Yandex LLC is a multinational technology company that provides online services, including advertising, ride-hailing, maps and navigation, and e-commerce. The company was recognized as the largest technology firm in Russia, as of 2017, with its search engine ranking 3rd globally, after Google and Bing. Yandex N.V., headquartered in Amsterdam, is the holding company of Russian…
Snap to Layoff 10%
Snapchat is a multimedia instant messaging platform developed by Snap Inc. The primary feature of the social media platform is that messages and posts are only available for 24 hours or less. It was founded in 2011, with its headquarters in California. According to reports, Snap has announced plans to lay off 10% of its…
Zoom to Layoff 150
Zoom Video Communications Inc., commonly referred to as Zoom, is a technology company that specializes in video conferencing, voice calls, and online chat services through its cloud-based software platform. Zoom was founded in 2011, with its headquarters in California, USA. According to recent reports, Zoom has announced plans to layoff 150 employees in a bid…
Polygon Labs to Layoff 60
Polygon Labs was launched in 2017 as a blockchain platform that creates a multi-chain system compatible with Ethereum. It was formerly known as Matic Network. According to its website, the company has facilitated over 2.44 billion transactions, deployed over 1.17 million smart contracts, and has recorded $12.8 billion in sales volume. According to recent reports,…
Tesla recalls 2,193,869 vehicles
Tesla has issued a recall of 2,193,869 vehicles due to small font sizes on warning panels that could increase the risk of a crash. According to the notice from the National Highway Traffic Safety Administration (NHTSA), an incorrect font size is displayed on the instrument panel for the Brake, Park, and Antilock Brake System (ABS)…
Flexport to Layoff 15%
Flexport Inc. is an American multinational corporation that specializes in supply chain management and logistics. Other services rendered include delivery, trade financing, insurance, freight forwarding, and customs brokerage. The company was founded in 2013 and is headquartered in San Francisco, California. According to recent reports, Flexport has announced job cuts of 400 employees, which amounts…
Okta to Layoff 400
Okta, Inc., formerly known as Saasure Inc., is an identity and access management company that offers cloud software solutions to help companies manage and secure user authentication for applications. It also provides developers with tools to integrate identity controls into applications, devices, and web services. The company was founded in 2009 and is headquartered in…
Wattpad To Layoff 30
Wattpad is a website that publishes original literature, offering publishers and readers the ability to connect. It was launched in 2006, with its headquarters in Ontario, Canada. Wattpad boasts of more than 90 million monthly users, with over 665 million story uploads as of 2021. The company is a subsidiary of Naver Corporation, an internet…
PayPal to Layoff 2,500
PayPal Holdings Inc. is a multinational financial technology company that specializes in online payment systems for businesses, online retailers, and commercial customers. The company was founded in 1998 as Confinity, with its headquarters in California, USA. By 2012, PayPal had processed over $145 billion USD in payments. According to recent reports, PayPal released a statement…
Eidos-Montréal to Layoff 97
Eidos Interactive Corporation, trading under the name Eidos-Montréal, is a video game developer headquartered in Quebec, Canada. The company is a subsidiary of the Embracer Group AB, based in Karlstad, Sweden. Eidos was founded in 2007 and has developed games like Marvel’s Avengers, Guardians of the Galaxy, and Shadow of the Tomb Raider etc. According to…