Displaying items by tag: Staff cuts

Hot on the heels of the former Facebook now named Meta axing 11,000 staff from its global workforce comes the news of another mass layoff announcement by an American online tech company.

Google parent Alphabet saw its share price punished by nearly 6% after announcing an all round poor set of results for the third quarter, falling significantly short of expectations on both top line revenues and bottom line earnings.

Telstra has announced that it will be splitting up into three entities under a parent company to be known as Telstra Group, with the three being InfraCo Fixed, InfraCo Towers and ServeCo.

Indian outsourcing giant Infosys plans to cut about 12,000 staff at the middle and top of its organisation and flatten the employee structure, a report says.

Hewlett Packard Enterprise is set to reduce its staff count by about 10%, with the cuts beginning before the end of the year.

Telstra will lay off about 1400 workers as part of an ongoing plan to reduce its operating costs by about $1 billion over five years.

Microsoft has once again taken the axe to its shrinking workforce, this time laying off another 2,100 employees as the company moves towards its target of cutting 18,000 staff, or about 14% of its workforce.