An unhappy, restive mood prevails at the Ford factory Maraimala Nagar, 50 km from Chennai, and the surrounding area. The security is tight - not just Ford security personnel but also Tamil Nadu state police who are posted at the main gate. From September 9, when Ford India announced it was phasing out its units in India and leaving, workers at its manufacturing unit at Maraimala Nagar have held onto one hope: that the state government will step in to save their jobs.
'During the pandemic, thousands of IT employees have lost their jobs.' 'Many of those who still have their jobs fear that they will lost it any moment.'
Images from the Asia Cup T20 match between India and Hong Kong in Dubai on Wednesday.
Warne finished his career with 708 wickets in 145 Tests
TCS will have to deliver higher revenues in the succeeding quarter of FY15.
There is some good news for the injury-hit Australian cricket team as opener Shaun Marsh is likely to be fit for the upcoming Test series against India and might even play the two warm-up matches before that.
The country's first ever carmaker, Hindustan Motors, is looking at a second coming. Talks are on for a joint venture with a European auto company focused on the electric vehicle (EV) space. A memorandum of understanding (MoU) has been signed and due diligence is expected to start shortly and will take 2-3 months to conclude.
As one of India's topmost animation companies lays off its employees, a senior employee talks about what went wrong, and raises the question: Should your children join the animation industry?
Ghar Waapsi is strewn in pithy wit. And believable scenes of pyaar and takraar, observes Sukanya Verma.
Barcelona wasted a golden opportunity to extend their lead at the top of LaLiga as they were shocked 1-0 at lowly Almeria on Sunday thanks to a first-half strike by El Bilal Toure.
By framing the right question, Satya Nadella directed his team's attention to searching for the right answer, which opened up a treasure trove of new business opportunities, which would have remained undiscovered but for framing the right question.
Employees across segments, including those involved in specialised jobs such as technology, compliance and risk management, have started leaving the bank fold in hordes, observes Tamal Bandyopadhyay.
All of the 56 impacted associates, eight in the senior management and 48 in the middle as well as lower management, have been offered enhanced severance benefits and out placement services to support their transition, the company said.
When it comes to losing a job permanently, the youngest and the oldest segments in the workforce have reported an increase in setbacks in the second wave of the pandemic, a survey of by a Fortune500 company has said. The survey, conducted in April this year, covered 2,000 persons in India. Six per cent of those over 55 years of age reported having permanently lost their job, as against 4 per cent last year. In those aged under 24, the proportion reporting a permanent job loss has increased to 11 per cent from 10 per cent in the year-ago period, the survey done by financial technology company FIS said.
Jobs in HR, administration and recruitment have seen a substantial rise as per Monster data with a 42% growth in job posting activity.
Four-time Olympic champion Simone Biles has finally broken her silence on the year-long postponement of the 2020 Tokyo Olympics and said on Wednesday that while the news left her in tears it was the right call.
Croatian Borna Coric saved six match points as he rallied from 5-1 down in the fourth set to stun Stefanos Tsitsipas 6-7(2), 6-4, 4-6, 7-5, 7-6(4) and send the fourth seed tumbling out of the US Open in the third round on Friday.
Most of Australia's players have had scant preparation for the Twenty20 World Cup but captain Aaron Finch said his underdone squad can still bring the trophy home for the first time.
After a recent fall in profit, Masayoshi Son of SoftBank announced that the Japanese tech investor will look at dramatic cost-cutting. Before he does that, investments in India for calendar year 2022 (CY22) will fall radically, observed sources in the know. Last year, the company had invested around $3.2-3.5 billion in the Indian start-up ecosystem - almost 10 per cent of the total investment the sector received. For CY22, the investments may not even touch $1 billion.
As part our series on dealing with the pink slip, we spoke to financial planner Sridhar Vetapalem on how to get your finances in order.
Dhruv Gupta, Fitness Expert and Founder of weight loss programme, FitHo.com tells you just how!
StanChart starts retrenching staff in India.
StanChart to hand over pink slips to its employees in India too.
The 44-year-old Masters champion last competed on the PGA Tour in mid-February.
'When we look at the quality of our retail loan book, the non-performing asset percentage is low.'
Beverages giant Coca-Cola will cut jobs in India as part of its "redesigning operating model" globally to accelerate business growth across markets.
As part our series on dealing with the pink slip, we spoke to Nirmal Singh, the founder and CEO of Wheebox, a prominent talent assessment company.
The reopening of schools and colleges has sparked a crisis in the edtech sector with falling valuations, slowing funding rounds and faltering investor sentiment. In a totally altered, post-pandemic landscape where students are back at school and colleges, companies are scrambling to revert to bricks-and-mortar tuition centres and adopting a hybrid model of offline and online education. Demand for online tuition has fallen, affecting the revenue of edtech companies in recent months. After two years of booming revenues, some experts say the sector is looking at a possible meltdown.
Raducanu stormed into the third round of the Cincinnati Open
Summary of sports events and persons who made news on Monday.
This will be done to meet the massive demand that Flipkart expects during the festive season
Unacademy may see a funding dry spell for at least next 12-18 months and even last till 24 months and will cut costs to weather the lean period, said the chief executive of the education technology unicorn that recently laid off more than 600 employees. "This is a test for all of us. We must learn to work under constraints and focus on profitability at all costs. We must survive the winter," said Unacademy's co-founder and CEO Gaurav Munjal in a letter to the employees. "Winter is here. We are looking at a time when the funding will dry up for at least 12-18 months.
At this point, it is crucial to think of solutions that will help flatten the curve and also generate income, says Pratyush Banerjee.
All eyes were on the 131-year-old club Mohun Bagan as they were making their ISL debut following their 'marriage' with three-time defending champions ATK.
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According to Unite the Union, which represents the bank's staff, around 60 back-office roles are to be moved to India.
Four Tech Mahindra employees approached the labour commission in Karnataka
Kohli seemed delighted to see his India teammate make an excellent return after a long injury layoff.
There are concerns in the industry around budget cuts by clients and layoffs, as enterprises grapple with reduced earnings amid lockdowns across various parts of the globe.
The layoffs will be restricted to the Indian business.
An impulsive decision to resign could eventually turn out to be a big career mistake, warns Srividya Kannan.
