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downsizing: HR News, Trends & Workplace Insights

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

Updated on: Jun 2024
Paytm lays off employees to improve cost efficiency
Layoffs

Paytm lays off employees to improve cost efficiency

Jun 10, 2024

An Employee Feels Survivorship Guilt After Team was laid off

In a recent Reddit post, an employee shared his emotions following his companys mass layoff o...

Layoffs
Jun 7, 2024
An Employee Feels Survivorship Guilt After Team was laid off

Ola Electric Cuts Jobs for Cost Reduction

According to Economic Times, Ola Electric is preparing to downsize its workforce by approximately ...

Layoffs
Jun 3, 2024
Ola Electric Cuts Jobs for Cost Reduction

Paytm plans to cut ,-, jobs amid the crisis

A multinational financial technology company, Paytm plans to cut ,-, jobs amid the crisis. T...

Layoffs
May 25, 2024
Paytm plans to cut ,-, jobs amid the crisis
Infosys plans to avoid any job cuts & retain its talent pool
Industry

Infosys plans to avoid any job cuts & retain its talent pool

An Indian multinational information technology company, Infosys stands apart from industry trends triggered by GenAI, refraining from job reduction or any form of job cuts seen elsewhere. The company maintains a steadfast commitment to its workforce, ensuring stability amidst technological shifts. This strategic approach underscores Infosys’ resilience and dedication to fostering a supportive environment amid […]

May 24, 2024
Ex-Infosys Employee Claims Unfair Layoffs in Viral Post
Layoffs

Ex-Infosys Employee Claims Unfair Layoffs in Viral Post

A former employee of Infosys, an Indian multinational IT company, shared a LinkedIn post from Kumar Shubham, who worked as a Senior System Engineer. In his LinkedIn post, Kumar Shubham alleged that Infosys has engaged in unfair layoffs. This post has since gone viral, sparking a wide array of reactions from the online community. Many […]

May 17, 2024
Walmart to Cut Hundreds of Corporate Jobs, Relocate Some
Layoffs

Walmart to Cut Hundreds of Corporate Jobs, Relocate Some

According to WSJ, Walmart is undergoing a significant restructuring, with plans to slash hundreds of corporate positions while urging many remote employees to transition back to office settings. Specifically, employees based in smaller offices located in Dallas, Atlanta, and Toronto are being directed to relocate to larger central hubs, including Walmart’s corporate headquarters in Bentonville, […]

May 14, 2024
Indeed to layoff 1,000 employees, 8% of the workforce: CEO
Layoffs

Indeed to layoff 1,000 employees, 8% of the workforce: CEO

Career website, Indeed plans to layoff approximately 1,000 employees, constituting around 8% of its workforce to streamline its organizational structure. Layoffs target specific departments, primarily R&D and Go-to-Market teams, with a heavier impact in the U.S. The restructuring spares certain groups and regions but signals a strategic shift. Indeed CEO Chris Hyams underscores the targeted […]

May 14, 2024
Healthify is reducing its workforce by 27%
Layoffs

Healthify is reducing its workforce by 27%

According to Inc 42, the World’s Largest AI Health & Fitness App, Healthify is slashing its workforce by 27% or nearly 150 employees. However, Healthify is committed to ensuring that those impacted by the restructuring are provided with the necessary resources and assistance to navigate this period of change with confidence and stability. During this […]

Apr 29, 2024
Whirlpool to cut 1000 jobs worldwide in restructuring move
Layoffs

Whirlpool to cut 1000 jobs worldwide in restructuring move

A leading kitchen and laundry appliance company, Whirlpool is planning to cut 1000 jobs worldwide in a restructuring move. According to Reuters, The company announced initial job cuts in March and anticipates implementing a second wave of reductions by early May. Whirlpool aims to trim up to $400 million in costs this year, the Wall […]

Apr 26, 2024
Microsoft worker fired after over 30 years; reveals cause of layoffs
Social Media

Microsoft worker fired after over 30 years; reveals cause of layoffs

An American multinational corporation and technology company, Microsoft has recently laid off an employee after over 30 years of service. Jeff Bogdan, former Director of Learning and Development, Microsoft Windows shared the LinkedIn post saying, “My 33-year run with the wonderful Microsoft came to a close in February, when my job was eliminated. “I spent […]

Apr 17, 2024
McKinsey is offering 9 months’ pay to leave the firm & find new Job
Layoffs

McKinsey is offering 9 months’ pay to leave the firm & find new Job

Amid a sector-wide downturn, McKinsey, a global management consulting firm plans to offer compensation to numerous senior employees opting to depart, aiming to trim its workforce. This initiative reflects McKinsey’s strategy to mitigate the impact of the downturn on its operations while allowing affected employees the opportunity to explore other career paths with financial support. […]

Apr 3, 2024
Ericsson to cut 1,200 jobs due to decreased demand
Layoffs

Ericsson to cut 1,200 jobs due to decreased demand

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 […]

Mar 26, 2024