Explore the latest Coronavirus news, trends, AI innovations, HR analytics, and digital workplace insights. Stay updated with expert opinions and industry developments.
Accenture to curb hiring and halt some promotions as cost cutting measures Accenture Plc, one of the...
Tata Group plans layoffs to save fixed costs as profit dips- Report According to The Times-News Netw...
GoDaddy announced restructuring plan, says to impact employees Web hosting company GoDaddy Inc o...
Cognizant started laying off bench employees, the number could reach up to 18,000 employees Cognizant has started terminating its bench employees, the process is simple– move to the bench and induced resignation after 41 days. Moneycontrol also reports, the terminations are happening at the associate level, mostly mid-level employees, and above, those employees who are […]
BMW has confirmed that the German manufacturer is looking at axing at least 10,000 contract workers, in an effort to reduce its capacity due to the coronavirus crisis and help mitigate growing costs. According to Reuters to The Munich-based company said earlier on Friday it had reached an agreement with the works council for a […]
Air India on Friday introduced a “shorter working week scheme” under which its permanent employees, except pilots and cabin crew members, can opt to work for three days a week at 60 percent salary, said, senior airline officials. This measure has been introduced in order to improve the airline’s cash flow position amid the coronavirus […]
33% of Infosys Workforce to Work From Home permanently only 66% to come to the office According to a report published in Trak.in, Richard Lobo, Executive Vice President, Head HR, Infosys said in a media interaction that in the long term, around 80,000 Infosys employees will never come to the office, they want 33% of […]
On Tuesday, Truck- and Construction Equipment maker AB Volvo said in a statement that it plans to cut its white-collar workforce by around 4,100 positions during the second half of 2020, citing the effects of the Covid-19 pandemic. “The corona epidemic and the global measures taken to fight it has led to a market situation […]
The salary cuts at Tata Group, approximately 15-20 percent, only for senior roles, Vice President level and above Tata Sons and the group companies are exploring 15-20% salary cuts for the senior management to optimize costs as the coronavirus outbreak hits businesses across the group. The decision was taken at the Tata Sons’ board meeting […]
Insurance Regulatory and Development Authority of India (IRDAI) has issued guidelines for the general insurer and health insurers on the handling of claims reported under coronavirus. Where coverage is granted for the treatment of hospitalization expenses, in order to alleviate the hardships that may be caused to the policyholders, all claims reported under coronavirus shall be handled as […]
The survey conducted by Telangana Information Technology Association (TITA) revealed that Work from home in the IT sector due to ongoing Covid-19 pandemic is strengthening the family bonding as the techies are spending more time with the family. The survey, which had a sample size of 500 people (43 percent were women) across 150 projects […]
Despite Covid-19, IT major Infosys says that it will go to college campuses for the hiring of freshers According to a Business Standard report, Infosys did not reveal the numbers of freshers it will offer jobs this year, but it may be around the same of last financial year. The company had made 18,000 job offers in the last financial year. Infosys to […]
According to a report by Genius Consultants, India is set to lose around 130 million jobs in the midst of the Covid-19 crisis. In which 40 percent would be from the blue-collar domain. Major job losses, according to the report will be in sectors like aviation, automobile, travel and tourism, food, entertainment, and to […]
Shoppers Stop, an Indian department store chain, owned by the K Raheja Corp lays off more than 1,100 employees and closing some of the underperforming stores due to the Covid-19 pandemic and national lockdown. The company has 7,500 employees, and nearly 15% of total staff strength, mostly junior and mid-level staff have been asked to resign […]
According to the ET report, JCB India, India’s largest construction equipment major has laid off almost 400 permanent employees as part of its rationalization of workforce citing falling business volumes as well as the COVID-19 pandemic. The company said in a statement, “The retrenchment includes 80 to 90 persons ranging from a DGM till Vice […]
