Explore the latest Layoffs news, trends, AI innovations, HR analytics, and digital workplace insights. Stay updated with expert opinions and industry developments.
According to the reports of Business Today, an international professional services company, Deloitte...
The year has seen a downfall in hiring and an increase in the number of layoffs. Now, reports h...
In accordance with Bloomberg Reports, Meta formerly known as Facebook will layoffs companywide as it...
One of the Big Four accounting firms, Ernst & Young (EY) will cut 3,000 Jobs or 5% nearly of its Workforce in the US due to ‘Overcapacity’. The announcement follows less than a week after the unit’s objection torpedoed the global accounting giant’s plan to break up its audit and consulting units. Also Watch, Recession […]
IT company, Amplitude co-founders Spenser Skates, Curtis Liu, and Jeffrey Wang sent an email announcing the decision to reduce the company’s global team by 13%. Amplitude is a digital analytics platform that gives self-service visibility into the entire customer journey. The IT company has the brain behind more than 45,000 digital products at over 1,000 […]
Earlier Google had announced to elimination or reduction of several perks, including some of the company’s micro kitchens. This provided employees with free snacks like cereal, espresso, and seltzer water. The company was making changes in its companywide benefits as it seeks to reallocate funds and create cost-cutting measures. The company has suspended the provision of […]
Healthtech startup Practo has sacked nearly 41 employees due to Performance Issues. “As always, we are and will remain fully committed to providing the requisite support to all employees who may be impacted,” said Practo, in a statement. The company has terminated the employees based on the performance management and planning process. However, the company is […]
According to the reports of the Business Standard, Both the tech companies Google & Amazon have recently announced the sack of thousands of employees. However, the companies are offering salaries so they leave voluntarily. Google Speaking about the geographical bifurcations in Europe mass layoffs are not possible due to labor protections. Prior to the layoffs, […]
The e-commerce technology company, Amazon has recently announced to sack more than 100 employees from its gaming division. The company is ongoing efforts to restructure and streamline its operations resulting in layoffs. The company’s Games VP Christoph Hartmann wrote a memo to staff and informed them about the job cuts. Christoph Hartmann wrote, “After evaluating […]
The year 2023 started off with the layoff note. Many Tech companies have sacked lakhs of employees. Recently, Microsoft conducted another round of layoffs which affected 10,000 employees. Among the affected employees who lost their jobs a woman named Ann Pfeiffer has shared her experience. The company has fired the employee after over 25 years of service. […]
According to a Bloomberg report, Consulting giant McKinsey & Company is embarking on a rare round of major job cuts, with plans to eliminate about 1,400 jobs this week. The job cut is nearly 3% of the total workforce. The company is laying off employees due to a global economic downturn. The company is restructuring […]
The year 2023 started on a layoff note. So far in 2023, there have been 708 layoffs at tech companies with 211,140 people impacted (2,427 people per day). In 2022, there were 1,535 layoffs at tech companies 241,176 people were impacted. There can be many reasons behind sacking an employee. Companies are laying off employees due to poor performance, cost-cutting, or due to economic uncertainty. […]
Microsoft-owned, AI-powered developer platform GitHub has sacked its entire engineering team operating in India. This has affected nearly 100 employees. Gergely Orosz, Tech writer has shared the information through a Tweet, “What I am hearing: GitHub’s India engineering team is no more. Yesterday, the complete dev team was let go at once. We’re talking of […]
The US and European banks are currently facing a financial crisis. This will adversely affect India’s many IT services companies including Tata Consultancy Services (TCS), Wipro, HCL, and Infosys. The reports suggested that the regional banks in the US account for 2-3 percent of their total revenue. However, TCS, Infosys, and Mindtree may have an exposure of 10-20 basis […]
There is no end to layoffs recently an American worldwide employment website, Indeed has sacked 2,200 employees roughly 15% of the workforce. The company’s severance package will have some additions based on role and location, but under the severance agreement employees will receive: Indeed CEO Chris Hyams wrote, “I am heartbroken to share that I have made […]
