GM cites global pandemic as reason for the step. Firm had stopped selling cars in India in 2017 and stopped production completely on December 24, 2020.
TCS had in recent weeks been the subject of reports of a large number of layoffs.
With the job squeeze coming up, it may be a good time to assess your strengths and weaknesses, be prepared and move on if you must. Vikas Shirodkar, Vice President HR, General Motors lists out the ten most practical ways to deal with this impending situation.
A senior official in the central labour commissioner's office said the efforts of the government were to resolve the cases amicably and not to press for legal action against employers. "Everyone is going through tough times. We could initiate legal action if we want but that's not the idea. We want to address the issues amicably," the official said.
Among India's tech companies, education-associated start-ups are the worst affected, recording the maximum number of layoffs.
Rafael Nadal has decided not to participate in the US Open due to concerns about his fitness
Workplaces of 2025 will be defined by a deep focus on people-first values, inclusivity, and sustainable growth, foresees Sonica Aron, founder of Marching Sheep.
'These are the people that have worked for you. These are the people who have served you all their careers. You send them out to live in the rain. Is that your definition of ethics when you treat your labour force that way?' the titan asks.
Indians laid off by the current recession tell their stories in this gripping rediff.com series. A shocking chronicle of work experiences.
How a young civil engineer's dreams came crashing down when his employer asked him to leave because of his ill health.
Crisis-hit SpiceJet plans to hand out pink slips to at least 1,000 employees in the coming days as the airline works to significantly reduce costs and streamline operations of its depleted aircraft fleet, officials said on Monday. Faced with financial woes, legal battles and other headwinds, the no-frills carrier might ask more staff to leave as there is excess manpower now compared to the number of planes in service. A final decision on the quantum of layoffs is expected this week, one of the officials in the know said.
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.
'If I'm bowling well, it transfers to my batting and vice versa.'
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.
Edtech firm Unacademy has laid off 250 people across verticals, according to people familiar with the matter, reducing its employee strength by 50 per cent from what it was two years ago. Of those, 100 are from core functions such as marketing, business, and product, while the rest are from sales.
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.
Ajit Agarkar defended the selection of the under-fire Hardik Pandya
'Once I got my first wicket, that built up my confidence. Fortunately, I was able to take six wickets.'
Around 6,967 tech employees lost their jobs in Bengaluru, the highest among Indian cities, partially because of its evolution in recent years as a start-up hub.
The good news is that salary hikes are expected, though it is uncertain when they will be implemented.
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 win leaves United in 15th place in the Europa League standings on six points from four games.
IT industry always looks for talent with right technical capability, says Gopalakrishnan
Venezuela struck twice in the space of 10 minutes in the second half to come from behind and earn a 2-1 victory over Ecuador.
Pant's batting lacked its usual spark. While his 44 runs off 35 balls hinted at his talent, fluency and explosiveness were noticeably absent.
The layoffs have been done in businesses which are moving slowly due to various reasons including delayed execution
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.
Shubman's stress fracture in shin could take minimum two months to heal
Mirabai Chanu, who has been recuperating from hip tendonitis she suffered during the Asian Games in September last year, has all but qualified for the Paris Olympics.
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.
For months, the 2024 Ballon d'Or seemed to have a clear front-runner, with everyone anticipating the coronation of Vinícius Júnior as the new king of football.
Short of players, a nine-man Australia needed as many as four support staff members on the field, including chief selector and head coach, in their T20 World Cup warm-up against Namibia but that did not change the expected outcome of the game.
'I would love to make the first game, but I don't want to rush too quickly because realistically I've only got one chance. If I feel something, then that's it. I don't want that to happen.'
Facebook parent Meta announced on Wednesday to slash around 11,000 jobs as a part of mass layoffs to cut expenses and transform its business model. As the tech industry is slashing jobs, Meta too announced layoffs. "We are also taking a number of additional steps to become a leaner and more efficient company by cutting discretionary spending and extending our hiring freeze through Q1," said Meta CEO Mark Zuckerberg in a statement on Wednesday.
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.
'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.
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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.
Rediff reader Stephen J, 50 from Chennai reveals how his life changed after he was fired from his job.
Glenn McGrath says layoff will help Jasprit Bumrah return fresh to international cricket
The country's woes at World Cups, be it the 50-over or shortest format, are well documented and so the expectations back home have been tempered
