The company, which has been in the news recently for all the wrong reasons, maintains that it was forced to rationalise the staff strength as improvements in technology resulted in certain redundancies in customer, merchant and delivery partner support teams.
'Everyone says never waste a crisis.' 'When we went into Covid and we were in total lockdown, we were at work.' 'The planes were not flying and we wondered what to do.' 'We looked at each of our performance metrics -- what are customers complaining about, how do employees feel, how do investors feel?'
In India, Accenture said it continues to hire, and as part of its ongoing compensation programs, it also recently recognised a number of its people with bonuses and promotions.
Leader of Opposition Mallikarjun Kharge and some other members sought that the bill be referred to a standing committee for scrutiny.
News of all that's transpired on and off the football field.
eBay says it has cut jobs at its centre in Bengaluru in favour of shifting them to other locations around the world.
A round-up of Sunday's action in the Premier League.
A round-up of Wednesday's action in the UEFA Champions League.
Walt Disney has laid off about 250 employees and replaced them with Indians holding H1-B visas.
The BCCI had on Monday announced that Indian women's cricket team will play a Test after more than six years in a one-off match against England.
Images from Day 6 at the French Open, at Roland Garros, in Paris, on Friday.
Ebay will cut around 2,400 jobs this quarter in a bid to improve business efficiencies.
With no spectators allowed on the course it was a solemn scene as golfers and their caddies, heads bowed, stood silently on greens, tees, fairways and the practice range.
The airline has closed reservation for flights to Silchar, Imphal, Aizawl, Jorhat in northeastern states from mid-February. Reservation has also been closed for flights to Madurai, Visakhapatnam, Raipur, Muscat and Sharjah.
Companies in India are expected to dole out an average increment of 7.3 per cent to employees this year amid faster-than-expected economic recovery and revival in business and consumer confidence, according to a survey. The first phase of the 2021 Workforce and Increment Trends Survey by Deloitte Touche Tohmatsu India LLP (DTTILLP) also said the average increment this year will be higher than 4.4 per cent seen in 2020 but lower than 8.6 per cent given by companies in 2019. As many as 92 per cent companies that participated in the survey plan to give an increment in 2021 compared to only 60 per cent last year.
The Auto Component Manufacturers Association of India on Wednesday sought reduction in GST rate to a uniform level of 18 per cent for the entire automobile industry to stimulate demand and help save around 10 lakh jobs, which are at risk due to prolonged slowdown in vehicle sales.
Dealers say the significant increase in sales was driven by a need to plug the diminishing inventory as most dealerships were transitioning from BS-IV to BS-VI when the Covid-19 lockdown was announced.
Atletico Madrid have taken the decision to cut the wages of their staff, including the players, to ease the financial burden on the club as they struggle with the economic impact of the coronavirus pandemic, the La Liga club said
Not just in the IT sector, Capgemini is probably the only company, in India, which has offered salary increments.
Serena Williams shook off some COVID-19 layoff rust to grind out a 7-6(6), 3-6, 7-6(0) win over Dutch qualifier Arantxa Rus on Monday to move into the third round of the Western and Southern Open.
The report, however, said that the increase in layoffs should not be seen as a sign of 'recession relapse'.
The US magazine Forbes is planning to layoff several staff from the editorial and business sides, as a cost-cutting measures in response to decreasing advertising revenue.
'It will be a competitive market more than ever due to the layoffs that have happened.'
'IPL is something that I have enjoyed a lot and I would like to make a comeback very strong and I'm just looking forward to it.'
Walt Disney staff were reportedly replaced with Indians holding H-1B.
The new owner may be allowed to dispose of assets accruing from the 10-26 per cent of the net assets of the company.
'See to it that you have adequate skills that will make you so indispensable that they cannot fire you.'
Some Silicon Valley execs forecast a turnaround as early as second quarter 2009.
Harris slammed President Donald Trump and pledged to 'rejoin' the Paris agreement on Climate Change and 'strengthen and re-enter' the Iran nuclear deal. "Joe Biden and our administration is gonna have a massive job to repair the damage done by Donald Trump and his administration, and to restore our place in the world," she said.
Amid tough economic conditions, layoffs, salary cuts and decrease in benefits, most of the Americans seem happy at workplace, just not as happy as they use to be, a latest survey has found.
Recruitment-related HR executives are being moved to other HR functions like training and development and other day-to-day HR functions, or being taken on contract. If things worsen, there could also be layoffs. Companies like Wipro, Infosys, TCS and iGate, too, have a mix of contractual employees in their HR team.
Virat Kohli spoke about the options at his disposal as India geared up for the mega event, to be held in Australia later this year.
Although the government has come out with a fiscal stimulus package to boost industrial growth and economy, it is unlikely to have perceptible impact in the short run and raise business confidence, which has led to layoffs, partial and complete closure of plants and termination of joint ventures, especially those involving foreign partners.
Layoffs are turning out to be the flavour of the week, with European auto makers Peugeot, Citroen and Rolls Royce, British pharma giant AstraZeneca and American defence equipment manufacturer Boeing all set to slash nearly 7,000 jobs.
Though leading brands like Samsung, Apple, Xiaomi, OnePlus, and Oppo managed to absorb the initial lockdown shock and resumed their local production back to 60 per cent, they would likely suffer a 20-25 per cent loss of sales in the October-December quarter.
Analysts expect firms to shift focus to online platforms to boost sales in these Covid-19-impacted times.
More than 21 lakh individuals have become jobless in the US ever since the world's largest economy entered into recession last December, with more number of employers resorting to mass layoff actions.
In the midst of massive layoffs being announced by various corporate houses hit by a global economic slowdown, Anil Ambani group on Friday said it is not planning any job reduction and is rather planning to create up to 90,000 employment opportunities in the next few months.
Mumbai Indians will play a majority of its matches on the slow tracks of Abu Dhabi (8) and adapting to that challenge would be the key to its fortunes.
'The revenue is going to go down significantly, 50% they are banking on at the moment and that's an optimistic position, I believe. The players will take a whack.'
