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.
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.
A former employee from the IT industry rants about what's wrong with the sector and offers his lessons to cope with layoffs.
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.
With the world going through tough economic times, companies around the world are handing out pink slips.
'Once I got my first wicket, that built up my confidence. Fortunately, I was able to take six wickets.'
Rediff reader Nalini Jagnat Kudalkar from Thane, Mumbai tells us how she coped with life after being laid off.
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.
Ajit Agarkar defended the selection of the under-fire Hardik Pandya
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.
'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.
Infosys continues to be interested in acquisitions.
Pant's batting lacked its usual spark. While his 44 runs off 35 balls hinted at his talent, fluency and explosiveness were noticeably absent.
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.
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.
'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.'
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.
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.
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.
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.
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.
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 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.'
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.
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
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.
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.
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
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.
'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.
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.
Kishan makes 19 on return to competitive cricket
Indians laid off by the current recession tell their stories in this gripping rediff.com series. A shocking chronicle of work experiences.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances