Tag: cut costs

Will KSRTC lay off 5,000 to cut costs?

The Kerala State Road Transport Corporation (KSRTC) has been considering getting rid of excess staff from across departments, as it lacks the financial strength...

Uttarakhand govt cuts costs, cancels increments and promotions  

As part of cost-cutting measures, the Uttarakhand government has slashed increments of its staff for the ongoing fiscal year and frozen all fresh recruitments for the...

GE to freeze pensions to cut costs and debt

General Electric (GE) recently revealed its plans to freeze pensions for almost 20,000 salaried American employees and also take other necessary steps to reduce...

How layoffs can backfire

Layoffs are not really a strategy, but an option resorted to when a company is not doing well or in other words, when an...

Why a coaching culture and not any other culture?

“Would you tell me, please, which way I ought to go from here?” “That depends a good deal on where you want to get to,”...

Meta to cut costs, freeze hiring, restructure groups

Is Meta experiencing a crisis? That is the question uppermost in the minds of most people as the parent company of Facebook has announced...

Latest

Gratuity, leave encashment are components of salary: SC

According to the Supreme Court, gratuity and leave encashment are components of the salary. This ruling went against the argument of the advocate representing...

DGCA to hire at least 400 people

The Directorate General of Civil Aviation, which serves as India’s aviation watchdog, is running short of hands. Not having hired for over eight years...

Metro Cash & Carry’s Payal Nambiar joins Spinny as head-HR

Spinny, a full-stack used car marketplace, which recently turned unicorn, has appointed Payal Nambiar as its new head-HR, to spearhead the HR function. Talking...

A resume printed on a cake?

A job applicant in the US has taken innovation to another level by sending an edible resume to a prospective employer. Karly Pavlinac Blackburn,...

DIALOGUE

“The big change has been that we have moved from jobs to skills,” Amaresh...

Q. How would you define the culture at GE? A. Having been present in this region since 1902, GE has been around for 120 years....

“Being good to everyone is being unjust to performers,” Mathew Job, CEO, Crompton

Q. In today’s times, what’s more challenging for a CEO like you — profit & business growth, talent & people, diversification, compliance or managing...

“A CEO needs to acknowledge the silent majority who create the company’s fortunes” S...

Q. RPG is a diversified group with businesses spread across sectors and domains. however, its brands have a strong individual identity unlike other business...