Tag: severance pay
Air India sets aside up to 200 crore worth severance pay...
Air India, a Tata Group-owned airline, is reportedly offering a voluntary retirement scheme (VRS) to almost 2,000 employees and has assigned up to Rs...
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...
Severance package costs $640 million for 18000 laid off amazon employees
Last month, Amazon laid off over 18,000 employees and, as a result, the company incurred a cost of $640 million in severance packages in...
Cutting 10,000 jobs; decisions are difficult, but necessary: Microsoft CEO
On January 18, 2023, Microsoft announced that it will be cutting 10,000 jobs by the end of the third quarter of 2023. In a...
Ex-employees will get severance pay: Twitter
On January 8, 2023, Twitter gave severance agreements to the ex-workers who left in November 2022.
In early November 2022, Twitter laid off almost half...
170 out of the 250 left at Twitter reportedly fired on...
Since Elon Musk acquired Twitter in late October of this year, it has been difficult for the company's employees. Days after the acquisition Musk...
Will Twitter deny severance pay to cut costs?
In a bid to cut costs, Twitter has reportedly not paid up the rent for its global offices and its San Francisco headquarters. The...
Accenture to offer 7-month severance pay
About four weeks ago, Accenture had decided to lay off about five per cent of its global workforce, which means about 10,000 employees in...