Latest layoff HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on layoff.
Two former Tesla employees have filed a lawsuit against the electric vehicle giant. The employees we...
The Gurugram-based Social commerce CityMall is slashing jobs as it looks to better navigate the ...
The Edtech platform, Unacademy has recently fired a small fraction of its workforce which is emp...
Elon Musk, CEO of electric vehicle maker Tesla has called for the layoff of 10 percent of the company’s white-collar workforce in an internal company email on June 3. Tesla employees are sharing their pain on social media and said that the layoffs appear to have started last week and have accelerated since then. It […]
Cryptocurrency exchange company Coinbase Global Inc has announced that it will slash nearly 18% of its workforce which is about 1,100 jobs. This move has come as a result of reining costs amid volatile cryptocurrency market conditions. The company earlier informed this month that it would extend its hiring freeze for the future and cancel several […]
FarEye, the Software-as-a-service (SaaS) provider has laid off around 250 employees at the time of their appraisal, according to media reports. FarEye CEO and Co-founder Kushal Nahata said, “With the softness in market conditions, in the year ahead, we are focusing on our efforts and aligning resources in areas that drive maximum value for our […]
Bengaluru-based gold loan provider Rupeek has laid off around 200 employees from its workforce across multiple teams. The company has laid off nearly 10-15% of its workforce. The reason behind the layoffs is tough macro conditions and a funding crunch. The company’s founder and CEO Sumit Maniyar told employees about the decision through an email. […]
As Twitter pauses hiring, the micro-blogging platform is reportedly shifting employees away from audio Spaces, Communities and newsletters verticals for areas that “will have the greatest positive impact to the public conversation”. The restructuring is happening under Jay Sullivan, the new head of product and interim head of revenue, reports Bloomberg. Twitter CEO Parag Agrawal last month fired […]
Info Edge-backed Edtech startup, Udayy has reported shutting down. This has caused the startup in laying off all its hundred employees. The co-founder of Udayy Saumya Yadav said, “This comes on the back of kids moving back to schools in the post-pandemic world.” “Udayy was witnessing the post-pandemic world for the first time. As the kids […]
Indiabulls owned social commerce application, Yaari has laid off 150 employees which is nearly 60% of its total workforce. According to sources, the company has decided to merge it with another Indiabulls company Dhani Services. The layoffs reportedly happened in the supply support, customer support, business development, and marketing verticals. The company did not extend […]
A major real-money stakes-based gaming operator, Mobile Premier League (MPL) has laid off 100 employees, or 10% of the workforce. The company has claimed that it has over 9 crore users on its platform and offers more than 60 online games such as Fantasy Cricket, Rummy, and Speed Chess with real cash prizes in paid […]
Edtech firm Vedantu CEO Vamsi Krishna said in an email to employees that the company has laid off 424 people. That is about 7 per cent of its total workforce of 5,900 employees. While saying that a decision like this was extremely difficult to take, he added that it is “days like these that are […]
According to a CNN report, Better.com CEO Vishal Garg announced the mortgage company is laying off about 9% of its workforce on a Zoom webinar abruptly informing the more than 900 employees on the call they were being terminated just before the holidays. “If you’re on this call, you are part of the unlucky group […]
Volkswagen has no plans to cut 30,000 jobs, CEO Herbert Diess told staff in an internal video message, hoping to fix his damaged relationship with the carmaker’s works council that deteriorated further in recent weeks. Diess said he was in talks with labour representatives on how the company’s Wolfsburg site, which the 63-year-old says lags […]
General Motors India to lay off 1,419 workers at Talegaon plant According to an ET report, on Friday, General Motors India has laid off 1,419 workers by invoking section 25 of the Industrial Dispute Act. Commenting on the development Employees’ Trade union said, we will legally challenge the move, report says. The decision of laying […]
