SightsIn Plus Logo

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 2025
Top IT Firms Report Job Cuts in QFY After Hiring Surge
Layoffs

Top IT Firms Report Job Cuts in QFY After Hiring Surge

Jan 20, 2025

BP Announces Major Job Cuts in Global Cost-Saving Drive

U.K.-based oil giant BP has announced a reduction in its workforce, with plans to cut , jobs wor...

Layoffs
Jan 18, 2025
BP Announces Major Job Cuts in Global Cost-Saving Drive

Microsoft Halts Hiring in Consulting Division to Manage Expenses

Microsoft has announced a halt in hiring within its US consulting unit as part of a broader cost-cut...

Layoffs
Jan 15, 2025
Microsoft Halts Hiring in Consulting Division to Manage Expenses

ShareChat Faces Another Round of Layoff Workforce Reduced

ShareChat, the Indian social media platform backed by Google and Temasek, has announced its fourth r...

Layoffs
Jan 15, 2025
ShareChat Faces Another Round of Layoff Workforce Reduced
TaskUs Abruptly Terminates 300 Employees Amid Fraud Allegations
Layoffs

TaskUs Abruptly Terminates 300 Employees Amid Fraud Allegations

Indore-based TaskUs, a leading business process outsourcing (BPO) and digital transformation services provider, has sparked widespread outrage after abruptly terminating over 300 employees without prior notice. The sudden layoffs have led to protests outside the company’s office, with employees alleging mistreatment and unfair termination. TaskUs Layoffs and Employee Protests The terminations were reportedly carried out […]

Jan 14, 2025
Wall Street Prepares for 200,000 Job Cuts as AI Takes Over
Layoffs

Wall Street Prepares for 200,000 Job Cuts as AI Takes Over

Wall Street is bracing for a significant upheaval as artificial intelligence (AI) continues to advance, with major banks expected to cut up to 200,000 jobs over the next three to five years. This shift is driven by AI’s ability to perform tasks traditionally carried out by human workers more efficiently and accurately. Impact of AI […]

Jan 10, 2025
Silent Firing Rises as Companies Embrace Technological Advances
Layoffs

Silent Firing Rises as Companies Embrace Technological Advances

A recent report by Genius Consultants, a staffing solutions and HR services provider, has highlighted a concerning trend in the corporate world: the rise of “silent firing.” This strategy, where companies indirectly push employees to leave their roles without formal layoffs, has become increasingly common as technological advancements accelerate. Silent Firing: Impact of Technology on […]

Jan 2, 2025
BSNL Plans Second VRS to Reduce Workforce by 35%
Layoffs

BSNL Plans Second VRS to Reduce Workforce by 35%

Department of Telecommunications (DoT) is preparing to seek approval from the finance ministry for a second voluntary retirement scheme (VRS) at Bharat Sanchar Nigam Limited (BSNL). This move is part of an effort to reduce BSNL’s workforce by 35%, aiming to improve the company’s financial situation. The state-owned telecom operator has requested Rs 15,000 crore […]

Dec 28, 2024
Big 4 Giants Deloitte & EY Lay Off Employees Amid Challenges
Industry

Big 4 Giants Deloitte & EY Lay Off Employees Amid Challenges

Deloitte and EY, two leading consulting firms, are reducing employees and restructuring operations as weakened demand for advisory services reflects broader economic uncertainty. Workforce Reductions Amid Declining Demand Deloitte and EY, two of the largest professional services firms, are cutting jobs as demand for consulting and advisory services declines. Deloitte recently laid off 250 UK-based […]

Dec 27, 2024
MTNL Implements VRS to Reduce Workforce and Cut Costs
Layoffs

MTNL Implements VRS to Reduce Workforce and Cut Costs

Mahanagar Telephone Nigam Limited (MTNL), a government-owned telecom service provider, has announced the introduction of a Voluntary Retirement Scheme (VRS) aimed at reducing its workforce and cutting costs. The decision, approved by the board of directors on December 23, 2024, is part of a broader strategy to make the organization leaner and more financially sustainable. […]

Dec 25, 2024
Google Cuts 10% of Management Roles Amid Efficiency Drive
Layoffs

Google Cuts 10% of Management Roles Amid Efficiency Drive

In a recent town hall meeting, Google CEO Sundar Pichai announced significant changes to the company’s management structure, revealing a 10% cut in management roles, including directors and vice-presidents. This shift is seen as a response to the challenges posed by AI competitors, particularly OpenAI, whose innovations have challenged Google’s core search business. Details of […]

Dec 20, 2024
YesMadam Fires Employees Who Report Stress in Survey
Layoffs

YesMadam Fires Employees Who Report Stress in Survey

YesMadam, a startup known for its doorstep beauty services, has come under fire after a leaked internal letter revealed that the company allegedly terminated employees who reported feeling stressed in a company survey. The incident has sparked widespread criticism and raised concerns about workplace stress and employee well-being. YesMadam Layoffs: Details of the Incident The […]

Dec 9, 2024
SpiceJet Cuts 15% of Workforce Amid Financial Struggles
Layoffs

SpiceJet Cuts 15% of Workforce Amid Financial Struggles

SpiceJet, one of India’s leading low-cost carriers, has reduced its workforce significantly in the fiscal year 2023-24. The airline, which has been grappling with financial challenges, announced the layoff of nearly 1,400 employees, translating to about 15% of its workforce. SpiceJet Financial Struggles and Cost-Cutting Measures SpiceJet’s decision to downsize its workforce is part of […]

Dec 9, 2024
Tech Industry Sees Massive Layoffs in 2024: 149,000+ Jobs Cut
Layoffs

Tech Industry Sees Massive Layoffs in 2024: 149,000+ Jobs Cut

The year 2024 has been marked by a significant wave of layoffs in the tech industry, with major companies such as Intel, Tesla, Cisco, and Microsoft cutting thousands of jobs. This trend reflects the industry’s efforts to cut costs, restructure, and adapt to changing market conditions. According to reports, nearly 150,000 tech workers have lost […]

Dec 4, 2024
Thyssenkrupp Steel Division to Face Major Job Cuts by 2030
Layoffs

Thyssenkrupp Steel Division to Face Major Job Cuts by 2030

Thyssenkrupp Steel Europe, Germany’s largest steelmaker, has announced plans to cut 5,000 jobs by 2030 as part of a major restructuring effort. The company aims to improve productivity and achieve a competitive cost level. This move comes amid increasing pressure from cheaper Asian competitors, high energy prices, and a weakening global economy. Thyssenkrupp: Strategic Realignment […]

Nov 26, 2024
Freshworks Streamlines Operations with 13% Workforce Cut
Layoffs

Freshworks Streamlines Operations with 13% Workforce Cut

Freshworks, the California-based IT service management firm, has announced it will lay off approximately 13% of its global workforce, impacting around 660 employees. This decision comes as part of the company’s strategic realignment to focus on key growth areas such as AI, Employee Experience (EX), and Customer Experience (CX). Freshworks: Strategic Realignment and Focus Areas […]

Nov 26, 2024