How a young civil engineer's dreams came crashing down when his employer asked him to leave because of his ill health.
Rakesh Jain (name changed), an IT sector employee who was laid off by his employer has started his own freelance work and is earning the same amount as he did in his last job.
Optical storage device maker Moser Baer on Tuesday said it has no plans to lay off workers following the current slowdown, which hit the company's bottom line last quarter.
Shubman's stress fracture in shin could take minimum two months to heal
At a time when the tech sector witnessed a spree of layoffs and slowdown in new hiring, IT firms have opted for temporary jobs in order to turn some their fixed costs variable. Work fulfillment platform Awign has reported a 157 per cent rise in demand for such jobs in first half of 2023. Awign says most of the demand has arisen for highly-skilled tech professionals at mid-level and senior positions with 2-7 years' experience.
Internet search giant Google announced its largest layoff, saying it will cut 300 of DoubleClick's 1,200 employees, the online advertising company it acquired last month for $ 3.2 billion. Google said about a quarter of the company's employees will exit this week, and others will move into 'transitional positions' until the two companies are fully merged. Google also plans to sell a DoubleClick unit, Performics, which helps websites improve rankings on Google's search engine.
Satwiksairaj Rankireddy and Chirag Shetty cruised into the quarter-finals of the French Open Super 750 badminton tournament in Paris.
Matheesha Pathirana's exceptional bowling performance emerged as the game-changer.
IMAGES from Day 5 of the Wimbledon Championships, at the All England Lawn Tennis and Croquet Club, London, on Friday.
Venus Williams' return to action following a five-month injury layoff ended in defeat.
Arjun Mohan, CEO of India operations of Think and Learn, which owns Byju's brand, has resigned from the beleaguered firm, which on Monday also announced a business rejig consolidating its operations into three verticals. Mohan had joined Byju's in July last year as the CEO for international business after quitting rival UpGrad in February as CEO. Later, he was given charge of India operations in September after Byju's then CEO Mrinal Mohit resigned. After taking over the charge, Mohan undertook restructuring of the organisation which led to layoffs of around 4,000 employees at Byju's.
IT industry always looks for talent with right technical capability, says Gopalakrishnan
Economic experts fear massive layoffs in various sectors of the American economy due to the current economic distress that is only going to deteriorate in the coming months. A record 3.3 million Americans have filed initial jobless claims for the week ending March 21. Even as the peak of coronavirus in the US is two weeks away, millions of people in the country have lost their jobs.
Roger Federer believes his six-month absence due to a knee injury could help prolong his playing career, with the 17-times Grand Slam winner saying he has enjoyed the break.
The layoffs have been done in businesses which are moving slowly due to various reasons including delayed execution
For DC, the onus will be on Prithvi Shaw and veteran Australian David Warner to provide a solid start.
HS Prannoy, who occupies the 8th spot, is the best ranked Indian in the men's singles while Lakshya Sen and Kidambi Srikanth are placed 19th and 20th respectively.
English champions Manchester United will start the new season without Dutch goalkeeper Edwin van der Sar, who faces an eight-week layoff with a broken finger.
Indian women shuttlers' progressed to their first-ever final at the Badminton Asia Team Championships after edging out two-time former champions Japan 3-2.
In 2024 so far, 20 startups have already visited the campus with 80 placements.
Amid layoffs and a severe cost-cutting, Twitter has closed offices in Delhi and Mumbai and asked staff to work from home, according to sources. The micro-blogging platform's Bengaluru office that largely has engineering staff remains operational, the sources said. The Delhi and Mumbai offices shuttered a few weeks ago, with remaining staff now working from home, sources privy to the matter said.
'India has been cleaved into two by a government that has shown amazing consistency in cleaving.' 'One India is gasping for life, and the other is doing yoga and clapping from balconies and WhatsApp groups,' observes Debashish Chatterjee.
India's largest edtech firm Byju's will fire 1,000 employees in a fresh round of layoffs across departments. With the latest round, total job cuts at the company have mounted to around 3,500. According to sources, fresh job cuts are an attempt by the company to improve its finances and work towards a path to profitability.
Kidambi Srikanth, Priyanshu Rajawat and Kiran George won their respective men's singles round-of 16 matches to advance to the quarterfinals late on Thursday night.
On a surprise visit to Beijing amid speculation that he may unveil Tesla's autonomous driving technology in the burgeoning electric vehicle (EV) market in China, billionaire Elon Musk on Sunday met Chinese Premier Li Qiang and discussed future expansion plans for his automobile.
Facebook's parent company Meta announced on Tuesday it will fire another 10,000 people, implementing a second round of jobs cuts after it slashed 11,000 positions in November last year, to improve its financial performance in a "difficult environment". Meta founder Mark Zuckerberg said in a post that overall "we expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven't yet hired." The company has said that in its "Year of Efficiency", the company aims to make itself "a better technology company and to improve our financial performance in a difficult environment so we can execute our long-term vision."
Rediff reader Stephen J, 50 from Chennai reveals how his life changed after he was fired from his job.
Food delivery major Swiggy has received approval from its shareholders for a $1.25 billion initial public offering (IPO), according to filings made with the Registrar of Companies sourced by Tofler. The Bengaluru-based firm plans to raise as much as Rs 3,750 crore (around $450 million) via a fresh issue and up to Rs 6,664 crore (around $800 million) through an offer-for-sale (OFS) component, the filings stated.
Layoffs, corporate restructuring, governance and most importantly profitability: The 14 Indian startups that plan IPOs this year are pulling out all the stops to ensure successful market debuts.
Companies announced plans to reduce payrolls by only 42,090 last month, 77 per cent lower than 1,86,350 job cuts announced in February 2009, according to a job cut report by global outplacement consultancy Challenger, Gray & Christmas.
Rafael Nadal continued his impressive return from a long injury layoff with a 6-1 6-2 demolition of wildcard Jason Kubler to reach the quarter-finals at the Brisbane International on Thursday ahead of this month's Australian Open.
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According to industry body Society of Indian Automobile Manufacturers and Automotive Component Manufacturers Association of India, with demand continuing to be low and factories not operating at full scale, this may lead to temporary excess overheads.
'He cannot avoid the urgently needed medical attention any longer.'
KKR's most successful leader Gautam Gambhir is back in his second innings as a mentor. His partnership with head coach Chandrakant Pandit, a shrewd tactician in domestic circuit, will be the key to their revival.
Chhetri's record against the neighbours is quite impressive, scoring four goals in eight matches including a spectacular strike from a free kick in Kolkata in 2022.
'I was so close to winning a Grand Slam. I want to make sure that my body is going to have the time it needs to come back, so please bear with me.'
Social media unicorn ShareChat has laid off 200 employees, around 15 per cent of its workforce, in another round of layoffs this year to reduce costs and achieve profitability within the next six quarters. In January, Mohalla Tech Pvt Ltd, the parent company of platforms ShareChat and Moj, fired 500 employees, 20 per cent of its workforce. The same month, company co-founders Bhanu Pratap Singh and Farid Ahsan also stepped down from executive roles.
Tiger Woods, now 48, signed his first five-year, $40 million contract with Nike in 1996, and renewed it repeatedly.
Twitter has started laying off employees in India as part of a global job cut ordered by the social media platform's new owner Elon Musk to attain economies of scale and make the USD 44 billion acquisition viable.
The move comes barely a week after fellow crypto unicorn CoinDCX laid off 12 per cent of its workforce - an estimated 80 employees - amid challenging macroeconomic conditions and regulatory uncertainty in the sector. CoinSwitch has 519 employees, according to its LinkedIn profile. This means around 8 per cent of its workforce were shown the door.
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