LAYOFF NEWS
Amid layoff season, this Bengaluru company is paying employees to quit and start their own business and return back if things don't work out
Amid layoffs and voluntary buyout offers at global tech companies, Bengaluru-based iD Fresh Food is encouraging employees to quit and start their own businesses. CEO Musthafa PC's entrepreneurship policy offers a partially paid sabbatical, mentorship, access to the company's business network and an option to return if their ventures fail.
It's the ecosystem, stupid! Anand Mahindra celebrates India's rise to the top 3 in the AI race, beating the UK, Japan and South Korea
Anand Mahindra has welcomed India's rise to the top three in Stanford's global AI vibrancy rankings, ahead of countries such as Japan and South Korea. He believes India's software talent, systems integration expertise and huge domestic market could give it a significant advantage in the global AI race. Explaining his optimism, Mahindra said the next big AI opportunity could come from applications, industry-specific expertise and enterprise-wide adoption rather than chips and foundational AI models.
Boeing layoffs: Which department will be affected and why will it cut 5% of its workforce? Here's what we know
Boeing will eliminate the posts through a mix of layoffs and attrition. The reason is because of a slower ramp-up to 'provide our factories and supply chain partners additional time to achieve stability,' said a message to employees from Stephanie Pope. The development comes just two weeks after Boeing said it was delaying plans to increase production of its 737 Max narrowbody jet into 2027.
Canva laid her off during maternity leave, but she is not walking away empty-handed: Pune woman reveals benefits included in severance package
A Pune woman who was laid off by Canva while on maternity leave has shared details of the company's severance package. Shraddha Khule, who joined the design platform in 2023, said employees can retain their MacBooks and receive a one-year LinkedIn Premium subscription, career coaching, interview preparation and access to an alumni talent directory. She also recalled how Canva supported her during maternity leave.
Tesla Cybertruck discontinued: Elon Musk suffers big setback after spending $446 million backing Republicans who lost in midterm
Cybertruck cancelled: Tech billionaire Elon Musk is facing new business challenges as Tesla plans to wind down Cybertruck production. After spending at least $446 million backing Republicans in the 2026 elections, Musk saw Democrats make major gains. House Democrats have also called for investigations into his work at DOGE and promised to scrutinize federal funding for his companies.
Canva layoffs 2026: CEO Melanie Perkins plans to give away 80% of her billion-dollar fortune as company announces 22% job reductions
Canva CEO: Canva CEO Melanie Perkins has drawn attention amid the company's decision to cut 1,271 jobs, affecting 22% of its workforce. Perkins has also pledged to donate more than 80% of her wealth to charity. The billionaire co-founder, who built Canva from a small start-up into a $42 billion company, signed The Giving Pledge with her husband Cliff Obrecht in 2021.
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Is Pete Hegseth getting fired? Impeachment threat grows as Republicans question his Iran war strategy
US Defense Secretary Pete Hegseth is facing growing pressure amid reports that Donald Trump had considered replacing him, although the president has since publicly backed him. Meanwhile, a possible impeachment vote in the House of Representatives could take place as early as next week, with Republican Rep. Thomas Massie pushing for action over allegations that Hegseth exceeded his constitutional authority.
Google voluntary buyouts: What's the exit package, which teams qualify and how many employees are eligible after Microsoft's similar offer?
Google Voluntary Exit Programme Details: Google has expanded its voluntary buyout programme to selected employees in five countries. The offer comes as Microsoft rolls out a similar voluntary exit scheme covering around 60,000 employees. Here's a look at Google's severance package, eligible teams and the number of employees who could opt for the offer.
Canva layoffs: Employee's ‘four-year journey came to an unexpected end’ after job loss and shares an emotional post after layoff
Monica Gonzalez Castro, a former Operations Business Partner at Canva, was among the 1,200-plus employees affected by layoffs. Sharing an emotional LinkedIn post, she reflected on her four-year journey, thanked her colleagues and mentors, and described the experience as deeply rewarding. She also announced that she is looking for her next professional opportunity.
Canva layoffs: Top manager feels ‘deja vu’, urges colleagues to ‘to be kind’ after 1,271 job cuts
Canva employee Artemi Ollin says the company's decision to cut 1,271 jobs feels like “déjà vu” after he experienced layoffs at Google. In a LinkedIn post, he urged affected colleagues to prioritise their wellbeing and encouraged remaining employees to offer support through referrals, recommendations or simply a kind word. Canva is restructuring after growth slowed.
Global Market Today: Asian shares retreat as US futures slide on mid-term election bets
Contracts for the S&P 500 Index dropped 0.3%, erasing an initial gain of 0.5%, while those for the Nasdaq 100 declined 0.6%. The dollar dropped against most of its Group-of-10 peers and the yield on the benchmark 10-year Treasury note fell four basis points to 4.92%. The MSCI Asia Pacific Index dropped 0.2% even as South Korea’s Kospi Index jumped 1%.
US job openings increase sharply by 333,000 in September
In September, the US saw a notable increase in job openings, showing a rise of 333,000. Layoffs fell to 1.641 million, providing evidence of a resilient labor market. Hiring activities also increased, reflecting a hires rate rise from previous months. However, concerns regarding the ongoing US-Israeli conflict with Iran may be impacting hiring decisions. Economists maintain that the labor market remains characterized by stable demand and low layoffs.
Krafton steps up India bets to build next global gaming franchise beyond PUBG
Krafton Inc. is actively investing in India's gaming industry to fuel its growth and develop new titles. The company aims to expand beyond its successful PUBG franchise, which has achieved immense popularity in India. With plans to acquire another studio, Krafton seeks to leverage India's talent pool and expertise in software development. The Bangalore team is expected to grow significantly, aided by advancements in artificial intelligence.
Why is Microsoft borrowing $25 billion after offering buyouts to 60,000 employees?
Microsoft 25 billion bond sale: Microsoft is raising $25 billion through a bond sale as AI infrastructure costs rise, days after offering voluntary buyouts to nearly 60,000 employees. The company expects up to 3,000 employees to accept the exit offer as it prepares to spend $175 billion on capital expenditure in 2026.
Hello Sunshine Layoff: 30 employees sacked after reacquisition by Reese Witherspoon and French media company Mediawan
Around 30 employees have been laid off from Hello Sunshine after its reacquisition by Reese Witherspoon and French media company Mediawan. The company will now be restructured to focus on film and TV production, Reese's Book Club, digital marketing and partnerships. This follows a number of financial difficulties and staff cuts at the company.
Microsoft buyouts 2026: Which teams qualify, which departments are excluded and how many MSFT employees are eligible for the voluntary exit offer?
Microsoft is offering voluntary buyouts to around 60,000 employees across the US, UK, India and Canada. Find out which teams qualify, which departments are excluded, what employees could receive and when they must decide whether to leave the company.
Amazon layoffs to 'improve efficiency': What they mean for employees & how they compare with job cuts at Microsoft, Netflix and Oracle across Big Tech
Amazon layoffs: Amazon has cut around 250 jobs in its devices and services division, primarily in software development, as it looks to streamline operations and align staffing with product priorities. The latest layoffs add to more than 31,000 job cuts announced across several rounds since October 2025, including reductions in its retail business. The move comes amid wider workforce changes at tech giants such as Microsoft, Netflix and Oracle, as companies reassess costs and investment priorities.
'Dropboxers, today will be your last day': Dropbox lays off 9% of global workforce; CTO Ali Dasdan to step down. Read what the company said in memo
Dropbox is set to cut approximately 200 jobs as part of its growth-oriented reorganization plan. The focus will be on restructuring teams in engineering, product, and administration, resulting in several employees leaving immediately. On November 18, Chief Technology Officer Ali Dasdan will also resign. Employees impacted by the layoffs will receive severance packages including financial support, while the company aims to enhance operations and customer service effectiveness.
Dropbox announces reduction of global workforce by about 9%
In a significant move, Dropbox Inc will reduce its global workforce by roughly 9%, expecting to incur extra costs of $20 million to $25 million. The cash costs linked to this workforce cut are estimated to be between $27 million and $33 million.
Bill Gates says next 20 years to be the most tumultuous in human history as Microsoft announces buyouts to 60,000 employees
Microsoft Layoffs: Bill Gates has warned that the next 20 years could be among the most tumultuous periods in human history as artificial intelligence and robots transform jobs and industries. The Microsoft co-founder believes AI could eventually create widespread abundance, but the transition may lead to job losses, economic uncertainty and a crisis of purpose for many workers. He has suggested shorter working hours, earlier retirement and selective AI adoption as possible ways to manage the disruption.
Amid layoff news, how 7 million oysters saved 1,000 jobs and environment in US
More than 7 million oysters have helped protect over 1,000 aquaculture and related jobs in the US while supporting marine conservation. The Supporting Oyster Aquaculture and Restoration (SOAR) programme was launched in 2020 after the COVID-19 pandemic left oyster farmers with large quantities of unsold shellfish. According to The Pew Charitable Trusts, the initiative has purchased oysters from over 150 growers, supported 35 restoration sites across eight US states and helped restore more than 60 acres of native oyster reefs.
Microsoft offers voluntary exits to 60,000 employees: What's in it, who qualifies and will India’s 23,000-strong workforce be impacted?
Microsoft has introduced a voluntary exit offer for eligible employees in India, the US, the UK and Canada, covering around 60,000 workers globally. The programme offers financial support and career transition services, but India's share remains unclear. The announcement comes amid US scrutiny of Microsoft's foreign-worker visa practices.
Former Microsoft employee tells wife he was lucky to be fired from tech sector in 2022. What is he doing now?
Former Microsoft employee Ian Yong Hoe Tan says he feels fortunate to have been retrenched in late 2022, amid growing concerns about AI-driven job losses. Reacting to Microsoft’s voluntary buyout offers for around 60,000 employees, he said the development left him shaken. Tan now works as a lecturer at Nanyang Technological University in Singapore.
Eternal’s strong Q2 report; Exits outpace hiring at top IT firms
Happy Thursday! Eternal’s Q2 revenue surged on Blinkit’s growth. This and more in today’s ETtech Morning Dispatch.
Qualcomm may cut 600-1,200 jobs in India as part of global restructuring
Qualcomm has not disclosed the scale of the planned job cuts or the number of positions that could be affected, and it did not respond to ET’s queries on the matter.
BioWare games shutdown: Why is Electronic Arts-EA closing, laying off employees of video game developer? What will happen to Mass Effect 5, Marvel's Iron Man, Star Wars Jedi?
BioWare games shutdown: EA also said it was restructuring the team behind skateboarding simulation "skate." into a smaller, more focused studio
Richard Riehle cause of death: Office Space actor dies at 78 after long Hollywood career
Richard Riehle, a beloved character actor known for his memorable performance in Office Space, has sadly passed away at the age of 78. His death, confirmed last Thursday at his Los Angeles home, marks the end of a prolific career that spanned over 400 film and television roles. Fans fondly remember his portrayal of Tom Smykowski and his extensive contributions to the entertainment industry.
Zoho’s Vembu refuses to lay off people even as AI squeezes SaaS companies
The cofounder and chief scientist of the SaaS firm said Zoho retrains people to deploy on new products or helping customers better, when AI productivity enables smaller teams.
Netflix lays off 6% of its workforce: Employee shares why he feels ‘relieved’: ‘I have no idea…’
Netflix has slashed about six percent of its workforce – this has impacted more than 1,000 employees in total. Taking to Reddit, one Reddit user admitted that the recent surge of layoffs at Netflix has left him feeling relieved – he had survived and retained his job, but also immensely guilty.
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