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 2022

Layoffs

Is a year of layoffs? Companies layoff nearly , people

Dec 12, 2022

Intel sets out unpaid leaves for months to employees, starts layoff

Intel offering months of unpaid leave to employees as a result of cost-cutting measures. The chipm...

Layoffs

Dec 10, 2022

Intel sets out unpaid leaves for months to employees, starts layoff

Layoffs are illegal if not carried out as per Law Labour Minister

There have been retrenchment and layoffs across various sectors in the country including in IT, Mini...

Industry

Dec 9, 2022

Layoffs are illegal if not carried out as per Law Labour Minister

Digital company HealthifyMe announces layoff people slashed

Indias leading health tech start-up, HealthifyMe announced the layoff of employees. The step is...

Layoffs

Dec 9, 2022

Digital company HealthifyMe announces layoff people slashed

Layoffs

Adobe sacked 100 employees, majorly from the sales team

Adobe has reportedly laid off 100 employees but the firm confirms that the layoff is not companywide. The organization carried out the layoff process to reduce its expenses. Quick insights As per the 2022 financial reports of Adobe, the firm hired 28,700 workers. Adobe said that the company made a transition to support critical initiatives […]

Dec 8, 2022

Layoffs

Vedantu cuts 385 jobs, leadership takes 50% pay cut

Edtech major Vedantu has laid off another 385 employees. This is nearly 11.6 percent of the company workforce. The Job cuts will affect the workforce from sales, HR, and content teams. This is the fourth round of layoffs undertaken by the edtech unicorn in 2022. Vedantu’s co-founders and a few members of the leadership team […]

Dec 8, 2022

Layoffs

Morgan Stanley cuts about 1,600 jobs, 2% of its workforce

An American multinational investment management and financial services company, Morgan Stanley will lay off about 2% of its workforce. This affect about 1,600 positions workforce. The job cuts will affect workforce reductions at Goldman Sachs Group Inc and Citigroup Inc. The bank has more than 81,000 employees worldwide as of September 30. Morgan Stanley is making modest […]

Dec 8, 2022

Layoffs

PepsiCo to layoff hundreds of staff at headquarters

An American multinational food, snack, and beverage company, PepsiCo Inc is planning to lay off hundreds of workers from its headquarters in the North American snacks and beverages division. “The overall US labour market remains historically tight, with employers competing for a limited pool of labor and bidding up wages despite an uncertain economic outlook,” the report […]

Dec 8, 2022

Talent Management

Managing Redundancy in Organizations: The HR Way

The year 2022 and that too especially the second half of it has witnessed a series of employee terminations in tech industries from smaller firms to MNCs with as many as 11,833 startup employees in India losing their employment across industries. As per reports, after a CEO of a recently acquired US-based social media company communicated […]

Dec 7, 2022

Layoffs

Amazon is on the urge of the biggest layoff including top executives

Amazon is on the urge of the biggest layoff including top executives in the company since it was founded. Expected to slash 20,000 employees from the workforce. Entering 2023 within a few days might not be as fun for Amazon employees and tech employees across the industry as organizations are making adjustments through layoffs as […]

Dec 6, 2022

Layoffs

OYO is in the process of laying off employees

The tech-based Indian multinational Oyo Hotels and Homes Pvt. Ltd has announced a huge business restructuring leading to 600 job cut reducing 10% of its employee base. In a statement, Oyo said the firm is undergoing a transformational process to align its business more competitively. The statement by Oyo Chief Executive Office Ritesh Agarwal also […]

Dec 5, 2022

Layoffs

Hiring platform Hirect sacked 40% of the workforce

A leading job portal in India, Hirect has sacked nearly 200 people which is 40 percent of the total workforce. Hirect laid off these employees due to organizational restructuring and a strategic change in its business model. The company has become a victim of the slowdown in new hiring. The Co-founder and CEO of Hirect Raj […]

Nov 29, 2022

Layoffs

US firm laid off nearly 2,700 people when they were ‘asleep’

A leader in the furniture industry and one of the largest furniture producers in the United States, United Furniture Industries has laid off approximately 2,700 workers. Most of the sacked employees from the company live in northeast Mississippi. The laid-offs came just days before the Thanksgiving holiday. However, The company sent a memo via email and […]

Nov 28, 2022

Economic Slowdown

How to prepare for layoffs?

The current global economic environment is gloomy. Wherever you look the conversations are centred around slowing growth, recession, high inflation, unemployment, and most importantly large-scale layoffs. These things are not new. Businesses go through economic cycles and there are cycles when going gets tough for them. When the going gets tough, well- run businesses are […]

Nov 28, 2022

Layoffs

Railways fired one ‘non-performer or corrupt official’ every 03 days

According to PTI, the Railways has weeded out one “non-performer or corrupt official” every three days in the past 16 months, officials said. Two senior-grade officers were sacked on Wednesday, sources said. Around 139 officials from the Indian Railways have been asked for Voluntary Retirement Scheme (VRS). The Indian Railway has agreed on a salary […]

Nov 26, 2022

Industry

Amazon tells labour ministry: No one was fired, resignations were voluntary

E-commerce giant Amazon which was summoned by labour ministry to appear on Tuesday said that the company has not fired any employee, and resignations were voluntary who opted for its separation program on their own by accepting a severance package. Amazon representatives appeared before the deputy chief labour commissioner of the union labour ministry in Bengaluru on […]

Nov 25, 2022