Tag: severance package
Elon Musk issues apology over low severance packages
In an email sent to his employees,Elon Musk, CEO, Tesla, has formally apologised for what he termed as "incorrectly low" severance packages. This comes...
Pristyn Care announces workforce reductions
Pristyn Care, a surgery-focused hospital chain, has implemented a workforce reduction of seven per cent. The decision is said to be a part of...
Google’s ongoing job cuts: Over $700 million spent on employee severance...
Google's layoffs continue, with the tech giant already spending $700 million in severance charges this year after axing over 1,000 roles. This follows the...
Nielsen trims global workforce by 9%
In a bid to secure financial stability, Nielsen has announced workforce reduction. The company will reduce headcount by 9 per cent, globally. The company...
Google cuts severance pay; approved medical and maternity leaves also affected
After letting go of 12,000 staff members in January, Google may cut severance pay along with declining to honour several other leaves. As reported...
Ford India strikes final settlement deal with unions
Ford India has decided on a final severance package for its employees following the closure of its plant in Tamil Nadu.
Earlier this month, it...
Ford India workers call off strike, factory operates on single shift
The workers at Ford India’s Chennai plant, who have been on strike since 30 May, demanding a better severance package, have called off the...
Ford India workers unhappy with severance package, demand higher compensation
About 2000 protesting workers, of Ford's Chennai plant, who were eagerly awaiting the announcement regarding their severance package, were disappointed with what was offered...
Laid off Ford India workers demand severance package
Since Monday, about 2000 workers at the Maraimalainagar plant of Ford India, in Chennai, are on a sit-in and sit-out protest. These laid off...
2 years’ salary as severance package to retiring CEO
Dave Wichmann, the CEO of UnitedHealth Group, who retired last week, after serving in the Company for over two decades, will be paid two...
Former McDonald’s CEO accused of covering up and lying
Nine months after Steve Easterbrook was ousted from McDonald’s, the former CEO of the fast-food chain has been accused of covering up his misdeeds...
Pfizer announces severance package for staff of Chennai, Aurangabad
Pfizer, the pharmaceutical company, has announced the job severance package for the employees of its Chennai and Aurangabad units, which are set to close...
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...
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...
Latest
Toshiba to let go 5000 in Japan
Toshiba is contemplating a significant downsizing of its workforce in Japan, eyeing a reduction of about 5,000 positions. The move is said to affect...
Google terminates 28 employees over Israel protests
Google terminated 28 employees following protests staged by a small group of Alphabet workers against the tech giant's collaboration with Israel. The protests, which...
V2 Retail to hire 1500+ employees; eyes market growth
V2 Retail, an Indian retail company, has unveiled an ambitious roadmap for expansion, signalling its intent to recruit over 1500 professionals across various domains....
10% of Brevan Howard Asset Management to be laid off
Brevan Howard Asset Management is all set to reduce its workforce by a 100 people. This is part of a cost-cutting exercise at the...
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....
