Latest termination HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on termination.
Indiabulls owned social commerce application, Yaari has laid off employees which is nearly o...
A major real-money stakes-based gaming operator, Mobile Premier League MPL has laid off employ...
The pre-owned e-commerce platform,nbspCARSnbsphas announced that the company is laying off aro...
The Madras High Court has recently observed that the employer should follow the procedures of departmental proceedings even for the termination of a Temporary employee. Conducting a disciplinary enquiry can help the employer, in the framing charge that is relevant or not against the employee. Thereafter deciding the issue are concerning for the temporary employees. […]
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 […]
Two senior Twitter leaders who oversee the consumer and revenue divisions will depart the social media company, Chief Executive Officer Parag Agrawal told employees in a memo on Thursday. In one of many greatest shake-ups on the firm since billionaire Elon Musk introduced he would purchase it for $44 billion. Whereas no layoffs are planned, […]
Germany’s Henkel is slashing 2,000 jobs in response to rising costs and low demand for its shampoos and hair sprays and aims to make 500 million euros ($530 million) in gross savings in the medium-term from the merger of its cosmetics and detergents units. The job cut and savings targets, announced on Thursday, illustrate the […]
The U.S. financial services company Robinhood Markets Inc. declared that it would be laying off about 9% of its full-time employees by removing the duplicate jobs it had added when the company saw excitable growth during the COVID-19 pandemic in 2020. Robinhood CEO Vlad Tenev announced on Tuesday that the financial services company would lay off about 9% of its […]
Elon Musk takes over Twitter, one of the most popular social media platforms in the world, for a whopping $44-billion cash deal. The 16-year-old company will be a private entity and wholly owned by the celebrity CEO of Tesla after the deal is complete. Twitter Inc. employees reacted on the takeover with a mix of enthusiasm, fear, […]
Novartis AG has confirmed that it would cut jobs as part of a wide-ranging restructuring aimed at saving $1 billion by 2024. The Swiss healthcare company said that it would integrate its pharmaceuticals and oncology units into two medicines units–one for the U.S. and one that focuses on the international market. “These efficiencies will come […]
According to an ET report, e-commerce startup Meesho has laid off 150 people from its grocery business. The positions were axed after the company restructured and rebranded as Meesho Superstore from Farmiso earlier. Last week of this month, the company announced its plans to merge the grocery business with the main app, leading the talks of restructuring […]
In a first big jolt to Ashneer Grover, BharatPe has terminated the services of his wife Madhuri Jain Grover, head of controls at the fintech platform, for alleged financial irregularities during her tenure. Sources on Wednesday confirmed to IANS that Madhuri Jain’s contract was terminated as the probe has found misappropriation of funds during her […]
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 […]
Nokia to cut up to 10,000 jobs in two years Finnish telecoms equipment maker Nokia announced on Tuesday it will slash up to 11 percent of its workforce within two years, as part of a 600-million-euro ($715-million) cost-cutting programme. Announcing the wide-ranging restructuring led by new chief executive Pekka Lundmark, Nokia said that market developments in the next […]
