IANS | Mar 23, 2023, 1:25 PM IST
According to Logitech President and CEO Bracken Darrell, the slump in the business was due to challenging global broader macroeconomic environment and "lower enterprise and consumer spending".
Analiza Pathak | Mar 4, 2023, 12:21 PM IST
The report has come as a shock for many as in February this year, the San Francisco-based firm said it is planning to expand its overall headcount in 2023.
Analiza Pathak | Feb 1, 2023, 8:33 AM IST
In November, PayPal had cut its annual revenue growth forecast in anticipation of a broader economic downturn and said it did not expect much growth in its U.S. e-commerce business in the holiday quarter.
India.com Business Desk | Jan 26, 2023, 7:20 AM IST
IBM Layoff: The 110-year old company, which makes more than half of its revenue outside the United States, said it expects a neutral foreign exchange impact on its business this year as the U.S. dollar weakens.
India.com News Desk | Jan 20, 2023, 1:26 PM IST
The employee also mentioned how the their morale at Amazon was in terrible shape, as the mother of all layoffs was approaching.
Analiza Pathak | Jan 19, 2023, 8:49 AM IST
Amazon's layoffs are some of the largest in the industry in raw numbers, but the company is far from alone in cutting jobs. Major companies, like Meta, Snap, DoorDash, and of course, Microsoft, announce that they plan on eliminating hundreds or thousands of jobs throughout 2022 and 2023.
India.com Business Desk | Dec 6, 2022, 8:01 AM IST
PepsiCo Layoff: PepsiCo makes Doritos, Lays potato chips and Quaker Oats, along with its namesake cola. As of Dec. 25 last year, PepsiCo employed about 309,000 people worldwide, including about 129,000 people in the U.S.
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