Tag Archives: ceo

Wipro’s benched staff receive pay cuts

Wipro’s benched staff receive pay cuts. In an extended bench period, the employees who are put on the bench will be on the loss of pay. This extended period will last for 3 months The company says that these employees … Continue reading

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Rent-free stay for residents who lost jobs: ZoloStays

ZoloStays announces rent-free stay for residents who lost jobs. The co-living space provider announces this to all of its residents who had lost jobs due to the corona epidemic. Also, this is applicable for its previous residents who stayed at … Continue reading

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Wipro plans to adopt new work from home model

After TCS and IBM, now Wipro plans to adopt new work from home model. The Wipro chairman announces that the company will come out strong from the COVID impact. Next month, Wipro is set to welcome its new CEO. The … Continue reading

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Infosys’s 33% staff to WFH permanently in the future

Infosys says that 33% of its staff will WFH permanently, in the future. Once the situation improves, 50% of its employees will start coming to offices. Rest of all will continue to work from home Gradually, Infosys looks to maintain … Continue reading

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‘Marginal impact on Profits’ for Infosys due to the impact of COVID19. Salary of CEO at $6.15 million

Infosys has recently said that the business has been marginally impacted on profits due to the impact of coronavirus. It was also stated that the cash flows negatively for them, currently. According to the latest reports, the CEO drew a … Continue reading

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15% of employees to return to Offices for Infosys, as part of the second phase

This week, Infosys had planned a second phase of resuming its operations. As part of this second phase, 15% of its employees will be returning to offices. Recently, the government also had eased the restrictions in the country which led … Continue reading

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Revenue losses at OLA lead to 1400 job cuts

OLA cabs had announced the layoffs of 1400 employees from its total workforce. The laid-off employees received emails from CEO, Mr.Bhavish Agarwal on Wednesday morning The e-mail says that all the people at OLA have expected this crisis to be … Continue reading

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Salaries are cut and increments are canceled by Tech Mahindra. But jobs are safe

One of India’s biggest IT service provider Tech Mahindra has released a statement saying that due to the corona lockdown all the promotions and bonuses are put on hold for now. This is due to the lack of revenue since … Continue reading

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US Staff at Oyo is sent on temporary leave. Indian jobs might be safe.

OYO, the Indian hotel chain has promised its employees that there will be no layoffs in India even though the situation is not good due to the corona spread. Unline in India, the staff in the US and other countries … Continue reading

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52% of CEOs expect job losses: CII Snap Poll

With the widespread of the COVID19, the country’s economy has been hit very hard. Most of the firms have seen revenue declining, and job losses as well according to a CII CEOs Snap Poll. Around 200 CEOs have participated in … Continue reading

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