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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: Jul 2022
Celsius crypto lending platform lays off employees
Layoffs

Celsius crypto lending platform lays off employees

Jul 5, 2022

India may face over , job losses in Edtech and E-commerce this year

As the tech and startup sector gets hammered by economic meltdown, more that , workers in the s...

Jobs
Jul 4, 2022
India may face over , job losses in Edtech and E-commerce this year

Telecom gear firm Parallel Wireless lays off , including in India

Telecom equipment supplier Parallel Wireless has laid off at least employees in India, Israel, U...

Layoffs
Jul 2, 2022
Telecom gear firm Parallel Wireless lays off , including in India

Tesla to cut jobs and closing office in San Mateo, California

According to the US media reports, Electric vehicle maker,nbspTeslanbspis closing its office in ...

Industry
Jun 30, 2022
Tesla to cut jobs and closing office in San Mateo, California
EdTech company WhiteHat Jr lays off 300 staff
Layoffs

EdTech company WhiteHat Jr lays off 300 staff

WhiteHat Jr, an Indian online educational technology company has laid off 300 employees due to cost cuts. This is the latest company among the startups globally to lay off its workforce due to the market downturn. This comes at the back of mass layoffs, restructuring, and shutdowns in the Edtech sector. The employees from the sales and […]

Jun 29, 2022
Udaan lays off 180-200 staff nearly 5% of its workforce to cut costs
Layoffs

Udaan lays off 180-200 staff nearly 5% of its workforce to cut costs

Business-to-business (B2B) e-commerce startup Udaan has laid off 5 percent of its workforce, or 180-200 employees. The company has termed the layoff as “unusual” and called it an “efficiency enhancement exercise”. Udaan said the layoffs have happened across various department functions. The company had an employee strength of around 4,000 before the layoffs. The company added that […]

Jun 28, 2022
Netflix lays off 300 employees in cost-cutting drive
Layoffs

Netflix lays off 300 employees in cost-cutting drive

The world’s leading streaming entertainment service, Netflix has laid off 300 employees which is about 4% of its workforce. Netflix in the second round of job cuts aimed at lowering costs after the streaming giant lost subscribers. Earlier, the company had laid off 150 workers due to slowing revenue growth. Netflix lays off 300 employees in […]

Jun 24, 2022
Tesla Sued By Former Employees Over ‘Mass Layoff’
Labour Law

Tesla Sued By Former Employees Over ‘Mass Layoff’

Two former Tesla employees have filed a lawsuit against the electric vehicle giant. The employees were laid off from the Nevada Gigafactory. The lawsuit alleges the company’s decision to lay off more than 500 workers during May and June. Further, it stated that the employees laid off without due notice constitutes a breach of the workers’ rights. […]

Jun 21, 2022
Social commerce Citymall lays off 191 employees
Layoffs

Social commerce Citymall lays off 191 employees

The Gurugram-based Social commerce CityMall is slashing 191 jobs as it looks to better navigate the sharp reversal in the markets. The layoff impacts at least 30% of the three-year-old startup’s workforce. The startup said two months ago that it had over 500 employees. The Company said on Layoffs, “191 of our employees will be parting […]

Jun 20, 2022
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