Layoffs

Indian conglomerate Reliance slashed over 42,000 jobs last financial year

Commerce /

Reliance, India’s largest conglomerate, reduced its workforce by 11%, or more than 42,000 people, in the financial year ended March 2024.  The conglomerate also slowed hiring, bringing on board about 171,000 people in the financial year, lower than the around 263,000 people it hired a year earlier, according to its annual report. The company said […]

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Techstars is laying off 17%, ending its J.P. Morgan-backed programs

Startups /

Techstars is laying off 17% of its workforce and will end its $80 million J.P. Morgan-backed Advancing Cities Program once the fund is completely deployed at the end of this year, TechCrunch has learned. The Advancing Cities program, which launched in 2022, saw the launch of accelerator programs across the nation in cities like Oakland,

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Bungie employees say they were caught off-guard by 17% staff reduction

Gaming /

Bungie, the gaming company that created sci-fi hits such as Halo, Destiny, and Marathon, has laid off 220 employees, roughly a 17% reduction to its workforce, the company announced Wednesday. This is Bungie’s second round of layoffs since it was taken over by Sony in 2022. Two former Bungie employees affected by Wednesday’s layoffs say

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