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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: Oct 2023
Nokia to slash , jobs to save costs
Layoffs

Nokia to slash , jobs to save costs

Oct 19, 2023

After LinkedIn, KPMG lays off about of deal advisory staff in UK

As reported by Business Today, A multinational professional services network, and one of the Big Fou...

Layoffs
Oct 18, 2023
After LinkedIn, KPMG lays off about of deal advisory staff in UK

LinkedIn lays off roles Read Email Sent to Employees

Microsoft-owned LinkedIn announced to sacking of employees across the engineering, product, tale...

Layoffs
Oct 17, 2023
LinkedIn lays off roles Read Email Sent to Employees

Bizongo to lay off of its employees

The AI-powered vendor digitization and embedded financing platform company, Bizongo is to lay off ...

Layoffs
Oct 9, 2023
Bizongo to lay off of its employees
Companies Layoffs in 2023, How Affected HR Recruitment Teams
Layoffs

Companies Layoffs in 2023, How Affected HR Recruitment Teams

So far in 2023, there have been 1,618 layoffs at tech companies with 361,343 people impacted (1,304 people per day). In 2022, there were 1,557 layoffs at tech companies and 243,318 people impacted (667 people per day). During these layoffs, companies have also sacked the HR recruitment teams. The move of layoffs is part of a larger trend of tech companies cutting jobs and slowing hiring […]

Oct 4, 2023
An employee gets 37 Lakhs after being sacked for Menopause
Work Model

An employee gets 37 Lakhs after being sacked for Menopause

Karen Farquharson worked at the engineering firm Thistle Marine a female employee from Scotland has been rewarded with over 37,000 pounds (approximately Rs. 37,15,281) in compensation. Karen Farquharson the employee had quit her job after her boss said that she uses menopause as an “excuse for everything.” She had sued the company for unfair dismissal and harassment. […]

Oct 3, 2023
Foodpanda cuts staff in Asia-Pacific amid potential partial sale
Layoffs

Foodpanda cuts staff in Asia-Pacific amid potential partial sale

A subsidiary of Delivery Hero, Foodpanda has planned to cut staff in Asia-Pacific amid a potential partial sale. The company has not disclosed the exact number of layoffs and departments that have been impacted by the job cuts. According to CNBC, Jakob Sebastian Angele, APAC CEO of Foodpanda, said on Thursday in a letter shared with […]

Sep 25, 2023
Byju’s defers to pay laid-off employees full & final settlements
Compensation

Byju’s defers to pay laid-off employees full & final settlements

Earlier in June, An Indian multinational educational technology company, Byju’s had laid off over 1,000 employees across various departments, including mentoring, logistics, training, sales, post-sales, and finance. According to Money Control report, Edtech Major said in a mail to the laid-off employees, “This is to inform you that the full and final settlement amount will be […]

Sep 19, 2023
FedEx announces layoff, Citigroup prepares for job cuts
Layoffs

FedEx announces layoff, Citigroup prepares for job cuts

According to reports, An American multinational conglomerate holding company FedEx will sack a few employees in the IT and finance departments. These layoffs will be part of a realignment and streamlining exercise. Earlier, in February the company FedEx Corp laid off more than 10 percent of its global management staffers as the delivery company faced […]

Sep 15, 2023
Alphabet, Google’s parent company lays off hundreds of employees
Layoffs

Alphabet, Google’s parent company lays off hundreds of employees

The tech giant Google’s parent company Alphabet will be laying off hundreds of employees from its global recruiting team. As per the media reports, the layoff continues amid slow hiring. Moreover, the company is actively assisting affected employees in their search for alternative roles, both within Alphabet and in other organizations. Alphabet is the first “Big […]

Sep 14, 2023
UBS to cut 100 jobs in Asia, Chargebee lays off 10% workforce
Layoffs

UBS to cut 100 jobs in Asia, Chargebee lays off 10% workforce

UBS Group AG is cutting Asia wealth-management jobs in the low hundreds, just months after completing its takeover of rival Credit Suisse as the bank responds to muted client activity and China’s slowing economy. According to various media reports, UBS plans to cut a minimum of 100 positions, including roles such as relationship managers in Hong […]

Sep 12, 2023
Barclays plans layoffs, Goldman Sachs to sack underperformers
Layoffs

Barclays plans layoffs, Goldman Sachs to sack underperformers

According to a Reuters report, Barclays is planning to cut hundreds of jobs across its trading and investment bank divisions. British lending group is planning to remove about 5% of client-facing staff in the trading division along with some dealmakers globally, as well as restructure teams within its UK consumer-banking unit. A Barclays spokesperson said, […]

Sep 9, 2023
341,544 employees laid off in 2023: MS Dhoni-backed firm layoffs more people
Layoffs

341,544 employees laid off in 2023: MS Dhoni-backed firm layoffs more people

The year 2023 has been a year of layoffs there have been 1,489 layoffs at tech companies with 341,544 people impacted (1,383 people per day). The move of layoffs is part of a larger trend of tech companies cutting jobs and slowing hiring as investors become increasingly fearful of a recession. Tech companies have either frozen the hiring process or […]

Sep 4, 2023
Byju’s asked staff to resign voluntarily after performance review
Layoffs

Byju’s asked staff to resign voluntarily after performance review

Byju’s layoffs: India’s largest ed-tech company, Byju’s asked employees to resign voluntarily after performance review, according to reports. There are nearly 400 employees who are impacted in mentoring and product expert division and HR has informed about the layoffs. Employees placed under performance review last month were reportedly asked to resign on August 17. “The […]

Aug 19, 2023
Is job market facing recession & lack of jobs?
Industry

Is job market facing recession & lack of jobs?

There has been a decrease in the headcount and layoffs in 2023 that have raised questions about the Job Market facing recession & lack of jobs. In an interview with The Indian Express, MoS IT Rajeev Chandrasekhar said that the overestimation of demand led to post-COVID job cuts. Rajeev Chandrasekhar stated, “If we look at […]

Aug 14, 2023
Amazon employee sacked after 9 yrs: being part of layoff isn’t easy
Layoffs

Amazon employee sacked after 9 yrs: being part of layoff isn’t easy

An American multinational technology company, Amazon has sacked an employee after 9 years of service she said that being part of a layoff isn’t easy. Shylo Staats, shared a post on LinkedIn saying, “After 9 years, I’m bid farewell to Amazon. Being part of the layoffs isn’t easy, but I’m filled with gratitude.” “I am grateful […]

Aug 14, 2023