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: Nov 2024

Layoffs

Thyssenkrupp Steel Division to Face Major Job Cuts by

Nov 26, 2024

Freshworks Streamlines Operations with Workforce Cut

Freshworks, the California-based IT service management firm, has announced it will lay off approxima...

Layoffs

Nov 26, 2024

Latest news: Freshworks Streamlines Operations with Workforce Cut - SightsIn Plus

LinkedIn Reduces Workforce by in Strategic Realignment

LinkedIn has announced the layoff of approximately employees, which accounts for about one perce...

Layoffs

Nov 25, 2024

Latest news: LinkedIn Reduces Workforce by in Strategic Realignment - SightsIn Plus

Ola Electric to Lay Off Employees in Restructuring Move

Ola Electric, the Bengaluru-based electric vehicle maker, has announced a significant restructuring ...

Layoffs

Nov 21, 2024

Latest news: Ola Electric to Lay Off Employees in Restructuring Move - SightsIn Plus

Layoffs

Deloitte UK’s Advisory Division: 180 Job Cuts in Restructuring

Deloitte, the renowned consulting giant, has announced a significant restructuring plan that will result in the layoff of 180 employees across its UK advisory divisions. This move is part of a broader strategy to navigate the challenging market conditions and streamline operations. Deloitte UK Layoffs: Background and Context This recent round of layoffs follows previous […]

Nov 21, 2024

Layoffs

Salesforce Plans Workforce Reduction at Recently-Acquired Own

Salesforce, the global leader in customer relationship management software, has announced plans to cut jobs at Own, the data management startup it recently acquired for approximately $2 billion. This decision comes as part of Salesforce’s strategy to streamline operations and optimize its structure following years of rapid expansion. Layoffs at Salesforce Acquired Own Own, a […]

Nov 20, 2024

Layoffs

Outrage as CEO Fires 99 Employees for Missing Morning Meeting

A US-based CEO has sparked outrage online after firing 99 employees for missing a morning meeting, leaving only 11 employees in the company. The incident occurred at a marketplace for musical instruments and has drawn widespread criticism. It has reignited debates about toxic workplace leadership and accountability. Incident and Immediate Reactions Controversy began when a […]

Nov 19, 2024

Layoffs

Siemens to Cut Jobs to Streamline Operations and Cut Costs

Siemens AG, the German industrial giant, has announced plans to cut up to 5,000 jobs in its automation division. This decision comes in response to a significant downturn in the sector, driven by global economic challenges and a sharp decline in demand for automation solutions. The company’s CEO, Roland Busch, revealed the potential job cuts […]

Nov 16, 2024

Layoffs

General Motors Reduces Workforce by 1,000 to Save $2 Billion

General Motors (GM) has announced plans to lay off approximately 1,000 employees worldwide as part of a strategy to reduce fixed costs by $2 billion by the end of 2024. The layoffs, primarily affecting white-collar workers, were communicated to affected employees early Friday. The company confirmed the layoffs in a statement but provided few details. […]

Nov 16, 2024

Layoffs

AMD Layoffs Part of Strategy to Compete with Nvidia in AI Chips

Advanced Micro Devices (AMD) has announced a significant restructuring plan, which includes cutting 4% of its global workforce, or approximately 1,000 employees, as the company shifts its focus towards the development of AI chips. This move is aimed at positioning AMD as a strong competitor to industry leader Nvidia in the rapidly growing AI chip […]

Nov 16, 2024

Layoffs

Booking.com to Cut Jobs as Part of Organizational Review

Online travel agency Booking.com, a unit of Booking Holdings, has announced a reorganization plan that could lead to job cuts. The company stated that it is in the early stages of reviewing its organizational structure to ensure agility and competitiveness in the industry. This move is part of a broader strategy to drive customer-centered innovation […]

Nov 11, 2024

Layoffs

Nissan Cuts 9,000 Jobs Globally as Financial Challenges Mount

Nissan Motor Co., Japan’s third-largest automaker, has announced a significant restructuring plan aimed at addressing severe financial and operational challenges. The plan includes cutting 9,000 jobs, a 20% reduction in global manufacturing capacity, and cost-cutting measures to save $2.6 billion. The Japanese automaker has been facing a sharp decline in sales in its key markets, […]

Nov 9, 2024

Layoffs

Freshworks Reduces Workforce by 13% to Streamline Operations

Freshworks, a leading software-as-a-service (SaaS) company, has announced a significant reduction in its global workforce by 13%, impacting approximately 660 employees. This decision is part of a broader restructuring plan aimed at streamlining operations and aligning the company’s resources with its strategic priorities. Freshworks: Restructuring for Efficiency The restructuring plan, initiated in November 2024, is […]

Nov 7, 2024

Layoffs

Bosch Announces 7,000 Job Cuts Amid Economic Struggles

German technology giant Bosch has announced plans to cut over 7,000 jobs worldwide, primarily in Germany, as it faces economic challenges and a lowered growth forecast for 2024. The company’s CEO, Stefan Hartung, stated that Bosch will not achieve its economic targets for the year and further staffing adjustments may be necessary. Bosch: Economic Forecast […]

Nov 6, 2024

Layoffs

KPMG Announces 330 Job Cuts in US Audit Team

KPMG LLP has announced a reduction of approximately 330 positions in its US audit division, representing about 4% of its nearly 9,000 audit employees. The decision, driven by historically low employee turnover, aims to align the size, shape, and skills of the workforce with current market conditions. KPMG Layoffs: Reasons, Impact and Reactions The layoffs […]

Nov 5, 2024

Layoffs

Boeing Eliminates Diversity Office, Citing Financial Pressures

Boeing has recently dismantled its global diversity, equity, and inclusion (DEI) department, according to a report by Bloomberg News. This move is part of a broader cost-cutting strategy that includes plans to eliminate 17,000 jobs, representing 10% of Boeing’s global workforce. Boeing DEI Team: Details of the Restructuring The staff from Boeing’s DEI office will […]

Nov 5, 2024