Tag: losses
Is Swiggy preparing to lay off employees?
In addition to losses, Swiggy, the food-delivery platform has been grabbing headlines for the ongoing strike by its employees in Kochi. Now, according to...
Jaguar Land Rover to hire those let go by Meta, Twitter
Jaguar Land Rover (JLR) is looking out for talent in the areas of artificial intelligence, machine learning, data science, as well as autonomous driving,...
Philips to let go 4,000 employees
Philips is planning to cut five per cent of its workforce, globally. That means, about 4,000 employees will be asked to leave. The tech...
SpiceJet deposits TDS of employees
SpiceJet has reportedly deposited the tax deducted at source (TDS) of all its employees for the financial year 2021-22. The employees have been told...
Is SoftBank laying off 30% of Vision Fund team?
The investment division of SoftBank, the Vision Fund, is reportedly being downsized. About 150 people from the 500-strong team may lose their jobs reported...
Salary of OYO founder goes up 250%
While OYO, the hospitality services platform had cut down on bonuses and even salaries, its financial reports show that the CEO’s salary had risen...
Is SpiceJet not depositing PF in staff accounts?
SpiceJet is reportedly not depositing the provident fund (PF) in the accounts of its employees. It is alleged that the Airline has defaulted on...
Delay in salary disbursal at SpiceJet yet again
For the second straight month, SpiceJet employees haven’t received their salaries on time.
It is reported that many employees, including flight crew haven’t received their...
Snapchat plans jobs cuts
Snapchat, the multimedia instant messaging app and service, is reportedly gearing up to reduce headcount. Its parent company, Snap reported losses of almost $10...
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...
Strike at Bokaro Steel Plant for pay revision
For the second time in about three months, the workers at the Bokaro Steel Plant (BSL) halted work to demand pay revision, which has...
Heineken incurs losses, lays off 8,000
Heineken, the Dutch brewing company, will be asking about 8,000 employees to leave after having posted net loss of $247 million in 2020. It...
Adidas may sell Reebok, thousands of jobs at risk
A decision is yet to be taken regarding whether to sell Reebok or not, but Adidas is reportedly considering it. The subsidiary, which was...
5,000 more may be laid off at Thyssenkrupp
Following huge losses, of up to €1.6 billion ($ 1.9 billion), the German multinational, Thyssenkrupp, is considering laying off 5,000 more people from its...
Shell to slash 9,000 jobs, shift to low-carbon energy
Royal Dutch Shell is set to slash about 7,000 to 9,000 jobs by 2022, that is more than 10 per cent of its workforce,...
Tata Motors to lay off 1,100 at JLR unit
Tata Motors is planning to lay off 1,100 temporary employees at its luxury Jaguar Land Rover (JLR) unit, in pursuit of a target of...
HSBC announces 35,000 job cuts as profit falls in 2019
Europe’s largest bank, HSBC, has reported a 33 per cent fall in 2019 pre-tax profit, to $13.35 billion after it took goodwill impairment of...
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...
BSNL staff receive August salaries
Bharat Sanchar Nigam (BSNL) as well as Mahanagar Telephone Nigam (MTNL) have been incurring losses for some time now. As a result, the two...
Uber incurs losses, stops hiring in the US temporarily
Hiring for software and services has been temporarily frozen at Uber Technologies, for the US and Canada operations, in the face of growing losses.
The...
Maruti Suzuki trims workforce, lays off 1,000 temp workers
In an attempt to cut costs and tackle the slowdown that has hit the automobile industry, Maruti Suzuki India has laid off more than...
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....
BSNL cuts costs, freezes employee benefits, plans to offer VRS
Bharat Sanchar Nigam Limited (BSNL), the State-owned telecommunications company, which has been reporting losses since 2016, is taking severe measures to cut costs in...