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Industry

Companies Layoff over 50,000 employees in 21 days this year 2023

According to media reports on layoff, 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. However, in 2023 January, 154 tech companies reportedly laid off nearly 55,225 in just 21 days. Earlier in November Amazon announced that will be […]

EPFO

EPFO adds 16.26 lakh net members in November 2022

The provisional payroll data of the Employees’ Provident Fund Organisation (EPFO) that was released highlights that EPFO has added 16.26 lakh net members in November 2022. The data indicates an increase of 25.67% in net additions compared to the previous month in October 2022. A year-on-year comparison of payroll data reflects an increase of 16.50% […]

Hiring

Cisco is hiring fresher graduates in India

An America-based multinational digital communications technology conglomerate corporation, Cisco is hiring fresher graduates for the role of Associate Systems Engineer. Commenting on the hiring process the company said, “You’ll be part of our Cisco Sales Associates Program (CSAP), an award-winning and industry-recognized early-in-career development program for top university graduates from around the world. You’ll train […]

Read Sundar Pichai’s letter firing 12000 Google employees

An American multinational technology company, Google parent Alphabet had announced to sack 12,000 employees. The company has already sent the email to the employees in US. The company is providing the following benefits to the affected employees:- SUNDAR PICHAI’S Email to Employees Googlers, I have some difficult news to share. We’ve decided to reduce our […]

Amazon HR Head told employees in an email about more job cuts

Tech giant, Amazon is laying off more than 18,000 employees which was 80% more employees than previously planned. The company has also stopped corporate hiring across. Earlier, Amazon delayed the joining dates for some university graduates until the end of 2023 due to cost-cutting efforts. Earlier, The onboarding of the employees was expected to be completed by […]

Industry

HUL Independent Director fined 9 Lakhs under insider trading regulations

HUL Independent Director Ashish Gupta has been fined 9 Lakhs for an ‘inadvertent trade.’ The company said the Portfolio Management Services of Ashish Gupta’s wife Nita Goyal, had traded in its shares on her behalf without her prior approval/intimation. A monetary penalty has been imposed due to the breach of the Code and PIT Regulations, SDC […]

Wipro sacks freshers, 452 people allegedly fired after internal test

An Indian multinational corporation, Wipro has sacked 452 fresher employees due to poor performance. Wipro fired the employees after taking an internal test. However, the company has waived the training cost spent on the employees. However, the company has not commented on the exact number of layoffs. As per the update the company laid off […]

Swiggy lays off 380 employees, CEO letter to employees

An Indian online food ordering and delivery platform, Swiggy lays off 380 employees due to the company’s restructuring exercise. Due to “poor judgment the company has “overhired” employees. The CEO has also explained that the growth rate for food delivery has slowed down. This was against the company’s projections. The company’s CEO said, “We’re implementing […]

Hiring

Wipro is hiring fresh passout graduates, apply here

An Indian multinational corporation, Wipro is hiring fresher Graduates (Passouts) and additionally for various other profiles. Commenting on the hiring process the company said on its career page, “At Wipro, we endeavor to provide a formidable platform for professionals who will be our change agents – catalysts who are torchbearers of our fortitude to excel […]

CHRO Move

Revolut India appoints Flipkart’s Sandeep as Head of People

A British financial technology company, Revolut India has announced the appointment of Sandeep Nainwal as Head of People. Paroma Chatterjee CEO of Revolut India said, “Within a short span of one and a half years, we have grown to become a team of 60+ employees in the India core team and over 800 employees across all the […]

A startup fired 70% of staff due to reported incorrect financial data

Indian Startup of an online vehicle repair platform, GoMechanic fires nearly 70% of the workforce due to Reported Incorrect Financial Data. Amit Bhasin cofounder GoMechanic shared a LinkedIn post saying, “We founded GoMechanic In 2016 to bridge the gap between process-oriented authorized service centers and cost-effective local workshops for people who were looking for a […]

Work Model

TCS modifies its appraisal process to make employees WFO

As per Businesstoday reports, an Indian multinational IT services and consulting company, Tata Consultancy Services (TCS) has modified its appraisal system so that the employees can work from the office. As per the email reviewed by Business Today, the employees are expected to work from the office for 3 days from the nearest TCS office. The […]