The news of slashing and layoffs shouldn't come as a surprise as a number of IT businesses have revealed intentions to reduce their workforces; Beginning with Twitter, Meta, Cisco, etc.
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Google has introduced a new review system that requires its managers to identify 6 percent of low-performing staff
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Moody's Corp began winding down the Moody's Analytics business in China this week, which has affected more than 100 employees across Moody's Beijing, Shanghai and Shenzhen offices
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Company's Co-founder and CEO Deepinder Goyal earlier hinted about the layoffs citing role redundancy and strategy to reduce cost as major reasons for job cuts
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The severance takes into account the company’s restructuring plan slated to begin in the second quarter of fiscal year 2023
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Employers must prepare for evolving expectations among a changing workforce, including the ability to work remotely, competitive pay and good benefits, investments in employee happiness, and a focus on DEI initiative
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The focus of the hires is on their high growth areas that include: (a) Study Abroad, (b) 10 Global Campuses, (c) Job enabled etc.
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This layoff would mean it to be the company’s biggest in its 28-year existence
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