Latest layoff HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on layoff.
An American publicly traded Internet domain registrar and web hosting company, GoDaddy CEO Aman Bhut...
According to a mint report, IT services companies are to layoff freshers for failing screening ...
An American multinational technology company, Yahoo is planning to sack more than of its total w...
According to the ET reports, a short-form video hosting service, TikTok has fired its entire India team. The company has fired 40 people. The move came almost after three years TikTok was banned in India. The app was banned in India along with 300 other Chinese apps over national security issues. The employees that were working […]
An American multinational, mass media and entertainment conglomerate, Disney will layoff 7,000 employees to make business more profitable. The layoffs represent an estimated 3.6% of the company’s global workforce. The effort of the company is to save $5.5 billion in costs and make its streaming business profitable. The company shifts its focus to its core brands and […]
The major companies laid off employees including Infosys, Amazon, Google, Microsoft, Byju’s, Wipro, and Salesforce laid off a maximum number of workers globally. According to trueup.io, so far in 2023, Stay up-to-date on the latest layoffs across big tech, tech unicorns, and startups. So far in 2023, there have been 379 layoffs at tech companies with 113,082 people impacted (3,056 people per day). In 2022, […]
An American communications technology company, Zoom has announced to sack 1300 employees or roughly 15 percent of the company’s workforce. Additionally, the Zoom CEO’s salary is to be reduced by 98%. The company hired employees as there was an increase in demand due to the pandemic. But as the pandemic is almost over the demand for […]
According to Bloomberg reports, An American-based technology company, Dell will sack about 6,500 employees which is about 5 percent of its global workforce. In a memo Co-Chief Operating Officer Jeff Clarke said, “The company is experiencing market conditions that “continue to erode with an uncertain future.” “We’ve navigated economic downturns before and we’ve emerged stronger. […]
An Indian multinational information technology company, Infosys has fired 600 freshers after they fail an internal assessment test. Recently, Wipro also sacked 452 fresher employees due to poor performance. The company fired the employees after taking an internal test. However, the company also waived the training cost of Rs.75,000/- for the freshers. According to Business Today a […]
Layoffs are a tough decision for any company. However, there have been various companies that have been announcing layoffs. According to trueup.io, so far in 2023, there have been 379 layoffs at tech companies with 113,082 people impacted (3,231 people per day). However, In 2022, there were 1,535 layoffs at tech companies, and 241,176 people were impacted. The actual reason behind the layoffs in the […]
An Indian multinational educational technology company, Byju’s has laid off nearly 1,500 employees in a fresh round of layoffs. The layoffs have affected employees from mainly the design, engineering, and production verticals. Abhishek Ashish a Software Engineer at BYJU’S has also been laid off by the company. He graduated from IIT and this was his first job. He […]
Due to economic uncertainty companies like Workday, Greater Noida industrial development authority, and Tinder are laying off employees. According to media reports on layoffs, In the first half of the year 2022 that is from January to June, various companies laid off nearly 44,257 employees in the tech sector. A tech layoff tracker points out that 106,950 […]
An American multinational conglomerate holding company, FedEx has announced that the company is cutting more than 10% of its global management employees. The job cuts at FedEx are due to the shipping slowdown. This is the second round of layoffs at the company in less than a year. FedEx employs 550,000 employees globally. The following is a […]
Chip-maker Intel is laying off nearly 340 employees at one of its campuses in the US. However, the company has announced the layoffs through the Worker Adjustment and Retraining Notification (WARN) notice. According to the WARN Act requires employers to provide a 60-day notice to workers and state officials of mass layoffs. “All impacted employees […]
Fintech company, PayPal is planning to reduce its workforce by 7%, or about 2,000 employees as the firm is hit by the economic slowdown. PayPal President and CEO Dan Schulman said that these job reductions will occur over the coming weeks, with some organisations impacted more than others. The following message was shared with PayPal […]
