lawsuit filed by a hedge fund that invested $96 million in the startup, per The Wall Street Journal. The Partner Fund Management suit alleges, among other things, that […]
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Shares in Cisco Systems Inc. took a hit following news that the company will cut 14,000 jobs around the world, representing 20% of its total workforce. The world’s largest maker of networking equipment will announce the job cuts in the coming weeks, […]