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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: Jan 2024
In January over people were laid off Gen AI Impact starts
Layoffs

In January over people were laid off Gen AI Impact starts

Jan 30, 2024

eBay sacks full-time employees CEOs letter to employees

Unlike other tech companies, an American multinational e-commerce company, eBay has announced a redu...

Layoffs
Jan 24, 2024
eBay sacks full-time employees CEOs letter to employees

SAP announces Transformation Program that will impact , jobs

A German multinational software company,nbspSAP has announced its restructuring plan for that...

Layoffs
Jan 24, 2024
SAP announces Transformation Program that will impact , jobs

Citigroup will be cutting , jobs

An American multinational investment bank and financial services corporation,nbspCitigroup Inc. ha...

Layoffs
Jan 15, 2024
Citigroup will be cutting , jobs
Layoffs continue in 2024, Google sacks hundreds of employees
Layoffs

Layoffs continue in 2024, Google sacks hundreds of employees

According to Reuters, an American multinational technology company, Google said on Wednesday that the company is laying off hundreds of employees working in Assistant, hardware, and engineering teams. A spokesperson told Reuters in a statement, “Throughout second-half of 2023, a number of our teams made changes to become more efficient and work better, and to […]

Jan 11, 2024
Frontdesk laid off entire staff in 2 mins call, Xerox to cut 15% workforce
Layoffs

Frontdesk laid off entire staff in 2 mins call, Xerox to cut 15% workforce

As 2024 starts A prop-tech startup company, Frontdesk has laid off around 200 employees which is the entire workforce of the company, over a two-minute Google Meet call. According to report, “Frontdesk was still optimistic about its ability to raise more capital.” The startup had posted on LinkedIn openings for several jobs, including a chief […]

Jan 4, 2024
Paytm CEO shares to-do list- 2024 after sacking over 1,000 people
Layoffs

Paytm CEO shares to-do list- 2024 after sacking over 1,000 people

An Indian multinational financial technology company, Paytm CEO Vijay Shekhar Sharma said that the company would undergo major AI upgrades in 2024. He has shared a post on social media platform X (formally Twitter) by saying, “Making my to-do list for 2024. What would you like to change/ upgrade in the Paytm app?” “We have changed […]

Dec 30, 2023
Check out the Reasons for Layoff of over 4 lakh people in 2023
Layoffs

Check out the Reasons for Layoff of over 4 lakh people in 2023

As per Trueup Report Layoff 2023, there are 1,992 laid off at tech companies with 428,335 people impacted (1,187 people per day). In 2023, the companies laid off employees because of Overestimation of Demand, new technology generative AI, breach of the ethical code, global macroeconomic conditions, and based on annual performance reviews. Details as below. Overestimation of Demand MoS IT […]

Dec 27, 2023
Google to lay off 30,000 employees due to AI restructuring?
Layoffs

Google to lay off 30,000 employees due to AI restructuring?

According to various media reports, The IT major, Google’s advancement in artificial intelligence may result in restructuring the ad sales department, which may impact employees from the ad sales unit at Google. The advancement and introduction of new AI-based tools will automatically suggest and create new ads that perform well for customers. As a result, […]

Dec 26, 2023
Paytm to sack more than 1000 employees amid cost-cutting
Layoffs

Paytm to sack more than 1000 employees amid cost-cutting

As per ET report, an Indian multinational financial technology company, Paytm will sack over 1000 employees amid cost-cutting measures. The layoffs are currently impacting over 10 percent of the company’s entire workforce. The company reportedly wants to save 10-15% of staff costs over the current fiscal year. “Our core business of payment may see manpower […]

Dec 25, 2023
Game publisher, Versus Evil shut down, entire team was laid off
Layoffs

Game publisher, Versus Evil shut down, entire team was laid off

Game publisher, Versus Evil has announced that the company will shut down leading to the layoff of the entire team. indie games publisher has shared the information through the social media Platform X saying, “Today is a sad day. After 10 wonderful years, Versus Evil is shutting its doors.” “We’ve loved bringing you the best […]

Dec 23, 2023
Technology company Intel to lay off 235 employees
Layoffs

Technology company Intel to lay off 235 employees

According to various media reports, an American multinational corporation and technology company, Intel is laying off 235 employees. The company spokesperson said, “Intel is working to accelerate its strategy while reducing costs through multiple initiatives, including some business and function-specific workplace reductions across the company.” Currently, in California Intel has 13,000 employees. As per reports, […]

Dec 20, 2023
Barclays is planning to cut 2,000 jobs amid cost-cutting measures
Layoffs

Barclays is planning to cut 2,000 jobs amid cost-cutting measures

According to Reuters, British multinational universal bank Barclays is planning to cut 1500- 2,000 jobs amid cost-cutting measures. The bank had previously made efforts to reduce expenses in recent years. This reduction included the reduction of bonuses and jobs in its retail and investment banking businesses. However, now the bank is planning to save costs to […]

Nov 25, 2023
L&T Technology sacks 200 employees
Layoffs

L&T Technology sacks 200 employees

An Indian multinational technology company that provides engineering research and development services, L&T Technology has sacked 200 employees. According to TOI, the company spokesperson said, “We conduct annual performance reviews as a standard process to assess the capabilities of our workforce every year and act appropriately based on skill sets and performance.” “This is essential […]

Nov 24, 2023
In today’s Job Market is Your Job Safe? Or Can You Be Sacked?
Layoffs

In today’s Job Market is Your Job Safe? Or Can You Be Sacked?

Recently, An American artificial intelligence research organization, OpenAI sacked CEO Sam Altman. The company said, “Mr. Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities.” However, Microsoft CEO Satya Nadella appointed the former OpenAI CEO […]

Nov 21, 2023
EdTech firm PhysicsWallah sacks over 100 employees
Layoffs

EdTech firm PhysicsWallah sacks over 100 employees

Indian EdTech Firm, PhysicsWallah (PW) has sacked nearly 120 employees due to a performance review. Satish Khengre, Chief Human Resources Officer at PhysicsWallah said, “At PW, we regularly assess performance through mid-term and end-term cycles.” “For the cycle ending in October, less than 0.8 percent of our workforce, ranging from 70 to 120 individuals with […]

Nov 20, 2023