Cost Cutting: HR News, Trends & Workplace Insights

Latest Cost Cutting HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Cost Cutting.

Updated on: May 2023

Industry

Cognizant eliminates - of office space in Chennai DLF

May 19, 2023

Cost-cutting measures by companies thread are incredibly funny?

Due to economic uncertainty, there have been many companies that have either laid off employees or t...

Industry

Apr 15, 2023

Cost-cutting measures by companies thread are incredibly funny?

Microsoft HR boss wrote a legendary memo years ago on employee perks cost-cutting

Steven Sinfosky, the former President of Microsofts Windows business shared the memo on Twitt...

Industry

Apr 7, 2023

Microsoft HR boss wrote a legendary memo years ago on employee perks cost-cutting

Amazon shuts down its wholesale business in India

The e-commerce company, Amazon is shutting down its wholesale distribution business in India. This i...

Industry

Dec 1, 2022

Amazon shuts down its wholesale business in India

Industry

Unacademy Cuts Down ‘Unnecessary Expense’ To Focus On Profit

Edtech unicorn Unacademy has announced that it will be cutting down ‘Unnecessary Expenses’ so that the company can focus on profit. Founder and CEO Gaurav Munjal said in an employee note that for Unacademy staff there will be few changes moving forth such as Pay Cut, No Free Meals, and No Biz Class Travel. The […]

Jul 12, 2022

Industry

Unacademy lays off 600 employees as part of a cost-cutting measure

Edtech unicorn Unacademy, which recently launched an experience centre- Unacademy Store, has laid off nearly 600 employees, almost 10% of its workforce. The SoftBank-backed start-up employs over 6,000 people, and this firing is said to be a cost-cutting measure. Sources familiar with the development said nearly half of the employees fired were educators, and they were […]

Apr 8, 2022