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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: May 2022
Healthtech startup MFine laid off over people due to funding crunch
Industry

Healthtech startup MFine laid off over people due to funding crunch

May 23, 2022

Edtech firm Vedantu lays off employees

Edtech firm Vedantu CEO Vamsi Krishna said in an email to employees that the company has laid off ...

Industry
May 18, 2022
Edtech firm Vedantu lays off employees

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 med...

Industry
May 13, 2022
Twitter CEO says two leaders to depart, hiring paused amid Musk takeover

Thousands of layoffs are planned as part of Novartis restructuring

Novartis AG has confirmed that it would cut jobs as part of a wide-ranging restructuring aimed at sa...

Industry
Apr 13, 2022
Thousands of layoffs are planned as part of Novartis restructuring
Furlenco lays off 180 employees, shuts operations in some cities: Report
Industry

Furlenco lays off 180 employees, shuts operations in some cities: Report

Furlenco, the furniture rental startup has reportedly laid off between 180-200 employees involved in customer grievance redressal, scheduling, and other similar customer support functions. According to media reports, these layoffs come amidst an attempt to scale down operations, with operations in metro and non-metro cities like Ahmedabad, Kolkata, and Pune to be reduced soon. The […]

Mar 29, 2022
Disney World to lay off 11,000 employees amid pandemic
Jobs

Disney World to lay off 11,000 employees amid pandemic

Disney World to lay off 11,000 employees amid pandemic Walt Disney World says it plans to lay off more than 11,000 unionized workers because of the new coronavirus, bringing the total number of pandemic-related job casualties at the Florida resort to almost 18,000 positions. Disney World said in a letter to state and local leaders […]

Oct 31, 2020
Disney to lay off 28,000 Theme Park employees
Jobs

Disney to lay off 28,000 Theme Park employees

Disney to lay off 28,000 Theme Park employees in U.S. Walt Disney Co. plans to lay off 28,000 theme park employees in U.S., as the coronavirus pandemic continues to affect its businesses. The layoff is due to reduced capacity allowed in its parks reflecting social distancing requirements as well as California’s “unwillingness to lift restrictions […]

Oct 1, 2020
Cognizant losses 10,500 employees b/w Apr-Jun 2020
Coronavirus

Cognizant losses 10,500 employees b/w Apr-Jun 2020

Cognizant losses 10,500 employees during the April-June quarter, as part of its strategy to reduce costs and fund investments for growth Amid COVID-19 crisis, IT major Cognizant has recently announced its results for the April-June quarter, and they revealed that the company’s headcount had reduced by 10,500 people in the quarter. While in the previous quarter […]

Jul 31, 2020
Microsoft cuts jobs across geographies and teams
Jobs

Microsoft cuts jobs across geographies and teams

Microsoft cuts jobs across geographies and teams as it enters new fiscal year According to media reports, Microsoft has trimmed its workforce across geographies and teams as it entered a new fiscal year from July 1. Business Insider had earlier reported that the company cuts under 1,000 jobs across its business this week. A company […]

Jul 18, 2020
Amdocs to lay off hundreds of employees: Report
Coronavirus

Amdocs to lay off hundreds of employees: Report

Amdocs to lay off hundreds of employees worldwide, including senior positions Israeli telecom systems IT solutions provider Amdocs Ltd is set to lay off hundreds of employees in Israel and around the world due to the impact of the coronavirus pandemic. According to a report published in Israeli-based website Calcalist, Amdocs’s quarterly earnings is around $1 […]

Jul 3, 2020
Bombardier Inc to cut 2,500 aviation jobs
Coronavirus

Bombardier Inc to cut 2,500 aviation jobs

CANADIAN plane and train maker Bombardier Inc said on Friday it would cut 2,500 jobs, or about 11% of the workforce at its aviation unit, as the coronavirus pandemic’s crushing impact on the air industry adds to its long list of problems. The aviation industry has been among the worst hit by the pandemic, which has dented […]

Jun 6, 2020
Cognizant offers the voluntary separation package for US employees
Coronavirus

Cognizant offers the voluntary separation package for US employees

Cognizant Technology Solutions has announced a voluntary separation package (VSP) for its US employees. The Coronavirus crisis has pushed many companies to take tough decisions, with the same line, Cognizant is laying off employees without active projects. The Company is offering a voluntary separation package for US employees who move to the bench between May […]

May 27, 2020
IBM confirms global layoffs, India employees hit with it too
Coronavirus

IBM confirms global layoffs, India employees hit with it too

IBM confirmed, it is cutting an unspecified number of jobs, but wouldn’t provide details related to location, departments, or the number of employees involved. The company framed it in terms of replacing people with more needed skills as it tries to regroup under new CEO Arvind Krishna. Several business media sites, including the Wall Street Journal and […]

May 23, 2020
Cleartrip has laid off 400-500 employees
Coronavirus

Cleartrip has laid off 400-500 employees

Cleartrip has laid off 400-500 employees. the company’s spokesperson said the Covid-19 crisis has caused severe business disruption in the travel industry. The spokesperson said, “we have had to reluctantly downsize our workforce. We are providing all necessary support to affected employees.” When TOI asked about the number of employees affected, the company declined to share details. It has around 1,000 employees. […]

May 23, 2020
ShareChat lays off 25% of its workforce
Coronavirus

ShareChat lays off 25% of its workforce

Sharechat has recently laid off about 101 employees or 25% of its staff as the ongoing coronavirus pandemic impacts ad revenues According to an email sent to employees by Ankush Sachdeva, CEO of ShareChat, the advertisement market would remain unpredictable this year and the firm is streamlining its revenue teams to these new expectations. “We have to […]

May 21, 2020
Livspace lays off 450 employees as coronavirus impacts
Coronavirus

Livspace lays off 450 employees as coronavirus impacts

IKEA-backed home design and decor startup Livspace is laying off 15% of its workforce as the Covid-19 pandemic and resultant nationwide lockdown hit its business. The Bengaluru-based startup, Livspace Co-Founder and Chief Executive Officer Anuj Srivastava assured the impacted employees of severance pay along with an assistance package, as part of which every employee will receive a portion of […]

May 20, 2020