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Ride-hailing major Uber is laying off 200-250 employees in India as part of a global restructuring that will see around 3,300 jobs eliminated, people familiar with the matter told ET. This is the second such exercise at Uber India in the past six months
Uber shares rose after the company announced major job cuts. Uber Technologies shares rose about 2.4% in Wednesday morning trading after reports that the company plans to cut around 3,300 jobs, or roughly 10% of its global workforce
Microsoft has placed about 500 employees in India on performance improvement plans (PIPs) and Oracle is laying off around 3,000 people in the country as technology companies restructure their workforces and reallocate budgets towards newer areas.Around 2% of M