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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: Apr 2024
Tesla persists with layoffs, aiming to cut , roles
Layoffs

Tesla persists with layoffs, aiming to cut , roles

Apr 24, 2024

Nike will sack over employees at Oregon Headquarters

Nike has announced another round of layoffs to sack nearly employees. On Friday, the company rep...

Layoffs
Apr 20, 2024
Nike will sack over employees at Oregon Headquarters

Layoff Toshiba to cut , jobs Google sacks employees

In the companies have been sacking employees Toshiba to Cut , Jobs and on the other hand, ...

Layoffs
Apr 19, 2024
Layoff Toshiba to cut , jobs Google sacks employees

Microsoft worker fired after over years reveals cause of layoffs

An American multinational corporation and technology company, Microsoft has recently laid off an emp...

Social Media
Apr 17, 2024
Microsoft worker fired after over years reveals cause of layoffs
Citi Bank suffers from increased severance expenses amid layoffs
Industry

Citi Bank suffers from increased severance expenses amid layoffs

Citi Group faced first-quarter challenges with rising expenses for severance payouts to laid-off staff and investments in replenishing a government deposit insurance fund, impacting its performance. In January,  Citigroup was expected to cut at least 20,000 jobs over the next two years as it reported its worst quarter in 14 years. In its restructuring, Citi […]

Apr 15, 2024
TCS employees filed complaint amidst layoff upheaval
Layoffs

TCS employees filed complaint amidst layoff upheaval

The reported complaint against Tata Consultancy Services (TCS) filed by over 20 employees in the US with the US Equal Employment Opportunity Commission alleges discrimination based on race and age. The complaint suggests that the company favored individuals with H1-B visas over them in job assignments. This issue highlights the complexities and challenges surrounding employment […]

Apr 4, 2024
McKinsey is offering 9 months’ pay to leave the firm & find new Job
Layoffs

McKinsey is offering 9 months’ pay to leave the firm & find new Job

Amid a sector-wide downturn, McKinsey, a global management consulting firm plans to offer compensation to numerous senior employees opting to depart, aiming to trim its workforce. This initiative reflects McKinsey’s strategy to mitigate the impact of the downturn on its operations while allowing affected employees the opportunity to explore other career paths with financial support. […]

Apr 3, 2024
Dell cuts 6,000 jobs from global workforce
Layoffs

Dell cuts 6,000 jobs from global workforce

In a filing as of February 2, 2024, Dell had approximately 120,000 employees. As per reports of India today the company had 1,26,000 employees. The company said throughout Fiscal 2024, it has continued to take certain measures to reduce costs, including limiting external hiring, employee reorganizations, and other actions to align the investments with the announced […]

Mar 26, 2024
Ericsson to cut 1,200 jobs due to decreased demand
Layoffs

Ericsson to cut 1,200 jobs due to decreased demand

Ericsson, a Swedish multinational networking and telecommunications company plans to cut 1,200 jobs due to decreased demand. The company expects a challenging mobile networks market in 2024, with further volume contraction as customers remain cautious. In line with managing lower volumes, the company has announced proposed staff reductions in Sweden. This measure is part of […]

Mar 26, 2024
Unilever to expedite GAP, cuts 7500 jobs, splits Ice Cream
Layoffs

Unilever to expedite GAP, cuts 7500 jobs, splits Ice Cream

Unilever has announced initiative to expedite its Growth Action Plan (GAP) by splitting its Ice Cream division and initiating a significant productivity program. The division of Ice Cream will aid Unilever’s leadership in expediting the execution of its GAP, introduced in October 2023. This strategy aims to streamline operations, enhance productivity, and foster a performance-driven […]

Mar 20, 2024
Air India terminates employment for over 180 non-flying employees
Layoffs

Air India terminates employment for over 180 non-flying employees

The flag carrier airline of India, Tata Group, Air India has terminated employment for over 180 non-flying employees. CNBC reported Air India’s statement, “As part of the fitment process, employees in non-flying functions have been assigned roles based on organisational needs and individual merit.” “A comprehensive process has been followed to assess the suitability of […]

Mar 18, 2024
Paytm anticipates 20% reduction in its workforce
Layoffs

Paytm anticipates 20% reduction in its workforce

As per the reports of Money Control, one of India’s largest digital payment apps, Paytm expects to reduce its workforce by approximately 20%. However, the exact number is still unknown. The company’s current annual appraisal cycle could be driving these layoffs, with job cuts possibly being influenced by individual performance evaluations during this period. The report […]

Mar 16, 2024
Shell to reduce Deals Team workforce by 20% for cost-saving
Layoffs

Shell to reduce Deals Team workforce by 20% for cost-saving

An international energy company, Shell intends to trim its Deals Team workforce by at least 20% as part of ongoing efforts to streamline its business operations and lower expenses through restructuring. There are no official announcements regarding layoffs on the company’s end. However, according to Bloomberg, The spokesperson said, “Shell aims to create more value […]

Mar 15, 2024
IBM announces layoffs in marketing division in brief 7-mint meeting
Layoffs

IBM announces layoffs in marketing division in brief 7-mint meeting

According to a CNBC report, IBM (International Business Machines Corp) initiated layoffs in its marketing and communications division without specifying the number of affected jobs. Chief Communications Officer Jonathan Adashek allegedly disclosed the decision in a brief 7-minute meeting. IBM’s CEO, Arvind Krishna, previously stated plans to pause hiring for roles susceptible to automation, citing […]

Mar 13, 2024
YouTube Music contract staff sacked without notice
Layoffs

YouTube Music contract staff sacked without notice

As the contract between Cognizant and Google came to an end, YouTube Music employees who were subcontracted through Cognizant faced layoffs. The workers had been asking for better pay and benefits for a year. Jack Benedict, a YouTube data analyst video was shared on the social media platform X highlighting the issue. The video headline […]

Mar 4, 2024
Sony PlayStation division to cut 900 jobs: Read CEO Message
Layoffs

Sony PlayStation division to cut 900 jobs: Read CEO Message

PlayStation maker Sony Interactive Entertainment will lay off overall headcount globally by 8% or about 900 people, subject to local law and consultation processes. The employees across the globe, including the studios are impacted. Jim Ryan, President & CEO, Sony Interactive Entertainment, said, “Through discussions over the past few months about the evolving economic landscape, […]

Feb 28, 2024