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The microblogging platform, Twitter has recently informed its employees that they would be receiving...
Overview Salary Increments in and forecast for India Inc offered the lowest ever salary i...
Salary cuts are getting rolled back, getting back to Normal? After reducing salaries owing to the pa...
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 […]
Online Food delivery app Zomato re-instated salary cuts, paying back all deductions Online Food delivery app Zomato said, We have re-instated any salary cuts that we rolled out to our employees since April. In fact, we are paying back all deductions made to people who faced mandatory salary cuts at Zomato. 3 – We have […]
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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
