Explore the latest Layoffs news, trends, AI innovations, HR analytics, and digital workplace insights. Stay updated with expert opinions and industry developments.
A new-age used car end-to-end platform in India, Spinny will cut around jobs in order to boost p...
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The two major employers, Ericsson is to cut of its US jobs amp Accenture plans to cut jobs...
Byju’s employee Akansha Khemka from Kolkata has burst into tears in a video message company is forcing her to resign and threatening to withhold her salary beyond August 1. She has been seeking support from the government for saving employees from a ‘toxic‘ work culture. Akansha Khemka has recently shared a LinkedIn Post saying, “I […]
India’s leading e-commerce company, Flipkart-owned Myntra will layoff employees amid restructuring. Additionally, it is expected that the e-commerce company is likely to eliminate about 50 roles across the organization. “In our endeavor to cater to the ever-evolving needs of our customers, new developments, and technology innovations, we recalibrate our business priorities and review our organizational structure […]
In an interview with The Indian Express, MoS IT Rajeev Chandrasekhar said that the overestimation of demand led to post-COVID job cuts. Rajeev Chandrasekhar stated, “If we look at the tech space, layoffs occurred post-Covid. It happened to companies like Google, Microsoft, Meta, and even smaller startups. When the world was emerging from Covid, everyone […]
The year 2023 has been a year of layoffs over 3 Lakhs employees (1,600 people per day) were laid off in 2023. The move of layoffs is part of a larger trend of tech companies cutting jobs and slowing hiring as investors become increasingly fearful of a recession. Tech companies have either frozen the hiring process or […]
A DIY platform that enables merchants with zero programming skills to set up their e-commerce store using smartphones, Dukaan has replaced 90% of customer support staff with an AI chatbot. Suumit Shah, Founder of Dukaan® shared a Tweet from the official Twitter handle saying, “We had to lay off 90% of our support team because of […]
An American multinational technology corporation, Microsoft has recently laid off 276 employees in a new job cut round. A Microsoft spokesperson stated, “Organisational and workforce adjustments are a necessary and regular part of managing our business.” “We will continue to prioritize and invest in strategic growth areas for our future and in support of our […]
An Indian e-commerce company, Flipkart is set to provide a one-time cash payout for its employees. According to a report by the Business Standard, The company will be providing a $700 million employee stock option (Esop) buyback and it will be disbursed by July 31. The Eligible current and former employees will receive approximately Rs 3,615 […]
An Indian multinational steel-making company, Tata Steel has sacked 35 employees for breach of the ethical code according to TOI reports. Tata Steel chairman N Chandrasekaran said, “The company has made significant acquisitions in the last few years and initiated a drive for an open culture.” “Employee can express his or her concerns. It could […]
2023 is the year of layoffs, top leading companies have been laying off thousands of employees. Recently, KPMG has laid off 2,000 US workforce and Deutsche Bank to reduce 1700 jobs. KPMG has laid off 2,000 jobs One of the Big Four accounting organizations, KPMG is laying off 5% of its U.S. employees due to “economic […]
A transportation conglomerate, Uber is laying off 200 employees from its recruitment division. The layoffs are due to cross-cutting measures. As per the reports of Reuters, Uber is sacking 35 percent of its workforce from the recruitment team. Earlier, the company laid off 150 jobs in its freight services division. The reductions affect less than […]
OLX Group, the online marketplace and classifieds business arm of Prosus, has announced the reduction of approximately 800 jobs worldwide The company has started shutting down operations of its automotive unit, Olx Autos, in certain markets after exploring potential buyers and investors 6 months earlier, OLX’s planned to reduce its global workforce by 1,500 employees […]
A Bengaluru-based health tech Mojocare layoffs 80 percent of its workforce nearly 160 employees. The layoffs are to improve capital efficiency and unit economics. The company said in a statement said, “A majority of Mojocare investors initiated a review of the company’s financial statements. While the analysis remains ongoing, initial findings have uncovered financial irregularities […]
