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: Dec 2023

Layoffs

Nike plans to sack hundreds of employees to cut costs

Dec 26, 2023

Google to lay off , employees due to AI restructuring?

According to various media reports, The IT major, Googles advancement in artificial intellige...

Layoffs

Dec 26, 2023

Latest news: Google to lay off , employees due to AI restructuring? - SightsIn Plus

Paytm to sack more than employees amid cost-cutting

As per ET report, an Indian multinational financial technology company, Paytm will sack over em...

Layoffs

Dec 25, 2023

Latest news: Paytm to sack more than employees amid cost-cutting - SightsIn Plus

Game publisher, Versus Evil shut down, entire team was laid off

Game publisher, Versus Evil has announced that the company will shut down leading to the layoff of t...

Layoffs

Dec 23, 2023

Latest news: Game publisher, Versus Evil shut down, entire team was laid off - SightsIn Plus

Layoffs

Technology company Intel to lay off 235 employees

According to various media reports, an American multinational corporation and technology company, Intel is laying off 235 employees. The company spokesperson said, “Intel is working to accelerate its strategy while reducing costs through multiple initiatives, including some business and function-specific workplace reductions across the company.” Currently, in California Intel has 13,000 employees. As per reports, […]

Dec 20, 2023

Layoffs

Udaan to lay off 100-150 employees

A B2B trade platform, designed specifically for small & medium businesses in India, Udaan to lay off 100-150 employees. These are roughly 10% of the startup’s entire workforce. According to Moneycontrol report, the development comes just days after it had raised $340 million in a series E funding round led by M&G Plc, The employees from peons to […]

Dec 18, 2023

Layoffs

ZestMoney to shut down, to lay off the remaining 130 employees

Buy now pay later (BNPL) firm ZestMoney will be shutting down its operations this month and will lay off the remaining 130 employees. The layoff will affect the 130 employees. However, the company will retain a skeletal legal and finance team to see through the shutdown. The move of layoff came after ZestMoney’s founders resigned in […]

Dec 8, 2023

Layoffs

Simplilearn layoffs 200 employees

According to inc42, The world’s leading digital skills provider, enabling learners across the globe, Simplilearn laid off 200 employees due to poor performance. The layoffs at Simplilearn have impacted employees from the sales, marketing, and operation teams. However, layoffs have been sudden. While speaking with inc42 an employee said, “These layoffs were unexpected. Although […]

Dec 8, 2023

Layoffs

Spotify layoffs 17% of the workforce globally

The world’s most popular audio streaming company, Spotify has reduced 17% of the workforce in its third round of layoffs in 2023. In a note on Monday, CEO Daniel Ek shared the following message about the company’s organizational changes with all Spotify employees. Team, Over the last two years, we’ve put significant emphasis on building Spotify into […]

Dec 4, 2023

Layoffs

Barclays is planning to cut 2,000 jobs amid cost-cutting measures

According to Reuters, British multinational universal bank Barclays is planning to cut 1500- 2,000 jobs amid cost-cutting measures. The bank had previously made efforts to reduce expenses in recent years. This reduction included the reduction of bonuses and jobs in its retail and investment banking businesses. However, now the bank is planning to save costs to […]

Nov 25, 2023

Layoffs

L&T Technology sacks 200 employees

An Indian multinational technology company that provides engineering research and development services, L&T Technology has sacked 200 employees. According to TOI, the company spokesperson said, “We conduct annual performance reviews as a standard process to assess the capabilities of our workforce every year and act appropriately based on skill sets and performance.” “This is essential […]

Nov 24, 2023

Layoffs

In today’s Job Market is Your Job Safe? Or Can You Be Sacked?

Recently, An American artificial intelligence research organization, OpenAI sacked CEO Sam Altman. The company said, “Mr. Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities.” However, Microsoft CEO Satya Nadella appointed the former OpenAI CEO […]

Nov 21, 2023

Layoffs

EdTech firm PhysicsWallah sacks over 100 employees

Indian EdTech Firm, PhysicsWallah (PW) has sacked nearly 120 employees due to a performance review. Satish Khengre, Chief Human Resources Officer at PhysicsWallah said, “At PW, we regularly assess performance through mid-term and end-term cycles.” “For the cycle ending in October, less than 0.8 percent of our workforce, ranging from 70 to 120 individuals with […]

Nov 20, 2023

Layoffs

OpenAI sacked CEO Sam Altman: “The board no longer has confidence”

An American artificial intelligence organization, OpenAI has laid off CEO Sam Altman and Chief Technology Officer. Mira Murati is appointed interim CEO to lead the company. The company said, “Mr. Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering […]

Nov 18, 2023

Layoffs

Tata Steel cuts 800 jobs in the Netherlands

As per Reuters, an Indian multinational steel-making company, Tata Steel has sacked 800 employees in the Netherlands. The employees have been impacted by the layoffs due to market conditions and to bring down costs. As per the bifurcation of the layoffs, 500 full-time workers and 300 temporary positions have been impacted in the IJmuiden plant near […]

Nov 14, 2023

Layoffs

Over 4 Lakhs employees lost Jobs in 2023

The year 2023 has been a year of layoffs. Some companies have skipped or rethinking on-campus hiring. However, Over 4 Lakhs employees lost Jobs in 2023. So far in 2023, there have been 1,822 layoffs at tech companies with 402,567 people impacted (1,270 people per day). In 2022, there were 1,557 layoffs at tech companies and 243,318 people impacted (667 people per day). Layoff Months in 2023 […]

Nov 13, 2023