Layoffs are being implemented gradually to avoid causing alarm, and there will be additional layoffs in the future.
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Let’s all keep a secret. Just head more cuts coming due to falling sales and a sector-wide slowdown.
Mass layoffs can lead to a drop in a company's stock price if it turns the investor sentiment negative.
75% from Principal and above should go, total 50% Should go!
The process of letting employees go began last December, and since then, they have been gradually losing their jobs over the course of several months to prevent causing any unnecessary panic. There are still more employees who will be laid off in the coming future and more jobs/groups moved to India.