SightsIn Plus Logo

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: Oct 2020
Salary cuts are getting rolled back, getting back to Normal?
Jobs

Salary cuts are getting rolled back, getting back to Normal?

Oct 27, 2020

MakeMyTrip restores salaries as business starts to revive

MakeMyTrip restores salaries as business starts to revive gradually MakeMyTrip, a leading online tra...

Jobs
Jul 24, 2020
MakeMyTrip restores salaries as business starts to revive

Zomato re-instated salary cuts, paying back all deductions

Online Food delivery app Zomato re-instated salary cuts, paying back all deductions Online Food deli...

Industry
Jul 11, 2020
Zomato re-instated salary cuts, paying back all deductions

Tata Group initiates salary cuts by -, Report

The salary cuts at Tata Group, approximately - percent, only for senior roles, Vice President le...

Coronavirus
Jun 17, 2020
Tata Group initiates salary cuts by -, Report
Consulting firms defer salaries and promotions, Partners take pay cuts
Coronavirus

Consulting firms defer salaries and promotions, Partners take pay cuts

Consulting firms Deloitte, KPMG, PwC, EY defer salaries and promotions, Partners take pay cuts The Indian arms of the four large consulting and auditing firms, PwC India, Deloitte India, KPMG, and EY India have all decided to defer their employee appraisal cycles, which includes deferring promotions and bonuses, because of the COVID pandemic- CNBC reports. […]

Jun 12, 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
HCL to pay bonuses, no pay cuts, honour existing offers
Coronavirus

HCL to pay bonuses, no pay cuts, honour existing offers

IT firm, HCL has emphatically declared that despite the slowdown, and the economic impact of coronavirus, they will pay all promised bonuses all 150,000 employees, will honour the nearly 15,000 job offers already made to freshers, and no salary cuts for any employee. Apparao VV, Chief Human Resources Officer, HCL said that HCL won’t roll […]

May 22, 2020
Pune Labour Office has issued notice to Tech Mahindra
Industrial Relations

Pune Labour Office has issued notice to Tech Mahindra

Tech Mahindra gets labour department notice over alleged complaints of salary cuts Pune’s Labour Office has issued a notice to Tech Mahindra Ltd. on a complaint that the IT services firm had reduced the salaries of its employees to maintain “profitability” amid the Covid-19 pandemic. A similar notice was issued earlier this month to Wipro […]

May 11, 2020
GoAir defers and part-pay salaries to a majority of its staff
Coronavirus

GoAir defers and part-pay salaries to a majority of its staff

GoAir on Monday said it will defer and part-pay salaries to a majority of its staff because of revenue constraints due to the lockdown imposed to contain COVID-19 pandemic. In a joint letter, GoAir Chairman Nusli Wadia and MD Jeh Wadia wrote to employees informing that there is “no inflow of cash” due to suspended […]

May 5, 2020
Oyo furloughs some India employees, cuts fixed pay 25%
Coronavirus

Oyo furloughs some India employees, cuts fixed pay 25%

Oyo has asked some India employees to go on leave with limited benefits and cuts fixed pay of all by 25% Oyo on Wednesday asked some of its staff in India to go on leave with limited benefits from May 4 for four months, and also asked all employees in the country to accept a […]

Apr 22, 2020
TCS not to lay off employees, freezes salary hikes
Coronavirus

TCS not to lay off employees, freezes salary hikes

MUMBAI:Largest Indian software exporter TCS on Thursday said it will not retrench any of its nearly 4.5 lakh employees, but has decided not to give any salary hikes this year. The Tata group company said it will honour each of its commitments on new hires by taking all the 40,000 people who have been given offers […]

Apr 17, 2020
SpiceJet cuts March salary for all employees
Coronavirus

SpiceJet cuts March salary for all employees

Calling the pandemic an “unprecedented crisis,” SpiceJet has announced a 10-30% cut in March salary for all employees. All employees in the middle and top-level will take a pay cut even as the budget carrier assured that those in the lowest pay grades will remain unaffected. SpiceJet’s announcement of salary cut comes days after rivals IndiGo and GoAir declare similar salary […]

Apr 1, 2020