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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: Dec 2023
Nike plans to sack hundreds of employees to cut costs
Layoffs

Nike plans to sack hundreds of employees to cut costs

Dec 26, 2023

Google to lay off , employees due to AI restructuring?

According to various media reports, The IT major, Googles advancement in artificial intellige...

Layoffs
Dec 26, 2023
Google to lay off , employees due to AI restructuring?

Paytm to sack more than employees amid cost-cutting

As per ET report, an Indian multinational financial technology company, Paytm will sack over em...

Layoffs
Dec 25, 2023
Paytm to sack more than employees amid cost-cutting

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 t...

Layoffs
Dec 23, 2023
Game publisher, Versus Evil shut down, entire team was laid off
Reflecting on 2023: Key Learnings in the Indian HR Landscape
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
Technology company Intel to lay off 235 employees
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
Udaan to lay off 100-150 employees 
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
Deloitte turns to AI to avoid Mass Layoffs in the future
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
ZestMoney to shut down, to lay off the remaining 130 employees
Layoffs

ZestMoney to shut down, to lay off the remaining 130 employees

Buy now pay later (BNPL) firm ZestMoney will be shutting down its operations this month and will lay off the remaining 130 employees. The layoff will affect the 130 employees. However, the company will retain a skeletal legal and finance team to see through the shutdown. The move of layoff came after ZestMoney’s founders resigned in […]

Dec 8, 2023
Simplilearn layoffs 200 employees
Layoffs

Simplilearn layoffs 200 employees

According to inc42, The world’s leading digital skills provider, enabling learners across the globe, Simplilearn laid off 200 employees due to poor performance. The layoffs at Simplilearn have impacted employees from the sales, marketing, and operation teams. However, layoffs have been sudden. While speaking with inc42 an employee said, “These layoffs were unexpected. Although […]

Dec 8, 2023
Spotify layoffs 17% of the workforce globally
Layoffs

Spotify layoffs 17% of the workforce globally

The world’s most popular audio streaming company, Spotify has reduced 17% of the workforce in its third round of layoffs in 2023. In a note on Monday, CEO Daniel Ek shared the following message about the company’s organizational changes with all Spotify employees. Team, Over the last two years, we’ve put significant emphasis on building Spotify into […]

Dec 4, 2023
5 Ways to Future Your Career
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
Barclays is planning to cut 2,000 jobs amid cost-cutting measures
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
L&T Technology sacks 200 employees
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
In today’s Job Market is Your Job Safe? Or Can You Be Sacked?
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
EdTech firm PhysicsWallah sacks over 100 employees
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