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...

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

WEF recognises Tata Steel as Global DE&I Lighthouse 2023

Tata Steel has been recognised for advancing intersectional gender diversity for employees and students, by the World Economic Forum (WEF). Because of its inclusive...

Aparna Dhingra gets regional role at BMW

Aparna Dhingra has been promoted to head of region (HR) - Asia Pacific, Africa, Middle East, BMW Group after spending six years at BMW...

Walmart to increase minimum employee wage for its hourly employees

On Tuesday, Walmart announced that it will increase pay for its hourly employees, showing that there is still a high demand for front-line workers...

Fintech giant BharatPe hiring product managers for cutting-edge projects

In a time when many tech companies are laying off employees, fintech platform BharatPe is bucking the trend by inviting applications for the role...

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...