Layoffs: HR News, Trends & Workplace Insights

Explore the latest Layoffs news, trends, AI innovations, HR analytics, and digital workplace insights. Stay updated with expert opinions and industry developments.

Updated on: Aug 2023

Layoffs

Mark Zuckerberg, wife Priscilla Chan layoff nearly workers

Aug 12, 2023

Mobile Premier League MPL layoffs nearly of its workforce

One of the largest players in the fantasy gaming business, Mobile Premier League MPL layoffs e...

Layoffs

Aug 9, 2023

Dell Technologies plans to lay off sales team employees

An American multinational technology company,nbspDell Technologies will sack its employees in the ...

Layoffs

Aug 8, 2023

Bengaluru-based startup fired employees helping find new jobs

Sambhav Jain and Kush Taneja, co-founders of Bengaluru-based startup fintech app Farm has announced ...

Layoffs

Aug 3, 2023

Latest news: Bengaluru-based startup fired employees helping find new jobs - SightsIn Plus

Layoffs

Spinny used car retailer to cuts jobs to boost profitability

A new-age used car end-to-end platform in India, Spinny will cut around 300 jobs in order to boost profitability. Spinny has about 6,000-6,200 employees and the sackings affect 5 percent of the workforce. The company is currently operating in Delhi-NCR, Bengaluru, Hyderabad, Pune, Mumbai, Kolkata, Chennai, Ahmedabad, Jaipur, Chandigarh, Indore, Coimbatore, Lucknow, Kochi and Surat. […]

Aug 3, 2023

Layoffs

Layoffs in July 2023 include toxic culture, breach of ethical code…

The year 2023 has been a year of layoffs. So far in 2023, there have been 1,330 layoffs at tech companies with 327,228 people impacted (1,529 people per day). In July 2023 14,392 people lost their jobs. In 2022, there were 1,557 layoffs at tech companies and 243,318 people impacted (667 people per day). In an interview with The Indian Express, MoS IT Rajeev Chandrasekhar said that […]

Aug 2, 2023

Layoffs

Ericsson and Accenture to slash 750 and 890 jobs respectively

The two major employers, Ericsson is to cut 750 of its US jobs & Accenture plans to cut 890 jobs from its Irish operations. Ericsson makes a cost-cutting move: 750 US jobs 5G equipment supplier Ericsson said it would cut 750 employees from its North American business as it shutters its field services operation. In […]

Aug 1, 2023

Layoffs

Byju’s employee bursts into tears on toxic work culture & layoff

Byju’s employee Akansha Khemka from Kolkata has burst into tears in a video message company is forcing her to resign and threatening to withhold her salary beyond August 1. She has been seeking support from the government for saving employees from a ‘toxic‘ work culture. Akansha Khemka has recently shared a LinkedIn Post saying, “I […]

Jul 28, 2023

Layoffs

Flipkart owned Myntra to layoff employees amid restructuring

India’s leading e-commerce company, Flipkart-owned Myntra will layoff employees amid restructuring. Additionally, it is expected that the e-commerce company is likely to eliminate about 50 roles across the organization. “In our endeavor to cater to the ever-evolving needs of our customers, new developments, and technology innovations, we recalibrate our business priorities and review our organizational structure […]

Jul 26, 2023

Layoffs

Overestimation of demand led to post-COVID job cuts: Minister

In an interview with The Indian Express, MoS IT Rajeev Chandrasekhar said that the overestimation of demand led to post-COVID job cuts. Rajeev Chandrasekhar stated, “If we look at the tech space, layoffs occurred post-Covid. It happened to companies like Google, Microsoft, Meta, and even smaller startups. When the world was emerging from Covid, everyone […]

Jul 25, 2023

Layoffs

Over 3 Lakhs employees (1,600 people per day) laid off in 2023

The year 2023 has been a year of layoffs over 3 Lakhs employees (1,600 people per day) were laid off in 2023. The move of layoffs is part of a larger trend of tech companies cutting jobs and slowing hiring as investors become increasingly fearful of a recession. Tech companies have either frozen the hiring process or […]

Jul 20, 2023

Layoffs

Dukaan 90% of customer support staff replaced with AI chatbot

A DIY platform that enables merchants with zero programming skills to set up their e-commerce store using smartphones, Dukaan has replaced 90% of customer support staff with an AI chatbot. Suumit Shah, Founder of Dukaan® shared a Tweet from the official Twitter handle saying, “We had to lay off 90% of our support team because of […]

Jul 12, 2023

Layoffs

Microsoft laid off 276 employees in new job cut round

An American multinational technology corporation, Microsoft has recently laid off 276 employees in a new job cut round. A Microsoft spokesperson stated, “Organisational and workforce adjustments are a necessary and regular part of managing our business.” “We will continue to prioritize and invest in strategic growth areas for our future and in support of our […]

Jul 11, 2023

Layoffs

Flipkart employees to get cash payout from $700m Esop buyback

An Indian e-commerce company, Flipkart is set to provide a one-time cash payout for its employees. According to a report by the Business Standard, The company will be providing a $700 million employee stock option (Esop) buyback and it will be disbursed by July 31. The Eligible current and former employees will receive approximately Rs 3,615 […]

Jul 7, 2023

Layoffs

Tata Steel sacks 35 employees for breach of ethical code

An Indian multinational steel-making company, Tata Steel has sacked 35 employees for breach of the ethical code according to TOI reports. Tata Steel chairman N Chandrasekaran said, “The company has made significant acquisitions in the last few years and initiated a drive for an open culture.” “Employee can express his or her concerns. It could […]

Jul 6, 2023

Layoffs

KPMG laid off 2,000 US workforce; Deutsche Bank to cut 1700 jobs

2023 is the year of layoffs, top leading companies have been laying off thousands of employees. Recently, KPMG has laid off 2,000 US workforce and Deutsche Bank to reduce 1700 jobs. KPMG has laid off 2,000 jobs One of the Big Four accounting organizations, KPMG is laying off 5% of its U.S. employees due to “economic […]

Jun 27, 2023