Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • Iran Open to U.S. Talks but Demands Accountability and Compensation
    • Udaipur Files Ban Sparks Heartfelt Clash Over Truth and Harmony
    • Adani’s Dharavi Dream Devastates Mumbai’s Poor as Elites Seize Control
    • India’s Censorship Scandal Explodes: Reuters Blocked, Musk’s X Defies Modi’s Government
    • China Slams Trump’s Tariff Threat to BRICS Nations: “We Oppose Coercion Through Tariffs”
    • Senate’s “Most Dangerous” Tax Bill Sparks Outrage as Democrats Unite Against Billionaire Bailout
    • Paramount’s $16 Million Settlement with Trump Over ‘60 Minutes’ Lawsuit
    • Cricmax Connect: Powering the Organic Growth of Cricket in America
    • About
    • Careers
    • Contact
    • Privacy Policy
    Facebook X (Twitter) Instagram
    Digpu NewsDigpu News
    Saturday, July 12
    • Home
    • World
    • India
    • Business
    • Tech
    • Sports
    • More
      • Achievers
      • Auto Tech
      • Diplomatic Diary
      • Dil Paziir
      • Education
      • Entertainment
      • Finance
      • Health
      • Opinion
      • Politics
      • Press release
      • Startup
      • Science & Nature
      • Travel
    Digpu NewsDigpu News
    Home » Business » Software programmes to take lead role in layoffs

    Software programmes to take lead role in layoffs

    By Sanjeev RamachandranJanuary 27, 2023 Business No Comments3 Mins Read
    Layoffs
    Image courtesy: Pixabay
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Layoffs in an anticipated recession this year will be made by software programmes, feel experts.

    Recession fears, persistent inflation, and rising interest rates continue to force tech giants to lay off tens of thousands of employees. Google, Amazon, and Meta have fired nearly 40,000 employees combined.

    More than 65,000 employees have been sacked by 166 tech companies recently. In December, ResumeBuilder.com surveyed 1,000 business leaders to understand how employment in their organizations has fared in 2022 and the outlook for 2023.

    As much as 61% of business leaders say their organizations will likely have layoffs in 2023. 57% of business leaders who say layoffs are likely and estimate 30% or more of their workforce will be laid off this year. 70% of companies are likely to implement a hiring freeze in 2023.

    Layoffs in an anticipated recession this year will be made by software programmes, predicts experts. Business Insider reported that Meta contractors were told in June that they were picked by an algorithm to be laid off.

    Software deployment to pick people for layoffs

    Businesses are turning to software programmes not just to figure out whom to target in any layoffs but to decide how to reduce labor costs. HR tech companies say businesses typically use the software as a tool but managers make final decisions.

    The programmes look at employees’ performance ratings, skill sets, tenure at the company, titles, and engagement levels, among other factors, executives say. Layoffs based on data rather than gut feelings helps remove bias and increase decision making that is best for the long-term health of the company, according to an HR expert.

    A total 98% of human resources leaders say they will depend partly on software programs, or algorithms, to decide whom to cut if they have to conduct layoffs in an anticipated recession in 2023, according to a recent survey by Capterra, which helps small businesses choose software.

    AI also used for objective performance evaluation

    That is up from just 2% of large companies that turned to Big Data in the Great Recession of 2007-09, according to Capterra, a unit of tech research giant Gartner. “Over the past 15 years, the market for HR software has exploded,” Brian Westfall, Capterra’s principal HR analyst, has been quoted saying in the report.

    AI also is used for objective performance evaluation to help managers decide who stays and who goes. AI software startups like GoFusion Perfacto and Entomo use data from employee productivity, attendance record, and other KPIs to help separate the star players from the rest on the basis of objective performance metrics.

    AI businesses Jobs Layoffs Software
    Sanjeev Ramachandran
    • X (Twitter)

    A journalist with 23 years of experience, Sanjeev has worked with reputed media houses such as Business Standard, The New Indian Express, MSN India, PanAsiaBiz. Sanjeev can be reached at [email protected]

    Keep Reading

    Indian Stock Market Hits Record Highs: Sensex Surpasses 80,000, Nifty Reaches New Peak

    Biden’s Debate Performance Sparks Market Reactions and Raises Concerns for Democrats

    Infosys Q4 Revenue Falls Short of Expectations Amid Cautious Client Spending

    Toshiba Announces Major Workforce Reduction Amid Restructuring Plans

    ICCC Defies Challenges, Persistently Unites India And Canada In Trade Despite Diplomatic Disruptions

    Disney Partners with Mukesh Ambani’s Reliance Industries to Form Media Giant in India

    Add A Comment
    Leave A Reply

    You must be logged in to post a comment.

    Latest

    Iran Open to U.S. Talks but Demands Accountability and Compensation

    July 11, 2025

    Udaipur Files Ban Sparks Heartfelt Clash Over Truth and Harmony

    July 11, 2025

    Adani’s Dharavi Dream Devastates Mumbai’s Poor as Elites Seize Control

    July 9, 2025

    India’s Censorship Scandal Explodes: Reuters Blocked, Musk’s X Defies Modi’s Government

    July 9, 2025

    Iran Open to U.S. Talks but Demands Accountability and Compensation

    July 11, 2025

    Udaipur Files Ban Sparks Heartfelt Clash Over Truth and Harmony

    July 11, 2025

    Adani’s Dharavi Dream Devastates Mumbai’s Poor as Elites Seize Control

    July 9, 2025

    India’s Censorship Scandal Explodes: Reuters Blocked, Musk’s X Defies Modi’s Government

    July 9, 2025
    About
    About

    Digpu News – Free Voice With A Critical Edge: At Digpu.com, we embody the spirit of ‘Free Voice With A Critical Edge.‘ Our mission is to reinvent the very idea of news. Launched in 2018, our independent daily English online news channel has set the standard for true journalism—emphasizing accuracy, reliability, relevance, and impartiality.

    Follow Us!
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    Highlights
    Iran Open to U.S. Talks but Demands Accountability and Compensation

    Udaipur Files Ban Sparks Heartfelt Clash Over Truth and Harmony

    Adani’s Dharavi Dream Devastates Mumbai’s Poor as Elites Seize Control

    India’s Censorship Scandal Explodes: Reuters Blocked, Musk’s X Defies Modi’s Government

    Subscribe to Digpu
    © 2025 Digpu News Network. All rights reserved.
    • Terms of Use
    • Site Map
    • Privacy Policy
    • Disclaimer

    Type above and press Enter to search. Press Esc to cancel.