Edtech unicorn Vedantu has laid off 385 employees, nearly 11.6 per cent of the company workforce, according to sources. This move is being seen as part of a drive in the edtech sector towards profitability via cost-savings and consolidation, as funds dry up, they said. The Bengaluru-based firm has laid off over 1,100 employees (both full-time and contractual), so far, this year.
Two professionals -- from aviation and jewellery industry -- share their stories and lessons they learned from the pink slips they got.
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.
But when organisations cushion the impact to make it less traumatic, it helps in the recovery process, Wayne F Cascio tells Abhilasha Ojha
Ajit Agarkar defended the selection of the under-fire Hardik Pandya
How to survive a layoff? A BPO employee who was sacked twice and is perhaps preparing for another one, reveals his successful fight against pink slips.
How to survive a layoff? A BPO employee who was sacked twice and is perhaps preparing for another one, reveals his successful fight against pink slips.
Lost your job? Why don't you start-up your own company instead of looking out for another job?
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.
Pant's batting lacked its usual spark. While his 44 runs off 35 balls hinted at his talent, fluency and explosiveness were noticeably absent.
How are young Indian lives affected by the current recession? A young BPO manager tells how he is giving tuitions to cope with his sudden layoff.
'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.'
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.
December and January can bring a blizzard of pink slips.
Companies across the world are laying off workers as economic slowdown grips the global economy.
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.
Just about 54 per cent of employers predict fresh job creation in the second half of this year whereas the same sentiment was shared by 68 per cent entities at the start of 2013, while salary hikes too are expected to be on the lower side, said the survey.
'The overwhelming evidence from various studies and reports indicates that the current work culture in the IT sector, characterised by excessive hours, has severe consequences for health, productivity, and overall quality of life.'
A former employee from the IT industry rants about what's wrong with the sector and offers his lessons to cope with layoffs.
Thousands of workers of every description -- from journalists to steel workers, from painters to New York cops, from auto to engineering workers -- marched for two hours down 5th Avenue one of Manhattan's most iconic thoroughfares, reports Jyoti Punwani.
Among India's tech companies, education-associated start-ups are the worst affected, recording the maximum number of layoffs.
With the world going through tough economic times, companies around the world are handing out pink slips.
Rediff reader Nalini Jagnat Kudalkar from Thane, Mumbai tells us how she coped with life after being laid off.
The Gautam Gambhir-led Indian team management has an opportunity to decide who among KL Rahul and Rishabh Pant will be India's long-term first-choice wicketkeeper-batter in ODIs
In a post on LinkedIn, co-founders Aprameya Radhakrishna and Mayank Bidawatka announced that the platform will be discontinuing its services to the public, as talks for a partnership with multiple larger internet companies, conglomerates and media houses did not yield the desired outcomes.
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
'Do not panic; have a good rapport with the HR and negotiate if they can map you to some other requirement with lesser compensation. Take sometime off -- 10 to 15 days; relax; be with your parents or friends then come back and prepare a good resume and learn new skills.' A chemical engineer and IT professional share their layoff lessons.
Satya Nadella announced Microsoft's biggest round of layoffs in company history, saying the company plans to cut 18,000 jobs within the next year.
Technology giant IBM's workforce-rebalancing efforts have now hit India, with the company asking several of its employees in its hardware business unit to quit.
For now, Bounce, Shuttl, Fab Hotels, Instamojo, Zomato, Curefit, and HealthifyMe, among others, are going for salary deductions. Most of the consumer internet start-ups, besides those who are in the grocery delivery, education tech, and video conferencing business, would ultimately lay-off people and cut back salaries.
Infosys continues to be interested in acquisitions.
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.
Zaheer named 16 players in his squad, with the caveat that only one player between Gujarat Titans' captain Shubman Gill and Rajasthan Royals' opener Yashasvi Jaiswal will be selected as Rohit Sharma's opening partner.
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.
Have you been fired from your job recently? Or do you fear it will happen soon? Here are a few tips on how you can survive a layoff, financially.
Let the world know you are strong enough to achieve anything. The layoff hurdle is nothing but a matter of time, says an anonymous reader, who shared his 'layoff lesson' with Rediff.com.
The companies currently hiring in India is 38 per cent, which is a two per cent drop year-on-year and down on predictions made in June 2013.
Kishan makes 19 on return to competitive cricket
Former player Ian Smith questioned New Zealand's preparations for the T20 World Cup.
A former employee of a media company revisits the time she was laid off and shares the lessons she has learnt.
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