Jobs Cut: HR News, Trends & Workplace Insights

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

Updated on: Dec 2023

Layoffs

ZestMoney to shut down, to lay off the remaining employees

Dec 8, 2023

Simplilearn layoffs employees

According to inc, The worlds leading digital skills provider, enabling learners across the ...

Layoffs

Dec 8, 2023

Spotify layoffs of the workforce globally

The worlds most popular audio streaming company, Spotify has reduced of the workforce in ...

Layoffs

Dec 4, 2023

In todays Job Market is Your Job Safe? Or Can You Be Sacked?

Recently, An American artificial intelligence research organization, OpenAI sacked CEO Sam Altman.n...

Layoffs

Nov 21, 2023

In todays Job Market is Your Job Safe? Or Can You Be Sacked?

Layoffs

EdTech firm PhysicsWallah sacks over 100 employees

Indian EdTech Firm, PhysicsWallah (PW) has sacked nearly 120 employees due to a performance review. Satish Khengre, Chief Human Resources Officer at PhysicsWallah said, “At PW, we regularly assess performance through mid-term and end-term cycles.” “For the cycle ending in October, less than 0.8 percent of our workforce, ranging from 70 to 120 individuals with […]

Nov 20, 2023

Layoffs

OpenAI sacked CEO Sam Altman: “The board no longer has confidence”

An American artificial intelligence organization, OpenAI has laid off CEO Sam Altman and Chief Technology Officer. Mira Murati is appointed interim CEO to lead the company. The company said, “Mr. Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering […]

Nov 18, 2023

Industry

TCS office receives a Bomb hoax by a laid-off female employee

An Indian multinational information technology services and consulting company, Tata Consultancy Services (TCS) received a false bomb threat call that created panic among employees. The Police have traced the call. The call belonged to recently laid-off female employees from Karnataka’s Hubballi district. As per the Initial investigations, the former female employee made the fake bomb threat call due […]

Nov 17, 2023

Layoffs

Tata Steel cuts 800 jobs in the Netherlands

As per Reuters, an Indian multinational steel-making company, Tata Steel has sacked 800 employees in the Netherlands. The employees have been impacted by the layoffs due to market conditions and to bring down costs. As per the bifurcation of the layoffs, 500 full-time workers and 300 temporary positions have been impacted in the IJmuiden plant near […]

Nov 14, 2023

Layoffs

Over 4 Lakhs employees lost Jobs in 2023

The year 2023 has been a year of layoffs. Some companies have skipped or rethinking on-campus hiring. However, Over 4 Lakhs employees lost Jobs in 2023. So far in 2023, there have been 1,822 layoffs at tech companies with 402,567 people impacted (1,270 people per day). In 2022, there were 1,557 layoffs at tech companies and 243,318 people impacted (667 people per day). Layoff Months in 2023 […]

Nov 13, 2023

Layoffs

Layoffs 2023: Gaming company, Unity plans to layoff employees

The world’s leading gaming platform, Unity is planning to layoff employees as part of cost-saving measures. However, the exact number of layoffs at Unity is still unknown. In its Q3 earnings report, the company said that it is assessing its product portfolio “to focus on those products that are most valuable to our customers” and is […]

Nov 11, 2023

Layoffs

Amazon has begun layoffs in its Music division

According to Reuters, Amazon has begun cutting jobs in its Music division, the company said on Wednesday, confirming the latest of several rounds of layoffs over the past year that have affected more than 27,000 employees of the retail giant. Employees in Latin America, North America, and Europe received notices that their jobs had been […]

Nov 9, 2023

Layoffs

Citigroup plans to lay off 10% of its workforce

An American multinational investment bank and financial services corporation, Citigroup has planned to lay off 10% of its workforce. According to the reports of CNBC, the managers and consultants working on Fraser’s reorganization — known internally by its code name, “Project Bora Bora” might be affected by the layoffs. The employees affected by the layoffs […]

Nov 8, 2023

Layoffs

Electrolux is expected to layoff 3,000 positions

Electrolux Group is expected to layoff approximately 3,000 positions, resulting in a restructuring charge in the fourth quarter of 2023 of SEK 2-2.5bn, which will be reported as a non-recurring item. The impact is due to weak market demand with consumers mixing down to lower price points has been accompanied by increasing price pressure in […]

Oct 28, 2023

Layoffs

Volkswagen plans to sack 2,000 jobs

Volkswagen is planning to cut 2,000 jobs at its troubled software unit Cariad as part of a restructuring plan. The move of layoffs is part of a larger trend as companies cutting jobs and slowing hiring as investors become increasingly fearful of a recession. Tech companies have either frozen the hiring process or laid off many […]

Oct 28, 2023

Layoffs

Google to sack employees from its news division

An American multinational technology company, Google to sack employees from its news division. “We’re deeply committed to a vibrant information ecosystem, and news is a part of that long-term investment,” the spokesperson said. “We’ve made some internal changes to streamline our organization. A small number of employees were impacted”, the spokesperson added. “We’re supporting everyone with […]

Oct 19, 2023

Layoffs

Nokia to slash 14,000 jobs to save costs

According to Reuters, Finnish multinational telecommunications, information technology, and consumer electronics corporation, Nokia is planning to slash 14,000 jobs to save costs. The layoffs are about 16% job cuts at the high end. The report also stated that Nokia expects to reduce its employee base to between 72,000 and 77,000 employees, from 86,000. The Q3 […]

Oct 19, 2023