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: Dec 2023

Industry

Deloitte turns to AI to avoid Mass Layoffs in the future

Dec 18, 2023

ZestMoney to shut down, to lay off the remaining employees

Buy now pay later BNPL firm ZestMoney will be shutting down its operations this month and will lay...

Layoffs

Dec 8, 2023

ZestMoney to shut down, to lay off the remaining employees

Simplilearn layoffs employees

According to inc, The worlds leading digital skills provider, enabling learners across the ...

Layoffs

Dec 8, 2023

Spotify layoffs of the workforce globally

The worlds most popular audio streaming company, Spotify has reduced of the workforce in ...

Layoffs

Dec 4, 2023

Industry

5 Ways to Future Your Career

In such a challenge when companies are laying off employees, and freezing the hiring, it is important to find ways to Future Your Career. Vikas Dua, Head of People, Weber Shandwick has shared the 5 effective ways to Future Your Career on LinkedIn. Here are 5 ways you can go about this – Vikas Dua […]

Nov 27, 2023

Layoffs

Barclays is planning to cut 2,000 jobs amid cost-cutting measures

According to Reuters, British multinational universal bank Barclays is planning to cut 1500- 2,000 jobs amid cost-cutting measures. The bank had previously made efforts to reduce expenses in recent years. This reduction included the reduction of bonuses and jobs in its retail and investment banking businesses. However, now the bank is planning to save costs to […]

Nov 25, 2023

Layoffs

L&T Technology sacks 200 employees

An Indian multinational technology company that provides engineering research and development services, L&T Technology has sacked 200 employees. According to TOI, the company spokesperson said, “We conduct annual performance reviews as a standard process to assess the capabilities of our workforce every year and act appropriately based on skill sets and performance.” “This is essential […]

Nov 24, 2023

Layoffs

In today’s Job Market is Your Job Safe? Or Can You Be Sacked?

Recently, An American artificial intelligence research organization, OpenAI sacked CEO Sam Altman. The company said, “Mr. Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities.” However, Microsoft CEO Satya Nadella appointed the former OpenAI CEO […]

Nov 21, 2023

Layoffs

EdTech firm PhysicsWallah sacks over 100 employees

Indian EdTech Firm, PhysicsWallah (PW) has sacked nearly 120 employees due to a performance review. Satish Khengre, Chief Human Resources Officer at PhysicsWallah said, “At PW, we regularly assess performance through mid-term and end-term cycles.” “For the cycle ending in October, less than 0.8 percent of our workforce, ranging from 70 to 120 individuals with […]

Nov 20, 2023

Layoffs

OpenAI sacked CEO Sam Altman: “The board no longer has confidence”

An American artificial intelligence organization, OpenAI has laid off CEO Sam Altman and Chief Technology Officer. Mira Murati is appointed interim CEO to lead the company. The company said, “Mr. Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering […]

Nov 18, 2023

Layoffs

Tata Steel cuts 800 jobs in the Netherlands

As per Reuters, an Indian multinational steel-making company, Tata Steel has sacked 800 employees in the Netherlands. The employees have been impacted by the layoffs due to market conditions and to bring down costs. As per the bifurcation of the layoffs, 500 full-time workers and 300 temporary positions have been impacted in the IJmuiden plant near […]

Nov 14, 2023

Layoffs

Over 4 Lakhs employees lost Jobs in 2023

The year 2023 has been a year of layoffs. Some companies have skipped or rethinking on-campus hiring. However, Over 4 Lakhs employees lost Jobs in 2023. So far in 2023, there have been 1,822 layoffs at tech companies with 402,567 people impacted (1,270 people per day). In 2022, there were 1,557 layoffs at tech companies and 243,318 people impacted (667 people per day). Layoff Months in 2023 […]

Nov 13, 2023

Layoffs

Amazon has begun layoffs in its Music division

According to Reuters, Amazon has begun cutting jobs in its Music division, the company said on Wednesday, confirming the latest of several rounds of layoffs over the past year that have affected more than 27,000 employees of the retail giant. Employees in Latin America, North America, and Europe received notices that their jobs had been […]

Nov 9, 2023

Layoffs

Citigroup plans to lay off 10% of its workforce

An American multinational investment bank and financial services corporation, Citigroup has planned to lay off 10% of its workforce. According to the reports of CNBC, the managers and consultants working on Fraser’s reorganization — known internally by its code name, “Project Bora Bora” might be affected by the layoffs. The employees affected by the layoffs […]

Nov 8, 2023

Layoffs

Electrolux is expected to layoff 3,000 positions

Electrolux Group is expected to layoff approximately 3,000 positions, resulting in a restructuring charge in the fourth quarter of 2023 of SEK 2-2.5bn, which will be reported as a non-recurring item. The impact is due to weak market demand with consumers mixing down to lower price points has been accompanied by increasing price pressure in […]

Oct 28, 2023

Layoffs

Volkswagen plans to sack 2,000 jobs

Volkswagen is planning to cut 2,000 jobs at its troubled software unit Cariad as part of a restructuring plan. The move of layoffs is part of a larger trend as companies cutting jobs and slowing hiring as investors become increasingly fearful of a recession. Tech companies have either frozen the hiring process or laid off many […]

Oct 28, 2023