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: Nov 2023

Layoffs

Over Lakhs employees lost Jobs in

Nov 13, 2023

Layoffs Gaming company, Unity plans to layoff employees

The worlds leading gaming platform, Unity is planning to layoff employees as part of cost-saving me...

Layoffs

Nov 11, 2023

Amazon has begun layoffs in its Music division

According to Reuters, Amazon has begun cutting jobs in its Music division, the company said on Wedne...

Layoffs

Nov 9, 2023

Citigroup plans to lay off of its workforce

An American multinational investment bank and financial services corporation, Citigroup has planned ...

Layoffs

Nov 8, 2023

Citigroup plans to lay off of its workforce

Layoffs

Electrolux is expected to layoff 3,000 positions

Electrolux Group is expected to layoff approximately 3,000 positions, resulting in a restructuring charge in the fourth quarter of 2023 of SEK 2-2.5bn, which will be reported as a non-recurring item. The impact is due to weak market demand with consumers mixing down to lower price points has been accompanied by increasing price pressure in […]

Oct 28, 2023

Layoffs

Volkswagen plans to sack 2,000 jobs

Volkswagen is planning to cut 2,000 jobs at its troubled software unit Cariad as part of a restructuring plan. The move of layoffs is part of a larger trend as companies cutting jobs and slowing hiring as investors become increasingly fearful of a recession. Tech companies have either frozen the hiring process or laid off many […]

Oct 28, 2023

Layoffs

Google to sack employees from its news division

An American multinational technology company, Google to sack employees from its news division. “We’re deeply committed to a vibrant information ecosystem, and news is a part of that long-term investment,” the spokesperson said. “We’ve made some internal changes to streamline our organization. A small number of employees were impacted”, the spokesperson added. “We’re supporting everyone with […]

Oct 19, 2023

Layoffs

Nokia to slash 14,000 jobs to save costs

According to Reuters, Finnish multinational telecommunications, information technology, and consumer electronics corporation, Nokia is planning to slash 14,000 jobs to save costs. The layoffs are about 16% job cuts at the high end. The report also stated that Nokia expects to reduce its employee base to between 72,000 and 77,000 employees, from 86,000. The Q3 […]

Oct 19, 2023

Layoffs

After LinkedIn, KPMG lays off about 6% of deal advisory staff in UK

As reported by Business Today, A multinational professional services network, and one of the Big Four accounting organizations, KPMG is planning to sack nearly 100 jobs in its deal advisory business in the UK. The layoffs at the organization are expected to impact around 6 percent of the 1,700 KPMG deal advisory team in the UK. […]

Oct 18, 2023

Layoffs

LinkedIn lays off 668 roles: Read Email Sent to Employees

Microsoft-owned LinkedIn announced to sacking of 668 employees across the engineering, product, talent, and finance teams. The company said, “Talent changes are a difficult, but necessary and regular part of managing our business. The changes we shared with our team today will result in a reduction of approximately 668 roles across our engineering, product, talent, and […]

Oct 17, 2023

Layoffs

Bizongo to lay off 15% of its employees

The AI-powered vendor digitization and embedded financing platform company, Bizongo is to lay off 15% of its employees or 50 employees. A Bizongo spokesperson said, “We are driving sharper focus towards key business goals and in lieu of this, we have reallocated our people.” “Parting ways with people is never easy and these are difficult […]

Oct 9, 2023

Layoffs

Companies Layoffs in 2023, How Affected HR Recruitment Teams

So far in 2023, there have been 1,618 layoffs at tech companies with 361,343 people impacted (1,304 people per day). In 2022, there were 1,557 layoffs at tech companies and 243,318 people impacted (667 people per day). During these layoffs, companies have also sacked the HR recruitment teams. The move of layoffs is part of a larger trend of tech companies cutting jobs and slowing hiring […]

Oct 4, 2023

Work Model

An employee gets 37 Lakhs after being sacked for Menopause

Karen Farquharson worked at the engineering firm Thistle Marine a female employee from Scotland has been rewarded with over 37,000 pounds (approximately Rs. 37,15,281) in compensation. Karen Farquharson the employee had quit her job after her boss said that she uses menopause as an “excuse for everything.” She had sued the company for unfair dismissal and harassment. […]

Oct 3, 2023

Layoffs

Foodpanda cuts staff in Asia-Pacific amid potential partial sale

A subsidiary of Delivery Hero, Foodpanda has planned to cut staff in Asia-Pacific amid a potential partial sale. The company has not disclosed the exact number of layoffs and departments that have been impacted by the job cuts. According to CNBC, Jakob Sebastian Angele, APAC CEO of Foodpanda, said on Thursday in a letter shared with […]

Sep 25, 2023

Compensation

Byju’s defers to pay laid-off employees full & final settlements

Earlier in June, An Indian multinational educational technology company, Byju’s had laid off over 1,000 employees across various departments, including mentoring, logistics, training, sales, post-sales, and finance. According to Money Control report, Edtech Major said in a mail to the laid-off employees, “This is to inform you that the full and final settlement amount will be […]

Sep 19, 2023

Layoffs

FedEx announces layoff, Citigroup prepares for job cuts

According to reports, An American multinational conglomerate holding company FedEx will sack a few employees in the IT and finance departments. These layoffs will be part of a realignment and streamlining exercise. Earlier, in February the company FedEx Corp laid off more than 10 percent of its global management staffers as the delivery company faced […]

Sep 15, 2023