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Technicolor India Shuts Down Operations in Bengaluru and Mumbai, Leaving 3,200 Employees Jobless

Technicolor India, a leading visual effects (VFX) and animation studio, has announced the closure of its operations in Bengaluru and Mumbai, affecting 3,200 employees. The decision is part of a global shutdown by its parent company, Technicolor Group, headquartered in Paris.This sudden move has left thousands of employees in distress, particularly in Bengaluru, where nearly 3,000 professionals were employed. The closure marks a significant blow to India's VFX and animation industry, which

Business

28 Feb 2025 08:13 AM 1.73k views

Technicolor India Shuts Down Operations in Bengaluru and Mumbai, Leaving 3,200 Employees Jobless

Technicolor India, a leading visual effects (VFX) and animation studio, has announced the closure of its operations in Bengaluru and Mumbai, affecting 3,200 employees. The decision is part of a global shutdown by its parent company, Technicolor Group, headquartered in Paris.This sudden move has left thousands of employees in distress, particularly in Bengaluru, where nearly 3,000 professionals were employed. The closure marks a significant blow to India's VFX and animation industry, which

Business

Google Announces Job Cuts in Cloud and HR Teams as AI Investments Drive Workforce Restructuring

Google has announced another round of job cuts, this time affecting employees in its People Operations (HR) and Cloud divisions. The move is part of a broader strategy to streamline operations, reallocate resources, and focus more heavily on artificial intelligence development. This restructuring follows Google's commitment to investing heavily in AI infrastructure while simultaneously seeking cost efficiencies across different business units.According to a report by CNBC, Google has laun

Internet & Technology

28 Feb 2025 08:13 AM 1.42k views

Google Announces Job Cuts in Cloud and HR Teams as AI Investments Drive Workforce Restructuring

Google has announced another round of job cuts, this time affecting employees in its People Operations (HR) and Cloud divisions. The move is part of a broader strategy to streamline operations, reallocate resources, and focus more heavily on artificial intelligence development. This restructuring follows Google's commitment to investing heavily in AI infrastructure while simultaneously seeking cost efficiencies across different business units.According to a report by CNBC, Google has laun

Internet & Technology

DBS to Cut 4,000 Jobs Over AI Automation, Plans 1,000 New AI Roles as Banking Industry Transforms

DBS Group, Southeast Asia’s largest bank, has announced plans to reduce its workforce by 4,000 employees over the next three years due to the increasing adoption of artificial intelligence (AI) and automation in banking operations. The move, confirmed by outgoing CEO Piyush Gupta, signals a major transformation in the financial sector, where AI-driven efficiencies are gradually replacing traditional job roles. Speaking at an industry conference in Mumbai, Gupta r

Business

25 Feb 2025 08:51 AM 1.67k views

DBS to Cut 4,000 Jobs Over AI Automation, Plans 1,000 New AI Roles as Banking Industry Transforms

DBS Group, Southeast Asia’s largest bank, has announced plans to reduce its workforce by 4,000 employees over the next three years due to the increasing adoption of artificial intelligence (AI) and automation in banking operations. The move, confirmed by outgoing CEO Piyush Gupta, signals a major transformation in the financial sector, where AI-driven efficiencies are gradually replacing traditional job roles. Speaking at an industry conference in Mumbai, Gupta r

Business

Trump Administration Cuts 2,000 USAID Jobs, Places Thousands on Leave

The Trump administration has taken a dramatic step in reshaping U.S. foreign aid by terminating 2,000 employees from the U.S. Agency for International Development while placing thousands more on administrative leave around the globe. Following a ruling by a federal judge, the decision affects both domestic and international USAID staff, leaving only those designated as essential for mission-critical functions, leadership, or specific programs in active service. As of 11:59 p.m. EST on

Workplace Insights

24 Feb 2025 04:05 AM 1.53k views

Trump Administration Cuts 2,000 USAID Jobs, Places Thousands on Leave

The Trump administration has taken a dramatic step in reshaping U.S. foreign aid by terminating 2,000 employees from the U.S. Agency for International Development while placing thousands more on administrative leave around the globe. Following a ruling by a federal judge, the decision affects both domestic and international USAID staff, leaving only those designated as essential for mission-critical functions, leadership, or specific programs in active service. As of 11:59 p.m. EST on

Workplace Insights

Meta to Begin Company-Wide Layoffs, Accelerate Hiring of Machine Learning Engineers

Meta Platforms, the parent company of Facebook, is set to implement company-wide layoffs starting this week. According to a report from Reuters, the company will begin sending out notices to affected employees starting at 5AM PST. The layoffs are expected to impact multiple countries, including the US, but employees in Germany, France, Italy, and the Netherlands will be exempt due to local labor laws. Layoff notifications for employees in several other countries across Europe, Asia, and Afric

Internet & Technology

19 Feb 2025 06:30 AM 1.63k views

Meta to Begin Company-Wide Layoffs, Accelerate Hiring of Machine Learning Engineers

Meta Platforms, the parent company of Facebook, is set to implement company-wide layoffs starting this week. According to a report from Reuters, the company will begin sending out notices to affected employees starting at 5AM PST. The layoffs are expected to impact multiple countries, including the US, but employees in Germany, France, Italy, and the Netherlands will be exempt due to local labor laws. Layoff notifications for employees in several other countries across Europe, Asia, and Afric

Internet & Technology

Google Cuts 10% of Managerial Staff Amid Efficiency Push and AI Competition

In a move to improve efficiency, Google has reduced its managerial staff by 10%, including roles at the manager, director, and vice president levels. This decision is part of a broader initiative to streamline the company and address increasing competition from AI-driven companies like OpenAI. CEO Sundar Pichai discussed these cuts during an all-hands meeting, stating that some employees would be reassigned to individual contributor roles, while others would face position eliminations.

General

20 Dec 2024 09:14 AM 906 views

Google Cuts 10% of Managerial Staff Amid Efficiency Push and AI Competition

In a move to improve efficiency, Google has reduced its managerial staff by 10%, including roles at the manager, director, and vice president levels. This decision is part of a broader initiative to streamline the company and address increasing competition from AI-driven companies like OpenAI. CEO Sundar Pichai discussed these cuts during an all-hands meeting, stating that some employees would be reassigned to individual contributor roles, while others would face position eliminations.

General

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#layoffs

Technicolor India Shuts Down Operations in Bengaluru and Mumbai, Leaving 3,200 Employees Jobless

Technicolor India Shuts Down Operations in Bengaluru and Mumbai, Leaving 3,200 Employees Jobless

Google Announces Job Cuts in Cloud and HR Teams as AI Investments Drive Workforce Restructuring

Google Announces Job Cuts in Cloud and HR Teams as AI Investments Drive Workforce Restructuring

DBS to Cut 4,000 Jobs Over AI Automation, Plans 1,000 New AI Roles as Banking Industry Transforms

DBS to Cut 4,000 Jobs Over AI Automation, Plans 1,000 New AI Roles as Banking Industry Transforms

Trump Administration Cuts 2,000 USAID Jobs, Places Thousands on Leave

Trump Administration Cuts 2,000 USAID Jobs, Places Thousands on Leave

Meta to Begin Company-Wide Layoffs, Accelerate Hiring of Machine Learning Engineers

Meta to Begin Company-Wide Layoffs, Accelerate Hiring of Machine Learning Engineers

Google Cuts 10% of Managerial Staff Amid Efficiency Push and AI Competition

Google Cuts 10% of Managerial Staff Amid Efficiency Push and AI Competition

Delhi on High Alert: Leaves Cancelled, Security Tightened Amid Tensions

US court urged by Trump officials to avoid halting tariffs over global security concerns

San Jose’s ‘Godfather of Little Saigon’ sees courtroom wins amid legal battles

Revanth Reddy Credits Chandrababu Naidu for Hyderabad’s IT Revolution, Hails Hitec City Vision

Over $1B in unpaid traffic fines in D.C. prompts year-long enforcement operation

Exciting Weekend Events In DC Maryland And Virginia With Fairs Concerts And Exhibits

Russia Launches 75 Mice into Space to Study Effects of Spaceflight on Living Organisms

Biggest Tax Mistakes Of 2025: AIS Mismatches And Capital Gains Errors Lead Filers Into Trouble

Akshaya Patra Foundation Feeds Over 10 Lakh Flood-Affected Individuals in Vijayawada

Virtual Reality (VR) Gaming

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Delhi on High Alert: Leaves Cancelled, Security Tightened Amid Tensions

US court urged by Trump officials to avoid halting tariffs over global security concerns

San Jose’s ‘Godfather of Little Saigon’ sees courtroom wins amid legal battles

Revanth Reddy Credits Chandrababu Naidu for Hyderabad’s IT Revolution, Hails Hitec City Vision

Over $1B in unpaid traffic fines in D.C. prompts year-long enforcement operation

Exciting Weekend Events In DC Maryland And Virginia With Fairs Concerts And Exhibits

Russia Launches 75 Mice into Space to Study Effects of Spaceflight on Living Organisms

Biggest Tax Mistakes Of 2025: AIS Mismatches And Capital Gains Errors Lead Filers Into Trouble

Akshaya Patra Foundation Feeds Over 10 Lakh Flood-Affected Individuals in Vijayawada

Virtual Reality (VR) Gaming

#layoffs

Technicolor India Shuts Down Operations in Bengaluru and Mumbai, Leaving 3,200 Employees Jobless

Technicolor India Shuts Down Operations in Bengaluru and Mumbai, Leaving 3,200 Employees Jobless

Google Announces Job Cuts in Cloud and HR Teams as AI Investments Drive Workforce Restructuring

Google Announces Job Cuts in Cloud and HR Teams as AI Investments Drive Workforce Restructuring

DBS to Cut 4,000 Jobs Over AI Automation, Plans 1,000 New AI Roles as Banking Industry Transforms

DBS to Cut 4,000 Jobs Over AI Automation, Plans 1,000 New AI Roles as Banking Industry Transforms

Trump Administration Cuts 2,000 USAID Jobs, Places Thousands on Leave

Trump Administration Cuts 2,000 USAID Jobs, Places Thousands on Leave

Meta to Begin Company-Wide Layoffs, Accelerate Hiring of Machine Learning Engineers

Meta to Begin Company-Wide Layoffs, Accelerate Hiring of Machine Learning Engineers

Google Cuts 10% of Managerial Staff Amid Efficiency Push and AI Competition

Google Cuts 10% of Managerial Staff Amid Efficiency Push and AI Competition

Delhi on High Alert: Leaves Cancelled, Security Tightened Amid Tensions

US court urged by Trump officials to avoid halting tariffs over global security concerns

San Jose’s ‘Godfather of Little Saigon’ sees courtroom wins amid legal battles

Revanth Reddy Credits Chandrababu Naidu for Hyderabad’s IT Revolution, Hails Hitec City Vision

Over $1B in unpaid traffic fines in D.C. prompts year-long enforcement operation

Exciting Weekend Events In DC Maryland And Virginia With Fairs Concerts And Exhibits

Russia Launches 75 Mice into Space to Study Effects of Spaceflight on Living Organisms

Biggest Tax Mistakes Of 2025: AIS Mismatches And Capital Gains Errors Lead Filers Into Trouble

Akshaya Patra Foundation Feeds Over 10 Lakh Flood-Affected Individuals in Vijayawada

Virtual Reality (VR) Gaming

Popular Cities