'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.
'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.'
Among India's tech companies, education-associated start-ups are the worst affected, recording the maximum number of layoffs.
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.
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.
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.
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.
Infosys continues to be interested in acquisitions.
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.
'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.'
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.
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.
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.
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.
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
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.
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 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
A former employee of a media company revisits the time she was laid off and shares the lessons she has learnt.
VAL, a unit of London-listed Vedanta Resources, has about 550 employees. It closed down the 1-million-tonne per year refinery exactly two weeks ago due to a shortage of bauxite, the key raw material used to produce alumina.
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.
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.
TCS had in recent weeks been the subject of reports of a large number of layoffs.
Last week, three of Satyam's big clients -- Nestle, Nissan and CIBA -- who were on wait and watch mode, assured the firm of their continued support with with the firm. Nestle is also believed to have given some additional business to Satyam. Analysts had feared that post the acquisition of the firm by Tech Mahindra, clients of Satyam, who were sitting on the fence, would jump to other vendors.
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.
Kishan makes 19 on return to competitive cricket
'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.
Former player Ian Smith questioned New Zealand's preparations for the T20 World Cup.
In their petition, the couple said they got married on May 10, 2022 according to Hindu rites and customs at a hotel in Ghaziabad's Kaushambi and left for the US to pursue their careers.
'Need to have a big heart and keep executing plans.'
Glenn McGrath says layoff will help Jasprit Bumrah return fresh to international cricket
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.
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.
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.
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.
Satwiksairaj Rankireddy and Chirag Shetty cruised into the quarter-finals of the French Open Super 750 badminton tournament in Paris.
Shubman's stress fracture in shin could take minimum two months to heal
Matheesha Pathirana's exceptional bowling performance emerged as the game-changer.
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