termination: HR News, Trends & Workplace Insights

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Updated on: Jul 2022

Layoffs

Argo AI lays off about employees nearly of the Workforce

Jul 10, 2022

Ola may lay off upto employees in order to drive cost-efficiency

Indias largest mobility platform and one of the worlds largest ride-hailing companies, Ola may lay...

Industry

Jul 6, 2022

Ola may lay off upto employees in order to drive cost-efficiency

Celsius crypto lending platform lays off employees

Cryptocurrency lending platform, Celsius has laid off employees which are of its workforce. ...

Layoffs

Jul 5, 2022

Celsius crypto lending platform lays off employees

Telecom gear firm Parallel Wireless lays off , including in India

Telecom equipment supplier Parallel Wireless has laid off at least employees in India, Israel, U...

Layoffs

Jul 2, 2022

Telecom gear firm Parallel Wireless lays off , including in India

Industry

Tesla to cut 200 jobs and closing office in San Mateo, California

According to the US media reports, Electric vehicle maker, Tesla is closing its office in San Mateo, California. Estimated job cuts are nearly 200 as part of a broader cost-cutting effort. The employees involved reportedly worked on the analysis of data from the vehicles’ autopilot driver assistance system. Tesla CEO Elon Musk said in an interview that Tesla’s new […]

Jun 30, 2022

Layoffs

EdTech company WhiteHat Jr lays off 300 staff

WhiteHat Jr, an Indian online educational technology company has laid off 300 employees due to cost cuts. This is the latest company among the startups globally to lay off its workforce due to the market downturn. This comes at the back of mass layoffs, restructuring, and shutdowns in the Edtech sector. The employees from the sales and […]

Jun 29, 2022

Layoffs

Udaan lays off 180-200 staff nearly 5% of its workforce to cut costs

Business-to-business (B2B) e-commerce startup Udaan has laid off 5 percent of its workforce, or 180-200 employees. The company has termed the layoff as “unusual” and called it an “efficiency enhancement exercise”. Udaan said the layoffs have happened across various department functions. The company had an employee strength of around 4,000 before the layoffs. The company added that […]

Jun 28, 2022

Layoffs

Netflix lays off 300 employees in cost-cutting drive

The world’s leading streaming entertainment service, Netflix has laid off 300 employees which is about 4% of its workforce. Netflix in the second round of job cuts aimed at lowering costs after the streaming giant lost subscribers. Earlier, the company had laid off 150 workers due to slowing revenue growth. Netflix lays off 300 employees in […]

Jun 24, 2022

Layoffs

Tesla lays off head of LGBTQ+, diversity lead

Amid CEO Elon Musk’s “woke mind virus” concerns, Electric vehicle company, Tesla has laid off both the President and a Lead involved in diversity and inclusivity programs at the company of its LGBTQ+ community. While they were let go as part of a broader wave of layoffs, it comes amid several comments CEO Elon Musk […]

Jun 24, 2022

Labour Law

Tesla Sued By Former Employees Over ‘Mass Layoff’

Two former Tesla employees have filed a lawsuit against the electric vehicle giant. The employees were laid off from the Nevada Gigafactory. The lawsuit alleges the company’s decision to lay off more than 500 workers during May and June. Further, it stated that the employees laid off without due notice constitutes a breach of the workers’ rights. […]

Jun 21, 2022

Layoffs

Social commerce Citymall lays off 191 employees

The Gurugram-based Social commerce CityMall is slashing 191 jobs as it looks to better navigate the sharp reversal in the markets. The layoff impacts at least 30% of the three-year-old startup’s workforce. The startup said two months ago that it had over 500 employees. The Company said on Layoffs, “191 of our employees will be parting […]

Jun 20, 2022

Layoffs

Unacademy lays off 150 employees from its PrepLadder team

The Edtech platform, Unacademy has recently fired a small fraction of its workforce which is 150 employees (2.6% of the workforce). The workforce has been asked to leave as part of a performance improvement programme (PIP). These layoffs currently affected the PrepLadder team that is based out of Chandigarh. This is the company’s second round […]

Jun 20, 2022

Labour Law

TCS laid-off Chennai techie gets justice after 7 yrs

According to media reports, a Tata Consultancy Services (TCS) employee Thirumalai Selvan, an IT engineer, was terminated in 2015 after over eight years of service with the organization. After a legal battle for seven years, the labour court in Chennai has finally ruled in favor of the employee and has directed TCS to reinstate the […]

Jun 18, 2022

Industry

Tesla Begins 10% Staff Layoff; Employees Confirm on Linkedin

Elon Musk, CEO of electric vehicle maker Tesla has called for the layoff of 10 percent of the company’s white-collar workforce in an internal company email on June 3. Tesla employees are sharing their pain on social media and said that the layoffs appear to have started last week and have accelerated since then. It […]

Jun 17, 2022

Industry

Crypto exchange company Coinbase to cut nearly 1100 jobs

Cryptocurrency exchange company Coinbase Global Inc has announced that it will slash nearly 18% of its workforce which is about 1,100 jobs. This move has come as a result of reining costs amid volatile cryptocurrency market conditions. The company earlier informed this month that it would extend its hiring freeze for the future and cancel several […]

Jun 16, 2022

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