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Snap, the parent company of Snapchat, is laying off 10 percent of its workforce, and confirmed by a company spokesperson. The company reported a total number of 5,367 employees at the end of 2023’s third quarter, so the layoffs should impact around 540 people.Snap discussed the decision in the SEC filing, saying the layoffs would “best position our business to execute our highest priorities” and ensure it has “the capacity to invest incrementally” over time. The company told us the layoffs were necessary to “reduce…

The digital payments company’s head-count reduction comes on top of a prior round of layoffs of 7% last year and will be made through direct cuts and the elimination of open roles. The digital payments company’s head-count reduction comes on top of a prior round of layoffs of 7% last year and will be made through direct cuts and the elimination of open roles. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In…

US logistics startup Flexport is planning to lay off about 20% of its workforce in the coming weeks, The Information reported on Friday citing people familiar with the matter.Flexport did not immediately respond to a Reuters request for a comment.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIndian School of BusinessISB Product ManagementVisitIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitReuters had…

Food and grocery delivery major Swiggy has initiated another round of layoffs as it looks to prune costs and hit profitability in the run-up to an initial public offer, people aware said. The company is set to cut its workforce by 6% affecting 350-400 roles across teams like technology, call centre, and corporate roles, with senior leaders having been briefed to conduct these layoffs gradually over the coming weeks, the sources added.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM…

Swedish electric car company Polestar is slashing its workforce by 15 percent globally. About 450 employees are expected to be let go due to “challenging market conditions.” The news comes despite its six percent increase in global car deliveries compared to 2022, according to its recent fourth quarter global fiscal report.The company did, however, warn that it would reduce its headcount back in May 2023 which was around the same time it announced its production goals were disappointingly off by 10,000 to 20,000 cars from…

Jeans are displayed at a Levi Strauss store in New York, March 19, 2019.Shannon Stapleton | ReutersLevi Strauss will lay off at least 10% of its global corporate workforce as part of a restructuring, the apparel retailer said Thursday as it said it expected weaker sales this year. The job cuts will take place in the first half of the year, and could affect up to 15% of corporate employees, Levi's said. The company had more than 19,000 employees as of November, but it is unclear how much of that workforce is in corporate…

The jeans maker said it’s looking to increase global productivity in the first half of the year. The company also reported an increase in sales in the fourth quarter. The jeans maker said it’s looking to increase global productivity in the first half of the year. The company also reported an increase in sales in the fourth quarter. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to…

Aurora Innovation, the autonomous vehicle technology company aiming to launch a “driverless” self-driving trucks business by the end of 2024, laid off dozens of workers this month, according to sources familiar with the action. The Pittsburgh-based company, which also has facilities in California, Colorado, Texas and Montana, has since confirmed that about 3% of its workforce was laid off in the beginning of the year, following an organizational review. Aurora employed about 1,800 workers as of…

A bunch of companies in the technology sector have been laying off some of their employees recently after quickly ramping up hiring during the COVID-19 pandemic while people spent more time and money online. Now, many of them are making job cuts to help lower costs and bolster their bottom lines. Here's some of the companies that have laid of employees of late:GoogleGoogle said it was laying off hundreds of employees working on its hardware, voice assistance and engineering teams. The cuts follow pledges by executives of…

Put together based on inputs from 30 companies, the resource guide highlights three enterprise use cases for GenAI as well as the GenAI employee profiles and skillsets needed, including GenAI developers and solution providers. One case study, for example, looks at how a global organization in the raw materials industry developed a system to ingest and classify documents across different departments in a bid to improve productivity. "The ability to incorporate information from all users meant everybody in the company…