This is the third time that the carrier is trimming its workforce. In 2007, the carrier cut staff by1,200 after it took over Air Sahara. In August this year, JetLite offered over 700 employees a voluntary separation scheme. This is the first time that the axe is falling on Jet Airways employees directly.
Anuja Mishra and Kartik Bajoria found themselves with no jobs exactly one year ago. Today they run a start-up that offers writing solutions to television channels, websites and corporate houses.
In continuation of the recent trend, another edtech major has issued pink slips to hundreds of employees. Bengaluru-based Byju's - valued at $22 billion - has laid off about 500 employees at its group companies -WhiteHat Jr and Toppr. It's a move to drive cost efficiency, according to the company. The number of layoffs, cutting across various department functions, may increase, sources said.
Musk has blamed activists for a significant drop in the company's revenues.
'Which fund manager in the world will put money into a company that hasn't filed its annual account?'
Khoda hurt at not being given chance to defend himself
'India's edtech and start-up story will be in danger.'
There's a new captain in the house and things are going to get a lot more interesting this week.
Manisha Sharma (name changed) was always among the high achievers in her company. She was recognised and rewarded for those efforts as well. Mid-December 2022, however, she received a jolt: an email informing her that she had been laid off - along with several of her colleagues. Sharma worked for a big tech firm, which had decided to downsize. And just like that, she was asked to go. "It did come as a shock," she says. "I did not take calls for the first two days, but then realised there is no point in beating oneself up for a situation that's not in your hand. "I thought let this be an opportunity to take a break. I'll now start looking for a job," she adds.
Humiliation and uncertainty are the words to describe the situation, says one of the many Twitter India staff who was handed a pink slip on Friday. That the laying off was perhaps on expected lines or that the microblogging platform itself erupted in support from 'Tweeple' or emphatic outsiders did not make things less painful, says another ex-employee. For scores of Twitter India staff, the grim reality of large scale firings -- that also coincides with the dreaded layoff winter -- is just about 'sinking in', days after popular platform was taken over by the world's richest man Elon Musk.
The best possible way to deal with job uncertainty is accepting the fact that it could happen to anyone and if it does, then it is important to work on a multi-pronged strategy on how to get through it in the best possible manner, advises Sumit Sabharwal.
The first step to keeping your job safe, experts tell Rediff.com's Divya Nair, is understanding why layoffs happen.
The Delhi and Districts Cricket Association sacked its senior selection committee, comprising former National selector Gagan Khoda, Mayank Sidhana and Anil Bhardwaj, on Thursday after the state team was decimated by Saurashtra in a Ranji Trophy group league game.
Also, Justin Langer's chances of getting a fresh contract will depend on Cricket Australia's meeting where the top bosses are expected to take a call.
You'll need extra eyes for the amount of OTT content available this week. Sukanya Verma invites you to take your pick.
Krishna Kumar offers some tips on how to cope with being served the pink slip.
Repackage and reposition yourself in terms of skills and experience and make your CV appealing to a larger audience. Look beyond your last industry.
Ghar Waapsi is strewn in pithy wit. And believable scenes of pyaar and takraar, observes Sukanya Verma.
I binged on various shows this year -- some for work, some for pleasure, few I couldn't spare time for, others I didn't have access to while some started out fabulously only to fizzle towards the end.
With the world going through tough economic times, companies around the world are handing out pink slips.
Unpaused: Naya Safar holds on to a light-at-the-end-of-a-tunnel thought and looks at the pandemic-afflicted people from all walks of life through the prism of optimism in five poignant stories, notes Sukanya Verma.
Andre Villa-Boas joins Paolo Di Canio (Sunderland), Ian Holloway (Crystal Palace), Martin Jol (Fulham) and Steve Clarke (West Bromwich Albion) in this season's 'pink slip' club.
Get your lowdown on what's going on in the world of Hollywood, right here!
Assume the worst regarding how long your unemployment could last and make conserving cash your topmost priority, suggests Sanjay Kumar Singh.
Sabita Samuel, Vice President (HR), Dun & Bradstreet Technologies & Data Services tells you what you must do after you've received the pink slip.
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.
Those who have been handed the pink slip shouldn't make too many loan queries, advises Raj Khosla.
India Inc is not flashing the pink slip yet, but multitasking is the buzzword.
Cutting corners, looking at fixed deposits, youth copes with the reality of a downturn.
Fresher hiring is expected to more than double compared to last year.
The retrenchments at the company promoted by Mumbai BJP chief Mangal Prabhat Lodha come at a time when the economic growth has dipped to a six-year low of 5 per cent, which has led many to fear if the spectre of job losses across sectors awaits next.
Shun fixed deposits but invest in the new pension scheme, commodities, gold and equity to tackle ever-increasing prices and protect your investment returns from losing in value.
India national team and Bengaluru FC footballer, CK Vineeth was given the pink slip by Kerala Accountant General for lack of attendance
According to a survey, the banking sector emerged as biggest job generator in the first quarter of the current fiscal with the segment increasing headcount by more than 16,000.
Unlike most workers, the top executives have managed to keep their positions during these difficult economic times, according to an independent research firm Liberum Research, studying changes in top-management levels in listed companies.
Not every sector is going to grow equally this year. Here's a forecast of the jobs scene.
The recession taught Indians value of money. So how to manage/use the salary hikes in an effective way so that it brings a fruitful return? Is it the time to splurge or go slow? Or is it prudent to continue with the austerity measures that one discovered during the lean time?
Faced with mounting costs and falling revenues, private airline Jet Airways has laid off 110 employees.Of these employees, 50 are contract employees who have 'superannuated,' and another 60 are probationary cabin-crew.
Gripped by despair after being handed out pink slips, IT professionals now have help at hand with a group of concerned fellow professionals hosting a website to help them.
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