Tag: Economic Slowdown
900 laid off at Xiaomi amidst revenue drop
Xiaomi, the Chinese smartphone manufacturer, has laid off about 900 people, affecting about three per cent of its over-32,000-strong workforce. The reason is the...
Ban on layoffs in Argentina to end in December
Due to the economic slowdown resulting from the pandemic-induced mobility restrictions and lockdowns, the Government of Argentina had brought into effect two measures —...
Few things employees should do during an economic slowdown
Thousands of jobs have disappeared in a flash as employees are being laid off in auto, textile and now even in the FMCG sector....
Enhanced payment transparency obligations for employers: Report
The European Parliament and Council, has passed a directive aimed at enhancing the implementation of the equal pay principle for men and women. The...
Latest
Is Rolls-Royce preparing to lay off 30% of workforce?
Rolls-Royce is undergoing a streamlining exercise to increase efficiency. The process will involve some transformation and important changes in the structure / management.
With consultants...
Mensa Brands implements workforce reduction amidst business slowdown
Mensa Brands, the roll-up e-commerce company founded by former Myntra CEO Ananth Narayanan, has recently terminated over 200 employees across various divisions, with India...
Over 1,000 openings at Flydubai
Gone are the days when airlines were laying off staff left, right and centre with flights grounded, borders closed and people confined to their...
Wipro chairman has opted to reduce his pay by 50%
Rishad Premji, chairman, Wipro, one of the leading IT companies, has made a significant decision to voluntarily slash his remuneration by nearly 50 percent...
DIALOGUE
Data analytics and not technology will redefine HR
Q. How satisfying has been your professional journey of 39 years?
A. It has been a bagful of mixed experiences. At times I have been...
EQ, IQ & empathy define the success of a CEO
Q. You spent 16 years at LIC before moving to a corporate role at ICICI Prudential. Now, 22 years on, I am still curious...
“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....
