Tag: Pay Cut

Major pay cut for senior executives: Google

Google CEO Sundar Pichai has hinted at a major pay cut for senior executives following the recent termination of 12,000 employees. During a town...

Air India staff salaries to return to pre-Covid levels

There is good news for employees of Air India at last. Starting September, they will start getting the same salaries as they used to...

IndiGo pilots’ salaries will be restored to pre-COVID levels in 3...

The pilots at IndiGo can now look forward to their salaries — which were cut by up to 40 per cent for some, to...

Chhattisgarh MLAs’ pay hike invites protests by state govt staff

The government employees of Chattisgarh have been on a strike since 25 July 2022. They have been protesting against the salary hike that has...

Headmaster faces pay cut for not dressing like a teacher

The district magistrate of Lakhisarai, Bihar, ordered the salary of the headmaster of a high school in the district to be cut for turning...

‘Pay cut, loss of leave for latecomers’: Kerala government

The Government of Kerala is all set to link SPARK, short for Service and Payroll Administrative Repository for Kerala, to the biometric punching attendance...

IndiGo CEO admits salary raise remains a delicate & difficult issue

While IndiGo’s pilots have been expressing their discontentment at the low-cost carrier’s failure to restore their salaries, Ronojoy Dutta, CEO, IndiGo admits that the...

Vistara withdraws pay cut for some, continues for senior execs

Vistara, the Tata Sons and Singapore Airlines joint venture airline, has rolled back the pay cut imposed in 2020 for certain levels of employees....

Compensation restructuring, reduced salaries for remote workers

The pandemic has forced most companies to adopt remote working or the work-from-home (WFH) model for their employees. Many organisations have even adopted it...

Uttarakhand MLAs to face 30% pay cut

The Uttarakhand Assembly has passed the Bill to cut the salaries as well as the constituency and secretarial allowances of all the MLAs by...

Employees get option to relocate to smaller cities with pay cut

American financial services and SaaS company, Stripe is doling out $20,000 to its employees if they opt to relocate from Seattle, New York, San...

Singapore Airlines pilots prefer 60% pay cut to job loss

Pilots of Singapore Airlines are willing to take further pay cuts to remain employed. On September 18, an agreement was reached between Singapore Airlines...

NE-based Star Cement promises to bear COVID-related expenses of staff

Star Cement, major player in the cement manufacturing business in the North East, has adopted simple yet efficient measures, to ensure that its employees...

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...

Some TSRTC staff receive less than Rs 1000 after pay cut

The staff of the Telangana State Road Transport Corporation (TSRTC) are hugely disappointed by the heavy pay cuts imposed on them. Apparently, many have...

Up to 20% pay cut for Vistara staff till December

Vistara, the Indian full-service airline will impose a pay cut of five to 20 per cent from July 1 to December 31, 2020, for...

Maha govt staff to lose pay if they are absent from...

Following opening of all government offices in Maharashtra, with 10 or 10 per cent staff, whichever is more, all government staff have been told...

GVK Group slashes up to 30% salaries w.e.f May

GVK Group has slashed up to 30 per cent salaries of over 1800 employees across verticals. The Indian conglomerate dealing in energy, resources, airports,...

Pay, increments, compensation revisions deferred for Amara Raja Group staff

Amara Raja Group has announced that the salaries of the junior- and senior-management levels of its workforce will be deferred due to the economic...

First ever salary cut for Tata Group top management

N Chandrasekaran, chairman, Tata Sons, as well as the CEOs of the Tata Group’s companies will be taking a 20 per cent pay cut...

Hexaware fires 800, faces legal notice

Mumba-headquartered information technology (IT) firm, Hexaware Technologies, has laid off about 200 and 600 members of its staff at its Pune and Mumbai offices,...

Zomato to cut 520 jobs, 50% pay

Zomato, the online food-delivery startup and food aggregator has decided to lay off 13 per cent of its workforce, that is close to 520...

Labour Commissioner’s office issues notice to Tech Mahindra for reducing salaries

Following complaints from several employees, the National Information Technology Employees Senate (NITES) filed a formal complaint with the Labour Commissioner, alleging that Tech Mahindra...

50% salary cut for RIL staff, chairman to forego entire salary

Employees of Reliance Industries (RIL) will be taking pay cuts, just as so many other firms across the country that have adopted cost-cutting measures...

ATG leadership takes pay cut; revises variable pay plan

To keep pace with the state of the economy in the current times, the leadership at Alliance Tire Group (ATG), subsidiary of the Yokohama...

Govt’s salary-cut order in Kerala stayed by HC

The state government of Kerala had issued an order for six days’ salary of government employees to be deducted, for five months, to help...

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

Intel implements pay cuts; CEO to take 25% cut

It hasn’t been long since Intel announced the layoff of about 340 people in California. And now, it is reportedly resorting to pay cuts....

mCaffeine ropes in Neetha Thomas as head – people function

Neetha Thomas is head – people function, mCaffeine. Before joining the Indian caffeinated personal care brand, Thomas was vice president – human capital &...

Tasmac raises salary for its finance staff in Tamil Nadu

Tasmac has met the long-awaited request of assistant engineers (accounts) in the corporation by raising their annual increment from 1,250 to 2,500. This boost...

Did Elon Musk give away laptops to ex-employees?

In  recent months, Twitter has been undergoing frequent changes and updates, causing some instability. In the midst of this, Individuals who were laid off...

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...