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: Jun 2022

Layoffs

Unacademy lays off employees from its PrepLadder team

Jun 20, 2022

Tesla Begins Staff Layoff Employees Confirm on Linkedin

Elon Musk, CEO of electric vehicle maker Tesla has called for the layoff of percent of the compan...

Industry

Jun 17, 2022

Tesla Begins Staff Layoff Employees Confirm on Linkedin

Crypto exchange company Coinbase to cut nearly jobs

Cryptocurrency exchange company Coinbase Global Inc has announced that it will slash nearly of i...

Industry

Jun 16, 2022

Crypto exchange company Coinbase to cut nearly jobs

SaaS firm, FarEye lays off employees at the time of appraisal

FarEye, the Software-as-a-service SaaS provider has laid off around employees at the time of t...

Industry

Jun 13, 2022

SaaS firm, FarEye lays off employees at the time of appraisal

Industry

Rupeek lays off 200 employees due to cost cuts

Bengaluru-based gold loan provider Rupeek has laid off around 200 employees from its workforce across multiple teams. The company has laid off nearly 10-15% of its workforce. The reason behind the layoffs is tough macro conditions and a funding crunch. The company’s founder and CEO Sumit Maniyar told employees about the decision through an email. […]

Jun 8, 2022

Industry

Elon Musk opens door to a Tesla talent exodus

Elon Musk needs to cut one in ten jobs at Tesla. Some may already have their eye on the exit. The Tesla chief executive’s intentions, conveyed in an internal email seen by Reuters, are rooted in what he described as his “super bad feeling” about the U.S. economy. Some of the nearly 100,000 people employed […]

Jun 6, 2022

Industry

Musk feels ‘super bad’ about economy, needs to cut 10% of Tesla jobs

Tesla CEO Elon Musk has a “super bad feeling” about the economy and needs to cut about 10% of jobs at the electric carmaker, he said in an email to executives seen by Reuters. The message, sent on Thursday and titled “pause all hiring worldwide”, came two days after the billionaire told staff to return to […]

Jun 6, 2022

Industry

Twitter enters restructuring mode, focuses on user growth

As Twitter pauses hiring, the micro-blogging platform is reportedly shifting employees away from audio Spaces, Communities and newsletters verticals for areas that “will have the greatest positive impact to the public conversation”. The restructuring is happening under Jay Sullivan, the new head of product and interim head of revenue, reports Bloomberg. Twitter CEO Parag Agrawal last month fired […]

Jun 3, 2022

Industry

Info Edge-backed startup Udayy shuts down, lays off all employees

Info Edge-backed Edtech startup, Udayy has reported shutting down. This has caused the startup in laying off all its hundred employees. The co-founder of Udayy Saumya Yadav said, “This comes on the back of kids moving back to schools in the post-pandemic world.” “Udayy was witnessing the post-pandemic world for the first time. As the kids […]

Jun 2, 2022

Industry

Indiabulls social commerce app Yaari layoffs 60% of staff

Indiabulls owned social commerce application, Yaari has laid off 150 employees which is nearly 60% of its total workforce. According to sources, the company has decided to merge it with another Indiabulls company Dhani Services. The layoffs reportedly happened in the supply support, customer support, business development, and marketing verticals. The company did not extend […]

Jun 1, 2022

Industry

Cars24 lays off 600 employees on basis of ‘poor performance’

The pre-owned e-commerce platform, CARS24 has announced that the company is laying off around 600 employees due to poor performance. CARS24 has a nearly 9,000-strong workforce. The six-year-old used-car marketplace has let go of about six percent of its team. The termination not owing to any “cost cuts“. The company calls it “business as usual.” The company […]

May 20, 2022

Industry

Twitter CEO says two leaders to depart, hiring paused amid Musk takeover

Two senior Twitter leaders who oversee the consumer and revenue divisions will depart the social media company, Chief Executive Officer Parag Agrawal told employees in a memo on Thursday. In one of many greatest shake-ups on the firm since billionaire Elon Musk introduced he would purchase it for $44 billion. Whereas no layoffs are planned, […]

May 13, 2022

Industry

Henkel is slashing 2,000 jobs due to rising costs and low demand

Germany’s Henkel is slashing 2,000 jobs in response to rising costs and low demand for its shampoos and hair sprays and aims to make 500 million euros ($530 million) in gross savings in the medium-term from the merger of its cosmetics and detergents units. The job cut and savings targets, announced on Thursday, illustrate the […]

May 7, 2022

Industry

All units of TS Textile Park shut, nearly 1000 people to lose jobs

The owners of these units have faced a heavy financial crunch so they had to close the units shut shop total of the 117-odd units, around 50 units were closed earlier and the remaining were shut on Sunday. With the closure of all the units, the Sircilla Textile Park wore a deserted look. The worst fears […]

May 3, 2022

Industry

Robinhood to lay off 9% of full-time employees

The U.S. financial services company Robinhood Markets Inc. declared that it would be laying off about 9% of its full-time employees by removing the duplicate jobs it had added when the company saw excitable growth during the COVID-19 pandemic in 2020. Robinhood CEO Vlad Tenev announced on Tuesday that the financial services company would lay off about 9% of its […]

Apr 28, 2022

Industry

Musk acquired Twitter: employees fear layoffs and future

Elon Musk takes over Twitter, one of the most popular social media platforms in the world, for a whopping $44-billion cash deal. The 16-year-old company will be a private entity and wholly owned by the celebrity CEO of Tesla after the deal is complete. Twitter Inc. employees reacted on the takeover with a mix of enthusiasm, fear, […]

Apr 27, 2022