The restructuring aligns with Porter’s strategy to consolidate resources and ensure long-term profitability following a strong financial performance in FY25.
Browsing: corporate lay off
The layoffs impact nearly 4% of Amazon’s 350,000 corporate employees.
Zepto has initiated a large-scale automation and restructuring drive, leading to the exit of over 500 employees both on-roll and off-roll over the past six months.
Gameskraft has laid off around 120 employees across operations, technology, marketing, finance, and customer support as part of a restructuring exercise.
Ola Electric lays off over 1,000 employees amid rising losses, cost-cutting, and operational restructuring.
This decision, communicated by CEO Brian Niccol on February 24, 2025, marks the largest layoff in the company’s history.
Sharan Hegde, finance influencer and co-founder of One Percent Club, recently announced a layoff affecting 15% of the company’s workforce.