Sony lays off hundreds at PlayStation, closes down the London studio | – Times of India

Sony is laying off approximately 900 employees from its PlayStation division, representing around 8% of the unit’s global workforce. In an email to staff, PlayStation President and CEO Jim Ryan called it an “extremely hard decision” made after “careful consideration and many leadership discussions over several months.” Ryan said the layoffs aim to “streamline resources”…

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Japan proposes law to classify more information as confidential | World News - Times of India

Japan proposes law to classify more information as confidential | World News – Times of India

TOKYO: Japan‘s government on Tuesday proposed legislation that will allow it to classify more information as confidential and ask employees at companies with access to it to undergo security clearance checks.The bill, however, will likely face resistance from opposition lawmakers, who argue the new rules could impinge on civil liberties.Prime Minister Fumio Kishida’s administration says…

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TCS CEO on why work from home is not good for the company as well as employees | – Times of India

At a Nasscom event, TCS CEO K Krithivasan, the CEO, affirmed the company’s commitment to discontinuing remote work. He emphasised the company’s initiative to bring employees back to the officestating that crucial learning experiences are derived from observing colleagues and superiors in action, experiences that cannot be replicated in a remote work environment.Krithivasan expressed his…

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Cognizant headcount declines by 7,600 to 3.4 lakh – Times of India

BENGALURU: Cognizant‘s headcount shrank by 7,600 employees to 3.4 lakh employees in the 2023 financial year compared to the corresponding period last year. The reduction in net hiring in several IT firms reflects subdued macroeconomic indicators, continued pressure in banking and financial services, decision-making cycles are now longer, and there’s softness in discretionary spending.The Nasdaq-listed…

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Cisco to Lay Off 4,200 Employees: Job Security Concerns in the Tech Industry | – Times of India

Joining the ever-growing list of tech companies that are laying off employees in Cisco. During its quarterly earnings callthe US-based tech company revealed that it will lay off thousands of employees. “On February 14, 2024, Cisco announced a restructuring plan in order to realign the organisation and enable further investment in key priority areas. This…

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iRobot Layoffs: 350 Employees Sacked as Amazon Deal Ends | – Times of India

iRobota popular robotics vacuum cleaning solutions provider, has revealed an organisational restructuring plan. In a statement, the company said the restructuring plan is designed to position the company for stabilisation in the current environment, “while focusing on profitability and advancing key growth initiatives to extend its market share in the mid-tier and premium segments.”The restructuring…

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