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Cognizant Technology Solutions has announced a voluntary separation package VSP for its US employe...
Textiles and apparel major Raymond has fired hundreds of employees across the board, since February....
The Centre on Tuesday informed the Supreme Court that it had withdrawn a contentious March order ...
Nokia last week suspended operations at a telecoms gear manufacturing plant in southern India, the company said on Tuesday, after some employees tested positive for Covid-19. Nokia did not disclose how many workers at the plant in Sriperumbudur in Tamil Nadu tested positive, but a source familiar with the matter said they were at least […]
Lakshya Digital, India’s leading Game Art Services companies, has announced that it will be hiring 12-15% more employees over the next 1 year amidst COVID-19. This increase in hiring is due to the new business in the last couple of months. Currently, Lakshya Digital has a team of about 500 people and plans to hire […]
Uber India lays Off 600 employees amid slowdown, a 25% of total workforce 2,400 in the country Uber India on Tuesday, 26 May, announced to lay off around 600 full-time employees due to the impact of the coronavirus crisis, a week after Ola slashed its workforce. The affected employees would be from across driver and rider support among […]
On 23 May 2020, Two-wheeler manufacturer TVS Motor Company has announced to cut the salaries of its employees starting this month, May 2020, as it grapples with a steep fall in sales, common across the industry. Though the company has clarified there will be no salary reduction at the workmen level. The company’s CEO, KN […]
The global environment is in flux like never before and unprecedented shifts are taking place in the workspace. With organisations having to transform and explore new ways of working and engaging with employees, HR systems and organizational structures are forced to adapt to the changes. With technology once again becoming the savior, organisations must look […]
Frequently Asked Questions: Reduction in statutory rate of EPF contribution from 12% to 10% Union Finance Minister Nirmala Sitharaman announced details for the total Rs 20 lakh crore financial package in a press conference on 13th May 2020, Wednesday. To increase the demand in the country and more take-home salary, the government has decided that […]
Tata Group top execs to take up to 20% salary cut in an effort to conserve cash For the first time in the Tata Group’s history, Tata Sons chairman N Chandrasekaran and Tata Group companies’ chief executive officers (CEOs) will take around a 20 percent compensation-cut in an effort to reduce the cost to tide over […]
An Indian e-commerce company, Snapdeal has put about 7% of its full-time workforce, or 50-55 individuals on a three-month furlough, The e-commerce agency has 750 employees on its payroll whereas one other 800 of staff are on contract. A Snapdeal spokesperson confirmed the event without offering any details and stated in an emailed response, “In […]
InterContinental Hotels Group (IHG®) appoints Vinay Jaswal as a new Head HR, South West Asia effective from May 2020 Vinay is a senior HR leader with rich experience in business building, culture transformation, and he has been successfully anchored HR initiatives in the areas of OD, business restructuring, talent management, shared services, and succession planning in Telecom, […]
An employee at Maruti Suzuki’s Manesar plant has tested positive for COVID-19, according to a company spokesperson. The company is also looking at “a possibility of a second case” of infection at the facility but has ruled out any impact on the business part due to the situation. The country’s largest carmaker, Maruti Suzuki India […]
IBM confirmed, it is cutting an unspecified number of jobs, but wouldn’t provide details related to location, departments, or the number of employees involved. The company framed it in terms of replacing people with more needed skills as it tries to regroup under new CEO Arvind Krishna. Several business media sites, including the Wall Street Journal and […]
