IT firm, HCL has emphatically declared that despite the slowdown, and the economic impact of coronavirus, they will pay all promised bonuses all 150,000 employees, will honour the nearly 15,000 job offers already made to freshers, and no salary cuts for any employee.
Apparao VV, Chief Human Resources Officer, HCL said that HCL won’t roll back any promised bonuses and...
Indiabulls has asked nearly 2,000 employees to resign from the company. The Company, however, said this was part of the annual attrition cycle and claimed these were not lay-offs
The Financial Services Group Indiabulls, On May 15, the group's Indiabulls Housing Finance asked many of its employees to resign and consider May 31 as their last day. A few...
“Working from home? Oh! it’s a holiday for you”.
Many of us have heard this at different times, from family or friends. I for one, experienced this widely held belief within my social circle, whenever working from home was mentioned. This was of course, the Pre-COVID-19 world (as we knew it).
Fast forward to Mar 2020 and we witnessed the unprecedented....
TCS top management takes pay cut in financial year 2020 to conserve cash amid Covid-19
Tata Consultancy Services (TCS) has said in an annual report, Chief Executive Officer, Rajesh Gopinathan's remuneration shrank 16.5% to INR 13.3 crore in 2019-20 compared to the previous fiscal.
Gopinathan's pay package is 214.65 times the median salary of TCS. In 2018-19, Gopinathan had received a total...
Corporate entities and organizations strive hard to have a competitive edge in the global market by leveraging the latest technologies, adopting new strategies and methods to improve productivity. Organizations also aim at balancing the human component with the new elements that technology brings.
When it comes to skilling your organization’s workforce, whether it be a simple action or ritual that...
Sharechat has recently laid off about 101 employees or 25% of its staff as the ongoing coronavirus pandemic impacts ad revenues
According to an email sent to employees by Ankush Sachdeva, CEO of ShareChat, the advertisement market would remain unpredictable this year and the firm is streamlining its revenue teams to these new expectations.
“We have to focus on our core product and...
Ola has announced the plan to conduct a mass lay-off, affecting around 1,400 of its employees
The decision comes in light of the COVID-19 pandemic, which has resulted in lockdowns that have drastically affected the whole cab-aggregation business of the company.
In a company blog post written by the CEO Bhavish Aggarwal, the co-founder of Ola Cabs, made it clear the impact of the ongoing...
IKEA-backed home design and decor startup Livspace is laying off 15% of its workforce as the Covid-19 pandemic and resultant nationwide lockdown hit its business.
The Bengaluru-based startup, Livspace Co-Founder and Chief Executive Officer Anuj Srivastava assured the impacted employees of severance pay along with an assistance package, as part of which every employee will receive a portion of their pay.
Livspace also announced that...
Infosys a global leader in next-generation digital services and consulting, on 19 May announced that it is partnering with the State of Rhode Island in launching a privacy-first contact tracing solution to help Rhode Islanders and state officials slow the spread of coronavirus throughout the state. This is part of the state’s effort to safely reopen businesses while reducing occurrences...
Businesses in current times operative in a very volatile environment. Changing the technology landscape, competition from new industry segments, regulatory changes & political events impact businesses in more than one way. These changes place their own unique demands not only on leadership but also on the entire workforce.
These changes are not only impacting the way work is done but also...