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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 2023
Accenture is delaying onboarding for new-hire on top of job cuts
Industry

Accenture is delaying onboarding for new-hire on top of job cuts

Apr 14, 2023

IT company cuts workforce of global team read founder email

IT company, Amplitude co-founders Spenser Skates, Curtis Liu, and Jeffrey Wang sent an email announc...

Layoffs
Apr 13, 2023
IT company cuts workforce of global team read founder email

Google rolls back its COVID vaccine policy, Pichai on mass layoffs

Earlier Google had announced to elimination or reduction of several perks, including some of the com...

Industry
Apr 12, 2023
Google rolls back its COVID vaccine policy, Pichai on mass layoffs

Practo sacks employees Tips entering startups during layoffs

Healthtech startup Practo has sacked nearly employeesnbspdue to Performance Issues. As a...

Layoffs
Apr 10, 2023
Practo sacks employees Tips entering startups during layoffs
Google & Amazon offering upto 1 year salary to leave voluntarily
Layoffs

Google & Amazon offering upto 1 year salary to leave voluntarily

According to the reports of the Business Standard, Both the tech companies Google & Amazon have recently announced the sack of thousands of employees. However, the companies are offering salaries so they leave voluntarily. Google Speaking about the geographical bifurcations in Europe mass layoffs are not possible due to labor protections. Prior to the layoffs, […]

Apr 7, 2023
Microsoft HR boss wrote a legendary memo 30 years ago on “employee perks” & “cost-cutting”
Industry

Microsoft HR boss wrote a legendary memo 30 years ago on “employee perks” & “cost-cutting”

Steven Sinfosky, the former President of Microsoft’s Windows business shared the memo on Twitter on Tuesday. His tweet says, “One of the most famous memos in all of Microsoft history was a first memo about cost-cutting which came about in 1993 (see early 90s recession). “Mike Murray, leading HR, wrote the memo “Shrimp and Weenies“—before MS, Mike […]

Apr 7, 2023
Amazon to plans to cut Stock Awards & fire hundreds of employees
Compensation

Amazon to plans to cut Stock Awards & fire hundreds of employees

The e-commerce technology company, Amazon has recently announced to sack more than 100 employees from its gaming division.  The company is ongoing efforts to restructure and streamline its operations resulting in layoffs. The company’s Games VP Christoph Hartmann wrote a memo to staff and informed them about the job cuts. Christoph Hartmann wrote, “After evaluating […]

Apr 6, 2023
Virgin Orbit COO calls out company leadership for failures
Industry

Virgin Orbit COO calls out company leadership for failures

According to the CNBC reports, Recently, Small-satellite launch provider Virgin Orbit was ceasing its operations. The company failed to secure a funding plan. Virgin Orbit is looking to sell assets in its bankruptcy filing. Hence, The company laid off 675 employees nearly 85% of its workforce. The company’s chief operating officer (COO) Tony Gingiss has […]

Apr 5, 2023
‘Rollercoaster of emotions,’ says Microsoft employee fired after 25 yrs of job
Layoffs

‘Rollercoaster of emotions,’ says Microsoft employee fired after 25 yrs of job

The year 2023 started off with the layoff note. Many Tech companies have sacked lakhs of employees. Recently, Microsoft conducted another round of layoffs which affected 10,000 employees. Among the affected employees who lost their jobs a woman named Ann Pfeiffer has shared her experience. The company has fired the employee after over 25 years of service. […]

Apr 5, 2023
McKinsey & Company to slash 1,400 jobs this week
Layoffs

McKinsey & Company to slash 1,400 jobs this week

According to a Bloomberg report, Consulting giant McKinsey & Company is embarking on a rare round of major job cuts, with plans to eliminate about 1,400 jobs this week. The job cut is nearly 3% of the total workforce. The company is laying off employees due to a global economic downturn. The company is restructuring […]

Mar 29, 2023
Employee sacked for reheating food in the company’s microwave
Layoffs

Employee sacked for reheating food in the company’s microwave

The year 2023 started on a layoff note. So far in 2023, there have been 708 layoffs at tech companies with 211,140 people impacted (2,427 people per day). In 2022, there were 1,535 layoffs at tech companies 241,176 people were impacted. There can be many reasons behind sacking an employee. Companies are laying off employees due to poor performance, cost-cutting, or due to economic uncertainty. […]

Mar 28, 2023
GitHub sacks entire engineering team in India
Layoffs

GitHub sacks entire engineering team in India

Microsoft-owned, AI-powered developer platform GitHub has sacked its entire engineering team operating in India. This has affected nearly 100 employees. Gergely Orosz, Tech writer has shared the information through a Tweet, “What I am hearing: GitHub’s India engineering team is no more. Yesterday, the complete dev team was let go at once. We’re talking of […]

Mar 28, 2023
Flipkart’s Chief People Officer confirms no mass layoffs at Flipkart
Industry

Flipkart’s Chief People Officer confirms no mass layoffs at Flipkart

The e-commerce company Flipkart Krishna Raghavan, the Chief People Officer has said that there will be no mass layoffs in the company. In the conversation with mint Krishna Raghavan told that the company will not be offering salary hikes to senior management officials and also would not lead to any job cuts. Additionally, the company will not delay […]

Mar 27, 2023
IT services companies plan to cut 5% of the BFSI workforce
Layoffs

IT services companies plan to cut 5% of the BFSI workforce

The US and European banks are currently facing a financial crisis. This will adversely affect India’s many IT services companies including Tata Consultancy Services (TCS), Wipro, HCL, and Infosys. The reports suggested that the regional banks in the US account for 2-3 percent of their total revenue. However, TCS, Infosys, and Mindtree may have an exposure of 10-20 basis […]

Mar 25, 2023
No end to layoffs! READ heartbroken CEO’s message on layoffs
Layoffs

No end to layoffs! READ heartbroken CEO’s message on layoffs

There is no end to layoffs recently an American worldwide employment website, Indeed has sacked 2,200 employees roughly 15% of the workforce. The company’s severance package will have some additions based on role and location, but under the severance agreement employees will receive: Indeed CEO Chris Hyams wrote, “I am heartbroken to share that I have made […]

Mar 25, 2023
Amazon posted nearly 25000 openings for 7798 approved positions
Industry

Amazon posted nearly 25000 openings for 7798 approved positions

According to Insider reports, Amazon team of the Web Services Department (AWS) had posted 24,988 open positions, but only 7,798 of those positions were approved to be filled. The company posted over three times the number of job openings approved in 2022. This indicates Amazon’s over-hiring employees and the error has ever caused mass layoffs within […]

Mar 24, 2023