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: Sep 2024

Layoffs

Accounting Giant PwC Signals Strategic Shift With , Layoffs

Sep 17, 2024

Northvolt To Cut Jobs As It Implements Cost-Cutting Measures

Northvolt, a prominent battery manufacturer in Europe, has recently announced significant cost-cutti...

Jobs

Sep 16, 2024

Microsoft Streamlines Xbox Division With Jobs Cut

Microsoft announced a significant workforce reduction within its Xbox gaming unit. The decision to ...

Industry

Sep 14, 2024

Microsoft Streamlines Xbox Division With Jobs Cut

Dell to Continue Job Cuts Amidst Business Challenges

Dell Technologies Inc., a global technology giant, is facing headwinds in its business landscape. Th...

Jobs

Sep 11, 2024

Dell to Continue Job Cuts Amidst Business Challenges

Jobs

Samsung India to Lay Off Executives Amid Business Slowdown

In a significant strategic shift, Samsung Electronics India has announced plans to lay off over 200 executives, constituting nearly 10% of its managerial workforce. These layoffs come as the company faces a combination of factors impacting its operations: slowing business growth, declining consumer demand, and increased competition. The Context Samsung India, the country’s largest consumer electronics and mobile phone manufacturer […]

Sep 11, 2024

Employment

Dozee Healthtech Startup Restructures; 20% Workforce Laid Off

Bengaluru-based healthtech startup Dozee has recently implemented a significant workforce restructuring, resulting in the layoff of approximately 20% of its employees. The move comes as the company recalibrates its focus and allocates resources strategically to meet evolving business needs. Dozee Restructuring Decision Around 40 to 50 employees across various teams have been affected by the […]

Sep 7, 2024

Employment

Reliance-Backed Firm Dunzo Cuts 75% of Workforce

In a significant move that reflects the challenges faced by Bengaluru-based Dunzo, the quick-commerce service, the company has laid off approximately 75% of its employees. The decision comes as Dunzo grapples with financial woes, overdue payments, and the need to manage expenses effectively. Dunzo: Workforce Reduction and Cost-Cutting Measures Dunzo, a company initially known for […]

Sep 3, 2024

Employment

Goldman Sachs Workforce Reductions in Annual Talent Review

In a move that reverberates through the financial industry, Goldman Sachs has initiated workforce reductions as part of its annual review process. The bank plans to cut between 3% and 4% of its workforce, equivalent to approximately 1,300 to 1,800 employees. The Annual Review Process Historically, Goldman Sachs’ annual review process has resulted in workforce reductions ranging from 2% to 7%. […]

Aug 31, 2024

Layoffs

Infosys GenAI Revolution: No Layoffs, Only Growth- CEO Salil

In a significant development, Infosys, one of India’s leading IT services companies, has witnessed robust client interest in Generative AI (GenAI). CEO Salil Parekh recently shared insights into this trend, emphasizing the company’s commitment to innovation and growth. Let’s explore the details. Generative AI: The New Frontier Generative AI, often referred to as GenAI, represents […]

Aug 26, 2024

Labour Law

Tech Firm Five9 Faces Tough Choices; Layoffs Announced

Five9, a San Ramon-based contact center products vendor, has recently announced workforce reduction. The company has decided to lay off approximately 7 percent of its workforce. This move comes as part of the company’s broader efforts to drive balanced, profitable growth and increase shareholder value. The Layoff Announcement by Five9 In an email to employees, […]

Aug 23, 2024

Compensation

Bengaluru Saarthi AI CEO’s Passport Stolen Amid Layoffs

Saarthi AI, an artificial intelligence startup headquartered in Bengaluru, finds itself embroiled in a complex web of financial and legal troubles. The company, which recently underwent mass layoffs in pursuit of profitability, now faces allegations of unpaid salaries and an unusual claim from its CEO, Vishwa Nath Jha. Background: Mass Layoffs and Financial Strain at […]

Aug 20, 2024

Jobs

Reliance Industries Cuts 42,000 Jobs: An Alarming Move

In a surprising development, Reliance Industries Limited (RIL), one of India’s largest conglomerates, has downsized its workforce significantly. The reduction affects various divisions within the company, with the retail segment being hit particularly hard. Here are the key details: Magnitude of Job Cuts at Reliance Industries RIL’s employee count dropped from 3.89 lakh in the […]

Aug 12, 2024

Employment

Intel Plans Major Layoffs Amid Financial Struggles

According to Bloomberg report, Intel plans to cut thousands of jobs to recover from recent earnings declines and market share losses. The tech firm, employing about 110,000 people (excluding spun-off units), is expected to announce the layoffs this week as part of a cost-cutting strategy, according to sources. The company is facing market headwinds and […]

Jul 31, 2024

Employment

Deutsche Bahn to Cut 30,000 Jobs

Deutsche Bahn, the German railway operator, is set to reduce its workforce by 30,000 positions over the next five years. This includes an immediate cut of 1,500 jobs this year. The decision comes in response to severe financial losses, with the company reporting a €1.2 billion net loss for the first half of the year. […]

Jul 29, 2024

Employment

WayCool Foods Faces Financial Struggles with Latest Layoffs

Chennai-based agri-tech startup WayCool Foods has recently made headlines with its third round of layoffs within a year. The company, facing financial challenges, has let go of over 200 employees across various departments. This move comes as WayCool strives to streamline operations and mitigate mounting losses amid ongoing funding constraints. The Layoffs: A Necessary Measure WayCool’s latest round of […]

Jul 27, 2024

Employment

PwC Layoffs in China’s Financial Services Audit Team

PricewaterhouseCoopers (PwC), a global professional services firm, is facing a critical decision in its China operations. Sources reveal that PwC is considering slashing up to half of its financial services auditing staff in mainland China. This move comes amidst regulatory scrutiny and an exodus of clients, casting a shadow over the firm’s business prospects. Chinese […]

Jul 17, 2024