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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
Tesla Begins Staff Layoff Employees Confirm on Linkedin
Industry

Tesla Begins Staff Layoff Employees Confirm on Linkedin

Jun 17, 2022

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

Rupeek lays off employees due to cost cuts

Bengaluru-based gold loan provider Rupeek has laid off around employees from its workforce acros...

Industry
Jun 8, 2022
Rupeek lays off employees due to cost cuts

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 la...

Industry
Jun 2, 2022
Info Edge-backed startup Udayy shuts down, lays off all employees
Indiabulls social commerce app Yaari layoffs 60% of staff
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
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 […]

May 31, 2022
Cars24 lays off 600 employees on basis of ‘poor performance’
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
Dept proceedings necessary even for termination of temp employee: HC
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
Edtech firm Vedantu lays off 424 employees
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
Twitter CEO says two leaders to depart, hiring paused amid Musk takeover
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
Henkel is slashing 2,000 jobs due to rising costs and low demand
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
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 […]

Apr 28, 2022
Musk acquired Twitter: employees fear layoffs and future
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
Thousands of layoffs are planned as part of Novartis restructuring
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
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 […]

Apr 13, 2022
BharatPe sacks Ashneer Grover’s wife Madhuri Jain
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