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Salary Cuts: HR News, Trends & Workplace Insights

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

Updated on: Sep 2023
Ambani-backed startup Dunzo is unable to pay salaries again
Compensation

Ambani-backed startup Dunzo is unable to pay salaries again

Sep 1, 2023

Dunzo will pay yearly interest on deferred salaries

An all-in-one X delivery platform,nbspDunzo has promised its employees to pay yearly intere...

Compensation
Jul 28, 2023
Dunzo will pay yearly interest on deferred salaries

Staff unpaid for months, startup rents Taj Land room for Kday

According to Inc reports, Broker Network has burnt over INR Cr in less than months. Additi...

Industry
Jun 6, 2023
Staff unpaid for months, startup rents Taj Land room for Kday

Infosys CEO Salil Parekhs salary drops by Report

According to a report of Business Today, Infosys CEO Salil Parekhs total salary has been redu...

Compensation
Jun 5, 2023
Infosys CEO Salil Parekhs salary drops by Report
HCLTech changes its HR policy, impact on salaries, NITES in action
Compensation

HCLTech changes its HR policy, impact on salaries, NITES in action

An Indian multinational information technology services provider company, HCLTech has recently changed its HR policy related to employee compensation. The company has revised its Engagement Performance Bonus (EPB) a performance-linked variable pay. EPB is a part of the variable pay of the employees. The company has now decided to pay EPB on a quarterly basis instead […]

Jun 2, 2023
Rishad Premji Wipro’s executive chairman takes half salary in FY23
Compensation

Rishad Premji Wipro’s executive chairman takes half salary in FY23

A multinational corporation that provides information technology, consultant, and business process services, Wipro Chairman Rishad Premji has taken a 50 percent voluntary cut in his salary for the fiscal year 2023.  Rishad Premji will receive $951,353 in total annual compensation in FY23. This is almost 50 per cent of FY22, his total compensation in FY22 […]

May 25, 2023
Rendezvous with Dave Ulrich on Layoffs and Global Recession
Thought Leader

Rendezvous with Dave Ulrich on Layoffs and Global Recession

Rendezvous with Father of Modern HR, Dave Ulrich on Layoffs and Global Recession Dave Ulrich is the Rensis Likert Professor of Business at the Ross School, University of Michigan, and a partner at the RBL Group a consulting firm focused on helping organizations and leaders deliver value.  The father of Modern HR, Dave has published over […]

Apr 25, 2023
Wipro imposes test, after slashing salaries by 50% for freshers
Industry

Wipro imposes test, after slashing salaries by 50% for freshers

Earlier, an Indian multinational corporation, Wipro reduced the fresher employees’ salary by 50 percent from Rs 6.5 lakh to Rs 3.5 lakh per annum. Wipro provides training to freshers employees. This gives an opportunity to the Elite fresher candidate to upgrade to the ‘Turbo’ category. This also upgrades the salary package of employees. The company […]

Apr 20, 2023
Meta may lower bonus payments of some employees
Compensation

Meta may lower bonus payments of some employees

According to the reports, Facebook owner Meta will be lowering bonus payments for some employees. The bonus multiplier for that grade has been cut to 65% from 85% earlier. Chief Executive Mark Zuckerberg earlier in February declared 2023 the “year of efficiency.” Following the footsteps, the company will also restart assessing staff performance twice a year. The reports […]

Mar 29, 2023
Amazon is likely to cut salaries of some employees by 50%
Compensation

Amazon is likely to cut salaries of some employees by 50%

According to Business Insider reports, an American multinational technology company, Amazon corporate is likely to cut the salary of some employees by 50 percent. Amazon Chief Executive Andy Jassy said, “The result is that compensations are impacted. And that is difficult. All of that is difficult.” “But I am quite optimistic that we have the chance […]

Feb 23, 2023
Wipro cuts freshers’ pay by 50% amid onboarding delays
Compensation

Wipro cuts freshers’ pay by 50% amid onboarding delays

An Indian multinational corporation, Wipro has reduced the employee’s salary by 50 percent from Rs 6.5 lakh to Rs 3.5 lakh per annum. Wipro provides training to freshers employees. This gives an opportunity to the Elite fresher candidate to upgrade to the ‘Turbo’ category. This also upgrades the salary package of employees. Now, As per […]

Feb 21, 2023
Deutsche Bank to cut bonuses of employees misusing WhatsApp
Compensation

Deutsche Bank to cut bonuses of employees misusing WhatsApp

According to Bloomberg reports, A German multinational investment bank and financial services company, Deutsche Bank, announced that the bank will cut bonuses for staff misusing WhatsApp messaging services for business communications. Currently, Deutsche Bank said in a statement, “We have a consequence management framework in place.” “Depending on the quantity and quality of violations this will also […]

Feb 16, 2023
Senior executives, some pilots, and cabin crew left Jet Airways
Industry

Senior executives, some pilots, and cabin crew left Jet Airways

In an Indian airline, Jet Airways, some of its senior management executives, pilots, and cabin crew left the airline on December 26. As per the reports, the pilots and cabin crew that have exited from the airline many of them were on standby. They have quitted Jet Airways to join other airlines. Among the senior […]

Dec 27, 2022