Latest layoff HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on layoff.
According to Reuters, an American multinational technology company, Google said on Wednesday that th...
As starts A prop-tech startup company, Frontdesk has laid off around employees which is the...
An Indian multinational financial technology company, Paytm CEO Vijay Shekhar Sharma said that then...
As per Trueup Report Layoff 2023, there are 1,992 laid off at tech companies with 428,335 people impacted (1,187 people per day). In 2023, the companies laid off employees because of Overestimation of Demand, new technology generative AI, breach of the ethical code, global macroeconomic conditions, and based on annual performance reviews. Details as below. Overestimation of Demand MoS IT […]
According to various media reports, The IT major, Google’s advancement in artificial intelligence may result in restructuring the ad sales department, which may impact employees from the ad sales unit at Google. The advancement and introduction of new AI-based tools will automatically suggest and create new ads that perform well for customers. As a result, […]
As per ET report, an Indian multinational financial technology company, Paytm will sack over 1000 employees amid cost-cutting measures. The layoffs are currently impacting over 10 percent of the company’s entire workforce. The company reportedly wants to save 10-15% of staff costs over the current fiscal year. “Our core business of payment may see manpower […]
Game publisher, Versus Evil has announced that the company will shut down leading to the layoff of the entire team. indie games publisher has shared the information through the social media Platform X saying, “Today is a sad day. After 10 wonderful years, Versus Evil is shutting its doors.” “We’ve loved bringing you the best […]
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, […]
According to Reuters, British multinational universal bank Barclays is planning to cut 1500- 2,000 jobs amid cost-cutting measures. The bank had previously made efforts to reduce expenses in recent years. This reduction included the reduction of bonuses and jobs in its retail and investment banking businesses. However, now the bank is planning to save costs to […]
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 […]
As per Reuters, an Indian multinational steel-making company, Tata Steel has sacked 800 employees in the Netherlands. The employees have been impacted by the layoffs due to market conditions and to bring down costs. As per the bifurcation of the layoffs, 500 full-time workers and 300 temporary positions have been impacted in the IJmuiden plant near […]
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 […]
