Jobs Cut: HR News, Trends & Workplace Insights

Latest Jobs Cut HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Jobs Cut.

Updated on: Jul 2020
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GoDaddy announced restructuring, impact 814 employees
Coronavirus

GoDaddy announced restructuring, impact 814 employees

GoDaddy announced restructuring plan, says to impact 814 employees Web hosting company GoDaddy Inc on Wednesday announced a restructuring plan that will affect about 12% of its total workforce, or about 814 employees, due to the fallout from the coronavirus crisis. The world’s largest domain registrar said the employees will either be let go or […]

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HSBC to reignite its prior plan for a massive 35,000 job cut
Jobs

HSBC to reignite its prior plan for a massive 35,000 job cut

HSBC to reignite its prior plan for a massive 35,000 job cut which it had put on hold after the coronavirus outbreak On 17 June, Wednesday, HSBC, international bank, announced it will reignite its prior plan for a massive 35,000 job cut, which it had put on hold after the coronavirus outbreak. The layoffs were […]

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Volvo announced to cut 4,100 white-collar jobs this year
Coronavirus

Volvo announced to cut 4,100 white-collar jobs this year

On Tuesday, Truck- and Construction Equipment maker AB Volvo said in a statement that it plans to cut its white-collar workforce by around 4,100 positions during the second half of 2020, citing the effects of the Covid-19 pandemic. “The corona epidemic and the global measures taken to fight it has led to a market situation […]

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India to lose 130 million jobs amid lockdown: Report
Coronavirus

India to lose 130 million jobs amid lockdown: Report

According to a report by Genius Consultants, India is set to lose around 130 million jobs in the midst of the Covid-19 crisis. In which 40 percent would be from the blue-collar domain. Major job losses, according to the report will be in sectors like aviation, automobile, travel and tourism, food, entertainment, and to […]

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Shoppers Stop lays off 1,100 employees, 15% of total staff
Coronavirus

Shoppers Stop lays off 1,100 employees, 15% of total staff

Shoppers Stop, an Indian department store chain, owned by the K Raheja Corp lays off more than 1,100 employees and closing some of the underperforming stores due to the Covid-19 pandemic and national lockdown. The company has 7,500 employees, and nearly 15% of total staff strength, mostly junior and mid-level staff have been asked to resign […]

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JCB India has laid off 400 permanent employees
Coronavirus

JCB India has laid off 400 permanent employees

According to the ET report, JCB India, India’s largest construction equipment major has laid off almost 400 permanent employees as part of its rationalization of workforce citing falling business volumes as well as the COVID-19 pandemic. The company said in a statement, “The retrenchment includes 80 to 90 persons ranging from a DGM till Vice […]

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Bombardier Inc to cut 2,500 aviation jobs
Coronavirus

Bombardier Inc to cut 2,500 aviation jobs

CANADIAN plane and train maker Bombardier Inc said on Friday it would cut 2,500 jobs, or about 11% of the workforce at its aviation unit, as the coronavirus pandemic’s crushing impact on the air industry adds to its long list of problems. The aviation industry has been among the worst hit by the pandemic, which has dented […]

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After Zomato, Swiggy Announces 1,100 Layoffs
Coronavirus

After Zomato, Swiggy Announces 1,100 Layoffs

Food delivery company Swiggy said today that it will lay off 1,100 employees over the next few days, as the coronavirus pandemic hit its core and cloud kitchen businesses. Sriharsha Majety, Co-Founder & Chief Executive Officer, the company said, “Today is one of the saddest days for Swiggy as we have to go through an […]

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