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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: Nov 2023
Citigroup plans to lay off of its workforce
Layoffs

Citigroup plans to lay off of its workforce

Nov 8, 2023

Electrolux is expected to layoff , positions

Electrolux Group is expected to layoff approximately , positions, resulting in a restructuring c...

Layoffs
Oct 28, 2023
Electrolux is expected to layoff , positions

Volkswagen plans to sack , jobs

Volkswagennbspis planning to cut , jobs at its troubled software unit Cariad as part of a rest...

Layoffs
Oct 28, 2023
Volkswagen plans to sack , jobs

Google to sack employees from its news division

An American multinational technology company,nbspGoogle to sack employees from its news division. ...

Layoffs
Oct 19, 2023
Google to sack employees from its news division
Nokia to slash 14,000 jobs to save costs
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
After LinkedIn, KPMG lays off about 6% of deal advisory staff in UK
Layoffs

After LinkedIn, KPMG lays off about 6% of deal advisory staff in UK

As reported by Business Today, A multinational professional services network, and one of the Big Four accounting organizations, KPMG is planning to sack nearly 100 jobs in its deal advisory business in the UK. The layoffs at the organization are expected to impact around 6 percent of the 1,700 KPMG deal advisory team in the UK. […]

Oct 18, 2023
LinkedIn lays off 668 roles: Read Email Sent to Employees
Layoffs

LinkedIn lays off 668 roles: Read Email Sent to Employees

Microsoft-owned LinkedIn announced to sacking of 668 employees across the engineering, product, talent, and finance teams. The company said, “Talent changes are a difficult, but necessary and regular part of managing our business. The changes we shared with our team today will result in a reduction of approximately 668 roles across our engineering, product, talent, and […]

Oct 17, 2023
Bizongo to lay off 15% of its employees
Layoffs

Bizongo to lay off 15% of its employees

The AI-powered vendor digitization and embedded financing platform company, Bizongo is to lay off 15% of its employees or 50 employees. A Bizongo spokesperson said, “We are driving sharper focus towards key business goals and in lieu of this, we have reallocated our people.” “Parting ways with people is never easy and these are difficult […]

Oct 9, 2023
Companies Layoffs in 2023, How Affected HR Recruitment Teams
Layoffs

Companies Layoffs in 2023, How Affected HR Recruitment Teams

So far in 2023, there have been 1,618 layoffs at tech companies with 361,343 people impacted (1,304 people per day). In 2022, there were 1,557 layoffs at tech companies and 243,318 people impacted (667 people per day). During these layoffs, companies have also sacked the HR recruitment teams. The move of layoffs is part of a larger trend of tech companies cutting jobs and slowing hiring […]

Oct 4, 2023
An employee gets 37 Lakhs after being sacked for Menopause
Work Model

An employee gets 37 Lakhs after being sacked for Menopause

Karen Farquharson worked at the engineering firm Thistle Marine a female employee from Scotland has been rewarded with over 37,000 pounds (approximately Rs. 37,15,281) in compensation. Karen Farquharson the employee had quit her job after her boss said that she uses menopause as an “excuse for everything.” She had sued the company for unfair dismissal and harassment. […]

Oct 3, 2023
Foodpanda cuts staff in Asia-Pacific amid potential partial sale
Layoffs

Foodpanda cuts staff in Asia-Pacific amid potential partial sale

A subsidiary of Delivery Hero, Foodpanda has planned to cut staff in Asia-Pacific amid a potential partial sale. The company has not disclosed the exact number of layoffs and departments that have been impacted by the job cuts. According to CNBC, Jakob Sebastian Angele, APAC CEO of Foodpanda, said on Thursday in a letter shared with […]

Sep 25, 2023
Byju’s defers to pay laid-off employees full & final settlements
Compensation

Byju’s defers to pay laid-off employees full & final settlements

Earlier in June, An Indian multinational educational technology company, Byju’s had laid off over 1,000 employees across various departments, including mentoring, logistics, training, sales, post-sales, and finance. According to Money Control report, Edtech Major said in a mail to the laid-off employees, “This is to inform you that the full and final settlement amount will be […]

Sep 19, 2023
FedEx announces layoff, Citigroup prepares for job cuts
Layoffs

FedEx announces layoff, Citigroup prepares for job cuts

According to reports, An American multinational conglomerate holding company FedEx will sack a few employees in the IT and finance departments. These layoffs will be part of a realignment and streamlining exercise. Earlier, in February the company FedEx Corp laid off more than 10 percent of its global management staffers as the delivery company faced […]

Sep 15, 2023
Alphabet, Google’s parent company lays off hundreds of employees
Layoffs

Alphabet, Google’s parent company lays off hundreds of employees

The tech giant Google’s parent company Alphabet will be laying off hundreds of employees from its global recruiting team. As per the media reports, the layoff continues amid slow hiring. Moreover, the company is actively assisting affected employees in their search for alternative roles, both within Alphabet and in other organizations. Alphabet is the first “Big […]

Sep 14, 2023
UBS to cut 100 jobs in Asia, Chargebee lays off 10% workforce
Layoffs

UBS to cut 100 jobs in Asia, Chargebee lays off 10% workforce

UBS Group AG is cutting Asia wealth-management jobs in the low hundreds, just months after completing its takeover of rival Credit Suisse as the bank responds to muted client activity and China’s slowing economy. According to various media reports, UBS plans to cut a minimum of 100 positions, including roles such as relationship managers in Hong […]

Sep 12, 2023
Barclays plans layoffs, Goldman Sachs to sack underperformers
Layoffs

Barclays plans layoffs, Goldman Sachs to sack underperformers

According to a Reuters report, Barclays is planning to cut hundreds of jobs across its trading and investment bank divisions. British lending group is planning to remove about 5% of client-facing staff in the trading division along with some dealmakers globally, as well as restructure teams within its UK consumer-banking unit. A Barclays spokesperson said, […]

Sep 9, 2023