Explore the latest Layoffs news, trends, AI innovations, HR analytics, and digital workplace insights. Stay updated with expert opinions and industry developments.
Apple has indeed confirmed layoffs, affecting over employees, following reports of the cancellat...
The reported complaint against Tata Consultancy Services TCS filed by over employees in the US ...
Amid a sector-wide downturn, McKinsey, a global management consulting firm plans to offer compensati...
Byju’s, an edtech company, commenced layoffs via phone calls, bypassing performance improvement plans (PIP), as reported by Moneycontrol. Employees are reportedly not required to serve a notice period. Byju’s latest layoffs, as per the report, might affect 100 to 500 employees, primarily impacting the sales department within the company. Over the past two years, Byju’s […]
Zee Entertainment initiated cost-cutting measures, slashing 50% of its tech team at the Bengaluru innovation center following the failed merger with Sony. According to a press release, the company announced layoffs, led by CEO Punit Goenka, to optimize resources and establish a cost-effective structure aimed at fostering sustained growth. However, Zee did not disclose the […]
Italian-American automaker Stellantis slashed over 400 roles across its US engineering, software, and tech sectors. The method of layoffs stirred controversy, as per Fortune magazine. Stellantis enforced a compulsory remote work day on Friday, March 22. Subsequently, the company conducted the dismissals remotely. This approach has drawn attention and criticism, reflecting evolving trends in remote […]
In a filing as of February 2, 2024, Dell had approximately 120,000 employees. As per reports of India today the company had 1,26,000 employees. The company said throughout Fiscal 2024, it has continued to take certain measures to reduce costs, including limiting external hiring, employee reorganizations, and other actions to align the investments with the announced […]
Ericsson, a Swedish multinational networking and telecommunications company plans to cut 1,200 jobs due to decreased demand. The company expects a challenging mobile networks market in 2024, with further volume contraction as customers remain cautious. In line with managing lower volumes, the company has announced proposed staff reductions in Sweden. This measure is part of […]
Unilever has announced initiative to expedite its Growth Action Plan (GAP) by splitting its Ice Cream division and initiating a significant productivity program. The division of Ice Cream will aid Unilever’s leadership in expediting the execution of its GAP, introduced in October 2023. This strategy aims to streamline operations, enhance productivity, and foster a performance-driven […]
The flag carrier airline of India, Tata Group, Air India has terminated employment for over 180 non-flying employees. CNBC reported Air India’s statement, “As part of the fitment process, employees in non-flying functions have been assigned roles based on organisational needs and individual merit.” “A comprehensive process has been followed to assess the suitability of […]
As per the reports of Money Control, one of India’s largest digital payment apps, Paytm expects to reduce its workforce by approximately 20%. However, the exact number is still unknown. The company’s current annual appraisal cycle could be driving these layoffs, with job cuts possibly being influenced by individual performance evaluations during this period. The report […]
An international energy company, Shell intends to trim its Deals Team workforce by at least 20% as part of ongoing efforts to streamline its business operations and lower expenses through restructuring. There are no official announcements regarding layoffs on the company’s end. However, according to Bloomberg, The spokesperson said, “Shell aims to create more value […]
According to a CNBC report, IBM (International Business Machines Corp) initiated layoffs in its marketing and communications division without specifying the number of affected jobs. Chief Communications Officer Jonathan Adashek allegedly disclosed the decision in a brief 7-minute meeting. IBM’s CEO, Arvind Krishna, previously stated plans to pause hiring for roles susceptible to automation, citing […]
As the contract between Cognizant and Google came to an end, YouTube Music employees who were subcontracted through Cognizant faced layoffs. The workers had been asking for better pay and benefits for a year. Jack Benedict, a YouTube data analyst video was shared on the social media platform X highlighting the issue. The video headline […]
The popular Dating App Bumble to sack employees as the company intends to reduce its global workforce by approximately 350 roles to better align its operating model with future strategic priorities and to drive stronger operating leverage. The popular Dating App Bumble expects to incur approximately $20 million to $25 million of non-recurring charges, consisting […]
