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: Jan 2025

Layoffs

Stripe Lays Off Employees, Eyes Workforce Increase by

Jan 23, 2025

Top IT Firms Report Job Cuts in QFY After Hiring Surge

Indias top five IT services companiesTata Consultancy Services TCS, Infosys, HCLTech, Wipr...

Layoffs

Jan 20, 2025

Latest news: Top IT Firms Report Job Cuts in QFY After Hiring Surge - SightsIn Plus

BP Announces Major Job Cuts in Global Cost-Saving Drive

U.K.-based oil giant BP has announced a reduction in its workforce, with plans to cut , jobs wor...

Layoffs

Jan 18, 2025

Latest news: BP Announces Major Job Cuts in Global Cost-Saving Drive - SightsIn Plus

Microsoft Halts Hiring in Consulting Division to Manage Expenses

Microsoft has announced a halt in hiring within its US consulting unit as part of a broader cost-cut...

Layoffs

Jan 15, 2025

Latest news: Microsoft Halts Hiring in Consulting Division to Manage Expenses - SightsIn Plus

Layoffs

ShareChat Faces Another Round of Layoff: 5% Workforce Reduced

ShareChat, the Indian social media platform backed by Google and Temasek, has announced its fourth round of layoffs in the past two years. The company plans to lay off approximately 5% of its workforce, impacting around 20-30 employees across various departments. This decision follows an annual performance review and is part of an ongoing cost-cutting […]

Jan 15, 2025

Layoffs

Meta to Layoff 3,600 Employees; Plans to Hire New Talent

Meta, the parent company of Facebook, Instagram, and WhatsApp, has announced plans to lay off approximately 3,600 employees identified as low performers. CEO Mark Zuckerberg stated that the company will replace these employees with new hires, aiming to raise performance standards and ensure the strongest talent. Performance-Based Cuts Mark Zuckerberg emphasized that the decision to […]

Jan 15, 2025

Layoffs

TaskUs Abruptly Terminates 300 Employees Amid Fraud Allegations

Indore-based TaskUs, a leading business process outsourcing (BPO) and digital transformation services provider, has sparked widespread outrage after abruptly terminating over 300 employees without prior notice. The sudden layoffs have led to protests outside the company’s office, with employees alleging mistreatment and unfair termination. TaskUs Layoffs and Employee Protests The terminations were reportedly carried out […]

Jan 14, 2025

Layoffs

Wall Street Prepares for 200,000 Job Cuts as AI Takes Over

Wall Street is bracing for a significant upheaval as artificial intelligence (AI) continues to advance, with major banks expected to cut up to 200,000 jobs over the next three to five years. This shift is driven by AI’s ability to perform tasks traditionally carried out by human workers more efficiently and accurately. Impact of AI […]

Jan 10, 2025

Layoffs

Apple Fires 185 Employees for Salary Fraud in Charity Clause

Apple has terminated 185 employees from its headquarters in Cupertino following allegations of a sophisticated salary fraud scheme. The investigation revealed that these employees misused the company’s charitable Matching Grants program to inflate their compensation. This program matches employees’ donations to qualified charities with equivalent donations from Apple. Apple Layoffs: Significant Number of Indian Nationals […]

Jan 8, 2025

Layoffs

Silent Firing Rises as Companies Embrace Technological Advances

A recent report by Genius Consultants, a staffing solutions and HR services provider, has highlighted a concerning trend in the corporate world: the rise of “silent firing.” This strategy, where companies indirectly push employees to leave their roles without formal layoffs, has become increasingly common as technological advancements accelerate. Silent Firing: Impact of Technology on […]

Jan 2, 2025

Layoffs

BSNL Plans Second VRS to Reduce Workforce by 35%

Department of Telecommunications (DoT) is preparing to seek approval from the finance ministry for a second voluntary retirement scheme (VRS) at Bharat Sanchar Nigam Limited (BSNL). This move is part of an effort to reduce BSNL’s workforce by 35%, aiming to improve the company’s financial situation. The state-owned telecom operator has requested Rs 15,000 crore […]

Dec 28, 2024

Layoffs

MTNL Implements VRS to Reduce Workforce and Cut Costs

Mahanagar Telephone Nigam Limited (MTNL), a government-owned telecom service provider, has announced the introduction of a Voluntary Retirement Scheme (VRS) aimed at reducing its workforce and cutting costs. The decision, approved by the board of directors on December 23, 2024, is part of a broader strategy to make the organization leaner and more financially sustainable. […]

Dec 25, 2024

Layoffs

Google Cuts 10% of Management Roles Amid Efficiency Drive

In a recent town hall meeting, Google CEO Sundar Pichai announced significant changes to the company’s management structure, revealing a 10% cut in management roles, including directors and vice-presidents. This shift is seen as a response to the challenges posed by AI competitors, particularly OpenAI, whose innovations have challenged Google’s core search business. Details of […]

Dec 20, 2024

Layoffs

YesMadam Fires Employees Who Report Stress in Survey

YesMadam, a startup known for its doorstep beauty services, has come under fire after a leaked internal letter revealed that the company allegedly terminated employees who reported feeling stressed in a company survey. The incident has sparked widespread criticism and raised concerns about workplace stress and employee well-being. YesMadam Layoffs: Details of the Incident The […]

Dec 9, 2024

Layoffs

SpiceJet Cuts 15% of Workforce Amid Financial Struggles

SpiceJet, one of India’s leading low-cost carriers, has reduced its workforce significantly in the fiscal year 2023-24. The airline, which has been grappling with financial challenges, announced the layoff of nearly 1,400 employees, translating to about 15% of its workforce. SpiceJet Financial Struggles and Cost-Cutting Measures SpiceJet’s decision to downsize its workforce is part of […]

Dec 9, 2024

Layoffs

Tech Industry Sees Massive Layoffs in 2024: 149,000+ Jobs Cut

The year 2024 has been marked by a significant wave of layoffs in the tech industry, with major companies such as Intel, Tesla, Cisco, and Microsoft cutting thousands of jobs. This trend reflects the industry’s efforts to cut costs, restructure, and adapt to changing market conditions. According to reports, nearly 150,000 tech workers have lost […]

Dec 4, 2024