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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: Aug 2024
Infosys GenAI Revolution No Layoffs, Only Growth- CEO Salil
Layoffs

Infosys GenAI Revolution No Layoffs, Only Growth- CEO Salil

Aug 26, 2024

Tech Firm Five Faces Tough Choices Layoffs Announced

Five, a San Ramon-based contact center products vendor, has recently announced workforce reduction....

Labour Law
Aug 23, 2024
Tech Firm Five Faces Tough Choices Layoffs Announced

Bengaluru Saarthi AI CEOs Passport Stolen Amid Layoffs

Saarthi AI, an artificial intelligence startup headquartered in Bengaluru, finds itself embroiled in...

Compensation
Aug 20, 2024
Bengaluru Saarthi AI CEOs Passport Stolen Amid Layoffs

Reliance Industries Cuts , Jobs An Alarming Move

In a surprising development, Reliance Industries Limited RIL, one of Indias largest conglomerates...

Jobs
Aug 12, 2024
Reliance Industries Cuts , Jobs An Alarming Move
Intel Plans Major Layoffs Amid Financial Struggles
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
Deutsche Bahn to Cut 30,000 Jobs
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
WayCool Foods Faces Financial Struggles with Latest Layoffs
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
PwC Layoffs in China’s Financial Services Audit Team
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
Microsoft Faces Backlash After Cutting DEI Team Amid Changing Priorities
Employment

Microsoft Faces Backlash After Cutting DEI Team Amid Changing Priorities

In a surprising move, Microsoft recently laid off an internal team focused on diversity, equity, and inclusion (DEI). The decision has sparked debate and raised questions about the company’s commitment to its DEI efforts. Like many tech giants, Microsoft made public commitments to improve diversity and inclusion following the 2020 murder of George Floyd and […]

Jul 16, 2024
Salesforce cuts 300 jobs in second round layoffs
Employment

Salesforce cuts 300 jobs in second round layoffs

Salesforce, the renowned software giant, has recently announced a second round of layoffs, affecting approximately 300 employees. This move comes as part of the company’s ongoing efforts to streamline operations and manage costs. Previous Layoffs by Salesforce In January 2024, Salesforce eliminated 700 roles, constituting about 1% of its workforce. Those cuts were distributed across various […]

Jul 16, 2024
Yes Bank lays off 500 employees as part of restructuring efforts
Layoffs

Yes Bank lays off 500 employees as part of restructuring efforts

An Indian private sector bank, Yes Bank has undertaken an internal restructuring that has resulted in the layoff of 500 employees, with additional layoffs expected in the coming weeks, according to The Economic Times. The layoffs have affected staff across multiple departments, including wholesale and retail, with the branch banking segment experiencing the most significant […]

Jun 26, 2024
IT Sector Faces Silent Layoffs; Nearly 100,000 Jobs Lost in 2024
Layoffs

IT Sector Faces Silent Layoffs; Nearly 100,000 Jobs Lost in 2024

The year 2024 has been a turbulent period for the IT and Tech sector, with nearly 100,000 employees losing their jobs globally. According to Layoffs.fyi, 337 tech companies have laid off 98,834 employees in this year 2024. This significant reduction in the workforce highlights the ongoing challenges faced by the industry amidst economic uncertainties and shifting market […]

Jun 23, 2024
Paytm Employees Complain to Labour Ministry Over Layoffs
Layoffs

Paytm Employees Complain to Labour Ministry Over Layoffs

According to Moneycontrol, several employees of the fintech platform Paytm have filed a complaint to the Ministry of Labour and Employment. The complaint alleges that these employees were unlawfully terminated from their positions without being provided with any compensation. The report shows the serious nature of these allegations, bringing attention to potential issues within the […]

Jun 22, 2024
Intern Faces Toxic Work Culture: Laid off After Sick Leave
Social Media

Intern Faces Toxic Work Culture: Laid off After Sick Leave

An intern recounted her experience of being terminated from an internship shortly after relocating from Pune to Mumbai. She revealed that her dismissal occurred following a period of sick leave. Sharing the incident she took to LinkedIn explaining the incident, “I have been on the receiving end of toxic work culture during my one-month internship […]

Jun 13, 2024
Paytm lays off employees to improve cost efficiency
Layoffs

Paytm lays off employees to improve cost efficiency

One97 Communications, the parent company of Paytm, is implementing layoffs of an undisclosed number of employees as part of its restructuring efforts. This move aims to improve cost efficiency and streamline operations. The company has also committed to providing outplacement support to help the affected employees transition to new job opportunities. However, One97 Communications Limited […]

Jun 10, 2024
Kissflow to lays off 45-50 employees
Layoffs

Kissflow to lays off 45-50 employees

According to Money Control, Kissflow has reduced its workforce by approximately 15 percent, affecting around 45-50 employees. This downsizing spans across various departments, including sales, marketing, and product development. The layoffs were a consequence of the recent shutdown of certain products. Additionally, the decision followed the company’s annual performance reviews, which likely influenced the evaluation […]

Jun 10, 2024