Latest termination HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on termination.
Unlike other tech companies, an American multinational e-commerce company, eBay has announced a redu...
A German multinational software company,nbspSAP has announced its restructuring plan for that...
After Meta and Google, The three leading companies Amazon, Bosch, and Tata Steel collectively may la...
An American online video-sharing and social media platform, YouTube has sacked hundreds of employees as part of the restructuring process. A Google spokesperson said, “As we’ve said, we’re responsibly investing in our company’s biggest priorities and the significant opportunities ahead.” “To best position us for these opportunities, throughout the second half of 2023, a number of […]
An American multinational technology company, Google has recently sacked an employee after 19 years of service. The former Google employee Kevin Bourrillion took the layoff to social media platform X (formally Twitter) confirming that he was sacked by the company. Kevin Bourrillion’s post said on the X, “End of an era! After 19 years of […]
An American multinational investment bank and financial services corporation, Citigroup Inc. has reported a net loss for the fourth quarter of 2023 of $(1.8) billion, or $(1.16) per diluted share, on revenues of $17.4 billion. This compares to net income of $2.5 billion, or $1.16 per diluted share, on revenues of $18.0 billion for the fourth […]
Meta, the parent company of Facebook has reportedly sacked 60 employees particularly those in Technical Program Manager (TPM) roles. However, Meta has not officially commented on the layoffs. The company has reported sacked employees in TPM roles that have impacted 60 employees in the company. Earlier, the tech company had previously cut 11,000 jobs at […]
According to Reuters, an American multinational technology company, Google said on Wednesday that the company is laying off hundreds of employees working in Assistant, hardware, and engineering teams. A spokesperson told Reuters in a statement, “Throughout second-half of 2023, a number of our teams made changes to become more efficient and work better, and to […]
According to TOI report, the e-commerce platform, Flipkart will sack 5-7% workforce based on a performance review that will be completed by March-April. Flipkart, excluding its fashion portal Myntra, currently employs 22,000 employees. The reports also suggested that this is not the first time Flipkart has sacked employees due to annual performance the company has been […]
As 2024 starts A prop-tech startup company, Frontdesk has laid off around 200 employees which is the entire workforce of the company, over a two-minute Google Meet call. According to report, “Frontdesk was still optimistic about its ability to raise more capital.” The startup had posted on LinkedIn openings for several jobs, including a chief […]
An Indian multinational financial technology company, Paytm CEO Vijay Shekhar Sharma said that the company would undergo major AI upgrades in 2024. He has shared a post on social media platform X (formally Twitter) by saying, “Making my to-do list for 2024. What would you like to change/ upgrade in the Paytm app?” “We have changed […]
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 […]
An American athletic footwear and apparel corporation, Nike is planning to sack hundreds of employees to cut costs. Due to Nike’s poor sales over the last year the company has been cutting costs across the different departments. The company is planning to increase the automation of certain services to save $2 billion in costs. This […]
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 […]
