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Coronavirus

Ola to layoff , employees due to COVID- pandemic

May 20, 2020

Livspace lays off employees as coronavirus impacts

IKEA-backed home design and decor startup Livspace is laying off of its workforce as thenbspCo...

Coronavirus

May 20, 2020

Infosys partners with Rhode Island in fight against COVID-

Infosysnbspa global leader in next-generation digital services and consulting, on May announced...

Press Release

May 20, 2020

Infosys partners with Rhode Island in fight against COVID-

How to Foster Workforce Skilling, Reskilling Upskilling

Businesses in current timesnbspoperative in a very volatile environment. Changing the technology l...

Learning & Development

May 20, 2020

How to Foster Workforce Skilling, Reskilling Upskilling

Coronavirus

Government withdraws order on compulsory wage payment

The Ministry of Home Affairs (MHA), Government of India has issued an order providing for certain relaxations and guidelines with respect to the fourth phase of the COVID-19 lockdown, which will be in effect till May 31, 2020. Through the order issued on May 17, the MHA has ceased all its previous orders, including the […]

May 19, 2020

Merger & Acquisition

Accenture acquires Indian data analytics firm Byte Prophecy

Accenture has acquired Byte Prophecy, an automated insights and big data analytics company based in Ahmedabad, India, to meet the growing demand for enterprise-scale AI and digital analytics solutions across the region. The acquisition will add nearly 50 data science and data engineering experts, with a particular focus on insight automation, to Accenture Applied Intelligence. The move […]

May 19, 2020

Survey & Report

Industry reactions on Rs 20 lakh crore economic package

PM Modi has announced Rs 20 lakh crore economic support package, intended to help the economy tide over the Covid-19 crisis. His strategy for the Aatmanirbhar Bharat was presented by the Finance Minister Nirmala Sitharama in four tranches. Finance Minister Nirmala Sitharaman detailed the package in five tranches, the last of which was announced on […]

May 19, 2020

Coronavirus

After Zomato, Swiggy Announces 1,100 Layoffs

Food delivery company Swiggy said today that it will lay off 1,100 employees over the next few days, as the coronavirus pandemic hit its core and cloud kitchen businesses. Sriharsha Majety, Co-Founder & Chief Executive Officer, the company said, “Today is one of the saddest days for Swiggy as we have to go through an […]

May 18, 2020

Coronavirus

Govt issued notice to Hexaware for firing employees

The IT firm Hexaware Technologies has been served a legal notice for firing employees, not allowing them to serve notice period, and not paying them salaries for the last three months The notice has been issued by the Labor Commissioner, based on a complaint filed by the National Information Technology Employees Senate (NITES), a nonprofit […]

May 18, 2020

Future of Work

How to Prepare the Workforce for the Future Jobs

Why is it important? We are living in an unprecedented time in which the technology is changing at an exponential phase. World Economic Forum’s Future of Jobs report predicts that 75 million jobs are expected to be displaced due to automation by 2022. At the same time, 133 million new roles (Fig. 1) will get created […]

May 18, 2020

Coronavirus

MHA extends lockdown till 31 May with new guidelines

Centre government extends lockdown till 31 May with new rules and guidelines, States are given more power Centre government has released the guidelines for the fourth phase of lockdown guidelines today. The demands and expectations of states on lockdown extension have been mixed- with some demanding the extension while others are in favour of opening […]

May 17, 2020

Industry

Lava plans to shift production to India from China

On Prime Minister Narendra Modi’s call “Local ke liye Vocal“, Lava on Saturday, 16 May announced to shift its entire mobile R&D, design and manufacturing for the export market from China to India within next six months, announcing to invest overall nearly Rs 800 crore in the due course of time. According to a report […]

May 16, 2020

Coronavirus

Zomato to lay off 13% of the workforce

Zomato to lay off 13% of the workforce and temporary pay cut of up to 50% for remaining employees Indian online food delivery platform Zomato on Friday said it will reduce its workforce by 13%, while also implementing a temporary pay cut of up to 50% for remaining employees as nationwide lockdown to prevent the […]

May 16, 2020

Coronavirus

Central Government staff to WFH even after Lockdown

In a post-lockdown scenario, Centre will continue with staggered and variable work hours and the Personnel Ministry has come out with a draft consultation paper to adopt best work from home practices for Central government employees. The Department of Personnel and Training (DoPT) may provide the option for work from home to the eligible officers/staff […]

May 15, 2020

Industry

More VP and SVP levels exit at Cognizant

IT Major Cognizant is seeing another churn among senior executives. Several senior vice-presidents (SVPs) and vice-presidents (VPs) have resigned recently from the company. According to the TOI report, among these are Jaideep Poondir, SVP in the banking and financial services vertical, Rajesh Balaji, SVP, and delivery head of enterprise application services practice, and Vinayambika Kidiyur, […]

May 15, 2020

Industry

TCS to build two new facilities in Pune and Noida, expected to accommodate over 50,000 employees

Despite announcing last month that it would let 75% of its employees work from home by 2025, Tata Consultancy Services, Tata Consultancy Services (TCS) is seeking approval to develop two new IT parks of five million sqft as well as lease an additional one million sqft. IT major TCS is planning to set up an […]

May 15, 2020