Due to economic uncertainty companies like Workday, Greater Noida industrial development authority, and Tinder are laying off employees.
According to media reports on layoffs, In the first half of the year 2022 that is from January to June, various companies laid off nearly 44,257 employees in the tech sector. A tech layoff tracker points out that 106,950 employees globally lost their jobs last month.
Layoffs in Workday
An American on‑demand system software vendor company, Workday has announced that the company is Laying off 3% of its global workforce due to the challenging global economic environment.
The company said in an email, “We have decided to restructure and realign some teams across Workday, leading to the difficult decision to eliminate roles.”
“The majority of cuts would be happening in our Product & Technology organization”, the email added.
“These moves are not the result of over-hiring and in fact, we plan to increase the size of our global workforce in the fiscal year 2024,” they said in the note.
“Based on what we know today, we have no plans to take similar actions of this size in the foreseeable future”, the note added.
Layoffs in Tinder
The latest tech company, Match Group, the parent firm of popular dating platforms Tinder and Hinge is laying off employees. The company will lay off 8 percent of its global workforce.
According to regulatory filings, Match Group had roughly 2,500 full-time and 40 part-time workers as of the end of 2021.
Greater Noida industrial development authority Layoffs
According to TOI, The GNIDA has sacked 49 contractual workers after allegations of irregularity in their appointment process.
The layoffs have been conducted as the employees didn’t meet the employment parameters. In October 2022 CEO Ritu Maheshwari formed a three-member committee.
Prerna Sharma, ACEO, GNIDA, said, “The preliminary inquiry has found the HR department and the consulting agencies at fault.”
“After further investigation, we will also fix the accountability of people involved in the irregularity. The contractual workers have been fired after a year”, Prerna Sharma added.
Prerna Sharma further said, “The CEO decided to terminate their services with no further extension.”
The committee found that the job application portal remained open at night to bypass recruitment rules. Due to this, the employment was terminated.