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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: Nov 2024
Ola Electric to Lay Off Employees in Restructuring Move
Layoffs

Ola Electric to Lay Off Employees in Restructuring Move

Nov 21, 2024

Deloitte UKs Advisory Division Job Cuts in Restructuring

Deloitte, the renowned consulting giant, has announced a significant restructuring plan that will re...

Layoffs
Nov 21, 2024
Deloitte UKs Advisory Division Job Cuts in Restructuring

Salesforce Plans Workforce Reduction at Recently-Acquired Own

Salesforce, the global leader in customer relationship management software, has announced plans to c...

Layoffs
Nov 20, 2024
Salesforce Plans Workforce Reduction at Recently-Acquired Own

Outrage as CEO Fires Employees for Missing Morning Meeting

A US-based CEO has sparked outrage online after firing employees for missing a morning meeting, l...

Layoffs
Nov 19, 2024
Outrage as CEO Fires Employees for Missing Morning Meeting
Siemens to Cut Jobs to Streamline Operations and Cut Costs
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Siemens to Cut Jobs to Streamline Operations and Cut Costs

Siemens AG, the German industrial giant, has announced plans to cut up to 5,000 jobs in its automation division. This decision comes in response to a significant downturn in the sector, driven by global economic challenges and a sharp decline in demand for automation solutions. The company’s CEO, Roland Busch, revealed the potential job cuts […]

Nov 16, 2024
General Motors Reduces Workforce by 1,000 to Save $2 Billion
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General Motors Reduces Workforce by 1,000 to Save $2 Billion

General Motors (GM) has announced plans to lay off approximately 1,000 employees worldwide as part of a strategy to reduce fixed costs by $2 billion by the end of 2024. The layoffs, primarily affecting white-collar workers, were communicated to affected employees early Friday. The company confirmed the layoffs in a statement but provided few details. […]

Nov 16, 2024
AMD Layoffs Part of Strategy to Compete with Nvidia in AI Chips
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AMD Layoffs Part of Strategy to Compete with Nvidia in AI Chips

Advanced Micro Devices (AMD) has announced a significant restructuring plan, which includes cutting 4% of its global workforce, or approximately 1,000 employees, as the company shifts its focus towards the development of AI chips. This move is aimed at positioning AMD as a strong competitor to industry leader Nvidia in the rapidly growing AI chip […]

Nov 16, 2024
Booking.com to Cut Jobs as Part of Organizational Review
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Booking.com to Cut Jobs as Part of Organizational Review

Online travel agency Booking.com, a unit of Booking Holdings, has announced a reorganization plan that could lead to job cuts. The company stated that it is in the early stages of reviewing its organizational structure to ensure agility and competitiveness in the industry. This move is part of a broader strategy to drive customer-centered innovation […]

Nov 11, 2024
Nissan Cuts 9,000 Jobs Globally as Financial Challenges Mount
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Nissan Cuts 9,000 Jobs Globally as Financial Challenges Mount

Nissan Motor Co., Japan’s third-largest automaker, has announced a significant restructuring plan aimed at addressing severe financial and operational challenges. The plan includes cutting 9,000 jobs, a 20% reduction in global manufacturing capacity, and cost-cutting measures to save $2.6 billion. The Japanese automaker has been facing a sharp decline in sales in its key markets, […]

Nov 9, 2024
Freshworks Reduces Workforce by 13% to Streamline Operations
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Freshworks Reduces Workforce by 13% to Streamline Operations

Freshworks, a leading software-as-a-service (SaaS) company, has announced a significant reduction in its global workforce by 13%, impacting approximately 660 employees. This decision is part of a broader restructuring plan aimed at streamlining operations and aligning the company’s resources with its strategic priorities. Freshworks: Restructuring for Efficiency The restructuring plan, initiated in November 2024, is […]

Nov 7, 2024
Bosch Announces 7,000 Job Cuts Amid Economic Struggles
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Bosch Announces 7,000 Job Cuts Amid Economic Struggles

German technology giant Bosch has announced plans to cut over 7,000 jobs worldwide, primarily in Germany, as it faces economic challenges and a lowered growth forecast for 2024. The company’s CEO, Stefan Hartung, stated that Bosch will not achieve its economic targets for the year and further staffing adjustments may be necessary. Bosch: Economic Forecast […]

Nov 6, 2024
KPMG Announces 330 Job Cuts in US Audit Team
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KPMG Announces 330 Job Cuts in US Audit Team

KPMG LLP has announced a reduction of approximately 330 positions in its US audit division, representing about 4% of its nearly 9,000 audit employees. The decision, driven by historically low employee turnover, aims to align the size, shape, and skills of the workforce with current market conditions. KPMG Layoffs: Reasons, Impact and Reactions The layoffs […]

Nov 5, 2024
Boeing Eliminates Diversity Office, Citing Financial Pressures
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Boeing Eliminates Diversity Office, Citing Financial Pressures

Boeing has recently dismantled its global diversity, equity, and inclusion (DEI) department, according to a report by Bloomberg News. This move is part of a broader cost-cutting strategy that includes plans to eliminate 17,000 jobs, representing 10% of Boeing’s global workforce. Boeing DEI Team: Details of the Restructuring The staff from Boeing’s DEI office will […]

Nov 5, 2024
Visa to Cut 1,400 Jobs in Effort to Streamline Operations
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Visa to Cut 1,400 Jobs in Effort to Streamline Operations

Visa, the global payments giant, has announced plans to lay off approximately 1,400 employees and contractors by the end of the year. This decision is part of a broader strategy to streamline its international business operations and enhance its competitive position. Majority of Cuts in Visa Technology Division According to reports from The Wall Street […]

Nov 4, 2024
X to See Another Round of Layoffs; Facing Financial Headwinds
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X to See Another Round of Layoffs; Facing Financial Headwinds

X, the social media giant formerly known as Twitter, is reportedly preparing for yet another round of layoffs. A recent report by The Verge cited sources and posts on the anonymous workplace forum Blind suggesting that the job cuts are expected to be announced soon. As analysts and insiders speculate on the extent of these layoffs, the […]

Nov 4, 2024
EY Axes Employees Over Simultaneous Training Sessions
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EY Axes Employees Over Simultaneous Training Sessions

Ernst & Young (EY), the British multinational accounting firm, has recently made headlines after dismissing several U.S.-based staff members who attended two online training sessions simultaneously. The controversy centers around the company’s “EY Ignite Learning Week,” during which employees participated in various virtual training courses. Background and The Firings at EY In May, EY organized […]

Oct 23, 2024