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: Jul 2024

Layoffs

Regional Labour Commissioner Blr summoned Paytm over layoffs

Jul 9, 2024

Yes Bank lays off employees as part of restructuring efforts

An Indian private sector bank, Yes Bank has undertaken an internal restructuring that has resulted i...

Layoffs

Jun 26, 2024

Latest news: Yes Bank lays off employees as part of restructuring efforts - SightsIn Plus

IT Sector Faces Silent Layoffs Nearly , Jobs Lost in

The year has been a turbulent period for the IT and Tech sector, with nearly , employees ...

Layoffs

Jun 23, 2024

Paytm Employees Complain to Labour Ministry Over Layoffs

According to Moneycontrol, several employees of the fintech platform Paytm have filed a complaint to...

Layoffs

Jun 22, 2024

Layoffs

Paytm lays off employees to improve cost efficiency

One97 Communications, the parent company of Paytm, is implementing layoffs of an undisclosed number of employees as part of its restructuring efforts. This move aims to improve cost efficiency and streamline operations. The company has also committed to providing outplacement support to help the affected employees transition to new job opportunities. However, One97 Communications Limited […]

Jun 10, 2024

Layoffs

Kissflow to lays off 45-50 employees

According to Money Control, Kissflow has reduced its workforce by approximately 15 percent, affecting around 45-50 employees. This downsizing spans across various departments, including sales, marketing, and product development. The layoffs were a consequence of the recent shutdown of certain products. Additionally, the decision followed the company’s annual performance reviews, which likely influenced the evaluation […]

Jun 10, 2024

Layoffs

An Employee Feels Survivorship Guilt After 80% Team was laid off

In a recent Reddit post, an employee shared his emotions following his company’s mass layoff of 80% of his team. He expressed his emotions and lamented the lack of communication and closure, noting how his colleagues, already grappling with personal difficulties, were impacted by the sudden upheaval without warning or support. Sharing his views and […]

Jun 7, 2024

Layoffs

Google & Microsoft to lay off hundreds of roles: Report

According to several media reports the top two leading IT firms Google and Microsoft lay off hundreds of roles. Google, led by Sundar Pichai laid off around 100 employees in its cloud unit last week. These cuts impacted sales, consulting, marketing, operations, and engineering departments, according to a CNBC report. A Google spokesperson said that […]

Jun 4, 2024

Layoffs

Ola Electric Cuts 500 Jobs for Cost Reduction

According to Economic Times, Ola Electric is preparing to downsize its workforce by approximately 400-500 employees across various departments. This restructuring initiative is slated to unfold over the forthcoming weeks as part of a broader strategy to trim operational expenditures in anticipation of the company’s impending initial public offering (IPO). However, the precise extent of […]

Jun 3, 2024

Layoffs

Paytm plans to cut 5,000-6,300 jobs amid the crisis

A multinational financial technology company, Paytm plans to cut 5,000-6,300 jobs amid the crisis. The company may cut around 15-20 percent of its workforce. In recent years, employee costs have increased due to investments primarily in technology, merchant sales, and financial services. For the coming year, while Paytm continues to invest in the merchant sales team […]

May 25, 2024

Layoffs

Ex-Infosys Employee Claims Unfair Layoffs in Viral Post

A former employee of Infosys, an Indian multinational IT company, shared a LinkedIn post from Kumar Shubham, who worked as a Senior System Engineer. In his LinkedIn post, Kumar Shubham alleged that Infosys has engaged in unfair layoffs. This post has since gone viral, sparking a wide array of reactions from the online community. Many […]

May 17, 2024

Layoffs

Walmart to Cut Hundreds of Corporate Jobs, Relocate Some

According to WSJ, Walmart is undergoing a significant restructuring, with plans to slash hundreds of corporate positions while urging many remote employees to transition back to office settings. Specifically, employees based in smaller offices located in Dallas, Atlanta, and Toronto are being directed to relocate to larger central hubs, including Walmart’s corporate headquarters in Bentonville, […]

May 14, 2024

Layoffs

Indeed to layoff 1,000 employees, 8% of the workforce: CEO

Career website, Indeed plans to layoff approximately 1,000 employees, constituting around 8% of its workforce to streamline its organizational structure. Layoffs target specific departments, primarily R&D and Go-to-Market teams, with a heavier impact in the U.S. The restructuring spares certain groups and regions but signals a strategic shift. Indeed CEO Chris Hyams underscores the targeted […]

May 14, 2024

Industry

Air India Express sacks 30 employees after mass sick leave

Air India Express has terminated nearly 25-30 employees after mass sick leave. Moreover, the remaining employees were given an ultimatum to join duty by 4 pm today. The termination letters issued read, “An overwhelming number of other cabin crew members have also reported sick and not reported for their duties. This clearly points to a […]

May 9, 2024

Layoffs

Luminar to cut nearly 20% jobs in the current year

Luminar Technologies, known for its lidar sensors crucial for autonomous vehicles, has announced a significant workforce reduction of approximately 20%. Luminar Technologies is marking a pivotal aspect of its restructuring strategy for the current year. The company is undergoing a comprehensive reorganization effort. In addition to the workforce reduction, Luminar is actively exploring the option […]

May 4, 2024

Layoffs

Ola Cab CEO Hemant Bakshi resigns; Company plans 200 job cuts

Hemant Bakshi, who served as CEO of Ola Cabs has resigned from his services. He joined the company 4 months back in January 2024. As per the media reports, Bhavesh Aggarwal will assume responsibility for day-to-day operations, with a new appointment on the horizon to fill Bakshi’s position. His departure coincides with the company’s announcement […]

Apr 30, 2024