SightsIn Plus Logo

Lay offs: HR News, Trends & Workplace Insights

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

Updated on: Dec 2022
Layoffs are illegal if not carried out as per Law Labour Minister
Industry

Layoffs are illegal if not carried out as per Law Labour Minister

Dec 9, 2022

Twitter sued for targeting women in layoffs

The micro-blogging platform, Twitter has been hit by yet another lawsuit. A recent lawsuit is been f...

Industry
Dec 9, 2022
Twitter sued for targeting women in layoffs

Vedantu cuts jobs, leadership takes pay cut

Edtech major Vedantu has laid off another employees. This is nearly . percent of the company ...

Layoffs
Dec 8, 2022
Vedantu cuts jobs, leadership takes pay cut

Morgan Stanley cuts about , jobs, of its workforce

An American multinational investment management and financial services company, Morgan Stanley will ...

Layoffs
Dec 8, 2022
Morgan Stanley cuts about , jobs, of its workforce
PepsiCo to layoff hundreds of staff at headquarters
Layoffs

PepsiCo to layoff hundreds of staff at headquarters

An American multinational food, snack, and beverage company, PepsiCo Inc is planning to lay off hundreds of workers from its headquarters in the North American snacks and beverages division. “The overall US labour market remains historically tight, with employers competing for a limited pool of labor and bidding up wages despite an uncertain economic outlook,” the report […]

Dec 8, 2022
Hiring platform Hirect sacked 40% of the workforce
Layoffs

Hiring platform Hirect sacked 40% of the workforce

A leading job portal in India, Hirect has sacked nearly 200 people which is 40 percent of the total workforce. Hirect laid off these employees due to organizational restructuring and a strategic change in its business model. The company has become a victim of the slowdown in new hiring. The Co-founder and CEO of Hirect Raj […]

Nov 29, 2022
US firm laid off nearly 2,700 people when they were ‘asleep’
Layoffs

US firm laid off nearly 2,700 people when they were ‘asleep’

A leader in the furniture industry and one of the largest furniture producers in the United States, United Furniture Industries has laid off approximately 2,700 workers. Most of the sacked employees from the company live in northeast Mississippi. The laid-offs came just days before the Thanksgiving holiday. However, The company sent a memo via email and […]

Nov 28, 2022
Railways fired one ‘non-performer or corrupt official’ every 03 days
Layoffs

Railways fired one ‘non-performer or corrupt official’ every 03 days

According to PTI, the Railways has weeded out one “non-performer or corrupt official” every three days in the past 16 months, officials said. Two senior-grade officers were sacked on Wednesday, sources said. Around 139 officials from the Indian Railways have been asked for Voluntary Retirement Scheme (VRS). The Indian Railway has agreed on a salary […]

Nov 26, 2022
HP to cut at least 4,000-6000 jobs
Layoffs

HP to cut at least 4,000-6000 jobs

An American multinational information technology company, HP is planning to lay off nearly 4000 to 6,000 employees. This layoff is nearly around 12 percent of the company’s global workforce. HP currently employs nearly 50,000 people as of December 2021. The company has planned this layoff up till the end of fiscal 2025. “We had a […]

Nov 23, 2022
Google plans to fire 10,000 poor performing employees
Layoffs

Google plans to fire 10,000 poor performing employees

An American multinational technology company, Google is planning to fire nearly 10,000 employees. The layoffs will be on the grounds of ‘poor performance’. The layoffs are nearly 6% of the total workforce. Google will use a ranking system and the lowest-ranked employees are expected to be fired from the company. Since 2017 the company has […]

Nov 22, 2022
Amazon layoffs are illegal, NITES says to labour minister
Industry

Amazon layoffs are illegal, NITES says to labour minister

The Nascent Information Technology Employees Senate (NITES) has approached the Labour Ministry concerning the layoff of Indian employees at amazon. “The law of the land is above Amazon policies,” Harpreet Singh Saluja, President, NITES said in a mail. “As per the provisions of the Industrial Disputes Act the employer cannot, without prior permission from the […]

Nov 21, 2022
Zomato laying off nearly 3% of staff due to cost-cutting
Layoffs

Zomato laying off nearly 3% of staff due to cost-cutting

Indian multinational restaurant aggregator and food delivery company, Zomato has confirmed that the company is laying off under 3 percent of its staff across the organization. The company said that the layoffs are based on regular performance. Earlier, Zomato Ltd confirmed on Friday that its co-founder, Mohit Gupta has resigned from the company. Mohit resigned after about […]

Nov 19, 2022
Cisco to lay off over 4,000 employees
Layoffs

Cisco to lay off over 4,000 employees

An American-based multinational digital communications technology conglomerate corporation, Cisco will be laying off more than 4,000 employees. According to a report in Silicon Valley Business Journal, the company is laying off nearly 5 percent of its workforce. The company has described this as a “rebalancing” act while “rightsizing certain businesses.” Cisco Chief Financial Officer Scott Herren […]

Nov 19, 2022
#RIPTwitter Trends on Twitter amid reports of mass resignations
Industry

#RIPTwitter Trends on Twitter amid reports of mass resignations

Twitter employees on Friday started a ‘#RIPTwitter’ trend as hundreds of the company’s employees are estimated to be leaving the company. The hashtag “RIPTwitter” started trending on Twitter where users shared hilarious memes and posts while highlighting that the platform might soon shut down. Elon Musk issued employees an ultimatum saying that stay with the […]

Nov 18, 2022
Amazon confirms layoffs and sends emails to impacted employees
Layoffs

Amazon confirms layoffs and sends emails to impacted employees

An American multinational technology company focusing on e-commerce, Amazon has confirmed the layoffs at the company. However, The company did not reveal the exact number of employees laid off however as per the earlier reports 10,000 employees or 3 percent of its workforce were expected to be laid off. Impact on India Team These cuts […]

Nov 17, 2022
Nearly 3 lakhs employees lost jobs in the last 2 months
Industry

Nearly 3 lakhs employees lost jobs in the last 2 months

Many companies have been laying employees. Most Tech Firms have fired employees due to inflation, moonlighting, and many more. Rajesh Padmanabhan, Chief Executive Officer of Talavvy Business Catalysts shared his view in a LinkedIn post, “Over 300,000 jobs lost in the last 2 months. Some more big ones queuing up. This will soon become Industry […]

Nov 16, 2022