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IFFCO-Tokio General Insurance hires during the lockdown and rolled out annual increments Iffco T...
Despite the lockdown due to coronavirus pandemic, French car manufacturer, Renault India is giving a...
Cognizant has agreed to pay . million compensation to former employees for underpaid overtime hou...
After years of losses incurred from its Sahibabad factory in Uttar Pradesh, Atlas Cycles has decided to shut down the unit on 1 Jun 2020. After consideration of the above matter and detailed deliberations, the board of directors of the company has resolved to close the Sahibabad unit and the company informed the National Stock […]
Motilal Oswal Financial Services has announced the payment of bonuses and performance-linked variable pay to the entire 6,000-plus employees of the group. Sudhir Dhar, Executive Director – Group CHRO at Motilal Oswal Financial Services Ltd said, “It gives immense satisfaction and comfort that we’ve been able to announce the bonus and promotions even during this lockdown.” He also […]
Dixon Technologies plans to invest Rs 250 crore and hire 2,500 people in the next 8-9 months under Product Linked Incentive (PLI) Dixon Technologies plans to invest Rs 250 crore and hire 2,500 people in the next 8-9 months to expand operations to take advantage of the Product Linked Incentive (PLI) scheme. On April 1, the […]
GMR Group cuts employees’ salaries by up to 50% due to Covid-19, The reduction in compensation is maximum at the highest level. Battling against COVID-19 pandemic, diversified conglomerate GMR Group has revised downwards employees’ salaries by up to 50 percent with effect from May 2020. The reduction in compensation is maximum at the highest level. The Bengaluru-based […]
MakeMyTrip announced that it is laying off about 350 employees due to the global travel ban because of the COVID-19 pandemic. Gurugram based, online travel aggregator MakeMyTrip is laying off around 350 employees, or 10% of its workforce, citing business slowdown due to the global travel restrictions to combat the spread of COVID-19. Group Executive […]
Infosys to cut senior-level roles to flatten the structure in a staggered manner in order to ensure faster decision making and flatten the organization. According to a TOI report, Infosys would trim the workforce at senior levels of job level (JL) 7 and above as well as those in the ranks of delivery managers, AVPs, […]
After global firms like Uber, Airbnb, homegrown food delivery major, Zomato brings out a unique Talent Directory to help its laid-off employees find a new job. Talent Directory is a live list of the laid-off employees to assist the recruitment agencies, hiring managers to browse some of the talented individuals who have worked with Zomato through […]
Tata Steel has confirmed that it will honour all job offers made to new hires. The company has conducted online onboarding of 96 officers, including management trainees over the months of April and May. “We have ensured that all the candidates that accepted their offers for jobs were on-boarded on the date committed to them,” […]
Accenture has paid bonuses and given promotions to a large section of its employees The time when several industries have deferred or suspended pay hikes and promotions, IT and professional services company Accenture has paid bonuses and given promotions to a large section of its employees. According to an ET report, the payouts have been made over the past few weeks to more than […]
Deloitte to cut 5% of its US workforce amid a slowdown in business caused by the national shutdown in response to the coronavirus pandemic. Job cuts were announced in all-staff calls by the CEOs of the firm’s various divisions. Dan Helfrich, Chairman, and CEO – Deloitte Consulting said on Friday that the cuts will affect […]
Google has set July 6 the date for its employees to return to office in a gradual, phased manner and has announced to give $1,000 (around Rs 75,000) to each of its workers globally for expenses on necessary equipment and office furniture as they work from home. Alphabet and Google CEO Sundar Pichai said that […]
Consumer loan finance firm Home Credit India on Thursday said it has reduced its headcount by 1,800 employees due to slowdown caused by the COVID-19 crisis. “The unprecedented coronavirus pandemic has affected every aspect of our life. It has impacted each one of us, our families, our customers, partners and businesses. These trying circumstances have […]
