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An Indian multinational information technology services and consulting company, Tata Consultancy Ser...
An information technology services and consulting company, HCLTech will be providing percent of i...
Earlier, an Indian multinational corporation, Wipro reduced the fresher employees salary by ...
An American multinational information technology services and consulting company, Cognizant has announced the third hike in 18 months for its employees. The salary hike is a part of the ‘two-merit cycles’ in a year a one-time measure announced by the company in November 2022. This was announced by the company to arrest the rising attrition. […]
The e-commerce technology company, Amazon has recently announced to sack more than 100 employees from its gaming division. The company is ongoing efforts to restructure and streamline its operations resulting in layoffs. The company’s Games VP Christoph Hartmann wrote a memo to staff and informed them about the job cuts. Christoph Hartmann wrote, “After evaluating […]
According to a Livemint report, the flag carrier airline of India, Tata group-owned Air India will be revising the salary of staff and it is expected the salary hike to be nearly 8-10%. It is expected that the shortage of pilots is the key reason behind the decision to raise salaries. There has been a […]
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 […]
According to TOI report, EVP and Group HR Head Krish Shankar, Infosys has said that freshers in the company today get promoted much faster and get substantially higher jumps in salaries than a few years ago. Responding to fresher salaries in the IT industry having stagnated at about Rs 3.5 lakh per annum for years, […]
Recently, An Indian multinational corporation, Wipro rolled out a revised offer letter for recruits awaiting onboarding at the company for over 12 months. The company has reduced the employee’s salary by 50 percent from Rs 6.5 lakh to Rs 3.5 lakh per annum. The company said in an email to candidates, “Like others in our industry, […]
An Indian fintech company, CRED Chief Executive Officer (CEO) Kunal Shah took to Instagram to hold an ‘Ask Me Anything’ session. In the ‘Ask Me Anything’ session, Kunal Shah revealed his monthly salary. He stated that his salary is Rs 15,000 per month and he also provides a reason for it. Kunal Shah wrote on […]
In mid of the layoff wave, Walmart-owned e-commerce giant, Flipkart will not give salary hikes to its nearly 4500 senior employees this year. Flipkart will be providing an annual increment of salaries to only 70 percent of its employees. The company is not providing increments for the top 30% of employees due to the current […]
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 […]
An American multinational investment bank and financial services corporation, Citigroup Chief Executive Officer (CEO) Jane Fraser will receive a salary hike of 9%. Jane Fraser has been associated with Citigroup since July 2004. She joined the group as a Head of Client Strategy. According to Bloomberg reports, The pay has increased from $22.5 million in 2021 to […]
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 […]
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 […]
