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: Jan 2024

Layoffs

PayPal to sack employees Read CEOs Letter on Job Cuts

Jan 31, 2024

Wipro to sack hundreds of mid-level employees to improve margins

As per the reports of the ET, Indias IT services provider company, Wipro to sack hundreds of mid-le...

Industry

Jan 31, 2024

Wipro to sack hundreds of mid-level employees to improve margins

In January over people were laid off Gen AI Impact starts

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Layoffs

Jan 30, 2024

In January over people were laid off Gen AI Impact starts

Flipkart and Swiggy to sack , employees respectively

As per media reports, Walmart-owned, Flipkart to sack around percent of its total workforce, which...

Layoffs

Jan 27, 2024

Flipkart and Swiggy to sack , employees respectively

Layoffs

eBay sacks 9% full-time employees: CEO’s letter to employees

Unlike other tech companies, an American multinational e-commerce company, eBay has announced a reduction of 9% or approximately 1,000 roles. While announcing the layoffs the company said, “Despite facing external pressures, like the challenging macroeconomic environment, we know we can be better with the factors we control.” “While we are making progress against our strategy, our […]

Jan 24, 2024

Layoffs

SAP announces Transformation Program that will impact 8,000 jobs

A German multinational software company, SAP has announced its restructuring plan for 2024 that will impact 8000 jobs, 7.4% of SAP’s total workforce. SAP will implement a company-wide transformation program including restructuring for 2024. In addition, the company is updating its ambition for 2025. In 2024, SAP will further increase its focus on key strategic growth […]

Jan 24, 2024

Layoffs

Amazon, Bosch & Tata Steel collectively to sack over 4000 people

After Meta and Google, The three leading companies Amazon, Bosch, and Tata Steel collectively may lay off over 4000 employees. Amazon announces job cuts in Buy with Prime division E-commerce giant Amazon is reportedly laying off about 5 percent of its employees at its Buy with Prime unit. This will impact nearly 30 employees of […]

Jan 19, 2024

Layoffs

YouTube sacks hundreds of employees amid restructuring process

An American online video-sharing and social media platform, YouTube has sacked hundreds of employees as part of the restructuring process. A Google spokesperson said, “As we’ve said, we’re responsibly investing in our company’s biggest priorities and the significant opportunities ahead.” “To best position us for these opportunities, throughout the second half of 2023, a number of […]

Jan 18, 2024

Layoffs

Google sacks employee after 19 years of service: Layoffs Suck

An American multinational technology company, Google has recently sacked an employee after 19 years of service. The former Google employee Kevin Bourrillion took the layoff to social media platform X (formally Twitter) confirming that he was sacked by the company. Kevin Bourrillion’s post said on the X, “End of an era! After 19 years of […]

Jan 16, 2024

Layoffs

Citigroup will be cutting 20,000 jobs

An American multinational investment bank and financial services corporation, Citigroup Inc. has reported a net loss for the fourth quarter of 2023 of $(1.8) billion, or $(1.16) per diluted share, on revenues of $17.4 billion. This compares to net income of $2.5 billion, or $1.16 per diluted share, on revenues of $18.0 billion for the fourth […]

Jan 15, 2024

Layoffs

After Google, Meta sacks technical programme manager roles

Meta, the parent company of Facebook has reportedly sacked 60 employees particularly those in Technical Program Manager (TPM) roles. However, Meta has not officially commented on the layoffs. The company has reported sacked employees in TPM roles that have impacted 60 employees in the company. Earlier, the tech company had previously cut 11,000 jobs at […]

Jan 12, 2024

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

Layoffs

Flipkart to layoff 5-7% of workforce soon based on performance

According to TOI report, the e-commerce platform, Flipkart will sack 5-7% workforce based on a performance review that will be completed by March-April. Flipkart, excluding its fashion portal Myntra, currently employs 22,000 employees. The reports also suggested that this is not the first time Flipkart has sacked employees due to annual performance the company has been […]

Jan 8, 2024

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

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

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