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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: Jun 2022
Udaan lays off - staff nearly of its workforce to cut costs
Layoffs

Udaan lays off - staff nearly of its workforce to cut costs

Jun 28, 2022

Netflix lays off employees in cost-cutting drive

The worlds leading streaming entertainment service, Netflix has laid off employees which ...

Layoffs
Jun 24, 2022
Netflix lays off employees in cost-cutting drive

Tesla Sued By Former Employees Over Mass Layoff

Two former Tesla employees have filed a lawsuit against the electric vehicle giant. The employees we...

Labour Law
Jun 21, 2022
Tesla Sued By Former Employees Over Mass Layoff

Social commerce Citymall lays off employees

The Gurugram-based Social commerce CityMall is slashing jobs as it looks to better navigate the ...

Layoffs
Jun 20, 2022
Social commerce Citymall lays off employees
Unacademy lays off 150 employees from its PrepLadder team
Layoffs

Unacademy lays off 150 employees from its PrepLadder team

The Edtech platform, Unacademy has recently fired a small fraction of its workforce which is 150 employees (2.6% of the workforce). The workforce has been asked to leave as part of a performance improvement programme (PIP). These layoffs currently affected the PrepLadder team that is based out of Chandigarh. This is the company’s second round […]

Jun 20, 2022
Tesla Begins 10% Staff Layoff; Employees Confirm on Linkedin
Industry

Tesla Begins 10% Staff Layoff; Employees Confirm on Linkedin

Elon Musk, CEO of electric vehicle maker Tesla has called for the layoff of 10 percent of the company’s white-collar workforce in an internal company email on June 3. Tesla employees are sharing their pain on social media and said that the layoffs appear to have started last week and have accelerated since then. It […]

Jun 17, 2022
Crypto exchange company Coinbase to cut nearly 1100 jobs
Industry

Crypto exchange company Coinbase to cut nearly 1100 jobs

Cryptocurrency exchange company Coinbase Global Inc has announced that it will slash nearly 18% of its workforce which is about 1,100 jobs. This move has come as a result of reining costs amid volatile cryptocurrency market conditions. The company earlier informed this month that it would extend its hiring freeze for the future and cancel several […]

Jun 16, 2022
SaaS firm, FarEye lays off 250 employees at the time of appraisal
Industry

SaaS firm, FarEye lays off 250 employees at the time of appraisal

FarEye, the Software-as-a-service (SaaS) provider has laid off around 250 employees at the time of their appraisal, according to media reports. FarEye CEO and Co-founder Kushal Nahata said, “With the softness in market conditions, in the year ahead, we are focusing on our efforts and aligning resources in areas that drive maximum value for our […]

Jun 13, 2022
Rupeek lays off 200 employees due to cost cuts
Industry

Rupeek lays off 200 employees due to cost cuts

Bengaluru-based gold loan provider Rupeek has laid off around 200 employees from its workforce across multiple teams. The company has laid off nearly 10-15% of its workforce. The reason behind the layoffs is tough macro conditions and a funding crunch. The company’s founder and CEO Sumit Maniyar told employees about the decision through an email. […]

Jun 8, 2022
Musk feels ‘super bad’ about economy, needs to cut 10% of Tesla jobs
Industry

Musk feels ‘super bad’ about economy, needs to cut 10% of Tesla jobs

Tesla CEO Elon Musk has a “super bad feeling” about the economy and needs to cut about 10% of jobs at the electric carmaker, he said in an email to executives seen by Reuters. The message, sent on Thursday and titled “pause all hiring worldwide”, came two days after the billionaire told staff to return to […]

Jun 6, 2022
Twitter enters restructuring mode, focuses on user growth
Industry

Twitter enters restructuring mode, focuses on user growth

As Twitter pauses hiring, the micro-blogging platform is reportedly shifting employees away from audio Spaces, Communities and newsletters verticals for areas that “will have the greatest positive impact to the public conversation”. The restructuring is happening under Jay Sullivan, the new head of product and interim head of revenue, reports Bloomberg. Twitter CEO Parag Agrawal last month fired […]

Jun 3, 2022
Info Edge-backed startup Udayy shuts down, lays off all employees
Industry

Info Edge-backed startup Udayy shuts down, lays off all employees

Info Edge-backed Edtech startup, Udayy has reported shutting down. This has caused the startup in laying off all its hundred employees. The co-founder of Udayy Saumya Yadav said, “This comes on the back of kids moving back to schools in the post-pandemic world.” “Udayy was witnessing the post-pandemic world for the first time. As the kids […]

Jun 2, 2022
Indiabulls social commerce app Yaari layoffs 60% of staff
Industry

Indiabulls social commerce app Yaari layoffs 60% of staff

Indiabulls owned social commerce application, Yaari has laid off 150 employees which is nearly 60% of its total workforce. According to sources, the company has decided to merge it with another Indiabulls company Dhani Services. The layoffs reportedly happened in the supply support, customer support, business development, and marketing verticals. The company did not extend […]

Jun 1, 2022
Healthtech startup MFine laid off over 500 people due to funding crunch
Industry

Healthtech startup MFine laid off over 500 people due to funding crunch

The Bengaluru-based, healthtech startup, MFine has laid off 500 employees as the startup struggles to raise funds. According to media reports, the job cut accounts for about half the workforce. The company was hiring employees until last month and has about 1,000 employees. It laid-off employees across data science, engineering, and product departments. Employees were […]

May 23, 2022
Cars24 lays off 600 employees on basis of ‘poor performance’
Industry

Cars24 lays off 600 employees on basis of ‘poor performance’

The pre-owned e-commerce platform, CARS24 has announced that the company is laying off around 600 employees due to poor performance. CARS24 has a nearly 9,000-strong workforce. The six-year-old used-car marketplace has let go of about six percent of its team. The termination not owing to any “cost cuts“. The company calls it “business as usual.” The company […]

May 20, 2022
Henkel is slashing 2,000 jobs due to rising costs and low demand
Industry

Henkel is slashing 2,000 jobs due to rising costs and low demand

Germany’s Henkel is slashing 2,000 jobs in response to rising costs and low demand for its shampoos and hair sprays and aims to make 500 million euros ($530 million) in gross savings in the medium-term from the merger of its cosmetics and detergents units. The job cut and savings targets, announced on Thursday, illustrate the […]

May 7, 2022