Monday, September 29, 2025
spot_img

Volkswagen plans to sack 2,000 jobs

spot_img
- Advertisement -

Volkswagen is planning to cut 2,000 jobs at its troubled software unit Cariad as part of a restructuring plan.

The move of layoffs is part of a larger trend as companies cutting jobs and slowing hiring as investors become increasingly fearful of a recession. Tech companies have either frozen the hiring process or laid off many employees. 

A Volkswagen Works Council spokesperson said, “We don’t accept this method of cutting jobs across the board.”

“There is no concrete information on where positions should be cut in terms of structure and tasks,” the spokesperson added.

Recently, KPMG has also announced its plan to sack nearly 100 jobs in its deal advisory business in the UK. The layoffs at the organization are expected to impact around 6 percent of the 1,700 KPMG deal advisory team in the UK.

Earlier, Microsoft-owned LinkedIn announced to sacking of 668 employees across the engineering, product, talent, and finance teams.

The company said, “Talent changes are a difficult, but necessary and regular part of managing our business. The changes we shared with our team today will result in a reduction of approximately 668 roles across our engineering, product, talent, and finance teams.”

“While we are adapting our organizational structures and streamlining our decision-making, we are continuing to invest in strategic priorities for our future and to ensure we continue to deliver value for our members and customers”, the company added.

The company further said, “We are committed to providing our full support to all impacted employees during this transition and ensuring that they are treated with care and respect.”

Amazon sacked 27,000 employees in three months. The major companies that laid off employees include Infosys, Amazon, Google, Byju’s, Wipro, and Salesforce laid off a maximum number of workers globally.

The company will be planning for job cuts from 2024 until the end of 2025. So far in 2023, there have been 1,749 layoffs at tech companies with 389,684 people impacted (1,295 people per day).

In 2022, there were 1,557 layoffs at tech companies with 243,318 people impacted (667 people per day).

Note: (We are on WhatsApp. To get the latest news updates, Join our Channel. Click here)

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

Top hiring, recruitment trends to look out for in 2022

The past two years of the COVID-19 pandemic have...

Nykaa Sues Ex-Executive Gopal Asthana, Now CEO of Tata Cliq

Nykaa, a prominent beauty and fashion product retailer in...

JPMorgan Chase Initiates Layoffs Amidst Record Profits

JPMorgan Chase, one of the largest banking institutions in...

Getting A Manager Who Can Understand Me -A Case Study

Arindam was very happy to receive an offer letter for...

Kyndryl’s Rajita Singh on AI Readiness Shaping HR Strategy

Rajita Singh is the Chief People Officer for Kyndryl India...

How Cybersecurity Is Impacting HR and Employee Data Protection

Cybersecurity is a key concern for various fields, and...

Airtel, Bajaj Finance Launch Strategic Partnership for Financial Services

Bharti Airtel, one of India’s largest telecom service providers,...

TCS sees strong year ahead as remote work drives cloud demand

TCS sees strong year ahead as remote work drives...

Related Articles

Sheenu Pradhan
Sheenu Pradhanhttps://sightsinplus.com/
Sheenu Pradhan, Editor Content, SightsIn Plus. She has over 8 years of experience in human resources. Prior to this, she has been associated with Wictor Chemicals India, Wipro, and Shakti Plas Industry.