Layoffs: HR News, Trends & Workplace Insights

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

Updated on: May 2024

Layoffs

Indeed to layoff , employees, of the workforce CEO

May 14, 2024

TCS Employee Alleges Suspension for Reporting Security Breach

A global leader in IT services, consulting, and business solutions company, Tata Consultancy Service...

Social Media

May 9, 2024

TCS Employee Alleges Suspension for Reporting Security Breach

Air India Express sacks employees after mass sick leave

Air India Express has terminated nearly - employees after mass sick leave. Moreover, the remaini...

Industry

May 9, 2024

Air India Express sacks employees after mass sick leave

Luminar to cut nearly jobs in the current year

Luminar Technologies, known for its lidar sensors crucial for autonomous vehicles, has announced a s...

Layoffs

May 4, 2024

Luminar to cut nearly jobs in the current year

Layoffs

Ola Cab CEO Hemant Bakshi resigns; Company plans 200 job cuts

Hemant Bakshi, who served as CEO of Ola Cabs has resigned from his services. He joined the company 4 months back in January 2024. As per the media reports, Bhavesh Aggarwal will assume responsibility for day-to-day operations, with a new appointment on the horizon to fill Bakshi’s position. His departure coincides with the company’s announcement […]

Apr 30, 2024

Layoffs

Healthify is reducing its workforce by 27%

According to Inc 42, the World’s Largest AI Health & Fitness App, Healthify is slashing its workforce by 27% or nearly 150 employees. However, Healthify is committed to ensuring that those impacted by the restructuring are provided with the necessary resources and assistance to navigate this period of change with confidence and stability. During this […]

Apr 29, 2024

Layoffs

Whirlpool to cut 1000 jobs worldwide in restructuring move

A leading kitchen and laundry appliance company, Whirlpool is planning to cut 1000 jobs worldwide in a restructuring move. According to Reuters, The company announced initial job cuts in March and anticipates implementing a second wave of reductions by early May. Whirlpool aims to trim up to $400 million in costs this year, the Wall […]

Apr 26, 2024

Layoffs

Tesla persists with layoffs, aiming to cut 6,000 roles

An American multinational automotive and clean energy company, Tesla has disclosed intentions to lay off 6,020 workers in Texas and California, aligning with its strategy to tackle waning demand and shrinking margins. Recently, Tesla revealed a reduction exceeding 10% in its worldwide workforce, attributing it to the strain of diminishing sales and escalating rivalry within […]

Apr 24, 2024

Layoffs

Nike will sack over 700 employees at Oregon Headquarters

Nike has announced another round of layoffs to sack nearly 740 employees. On Friday, the company reported the layoffs to Oregon’s Office of Workforce Investments. In February, the company announced its plan to trim roughly 2% of its workforce, totaling over 1,600 positions. Nike told to KPTV, “We are always at our best when we’re […]

Apr 20, 2024

Layoffs

Layoff 2024: Toshiba to cut 5,000 jobs; Google sacks 28 employees

In 2024 the companies have been sacking employees; Toshiba to Cut 5,000 Jobs and on the other hand, and Google will also layoff employees. According to various media reports, Toshiba Corp. is allegedly considering to Layoff its Japanese workforce by 5,000 employees. The layoff will impact nearly 7 per cent of its total workforce in […]

Apr 19, 2024

Social Media

Microsoft worker fired after over 30 years; reveals cause of layoffs

An American multinational corporation and technology company, Microsoft has recently laid off an employee after over 30 years of service. Jeff Bogdan, former Director of Learning and Development, Microsoft Windows shared the LinkedIn post saying, “My 33-year run with the wonderful Microsoft came to a close in February, when my job was eliminated. “I spent […]

Apr 17, 2024

Industry

Citi Bank suffers from increased severance expenses amid layoffs

Citi Group faced first-quarter challenges with rising expenses for severance payouts to laid-off staff and investments in replenishing a government deposit insurance fund, impacting its performance. In January, Citigroup was expected to cut at least 20,000 jobs over the next two years as it reported its worst quarter in 14 years. In its restructuring, Citi […]

Apr 15, 2024

Layoffs

TCS employees filed complaint amidst layoff upheaval

The reported complaint against Tata Consultancy Services (TCS) filed by over 20 employees in the US with the US Equal Employment Opportunity Commission alleges discrimination based on race and age. The complaint suggests that the company favored individuals with H1-B visas over them in job assignments. This issue highlights the complexities and challenges surrounding employment […]

Apr 4, 2024

Layoffs

McKinsey is offering 9 months’ pay to leave the firm & find new Job

Amid a sector-wide downturn, McKinsey, a global management consulting firm plans to offer compensation to numerous senior employees opting to depart, aiming to trim its workforce. This initiative reflects McKinsey’s strategy to mitigate the impact of the downturn on its operations while allowing affected employees the opportunity to explore other career paths with financial support. […]

Apr 3, 2024

Layoffs

Dell cuts 6,000 jobs from global workforce

In a filing as of February 2, 2024, Dell had approximately 120,000 employees. As per reports of India today the company had 1,26,000 employees. The company said throughout Fiscal 2024, it has continued to take certain measures to reduce costs, including limiting external hiring, employee reorganizations, and other actions to align the investments with the announced […]

Mar 26, 2024

Layoffs

Ericsson to cut 1,200 jobs due to decreased demand

Ericsson, a Swedish multinational networking and telecommunications company plans to cut 1,200 jobs due to decreased demand. The company expects a challenging mobile networks market in 2024, with further volume contraction as customers remain cautious. In line with managing lower volumes, the company has announced proposed staff reductions in Sweden. This measure is part of […]

Mar 26, 2024