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: Sep 2024

Jobs

Dell to Continue Job Cuts Amidst Business Challenges

Sep 11, 2024

Samsung India to Lay Off Executives Amid Business Slowdown

In a significant strategic shift, Samsung Electronics India has announced plans to lay off over ...

Jobs

Sep 11, 2024

Latest news: Samsung India to Lay Off Executives Amid Business Slowdown - SightsIn Plus

Dozee Healthtech Startup Restructures Workforce Laid Off

Bengaluru-based healthtech startup Dozee has recently implemented a significant workforce restructur...

Employment

Sep 7, 2024

Latest news: Dozee Healthtech Startup Restructures Workforce Laid Off - SightsIn Plus

Reliance-Backed Firm Dunzo Cuts of Workforce

In a significant move that reflects the challenges faced by Bengaluru-based Dunzo, the quick-commerc...

Employment

Sep 3, 2024

Latest news: Reliance-Backed Firm Dunzo Cuts of Workforce - SightsIn Plus

Employment

Goldman Sachs Workforce Reductions in Annual Talent Review

In a move that reverberates through the financial industry, Goldman Sachs has initiated workforce reductions as part of its annual review process. The bank plans to cut between 3% and 4% of its workforce, equivalent to approximately 1,300 to 1,800 employees. The Annual Review Process Historically, Goldman Sachs’ annual review process has resulted in workforce reductions ranging from 2% to 7%. […]

Aug 31, 2024

Layoffs

Infosys GenAI Revolution: No Layoffs, Only Growth- CEO Salil

In a significant development, Infosys, one of India’s leading IT services companies, has witnessed robust client interest in Generative AI (GenAI). CEO Salil Parekh recently shared insights into this trend, emphasizing the company’s commitment to innovation and growth. Let’s explore the details. Generative AI: The New Frontier Generative AI, often referred to as GenAI, represents […]

Aug 26, 2024

Labour Law

Tech Firm Five9 Faces Tough Choices; Layoffs Announced

Five9, a San Ramon-based contact center products vendor, has recently announced workforce reduction. The company has decided to lay off approximately 7 percent of its workforce. This move comes as part of the company’s broader efforts to drive balanced, profitable growth and increase shareholder value. The Layoff Announcement by Five9 In an email to employees, […]

Aug 23, 2024

Layoffs

130,482 Tech Layoffs Amid 2024 Turbulence in Industry

The tech industry, which faced a significant shake-up with mass layoffs at the start of 2023, has continued to witness rounds of smaller but impactful layoffs throughout 2024. These job cuts reflect ongoing restructuring efforts as companies adapt to new market realities. According to layoffs.fyi, so far, over 130,482 IT professionals have reportedly lost their […]

Aug 16, 2024

Jobs

Reliance Industries Cuts 42,000 Jobs: An Alarming Move

In a surprising development, Reliance Industries Limited (RIL), one of India’s largest conglomerates, has downsized its workforce significantly. The reduction affects various divisions within the company, with the retail segment being hit particularly hard. Here are the key details: Magnitude of Job Cuts at Reliance Industries RIL’s employee count dropped from 3.89 lakh in the […]

Aug 12, 2024

Employment

Intel Plans Major Layoffs Amid Financial Struggles

According to Bloomberg report, Intel plans to cut thousands of jobs to recover from recent earnings declines and market share losses. The tech firm, employing about 110,000 people (excluding spun-off units), is expected to announce the layoffs this week as part of a cost-cutting strategy, according to sources. The company is facing market headwinds and […]

Jul 31, 2024

Employment

Deutsche Bahn to Cut 30,000 Jobs

Deutsche Bahn, the German railway operator, is set to reduce its workforce by 30,000 positions over the next five years. This includes an immediate cut of 1,500 jobs this year. The decision comes in response to severe financial losses, with the company reporting a €1.2 billion net loss for the first half of the year. […]

Jul 29, 2024

Employment

WayCool Foods Faces Financial Struggles with Latest Layoffs

Chennai-based agri-tech startup WayCool Foods has recently made headlines with its third round of layoffs within a year. The company, facing financial challenges, has let go of over 200 employees across various departments. This move comes as WayCool strives to streamline operations and mitigate mounting losses amid ongoing funding constraints. The Layoffs: A Necessary Measure WayCool’s latest round of […]

Jul 27, 2024

Employment

PwC Layoffs in China’s Financial Services Audit Team

PricewaterhouseCoopers (PwC), a global professional services firm, is facing a critical decision in its China operations. Sources reveal that PwC is considering slashing up to half of its financial services auditing staff in mainland China. This move comes amidst regulatory scrutiny and an exodus of clients, casting a shadow over the firm’s business prospects. Chinese […]

Jul 17, 2024

Employment

Microsoft Faces Backlash After Cutting DEI Team Amid Changing Priorities

In a surprising move, Microsoft recently laid off an internal team focused on diversity, equity, and inclusion (DEI). The decision has sparked debate and raised questions about the company’s commitment to its DEI efforts. Like many tech giants, Microsoft made public commitments to improve diversity and inclusion following the 2020 murder of George Floyd and […]

Jul 16, 2024

Employment

Salesforce cuts 300 jobs in second round layoffs

Salesforce, the renowned software giant, has recently announced a second round of layoffs, affecting approximately 300 employees. This move comes as part of the company’s ongoing efforts to streamline operations and manage costs. Previous Layoffs by Salesforce In January 2024, Salesforce eliminated 700 roles, constituting about 1% of its workforce. Those cuts were distributed across various […]

Jul 16, 2024

Employment

PwC faces talent exodus in China: mass layoffs amid client losses

PricewaterhouseCoopers LLP (PwC), a global accounting firm, is facing a seismic shift in its China operations resulting in mass layoffs. The exodus of corporate clients has dealt a blow to the firm’s revenue prospects, prompting a tough decision, i.e., PwC mass layoffs. At least 100 staffers across different teams in PwC China’s offices are now being shown […]

Jul 12, 2024