Latest downsizing HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on downsizing.
Recently, An American artificial intelligence research organization, OpenAI sacked CEO Sam Altman.n...
Indian EdTech Firm, PhysicsWallah PW has sacked nearly employees due to a performance review. ...
As per Reuters, an Indian multinational steel-making company, Tata Steel has sacked employees in...
The year 2023 has been a year of layoffs. Some companies have skipped or rethinking on-campus hiring. However, Over 4 Lakhs employees lost Jobs in 2023. So far in 2023, there have been 1,822 layoffs at tech companies with 402,567 people impacted (1,270 people per day). In 2022, there were 1,557 layoffs at tech companies and 243,318 people impacted (667 people per day). Layoff Months in 2023 […]
The world’s leading gaming platform, Unity is planning to layoff employees as part of cost-saving measures. However, the exact number of layoffs at Unity is still unknown. In its Q3 earnings report, the company said that it is assessing its product portfolio “to focus on those products that are most valuable to our customers” and is […]
An American multinational investment bank and financial services corporation, Citigroup has planned to lay off 10% of its workforce. According to the reports of CNBC, the managers and consultants working on Fraser’s reorganization — known internally by its code name, “Project Bora Bora” might be affected by the layoffs. The employees affected by the layoffs […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
The year 2023 has been a year of layoffs there have been 1,489 layoffs at tech companies with 341,544 people impacted (1,383 people per day). The move of layoffs is part of a larger trend of tech companies cutting jobs and slowing hiring as investors become increasingly fearful of a recession. Tech companies have either frozen the hiring process or […]
