Lays off: HR News, Trends & Workplace Insights

Latest Lays off HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Lays off.

Updated on: Mar 2023
No Layoffs at TCS, instead will like to hire impacted people
Industry

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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IT Companies find new ways to spot fraud in video interviews
Industry

IT Companies find new ways to spot fraud in video interviews

India’s top two IT Companies Cognizant India & Accenture in India laid off a few of their employees due to Failed Background Checks in 2022. Cognizant India reported 6 percent involuntary attrition in the September ending quarter of FY22, which also includes the sacking of employees due to failed background checks. Accenture in India also fired a few […]

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Woman sacked for being pregnant awarded Rs 15 Lakh compensation
Compensation

Woman sacked for being pregnant awarded Rs 15 Lakh compensation

During the period of pregnancy, many female employees lose their jobs. As per the recent Telegraph report, a 34-year-old woman, Charlotte Leitch had only recently joined Essex-based CIS services firm but only a couple of weeks later her employer fired her. She won compensation of nearly Rs. 15 lahks after she was fired for “being […]

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65% Job seekers are depressed over Layoffs, unable to give 100%
Survey & Report

65% Job seekers are depressed over Layoffs, unable to give 100%

The current year has been the year of layoffs. As per the media reports, nearly 1 lakh employees lost their jobs in 2022. According to a survey by Indeed, about 65 percent of job seekers (more than 6 in 10) in India feel that the ongoing layoffs may hinder their willingness to go the extra […]

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Fired by error, Twitter asks some laid-off workers to come back
Industry

Fired by error, Twitter asks some laid-off workers to come back

The microblogging and social networking service, Twitter has sacked close to 3,700 people. Some of those who were laid off have been asked to return as they were fired by error. Others were let go before management realized that their work and experience may be necessary to build the new features Elon Musk envisions, the people […]

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Twitter employee sleeping on office floor; Musk to cut 50% of jobs
Layoffs

Twitter employee sleeping on office floor; Musk to cut 50% of jobs

A Viral picture shared by a Twitter employee shows his manager sleeping on the office floor at Twitter’s San Francisco headquarters. The photo was taken after Elon Musk purchased Twitter. It was reported that the microblogging company, Twitter told its staff that the company has set tasks so that it can be seen who works hard in […]

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An employee can be terminated for suppressing: Supreme Court
Labour Law

An employee can be terminated for suppressing: Supreme Court

The Supreme Court Monday said that an employee can be terminated from the service for suppressing or giving false information concerning matters having a bearing on his fitness or suitability for the post. The top court laid down broad principles of law to be taken into account especially in the case of recruitment in police […]

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MPL and Front Row lay off 100 and 145 employees respectively
Industry

MPL and Front Row lay off 100 and 145 employees respectively

A major real-money stakes-based gaming operator, Mobile Premier League (MPL) has laid off 100 employees, or 10% of the workforce. The company has claimed that it has over 9 crore users on its platform and offers more than 60 online games such as Fantasy Cricket, Rummy, and Speed Chess with real cash prizes in paid […]

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Healthtech startup MFine laid off over 500 people due to funding crunch
Industry

Healthtech startup MFine laid off over 500 people due to funding crunch

The Bengaluru-based, healthtech startup, MFine has laid off 500 employees as the startup struggles to raise funds. According to media reports, the job cut accounts for about half the workforce. The company was hiring employees until last month and has about 1,000 employees. It laid-off employees across data science, engineering, and product departments. Employees were […]

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Robinhood to lay off 9% of full-time employees
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 […]

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Meesho lays off 150 employees from the grocery business
Jobs

Meesho lays off 150 employees from the grocery business

According to an ET report, e-commerce startup Meesho has laid off 150 people from its grocery business. The positions were axed after the company restructured and rebranded as Meesho Superstore from Farmiso earlier. Last week of this month, the company announced its plans to merge the grocery business with the main app, leading the talks of restructuring […]

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Unacademy lays off 600 employees as part of a cost-cutting measure
Industry

Unacademy lays off 600 employees as part of a cost-cutting measure

Edtech unicorn Unacademy, which recently launched an experience centre- Unacademy Store, has laid off nearly 600 employees, almost 10% of its workforce. The SoftBank-backed start-up employs over 6,000 people, and this firing is said to be a cost-cutting measure. Sources familiar with the development said nearly half of the employees fired were educators, and they were […]

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