Lay off: HR News, Trends & Workplace Insights

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

Updated on: Feb 2024

Layoffs

Sony PlayStation division to cut jobs Read CEO Message

Feb 28, 2024

Udaan to lay off - employees

A BB trade platform, designed specifically for small amp medium businesses in India, Udaan to lay...

Layoffs

Dec 18, 2023

FedEx announces layoff, Citigroup prepares for job cuts

According to reports, An American multinational conglomerate holding company FedEx will sack a few e...

Layoffs

Sep 15, 2023

FedEx announces layoff, Citigroup prepares for job cuts

Alphabet, Googles parent company lays off hundreds of employees

The tech giant Googles parent company Alphabet will be laying off hundreds ofnbspemployees ...

Layoffs

Sep 14, 2023

Alphabet, Googles parent company lays off hundreds of employees

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

Layoffs

Bengaluru-based startup fired employees helping find new jobs

Sambhav Jain and Kush Taneja, co-founders of Bengaluru-based startup fintech app Farm has announced the layoff of 18 employees. Sambhav Jain shared a Tweet from his official handle with the information about the layoff. The company has asked recruiters to get in touch for the relevant profiles and referrals. Sambhav Jain Tweet said, “One of the […]

Aug 3, 2023

Layoffs

Spinny used car retailer to cuts jobs to boost profitability

A new-age used car end-to-end platform in India, Spinny will cut around 300 jobs in order to boost profitability. Spinny has about 6,000-6,200 employees and the sackings affect 5 percent of the workforce. The company is currently operating in Delhi-NCR, Bengaluru, Hyderabad, Pune, Mumbai, Kolkata, Chennai, Ahmedabad, Jaipur, Chandigarh, Indore, Coimbatore, Lucknow, Kochi and Surat. […]

Aug 3, 2023

Layoffs

Layoffs in July 2023 include toxic culture, breach of ethical code…

The year 2023 has been a year of layoffs. So far in 2023, there have been 1,330 layoffs at tech companies with 327,228 people impacted (1,529 people per day). In July 2023 14,392 people lost their jobs. In 2022, there were 1,557 layoffs at tech companies and 243,318 people impacted (667 people per day). In an interview with The Indian Express, MoS IT Rajeev Chandrasekhar said that […]

Aug 2, 2023

Layoffs

Ericsson and Accenture to slash 750 and 890 jobs respectively

The two major employers, Ericsson is to cut 750 of its US jobs & Accenture plans to cut 890 jobs from its Irish operations. Ericsson makes a cost-cutting move: 750 US jobs 5G equipment supplier Ericsson said it would cut 750 employees from its North American business as it shutters its field services operation. In […]

Aug 1, 2023

Layoffs

Overestimation of demand led to post-COVID job cuts: Minister

In an interview with The Indian Express, MoS IT Rajeev Chandrasekhar said that the overestimation of demand led to post-COVID job cuts. Rajeev Chandrasekhar stated, “If we look at the tech space, layoffs occurred post-Covid. It happened to companies like Google, Microsoft, Meta, and even smaller startups. When the world was emerging from Covid, everyone […]

Jul 25, 2023

Social Media

Company sacks ‘Top Performer’ to set an example for others

Employees are the backbone of any organization. However, a Reddit user posted about a company that had unexpected and questionable behavior on social media, which gained significant attention and criticism. According to the user, the company fired one of its most accomplished employees. The post said, “Honestly, a lot of things have been going down at […]

Jul 21, 2023

Layoffs

Over 3 Lakhs employees (1,600 people per day) laid off in 2023

The year 2023 has been a year of layoffs over 3 Lakhs employees (1,600 people per day) were laid off in 2023. The move of layoffs is part of a larger trend of tech companies cutting jobs and slowing hiring as investors become increasingly fearful of a recession. Tech companies have either frozen the hiring process or […]

Jul 20, 2023

Layoffs

‘Rollercoaster of emotions,’ says Microsoft employee fired after 25 yrs of job

The year 2023 started off with the layoff note. Many Tech companies have sacked lakhs of employees. Recently, Microsoft conducted another round of layoffs which affected 10,000 employees. Among the affected employees who lost their jobs a woman named Ann Pfeiffer has shared her experience. The company has fired the employee after over 25 years of service. […]

Apr 5, 2023

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

Industry

Edtech firm Vedantu lays off 424 employees

Edtech firm Vedantu CEO Vamsi Krishna said in an email to employees that the company has laid off 424 people. That is about 7 per cent of its total workforce of 5,900 employees. While saying that a decision like this was extremely difficult to take, he added that it is “days like these that are […]

May 18, 2022

Industry

Twitter CEO says two leaders to depart, hiring paused amid Musk takeover

Two senior Twitter leaders who oversee the consumer and revenue divisions will depart the social media company, Chief Executive Officer Parag Agrawal told employees in a memo on Thursday. In one of many greatest shake-ups on the firm since billionaire Elon Musk introduced he would purchase it for $44 billion. Whereas no layoffs are planned, […]

May 13, 2022