Layoffs 2024 News

 PwC China is laying off at least 100 employees from various teams in offices located in Beijing, Shanghai, and other locations.

The manufacturer decided to restructure the workforce in Japan by seven percent, which amounts to around 5,000 job cuts.

Take-Two's workforce reduction is part of its broader cost-reduction efforts, which also include the cancellation of several ongoing projects.

Bogdan, in his post, mentioned that his termination was the result of HR adopting the hub & spoke model for L&D which he was pitching.

The reductions are part of McKinsey’s strategy to align the size of certain capabilities.

The latest move resulted in the termination of hundreds of employees across its physical stores' technology, sales, and marketing divisions.

Over 50,312 employees of more than 209 tech companies lost their jobs in 2024. On Tuesday, Unilever announced that it will separate its ice cream division. The company plans to reduce its workforce by 7,500 jobs.

The marketing and communications divisions are said to be impacted. However, the exact number of affected employees was not disclosed. Although IBM did not officially confirm the layoffs.

Upon clicking the provided link, users are directed to a page where they can easily search for available jobs.

The contractors were reportedly blindsided by the layoffs, which occurred shortly after they raised concerns about their compensation and benefits.

Following suit, as part of a reorganization plan, Bumble revealed intentions to lay off approximately 350 staff on Tuesday. 

As of May 31, 2023, Nike employed approximately 83,700 workers globally.

Various factors contributed to this wave of layoffs, including mismanaged recruitments, struggles with ad revenue, and the overarching impact of a faltering economy.

The Bengaluru-based company, which boasted a workforce of around 3,000 employees as of January, stated that this strategic realignment is part of its efforts to streamline operations.

Mohan, who worked as a programmer for Forma (formerly Twic), was unexpectedly laid off on February 8, merely a day after expressing his uncertainties about his career on Twitter.

"We are doing this to right-size our business, allowing us to move with the speed needed to deliver for our customers and drive profitable growth," Chriss wrote in the letter.

In both retail and tech, some companies are trimming their workforce after a period of increased hiring during the Covid-19 pandemic.

In the most recent job cut within the tech industry, Salesforce is letting go of approximately 700 employees throughout the company.

Swiggy is reportedly letting go of approximately 350-400 employees. The job cut constituted around 7 percent of its workforce.

As of now, Flipkart has a workforce of around 22,000 people based in Bengaluru, excluding employees from the e-commerce fashion portal Myntra.