layoff: HR News, Trends & Workplace Insights

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

Updated on: Jun 2022

Layoffs

EdTech company WhiteHat Jr lays off staff

Jun 29, 2022

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

Tesla lays off head of LGBTQ, diversity lead

Amid CEO Elon Musks woke mind virus concerns, Electric vehicle company, Tesla h...

Layoffs

Jun 24, 2022

Tesla lays off head of LGBTQ, diversity lead

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

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

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

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

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

MPL and Front Row lay off 100 and 145 employees respectively

A major real-money stakes-based gaming operator, Mobile Premier League (MPL) has laid off 100 employees, or 10% of the workforce. The company has claimed that it has over 9 crore users on its platform and offers more than 60 online games such as Fantasy Cricket, Rummy, and Speed Chess with real cash prizes in paid […]

May 31, 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