termination: HR News, Trends & Workplace Insights

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

Updated on: Jun 2022

Industry

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

Jun 2, 2022

Indiabulls social commerce app Yaari layoffs of staff

Indiabulls owned social commerce application, Yaari has laid off employees which is nearly o...

Industry

Jun 1, 2022

Indiabulls social commerce app Yaari layoffs of staff

MPL and Front Row lay off and employees respectively

A major real-money stakes-based gaming operator, Mobile Premier League MPL has laid off employ...

Industry

May 31, 2022

MPL and Front Row lay off and employees respectively

Cars lays off employees on basis of poor performance

The pre-owned e-commerce platform,nbspCARSnbsphas announced that the company is laying off aro...

Industry

May 20, 2022

Cars lays off employees on basis of poor performance

Labour Law

Dept proceedings necessary even for termination of temp employee: HC

The Madras High Court has recently observed that the employer should follow the procedures of departmental proceedings even for the termination of a Temporary employee. Conducting a disciplinary enquiry can help the employer, in the framing charge that is relevant or not against the employee. Thereafter deciding the issue are concerning for the temporary employees. […]

May 19, 2022

Industry

Edtech firm Vedantu lays off 424 employees

Edtech firm Vedantu CEO Vamsi Krishna said in an email to employees that the company has laid off 424 people. That is about 7 per cent of its total workforce of 5,900 employees. While saying that a decision like this was extremely difficult to take, he added that it is “days like these that are […]

May 18, 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

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

Industry

Thousands of layoffs are planned as part of Novartis restructuring

Novartis AG has confirmed that it would cut jobs as part of a wide-ranging restructuring aimed at saving $1 billion by 2024. The Swiss healthcare company said that it would integrate its pharmaceuticals and oncology units into two medicines units–one for the U.S. and one that focuses on the international market. “These efficiencies will come […]

Apr 13, 2022

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 […]

Apr 13, 2022

C-Suite Move

BharatPe sacks Ashneer Grover’s wife Madhuri Jain

In a first big jolt to Ashneer Grover, BharatPe has terminated the services of his wife Madhuri Jain Grover, head of controls at the fintech platform, for alleged financial irregularities during her tenure. Sources on Wednesday confirmed to IANS that Madhuri Jain’s contract was terminated as the probe has found misappropriation of funds during her […]

Feb 23, 2022

Industry

Better.com CEO fires 900 employees over Zoom

According to a CNN report, Better.com CEO Vishal Garg announced the mortgage company is laying off about 9% of its workforce on a Zoom webinar abruptly informing the more than 900 employees on the call they were being terminated just before the holidays. “If you’re on this call, you are part of the unlucky group […]

Dec 7, 2021

Industry

Volkswagen CEO tells staff there are no plans to cut 30,000 jobs

Volkswagen has no plans to cut 30,000 jobs, CEO Herbert Diess told staff in an internal video message, hoping to fix his damaged relationship with the carmaker’s works council that deteriorated further in recent weeks. Diess said he was in talks with labour representatives on how the company’s Wolfsburg site, which the 63-year-old says lags […]

Nov 10, 2021

Jobs

Nokia to cut up to 10,000 jobs in two years

Nokia to cut up to 10,000 jobs in two years Finnish telecoms equipment maker Nokia announced on Tuesday it will slash up to 11 percent of its workforce within two years, as part of a 600-million-euro ($715-million) cost-cutting programme. Announcing the wide-ranging restructuring led by new chief executive Pekka Lundmark, Nokia said that market developments in the next […]

Mar 16, 2021