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Pay Cuts: HR News, Trends & Workplace Insights

Latest Pay Cuts HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Pay Cuts.

Updated on: Dec 2022
Air India pilots union wants Chairmans heed on working conditions
Industry

Air India pilots union wants Chairmans heed on working conditions

Dec 22, 2022

Unacademy Cuts Down Unnecessary Expense To Focus On Profit

Edtech unicorn Unacademy has announced that it will be cutting down Unnecessary Expenses so that t...

Industry
Jul 12, 2022
Unacademy Cuts Down Unnecessary Expense To Focus On Profit

Qantas idles , more staff as COVID- cuts domestic flights

Qantas Airways is temporarily idling about , employees without pay for at least two months in a ...

Industry
Aug 3, 2021
Qantas idles , more staff as COVID- cuts domestic flights

Schindler to cut , jobs as a cost optimization program

Schindler reports lower revenue and profit for H announces cost optimization program On Frida...

Jobs
Jul 24, 2020
Schindler to cut , jobs as a cost optimization program
MakeMyTrip restores salaries as business starts to revive
Jobs

MakeMyTrip restores salaries as business starts to revive

MakeMyTrip restores salaries as business starts to revive gradually MakeMyTrip, a leading online travel company, has started restoring salaries of employees with a revival in business three months after announcing pay cuts, said Rajesh Magow Group CEO. According to an ET Report, MakeMyTrip said that following “a few weeks of business coming back,” the company decided […]

Jul 24, 2020
L&T board members take up to 53% pay cut in FY20
Coronavirus

L&T board members take up to 53% pay cut in FY20

Several board members of engineering and construction giant Larsen & Toubro took voluntarily steep pay cuts in their salary in FY20 due to the COVID-19 Pandemic and its adverse impact on business. L&T Chairman A M Naik took a 24 percent pay cut. L&T CEO and MD SN Subrahmanyan took a pay cut of 43.91 percent L&T CFO […]

Jul 21, 2020
IndiGo to lay off 10% of its workforce: CEO Ronojoy Dutta
Coronavirus

IndiGo to lay off 10% of its workforce: CEO Ronojoy Dutta

IndiGo, India’s private airlines, has announced today to lay off 10% of its workforce due to COVID-19 pandemic, CEO Ronojoy Dutta said. “From where things stand currently, it is impossible for our company to fly through this economic storm without making some sacrifices, in order to sustain our business operations,” Dutta said in a statement. […]

Jul 20, 2020
Tata Group initiates salary cuts by 15-20%, Report
Coronavirus

Tata Group initiates salary cuts by 15-20%, Report

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 […]

Jun 17, 2020
COVID-19: GMR Group cuts employees’ salaries up to 50%
Coronavirus

COVID-19: GMR Group cuts employees’ salaries up to 50%

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 […]

Jun 3, 2020
TVS Motor announces to cut staff salaries for six months
Coronavirus

TVS Motor announces to cut staff salaries for six months

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 […]

May 26, 2020
Tata Group top execs to take up to 20% salary cut
Coronavirus

Tata Group top execs to take up to 20% salary cut

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 […]

May 25, 2020
TCS top management takes pay cut as COVID-19 impact
Coronavirus

TCS top management takes pay cut as COVID-19 impact

TCS top management takes pay cut in financial year 2020 to conserve cash amid Covid-19 Tata Consultancy Services (TCS) has said in an annual report, Chief Executive Officer, Rajesh Gopinathan’s remuneration shrank 16.5% to INR 13.3 crore in 2019-20 compared to the previous fiscal. Gopinathan’s pay package is 214.65 times the median salary of TCS. In […]

May 21, 2020
Zomato to lay off 13% of the workforce
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