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: Feb 2023
McKinsey to sack 2000 employees in one of its biggest layoffs
Layoffs

McKinsey to sack 2000 employees in one of its biggest layoffs

A global management consulting firm, McKinsey & Co is planning to cut about 2,000 jobs. This is in one of its biggest rounds of layoffs. The company’s job cuts could affect more than 4% of the workforce. McKinsey & Co currently employs nearly 44,000 employees. The headcount of the company has grown up from 28,000 […]

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Layoffs again: HP, Twitter, MyGate to sack hundreds of employees
Layoffs

Layoffs again: HP, Twitter, MyGate to sack hundreds of employees

Layoffs are a tough decision for any company. However, there have been various companies that have been announcing layoffs. Now, the leading companies HP, Twitter, and MyGate sacking hundreds of employees. HP An American multinational information technology company, HP has announced that it will lay off around 100 employees in Israel. The company has cut major […]

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Google fired an employee to launch its own venture within notice period
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Google fired an employee to launch its own venture within notice period

Recently, An American multinational technology company, Google parent Alphabet announced to sack 12,000 employees. Henry Kirk worked as a manager at Google for eight years. He has decided to start his venture with six former colleagues who had also been laid off. Henry Kirk, Engineering Manager (Senior TLM), iOS/Android, Google shared a LinkedIn Post saying, “I have […]

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Ericsson to layoff 1,400 jobs in Sweden to reduce cost
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Ericsson to layoff 1,400 jobs in Sweden to reduce cost

A Swedish multinational networking and telecommunications company, Ericsson plans to cut about 1,400 jobs in Sweden. Additionally, Ericsson will be cutting more jobs that will be affecting several thousand people in other countries in the coming days. The company had earlier announced plans to cut costs by 9 billion crowns ($880 million) by the end of […]

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No Layoffs at TCS, instead will like to hire impacted people
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No Layoffs at TCS, instead will like to hire impacted people

On people losing jobs with startups, amid the layoff wave, Tata Consultancy Services (TCS) Chief Human Resources officer Milind Lakkad said that TCS will be looking to hire such impacted employees. Milind Lakkad told PTI, “We don’t do that (layoffs), we believe in grooming talent in the company…(there will be) no layoffs.” He explained the layoffs […]

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Infosys in trouble for firing freshers
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Infosys in trouble for firing freshers

An Indian multinational information technology company, Infosys fired 600 freshers after they failing in an internal assessment test. However, Infosys co-founder Kris Gopalakrishnan has said that layoffs aren’t desirable, but can’t be avoided. Infosys co-founder Kris Gopalakrishnan said the layoffs have been disheartening. The IT industry currently employs 5 lakh people. The industry has been continuously adding […]

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Google sacks 453 employees in India
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Google sacks 453 employees in India

An American multinational technology company, Google laid off 453 employees from various departments in India late at night on Thursday. As per reports, the employees from software developers, backend developers, cloud engineers, and digital marketers have been affected. Few of the employees took on LinkedIn to share their experiences. Recently in January, an American multinational technology company, Google […]

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KPMG to sack 700 employees due to economic slowdown
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KPMG to sack 700 employees due to economic slowdown

A multinational professional services network, and one of the Big Four accounting organizations, KPMG will sack 700 employees due to the economic slowdown of nearly 2 percent of its workforce in the United States. Initially, The job cuts were announced on February 15 by Carl Carande, Vice-Chair of KPMG’s US advisory business. A spokesperson for […]

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LinkedIn sacks employees in recruitment department: Report
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LinkedIn sacks employees in recruitment department: Report

According to reports, a business and employment-focused social media platform, LinkedIn will sack employees in the recruitment department. However, LinkedIn has not commented on the exact number of employees affected by the layoffs. Recently in January, Global tech giant Microsoft announced that it would sack about 5 percent or 10,000 of its workforce amid a […]

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A couple lost their Jobs for abusing their minor domestic help
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A couple lost their Jobs for abusing their minor domestic help

A Couple in Gurugram has recently lost their Jobs for abusing and torturing their 17 years old minor domestic help. The domestic help was based out of Ranchi in Jharkhand and she was hired through a placement agency. The police arrested Manish Khattar and his wife Kamaljeet Kaur. Manish Khattar was arrested immediately but Kamaljeet Kaur was […]

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IIT graduate laid off by Microsoft gets overwhelming support from Twitter
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IIT graduate laid off by Microsoft gets overwhelming support from Twitter

In January 2023 Microsoft announced to sack 11,000 employees worldwide due to the global economic slowdown. An IIT graduate took to Twitter to share his post about being laid off by Microsoft. Koustuv Saha shared a tweet, “I am laid off from @MSFTResearch MTL. It hasn’t quite sunk in, but it has hit my confidence to lose […]

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Kris Gopalakrishnan Infosys co-founder: Layoffs can’t be avoided
Industry

Kris Gopalakrishnan Infosys co-founder: Layoffs can’t be avoided

According to business today, Infosys co-founder Kris Gopalakrishnan has said that layoffs aren’t desirable, but can’t be avoided. Infosys co-founder Kris Gopalakrishnan said the statement at the All Summit 2023 by Great Place to Work. However, the layoffs have been disheartening. The IT industry currently employs 5 lakh people. The industry has been continuously adding […]

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