Latest termination HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on termination.
According to various media reports, The IT major, Googles advancement in artificial intellige...
As per ET report, an Indian multinational financial technology company, Paytm will sack over em...
Game publisher, Versus Evil has announced that the company will shut down leading to the layoff of t...
In 2023 the companies have either seen layoffs or hiring slowdown in IT and Tech Industries due to slow global economic growth caused by higher interest rates, and rising inflation. Moreover, Generative AI was a topic of discussion when companies including Google and Microsoft introduced Bard and Chatgpt respectively. Recently, Arjun Singh, Chief Human Resources Officer, […]
According to various media reports, an American multinational corporation and technology company, Intel is laying off 235 employees. The company spokesperson said, “Intel is working to accelerate its strategy while reducing costs through multiple initiatives, including some business and function-specific workplace reductions across the company.” Currently, in California Intel has 13,000 employees. As per reports, […]
A B2B trade platform, designed specifically for small & medium businesses in India, Udaan to lay off 100-150 employees. These are roughly 10% of the startup’s entire workforce. According to Moneycontrol report, the development comes just days after it had raised $340 million in a series E funding round led by M&G Plc, The employees from peons to […]
Amid the Generative AI debut multinational professional services network and one of the Big Four accounting firms, Deloitte is now turning to AI to avoid Mass Layoffs in the Future. The company has now explored the use of generative artificial intelligence to automate repetitive and time-consuming tasks previously handled by junior staff members. The company […]
As COVID-19 almost ended, there has been another challenging situation of macroeconomic conditions which slowed down the business and a modest decline in growth. In 2023, lots of companies especially Tech/IT and Edtech firms intended to cut jobs and announced layoffs, deferred salary hikes, and also ended work from home. At the end of year […]
Buy now pay later (BNPL) firm ZestMoney will be shutting down its operations this month and will lay off the remaining 130 employees. The layoff will affect the 130 employees. However, the company will retain a skeletal legal and finance team to see through the shutdown. The move of layoff came after ZestMoney’s founders resigned in […]
According to inc42, The world’s leading digital skills provider, enabling learners across the globe, Simplilearn laid off 200 employees due to poor performance. The layoffs at Simplilearn have impacted employees from the sales, marketing, and operation teams. However, layoffs have been sudden. While speaking with inc42 an employee said, “These layoffs were unexpected. Although […]
The world’s most popular audio streaming company, Spotify has reduced 17% of the workforce in its third round of layoffs in 2023. In a note on Monday, CEO Daniel Ek shared the following message about the company’s organizational changes with all Spotify employees. Team, Over the last two years, we’ve put significant emphasis on building Spotify into […]
In such a challenge when companies are laying off employees, and freezing the hiring, it is important to find ways to Future Your Career. Vikas Dua, Head of People, Weber Shandwick has shared the 5 effective ways to Future Your Career on LinkedIn. Here are 5 ways you can go about this – Vikas Dua […]
An Indian multinational technology company that provides engineering research and development services, L&T Technology has sacked 200 employees. According to TOI, the company spokesperson said, “We conduct annual performance reviews as a standard process to assess the capabilities of our workforce every year and act appropriately based on skill sets and performance.” “This is essential […]
Recently, An American artificial intelligence research organization, OpenAI sacked CEO Sam Altman. The company said, “Mr. Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities.” However, Microsoft CEO Satya Nadella appointed the former OpenAI CEO […]
Indian EdTech Firm, PhysicsWallah (PW) has sacked nearly 120 employees due to a performance review. Satish Khengre, Chief Human Resources Officer at PhysicsWallah said, “At PW, we regularly assess performance through mid-term and end-term cycles.” “For the cycle ending in October, less than 0.8 percent of our workforce, ranging from 70 to 120 individuals with […]
