Tag: IPO
Is Zomato laying off 4% of its workforce to cut costs?
Zomato, the online food-delivery platform is reportedly set to reduce its about 3,800-strong workforce by four per cent. That means, at least a 100...
Unacademy resorts to cost-cutting measures before IPO
Unacademy, the edtech unicorn, is taking measures to cut costs and focus on profitability. As part of the exercise, its founders and senior management...
Rohit Thakur, Paytm’s CHRO, quits
Paytm is seeking approval for its approaching IPO at a meeting, ahead of which it has witnessed major changes in its Board. Rohit Thakur,...
Vuram, GoAir to hire more people this year amidst return of...
IT company, Vuram, is gearing to take on 400 new hires in 2021, in line with the increasing demand for digitisation. Presently, the Company...
LIC employees not in favour of IPO
While, the government is planning to sell a part of its holding in the Life Insurance Corporation (LIC), the employees of the financial institution...
Rising costs force hospitality major OYO to increase layoffs
OYO Hotels and Homes is planning to increase the number of job cuts to 2000, that is, about 1500 more than what was planned...
Drivers suffer as Ola cuts losses by reducing expenses
Ola, the ride hailing company, has reduced its expenditure towards rewards and benefits for its drivers. The Company is preparing for an Initial Public...
Airbnb’s staff unable to cash in their company’s shares
The 6000 strong workforce of Airbnb has been trying to get the Company to go public. They have even approached the founders of the...
Uber’s first employee resigns from board
Ryan Graves, former VP-global operations at Uber, the American multinational transportation network company, has stepped down from the Company’s board of directors.
Interestingly, Uber very...
HR Firm Genius Consultants gets SEBI’s nod to float IPO
Genius Consultants’ IPO comprises fresh equity worth Rs 170 crore, besides, one million shares of promoter Rajendra Prasad Yadav.
Quess Corp IPO oversubscribed 144 times
The recruitment, staffing, payroll and compliance management services company — earlier known as Ikya Human Capital Solutions—was acquired by Thomas Cook in May, 2013.
HR firm Quess Corp to launch IPO
The company proposes to utilise the net proceeds of the issue for repayment of debt availed by the company, funding capital expenditure requirements and fresh acquisitions.
Employee strikes in European countries
On January 25, 2023, at Berlin Brandenburg Airport (BER), all passenger flights were canceled as airport staff walked out because of a dispute over...
Latest
GITPRO, FIIDS helping 2 lakh laid-off Indians in the US find jobs
Many Indian techies and IT professionals who have been rendered jobless in the recent layoff spree have become part of WhatsApp groups aimed at...
IBM misses cash target, axes 3,900 jobs
IBM is gearing to axe 3,900 jobs as part of an asset divestment exercise. The Company has been unable to achieve its cash target...
12,000 people to lose jobs at Alphabet, Google
Alphabet Inc., the parent company of Google, announced plans to reduce its workforce by 6 per cent. This means that around 12,000 people working...
Twitter has 2300 working employees, after mass layoffs
According to CNBC reports “Twitter’s full-time headcount has dwindled to approximately 1,300 active, working employees, including fewer than 550 full-time engineers by title. Around...
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...
