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: Jun 2022

Industry

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

Jun 30, 2022

EdTech company WhiteHat Jr lays off staff

WhiteHat Jr, an Indian online educational technology company has laid off employees due to cost ...

Layoffs

Jun 29, 2022

EdTech company WhiteHat Jr lays off staff

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

Business-to-business BB e-commerce startupnbspUdaannbsphas laid off percent of its workforc...

Layoffs

Jun 28, 2022

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

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

Layoffs

Tesla lays off head of LGBTQ+, diversity lead

Amid CEO Elon Musk’s “woke mind virus” concerns, Electric vehicle company, Tesla has laid off both the President and a Lead involved in diversity and inclusivity programs at the company of its LGBTQ+ community. While they were let go as part of a broader wave of layoffs, it comes amid several comments CEO Elon Musk […]

Jun 24, 2022

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

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

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

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

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

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

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

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

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

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

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