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: Jan 2024

Layoffs

Google sacks employee after years of service Layoffs Suck

Jan 16, 2024

Citigroup will be cutting , jobs

An American multinational investment bank and financial services corporation,nbspCitigroup Inc. ha...

Layoffs

Jan 15, 2024

After Google, Meta sacks technical programme manager roles

Meta, the parent company of Facebook has reportedly sacked employees particularly those in Techni...

Layoffs

Jan 12, 2024

After Google, Meta sacks technical programme manager roles

Layoffs continue in , Google sacks hundreds of employees

According to Reuters, an American multinational technology company, Google said on Wednesday that th...

Layoffs

Jan 11, 2024

Layoffs

Flipkart to layoff 5-7% of workforce soon based on performance

According to TOI report, the e-commerce platform, Flipkart will sack 5-7% workforce based on a performance review that will be completed by March-April. Flipkart, excluding its fashion portal Myntra, currently employs 22,000 employees. The reports also suggested that this is not the first time Flipkart has sacked employees due to annual performance the company has been […]

Jan 8, 2024

Layoffs

Frontdesk laid off entire staff in 2 mins call, Xerox to cut 15% workforce

As 2024 starts A prop-tech startup company, Frontdesk has laid off around 200 employees which is the entire workforce of the company, over a two-minute Google Meet call. According to report, “Frontdesk was still optimistic about its ability to raise more capital.” The startup had posted on LinkedIn openings for several jobs, including a chief […]

Jan 4, 2024

Layoffs

Paytm CEO shares to-do list- 2024 after sacking over 1,000 people

An Indian multinational financial technology company, Paytm CEO Vijay Shekhar Sharma said that the company would undergo major AI upgrades in 2024. He has shared a post on social media platform X (formally Twitter) by saying, “Making my to-do list for 2024. What would you like to change/ upgrade in the Paytm app?” “We have changed […]

Dec 30, 2023

Layoffs

Check out the Reasons for Layoff of over 4 lakh people in 2023

As per Trueup Report Layoff 2023, there are 1,992 laid off at tech companies with 428,335 people impacted (1,187 people per day). In 2023, the companies laid off employees because of Overestimation of Demand, new technology generative AI, breach of the ethical code, global macroeconomic conditions, and based on annual performance reviews. Details as below. Overestimation of Demand MoS IT […]

Dec 27, 2023

Layoffs

Nike plans to sack hundreds of employees to cut costs

An American athletic footwear and apparel corporation, Nike is planning to sack hundreds of employees to cut costs. Due to Nike’s poor sales over the last year the company has been cutting costs across the different departments. The company is planning to increase the automation of certain services to save $2 billion in costs. This […]

Dec 26, 2023

Layoffs

Google to lay off 30,000 employees due to AI restructuring?

According to various media reports, The IT major, Google’s advancement in artificial intelligence may result in restructuring the ad sales department, which may impact employees from the ad sales unit at Google. The advancement and introduction of new AI-based tools will automatically suggest and create new ads that perform well for customers. As a result, […]

Dec 26, 2023

Layoffs

Paytm to sack more than 1000 employees amid cost-cutting

As per ET report, an Indian multinational financial technology company, Paytm will sack over 1000 employees amid cost-cutting measures. The layoffs are currently impacting over 10 percent of the company’s entire workforce. The company reportedly wants to save 10-15% of staff costs over the current fiscal year. “Our core business of payment may see manpower […]

Dec 25, 2023

Layoffs

Game publisher, Versus Evil shut down, entire team was laid off

Game publisher, Versus Evil has announced that the company will shut down leading to the layoff of the entire team. indie games publisher has shared the information through the social media Platform X saying, “Today is a sad day. After 10 wonderful years, Versus Evil is shutting its doors.” “We’ve loved bringing you the best […]

Dec 23, 2023

Social Media

Reflecting on 2023: Key Learnings in the Indian HR Landscape

In 2023 the companies have either seen layoffs or hiring slowdown in IT and Tech Industries due to slow global economic growth caused by higher interest rates, and rising inflation. Moreover, Generative AI was a topic of discussion when companies including Google and Microsoft introduced Bard and Chatgpt respectively. Recently, Arjun Singh, Chief Human Resources Officer, […]

Dec 22, 2023

Layoffs

Technology company Intel to lay off 235 employees

According to various media reports, an American multinational corporation and technology company, Intel is laying off 235 employees. The company spokesperson said, “Intel is working to accelerate its strategy while reducing costs through multiple initiatives, including some business and function-specific workplace reductions across the company.” Currently, in California Intel has 13,000 employees. As per reports, […]

Dec 20, 2023

Layoffs

Udaan to lay off 100-150 employees

A B2B trade platform, designed specifically for small & medium businesses in India, Udaan to lay off 100-150 employees. These are roughly 10% of the startup’s entire workforce. According to Moneycontrol report, the development comes just days after it had raised $340 million in a series E funding round led by M&G Plc, The employees from peons to […]

Dec 18, 2023

Industry

Deloitte turns to AI to avoid Mass Layoffs in the future

Amid the Generative AI debut multinational professional services network and one of the Big Four accounting firms, Deloitte is now turning to AI to avoid Mass Layoffs in the Future. The company has now explored the use of generative artificial intelligence to automate repetitive and time-consuming tasks previously handled by junior staff members. The company […]

Dec 18, 2023