Layoff

Companies must take responsibility: Nites flags AI-driven layoffs

IT employees' body NITES has exhorted tech firms to prioritise reskilling over layoffs, while calling for policy intervention to bring stronger safeguards and mandatory severance norms to protect white-collar workers, as aggressive AI build-outs by industry trigger job cuts and uncertainty for workforce. Nascent Information Technology Employees Senate (NITES) has argued that although tech profits remain strong, weakening job security raises serious questions about corporate responsibility and accountability. "First, companies must take responsibility. If they are investing in AI, they should also invest in reskilling their existing workforce," NITES president Harpreet Singh Saluja told PTI. Job cuts should be the last option, not the first, he said, urging policymakers to intervene immediately, to shield workers by enforcing clear workplace guidelines on layoffs, mandatory notice periods, fair severance, and employer accountability. "India still lacks strong legal protection for ..

Early morning pink slips from Oracle a wakeup call on AI transition?

Tech giant joins industry peers in pivoting towards AI infrastructure, triggering a massive workforce restructure across global and Indian operations

Oracle's mass layoffs explained: 30,000 jobs cut globally, over 2,500 hit in India | Job cut

Oracle’s global layoffs, impacting up to 30,000 employees, have now reached India, with over 2,500 jobs cut. As the tech giant doubles down on AI and data centres,

Oracle lays off 12,000 employees in India; another round likely in a month

US-based IT firm Oracle is believed to have laid off approximately 12,000 staff in India, with another round of layoffs expected within a month, impacted employees said on Tuesday. Globally, the company has fired around 30,000 employees. "In India, around 12,000 employees have been laid off. The company is planning another mass layoff within a month," said two people impacted by the retrenchment, including one from the company's human resource department. The company has approximately 30,000 employees in India, including those affected by the layoffs. Oracle declined to comment on the development. Oracle, in an email sent to staff, said the employees were informed about certain organisational changes and "because of these changes, a decision has been taken to streamline the operations, and as a result, unfortunately, the position you currently hold will become redundant". The company has offered 15 days' salary to each employee who has completed a year of service in India, in add

KPMG plans to cut jobs in auditing division, up to 440 jobs at risk in UK

Impacted employees were informed that they could be laid off, subject to a redundancy consultation, according to a memo to staff

Microsoft overhauls HR team, calls for faster pace in AI-driven era

Microsoft has announced major changes to its HR team, with its Chief People Officer urging employees to embrace adaptability and a faster pace amid rapid AI-driven workplace transformation

Meta is laying off hundreds of employees across multiple teams: Report

Meta had nearly 79,000 employees as of December 31, according to its annual filing

Disney CEO Josh D'Amaro's first week marred by 'Fortnite,' OpenAI woes

D'Amaro took over as CEO from Bob Iger on March 18

HSBC considers 20,000 job cuts as AI drives overhaul of operations

Non-client facing roles in global service centres are among those expected to be most impacted although the assessment is at an early stage

Meta may cut around 20% of workforce amid rising costs of AI investments

Meta is considering job cuts that could affect about 16,000 employees as the company ramps up spending on artificial intelligence infrastructure, data centres, and AI-driven tools

Tech Mahindra denies buzz around plan to lay off 30,000 employees

Tech Mahindra has denied social media claims that it plans large-scale layoffs, clarifying in an exchange filing that no such proposal is under consideration amid speculation of a 30,000 cut

Flipkart lays off 250-300 employees after reviewing performance

Layoffs affect roughly 2% of workforce as Walmart-backed e-commerce firm tightens operations and prepares for a potential IPO

Oracle plans thousands of job cuts amid costly AI data centre expansion

The reductions being planned are expected to be wider-reaching than the company's typical rolling job cuts

Morgan Stanley lays off 2,500 employees despite record profits in 2025

Job cuts hit bank's three major business segments: Investment banking and trading, wealth management, and investment management

As the AI juggernaut bites, Jack Dorsey's 'Block' to cut 4,000 roles

Block chairman Jack Dorsey said the layoffs were not driven by financial distress but by rapid advancements and adoption of AI tools reshaping how the company operates

Jack Dorsey's Block to slash 4,000 jobs as it makes big bets on AI

The reduction in force, which was announced in a shareholder letter on Thursday, comes after rolling job eliminations that have often been tied to annual performance reviews

AI boosts productivity, not triggering mass layoffs: ICRIER-OpenAI report

A new study by the Indian Council for Research on International Economic Relations (ICRIER) and OpenAI has sought to downplay fears over large-scale labour market disruptions from Artificial Intelligence, saying generative AI is currently not causing mass layoffs but is reshaping how work is organised, raising productivity and transforming roles. The conclusions draw from survey of 650 IT firms across 10 cities (conducted between November 2025 and January 2026), analysing shifts in hiring patterns, occupational demand, productivity outcomes, and workforce skilling. According to the study conducted by ICRIER, and supported by OpenAI, evidence from firms suggests AI is amplifying output and elevating skilled experts, and not triggering mass lay-offs. Titled 'AI and Jobs: This time is no different', the study found that generative AI is currently not causing mass job displacement but is reshaping how work is organised, raising productivity and transforming roles. Ronnie Chatterji, Ch

Over 30,000 tech jobs cut globally in first two months of 2026: Report

RationalFx report says over 80 per cent of 30,700 job cuts occurred in the US; India tops Asia with 920 layoffs as firms pivot towards AI-focused hiring

Google offers exit package to select GBO staff who are 'ready to move on'

Google's chief business officer, Philipp Schindler, emailed some teams saying employees who don't feel "all in" on the company's mission can opt to leave voluntarily with a severance package

Amid layoff talk, companies see spike in voluntary retirement expenses

Corporate India has recorded over Rs 1,000 crore in voluntary retirement scheme expenses in recent quarters, reflecting business uncertainty, AI-led disruption and muted global demand