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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: Mar 2024
Air India terminates employment for over non-flying employees
Layoffs

Air India terminates employment for over non-flying employees

Mar 18, 2024

Paytm anticipates reduction in its workforce

As per the reports of Money Control, one of Indias largest digital payment apps,nbspPaytm e...

Layoffs
Mar 16, 2024
Paytm anticipates reduction in its workforce

Shell to reduce Deals Team workforce by for cost-saving

An international energy company, Shell intends to trim its Deals Team workforce by at least as p...

Layoffs
Mar 15, 2024
Shell to reduce Deals Team workforce by for cost-saving

YouTube Music contract staff sacked without notice

As the contract between Cognizant and Google came to an end, YouTube Music employees who were subcon...

Layoffs
Mar 4, 2024
YouTube Music contract staff sacked without notice
Dating App Bumble To Lay Off 350 Employees
Layoffs

Dating App Bumble To Lay Off 350 Employees

The popular Dating App Bumble to sack employees as the company intends to reduce its global workforce by approximately 350 roles to better align its operating model with future strategic priorities and to drive stronger operating leverage. The popular Dating App Bumble expects to incur approximately $20 million to $25 million of non-recurring charges, consisting […]

Feb 29, 2024
Sony PlayStation division to cut 900 jobs: Read CEO Message
Layoffs

Sony PlayStation division to cut 900 jobs: Read CEO Message

PlayStation maker Sony Interactive Entertainment will lay off overall headcount globally by 8% or about 900 people, subject to local law and consultation processes. The employees across the globe, including the studios are impacted. Jim Ryan, President & CEO, Sony Interactive Entertainment, said, “Through discussions over the past few months about the evolving economic landscape, […]

Feb 28, 2024
Expedia to cut 1,500 jobs; Bosch Group & Cisco sack employees
Layoffs

Expedia to cut 1,500 jobs; Bosch Group & Cisco sack employees

Expedia, the online travel platform, would be reducing its global workforce by approximately 1,500 employees, which constitutes about 9% of its total staff. This decision is part of the company’s efforts to undergo an “organizational and technological transformation.” An Expedia Group spokesperson said, “This year we will be reviewing our operations which we expect will […]

Feb 27, 2024
Job cuts are expected to continue in tech companies
Layoffs

Job cuts are expected to continue in tech companies

After two years of massive layoffs in IT and Tech companies, job cuts yet continue and are expected to carry on further in 2024. In the dynamic world of technology, where innovation is constant and rapid, businesses are continuously adapting to stay competitive. Unfortunately, this adaptability often comes at the expense of job stability. As […]

Feb 24, 2024
SpiceJet to sack nearly 1400 employees to save costs
Layoffs

SpiceJet to sack nearly 1400 employees to save costs

According to the reports of the ET, An Indian low-cost airline, SpiceJet will sack nearly 1400 employees to save costs. However, according to company statements, “There aren’t any funding delays and we are progressing well with our fund infusion and have already made our public announcements accordingly,” the spokesperson said. “We will be making additional […]

Feb 12, 2024
Techie got sacked, expressing concerns about potential recession
Layoffs

Techie got sacked, expressing concerns about potential recession

Like 2023, 2024 started on a layoff note. The leading tech giants have sacked many employees. This year in January month itself, nearly 176 layoffs were reported by tech companies, and 38,003 people were laid off @1,267 people per day. In 2023, most of the layoffs were because of overhiring in the Pandemic and tech companies were right-sizing […]

Feb 9, 2024
Grammarly to layoff 230 employees as a part of the restructuring
Layoffs

Grammarly to layoff 230 employees as a part of the restructuring

An AI-based writing assistant, Grammarly to layoff nearly 230 employees as a part of Restructure Business to Align With Company Strategy and Accelerate Growth. Grammarly has spent the last 15 years building and improving AI-powered writing assistance for millions worldwide. Over the past five years, the company team has grown from 200 to 1,000 team members […]

Feb 9, 2024
Snap to sack 10% of the workforce in a fresh round of layoffs
Layoffs

Snap to sack 10% of the workforce in a fresh round of layoffs

An American multimedia instant messaging app, Snap said that the company will sack 10% of its global workforce which is nearly 500 employees. Snap had some 5,367 full-time employees as of October 2023. In August 2022, The company laid off 20% of its employees. As per the reports of the CNN Snap spokesperson said, “The cuts were done […]

Feb 6, 2024
Deutsche Bank is planning to reduce nearly 3,500 jobs
Layoffs

Deutsche Bank is planning to reduce nearly 3,500 jobs

One of the world’s leading financial services providers, Deutsche Bank plans to reduce approximately 3,500 jobs, mainly in non-client-facing areas. The layoffs are nearly under 4% of its global workforce of about 90,000. The bank has set a goal for a quarterly run-rate of adjusted costs of € 5 billion and aims to operate with total […]

Feb 2, 2024
PayPal to sack 2500 employees: Read CEO’s Letter on Job Cuts
Layoffs

PayPal to sack 2500 employees: Read CEO’s Letter on Job Cuts

An American multinational financial technology company, PayPal has announced to sack 9% of its workforce, eliminating 2,500 jobs from its global offices. These job cuts will be carried out throughout the year with existing roles and job listings that Fintech major had planned to hire this year. The affected employees will receive a notice by […]

Jan 31, 2024
Wipro to sack hundreds of mid-level employees to improve margins
Industry

Wipro to sack hundreds of mid-level employees to improve margins

As per the reports of the ET, India’s IT services provider company, Wipro to sack hundreds of mid-level employees to improve margins Wipro currently maintains the lowest profit margins among the top four IT services companies listed in India. Below is the comparative Net Profit in crore Company Q1FY24 Q2FY24 Q3FY24 TCS 11,074 11,342 11,058 […]

Jan 31, 2024
In January over 38000 people were laid off… Gen AI Impact starts
Layoffs

In January over 38000 people were laid off… Gen AI Impact starts

So far in 2024, there have been 176 layoffs at tech companies with 38,003 people being laid off (1,267 people per day). In 2023, there were 1,996 layoffs at tech companies with 428,384 people impacted (1,174 people per day). In 2023, most of the layoffs were because of overhiring in the Pandemic and tech companies were right-sizing the headcounts, and some microeconomic situations. And, in early […]

Jan 30, 2024