Entreprenuernewsnetwork

Citigroup announces new round of job cuts

Citigroup Inc has announced a new round of job cuts in its US investment banking division as part of its ongoing restructuring efforts. According to documents filed with the New York State Department of Labour on April 1, the company plans to terminate 430 employees. These job reductions are expected to primarily impact employees in … Read more

Healthtech startup MFine lays off over 500 employees

According to employees interviewed by Moneycontrol, healthtech business MFine, owned by Novocura Tech Health Services, has cut off around 500 employees due to a financial shortage at the Beenext and Stellaris-backed startup. The Bengaluru-based business employs around 1,000 people and has laid off workers in the data science, engineering, and product areas. A few individuals … Read more

Cars24 Lays Off 600 Employees To Cut Cost

Following Vedantu, Unacademy, and Meesho, Cars24, an upcoming IPO, has laid off about 600 staff in the last few weeks. Across divisions, the startup has primarily laid off people in lesser levels. According to the article, the company employed roughly 9,000 people before the layoffs. According to these people, layoffs have occurred across departments and … Read more