Tag: financial crisis
Indian origin columnist steps down as cost cutting measure
Peter Bhatia will step down as editor and vice president of the Detroit Free Press in light of upcoming layoffs.
On December 23, a virtual...
Pay salaries on 5th of the month: HC tells KSRTC
On 21 June, the Kerala High Court ordered that the salaries of the employees of the Kerala State Road Transport Corporation (KSRTC) should be...
The trend of garbing layoffs as restructuring
There has been a trend for companies, be it small organisations or big, to lay off people in the name of restructuring. While companies...
OYO reverses pay cuts from Aug 1
Hospitality company, OYO, has decided to restore the full salaries of its employees in India and South Asia. While those earning a fixed salary...
50% salary cut for Trujet staff
Hyderabad-based airline, Trujet, has decided to cut 50 per cent of its employees’ salaries. The decision has been conveyed to the employees via an...
South African Airways in a hurry to cut jobs and reduce...
South African Airways (SAA) is planning to decrease its wage bill by cutting jobs as soon as possible. The state-owned airline had revealed in...
Real estate sector expected to witness heavy job loss
Over half a million direct jobs are expected to be lost in the real estate space in the near future, according to the National...
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....
No July salary for BSNL, MTNL staff
Both Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL), who have been undergoing a financial crisis, have been unable to pay the salaries...
Air India employee unions against sale of national carrier
The employees’ and officers’ unions of Air India expressed their displeasure at the Government's attempt to sell the cash-strapped national airline.
Ashwani Lohani, chairman, Air...
Jet Airways’ CEO, CFO, CHRO quit
Jet Airways stopped operating its airline business on 17 April, 2019. Several attempts were made by different bidders to salvage the situation, but none...
Pawan Hans holds back April salary of employees
Pawan Hans, the helicopter service company based in New Delhi, has been facing a financial crisis for some time now. An official circular recently...
Employees of BSNL awaiting February salaries
Bharat Sanchar Nigam (BSNL), the State-run telecom company, has not paid the February salaries to almost 1.76 lakh employees owing to a financial crisis....
Jet Airways seeks more time for September salary payment
Jet Airways has requested more time from its employees for payment of salaries for the month of September. However, it has assured the employees...
Google employees protest against mass layoffs
Google, the tech giant, recently fired approximately 12,000 employees in January, which resulted in protests from workers in both the US coasts. The workers...
Latest
Additional fines for violating worker safety regulations: Amazon
The U.S. Occupational Safety and Health Administration (OSHA) has issued citations to three Amazon warehouses for hazardous working conditions leading to serious worker injuries.
Inspectors...
Edtech unicorn, Physics Wallah, to expand team by 2500
Physics Wallah, the unicorn edtech firm is hiring at a time when other edtech firms are downsizing significantly. The Company intends to expand its...
Why global trends such as rage applying don’t take India by storm
Rage applying, the latest corporate trend, has taken Gen Z workers by storm. Similar to quiet quitting, rage applying started off as a TikTok...
1000s of employees protest for raising wage & regularisation demand: Punjab
On Sunday, a large group of state government employees, including contract, outsourced, and regular employees, gathered outside the Sangrur deputy commissioner's office to protest...
DIALOGUE
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....
“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...
