Tag: Employment Termination
Managing Redundancy in Organizations: The HR Way
The year 2022 and that too especially the second half of it has witnessed a series of employee terminations in tech industries from smaller...
How to prepare for layoffs?
The current global economic environment is gloomy. Wherever you look the conversations are centred around slowing growth, recession, high inflation, unemployment, and most importantly...
Byju’s employees in Kerala “asked to resign” forcefully
On Tuesday, a group of Byju’s employees met V Sivankutty, Kerala labour minister alleging that the edtech giant was forcing more than 170 staffers to resign.
Byju’s...
SaaS firm, FarEye lays off 250 employees at the time of...
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...
Twitter enters restructuring mode, focuses on user growth
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...
Healthtech startup MFine laid off over 500 people due to funding...
The Bengaluru-based, healthtech startup, MFine has laid off 500 employees as the startup struggles to raise funds.
According to media reports, the job cut...
Henkel is slashing 2,000 jobs due to rising costs and low...
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...
All units of TS Textile Park shut, nearly 1000 people to lose...
The owners of these units have faced a heavy financial crunch so they had to close the units shut shop total of the 117-odd...
Thousands of layoffs are planned as part of Novartis restructuring
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...
Unacademy lays off 600 employees as part of a cost-cutting measure
Edtech unicorn Unacademy, which recently launched an experience centre- Unacademy Store, has laid off nearly 600 employees, almost 10% of its workforce. The SoftBank-backed start-up...