In 2023, India’s IT sector quietly laid off approximately 20,000 employees in a trend known as “silent layoffs,” according to data shared by the All India IT & ITeS Employees’ Union (AIITEU) and reported by Moneycontrol. These job cuts spanned …
In April 2024, the tech industry experienced a wave of mass layoffs affecting some of the world’s biggest companies, including Tesla, Google, and Apple. Over 70,000 employees have been impacted this year, with more than 20,000 losing their jobs in …
In FY23, Paytm had an average of 32,798 employees on payroll, with 29,503 actively working, and an average cost per employee of Rs 7.87 lakh. According to a report by Financial Express, One97 Communications, the parent company of Paytm, plans …