Tag Archives: loss

11000 employees resigned from top Indian companies in the last 90 days

Due to the impact of COVID, 11000 employees resigned from top Indian companies in the last 90 days. This is the first in recent times when the employee count of these top companies reduce drastically Although, these companies are hopeful … Continue reading

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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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5 big companies in the country have slashed around 4400 jobs in the last month

In the consumer market space, in the last month only, five major companies have cut over 4000 jobs. This is mostly due to the lack of business during the spread of COVID and lack of demand as well Recently, on … 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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Sidelining of irrelevant projects, a shutdown of offices, and some more layoffs at UBER

Not so long ago, in the past period, UBER was more ambitious and clear about what they want to achieve in the industry. At Uber, the main goal was to introduce the self-driving revolution in the world. The situation has … Continue reading

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Now its Tech Mahindra. Pune Labor Commission has sent a notice to Tech Mahindra for imposing salary cuts

Pune’s Tech Mahindra has received a notice from the Pune Labor Commissioner’s office after an IT employee welfare organization has filed a complaint against Tech Mahindra over the reduction of salaries to its employees. The complaint has been filed by … 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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