TRENDS IN LAYOFF ACROSS THE GLOBE

Presentation by

Mahasudharsan K
717822B230
1st MBA KCE
HR Movements

 Work From Home (WFH)

 Moon Lighting
 HR TRENDS

HR Trends

 Practices and techniques that companies often

use to understand and meet employee needs.

Current HR Trends and Challenges

 Discovering the Right Talent
 Upskilling & Grooming The Workforce
 Artificial Intelligence(AI)
 Flexible Working Adjustments
 Agile Work culture
 WFH

 Work from home describes work

being done remotely, instead of at an
office.

 WFH means employees can set up

their workspace in their homes and
manage their entire work right from
inside their houses.
 Pros and Cons of WFH

Pros Cons
Remote workers feel Working from home
less stressed and more can be lonely
focused

No daily commute. Communication and

collaboration can be a
challenge

Remote workers have It's challenging to

flexibility in their build a remote
schedules. company culture.
 MOON LIGHTING

 Moonlighting by employees means that the full-time

employee of a company takes up an extra job.

 In India, moonlighting by employees increased after the

COVID-19 pandemic and the work-from-home model,
especially among IT sector employees.
Types of Moonlighting

 Blue Moonlighting. Blue moonlighting is

the term used to denote failed efforts at
moonlighting. ...

 Quarter Moonlighting. Every second job

may not be full-time. ...

 Half Moonlighting. Half moonlighting is

spending more time than required by a
part-time job in an additional job. ...

 Full Moonlighting.
 Top IT companies restrict
Moonlighting

 IT companies are worried that doing multiple jobs can impact

employees’ productivity.

 Wipro CEO Rishad Premji “cheating and unacceptable.” Company

sacked 300 employees over the past few months for moonlighting.”

 Infosys CEO Salil Parekh “That the company doesn’t support dual
employment so they sacked more than 200 employees past year.”
 Artificial
Intelligence

 Artificial Intelligence is a technology that is defining

new-age of operating business.

 Streamlining the recruiting process by automating

things like job postings, answering candidate questions,
and organizing interviews and follow-ups.
 Artificial Intelligence

Pros Cons

A STREAMLINED PROCESS TOO DEPENDENT ON CERTAIN

KEYWORDS

LESS HUMAN BIASES REDUCED ACCURACY AND

RELIABILITY

IMPROVED CANDIDATE REQUIRES AN IMPROVED

EXPERIENCE SKILLSET
 Agile HR
 An approach that prioritizes the speed of responsiveness
and adaptiveness within the HR function.
 This change HR’s mission and focus. Driving agility
means driving programs that create adaptability,
innovation, collaboration, and speed.
Why Lay off ?
Layoff
 A temporary or permanent discharge of a worker.
 A period during which someone is unable to take part
in a sport or other activity due to injury or illness.
 In other words layoff is the temporary suspension or
permanent termination of employees in the
organization.
Advantages of Laying Off Disadvantages of Laying Off
Employees Employee

Ensures that you have the best It involves a number of legal

employees on your team problems.

It is good as you have mainly Increases the burden of the

experienced employees on board employees who have been
retained
Causes other employees to pull up Lowers the morale of the
their socks employees in general

It is a very cost-effective option. Employees may start seeking

employment elsewhere
 Google Layoff

Google announced that it will be

cutting 12,000 jobs of Around 2,00,000
employees in India

Reasons:
“Revenue growth slowed to 6% in
the quarter for alphabet”
 Microsoft Layoffs

Microsoft
Cutoff of 10,000 employees from
total employees from 2,20,000
The company is facing slower PC and Cloud
sales
 Amazon Layoff

Amazon began making layoffs on

November, cutting about 10,000 employees
from 15,12,000 employees.

Reason:
“Uncertain economy” and “rapid hiring.”
 Twitter Layoffs

Twitter laid off around 3,700

employees in early November in the
first cost-cutting measure.
 Swiggy

Swiggy employs about 6,000 people and the

layoffs will affect about 6% of its total workforce.

Reasons:
The company may let go of workers across
the product, engineering.
 TCS

TCS is laying off approx. 30,000

employees.
Reasons:
“Uncertain economy” and
“rapid hiring.”
 Freshworks

“Fresh works” has around 5200

employees globally, but the company
is now letting go of 90 of them
across teams including sales,
marketing, and engineering.

Reason:
"performance and staffing
redundancies" as the reason behind
the layoffs.
 Meesho

Nearly 300 Meesho employees have

lost jobs after the shuttering of
Meesho Superstore.

Low revenue and a high cash burn was

the reason behind the startup’s Layoff.
 OYO

OYO is letting go of 600 of its 6,000

employees, mostly involved in tech
roles in product and engineering
teams.
 UNACADAMY

• Unacademy has sacked more than

1,200 employees since the start of
2021.

• It halved its team from over 6,000

employees as of April last year to
about 3,000 employees currently.

Reason :
Unprecedented times and offline pivot.
MAHASUDHARSAN K
1St MBA,KCE