Tag: Salary Cut
47 workers laid off at OPEN; co-founders salaries cut in half
On April 20, 2023, OPEN, a neobank, announced that it had laid off 47 employees based on performance evaluations.
OPEN is actively recruiting for critical...
NMMC employees face salary cut, transfer for late arrival, irregular attendance
Post a surprise inspection, the Navi Mumbai Municipal Corporation (NMMC) ended up pulling up about 191 employees. While some had to face pay cut,...
SpiceJet defers 50% of April salary for staff
SpiceJet has deferred up to 50 per cent of the salary of a major part of its workforce, for the month of April, affecting...
$6 -$10 mn pay-cut for Goldman Sachs’ CEO, COO and CFO
David Solomon, CEO, Goldman Sachs saw his salary being cut last year, by $10 million to $17.5 million, in consultation with the board of...
KPMG employees seek compensation for loss of pay
Employees of KPMG want to be compensated for the 20 per cent pay cuts that were imposed on them in April, without any reduction...
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...
AirAsia pilots to take 40% pay cut for May and June
AirAsia India is imposing an average pay cut of 40 per cent on its pilots for the months of May and June. The cut...
TVS staff to take 5%-20% salary cuts for 6 months
Employees of TVS Motor Company, will be taking salary cuts, most of them voluntarily, from May to October, 2020. While the junior executives will...
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...
AP govt staff to face salary cut in April too
After witnessing salary deduction in March, the staff of the Andhra Pradesh government will be facing a salary cut in April too.
The earlier order...
IndiGo to impose up to 25% salary cuts from April 1
India’s budget carrier, IndiGo, has instituted pay cuts up to 25 per cent for all employees, starting from April 1, 2020. All employees will...
Cuts in salary for infrastructure development in Nagaland
The Government of Nagaland is planning to cut the salaries of its government employees to generate the funds required for development projects.
The people of...
A day off for 10 hours of overtime for Govt employees...
The Kerala government has decided to offer a day off to the government employees to compensate for 10 hours or more of overtime every...
Kochi Corporation employees risk losing salary for not fixing potholes
At a review meeting recently, the district collector of Kochi, Kerala, was addressing the issue of fixing the potholes on the roads. While doing...
Jet Airways withdraws plan for salary cut
Post media reports on salary cut, the Company’s image took a serious downturn and there were increased cases of cancellations.
How this energy company is championing employee inclusivity & engagement
In today’s competitive business landscape, fostering an inclusive and engaging work environment is not just a feel-good initiative; it’s a strategic imperative. Jakson Green,...
Trident’s Asmita leaves blossom into inclusive workplaces
Forget the tired trope of corporate activism. In the heart of India's textile industry, Trident, a manufacturing company, is quietly weaving a revolution in...
Harness.io: Cultivating a talent powerhouse in the tech crucible
The tech scene, be it in India or San Francisco, is equally crucible, fiercely competitive and unforgiving. In both the landscapes, attracting and retaining...
Engagement is outdated: The future of success lies in ‘employee involvement’
In the ever-evolving landscape of the contemporary workplace, a profound metamorphosis is underway, challenging the conventional emphasis on employee engagement. This paradigm shift posits...
Revolut to expand global team by 40% in 2024
Revolut, the UK-based challenger bank, has announced plans to bolster its workforce by 40 per cent in 2024. The aim is to reach approximately...
Latest
Accenture India introduces adoption-assistance programme
In a bid to support its employees' journeys into parenthood, Accenture in India has rolled out an adoption-assistance programme. Spearheaded by Lakshmi C, managing...
Freixenet to cut 80% roles
In a stark response to the relentless drought crippling Catalonia's Penedes region, Freixenet, the Spanish cava (wine) producer, unveils a drastic plan. The company...
Spotify’s layoff fallout: CEO admits challenges despite profits
Spotify, the music-streaming platform, made headlines last December when it executed its largest ever round of layoffs under the leadership of Daniel Ek, CEO,...
Kimbal Technologies names Jaya Suri as CHRO
Jaya Suri has joined Kimbal Technologies (formerly Crystal) as its chief human resource officer (CHRO). An alumna of IBM, Suri has completed her bachelor’s...
DIALOGUE
Data analytics and not technology will redefine HR
Q. How satisfying has been your professional journey of 39 years?
A. It has been a bagful of mixed experiences. At times I have been...
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....
