Page 11 - Employees

Employee exodus continues at Trell, 100 more leave as firm struggles to pay

Lifestyle social commerce platform Trell has seen another wave of employee exodus as it struggles to pay creators in the country. The company, however, on Monday claimed it has paid all its creators

Edtech platform Unacademy lays off 2.6% employees due to poor performance

Edtech platform Unacademy on Saturday said that a small fraction of its workforce (2.6 per cent) has been asked to go as part of performance improvement programme (PIP)

SpaceX reported to fire employees critical of CEO Elon Musk: Report

SpaceX, the rocket ship company run by Tesla CEO Elon Musk, has fired several employees involved in an open letter that blasted the colourful billionaire for his behaviour, according to media reports

Elon Musk tells Twitter employees headcount will be rationalised

At a virtual meeting, he told Twitter staff he wants to raise the service's user numbers to at least a billion people and said advertising would remain important for the company

Spotify to slow hiring by 25% amid economic uncertainty, shares rise 7.1%

The world's largest on-demand audio service has been on a hiring spree for years, adding more than 2,000 employees between 2019 and 2021

Most young workers reluctant to return to workplace full-time: Report

More than 7 in 10 (71%) of 18-24 year-olds and two-third (66%) of 25-34 year-olds would consider looking for another job if their employer insisted on a full-time return to workplace, said the report

Ford India lines up 'non-negotiable' severance package for workers

Warns early closure of unit, legal action against workers starting June 14

Juniors and seniors: What various generations think about working from home

A recent study by McKinsey & Co. found that workers aged 18 to 34 were 59% more likely to leave than 55- to 64-year-olds if their employer didn't offer a hybrid work arrangement

Air India offers VRS for employees in first move to prune headcount

Permanent employees above 55 years of age or who have completed 20 years of service can opt for the package

Kinara Capital plans to add 700 employees by November

Kinara Capital, a fintech company serving Micro, Small and Medium Enterprises (MSMEs), said on Tuesday it plans to add 700 employees across its 125 branches and Bengaluru head office within the next six months. It said job opportunities are available at all levels, from new graduates to experienced senior management. Available field roles at the branch level are positions in sales, collections, operations, credit Risk, and Internal Quality Audit (IQA), it was stated. At its head office in Bengaluru, Kinara is seeking to fill positions across departments in data science, engineering, data platform, IT, HR, business operations, finance & accounting, marketing, products & strategy. Founder & CEO of Kinara Capital, Hardika Shah, said: We are growing our team to support even more MSMEs, especially as we continue to expand in Tier 2 and Tier 3 geographies.

S&P 500 firms' CEO pay up 17% as profits, stocks soar; workers fall behind

Even when regular workers win their biggest raises in decades, they look minuscule compared with what CEOs are getting. The typical compensation package for chief executives who run S&P 500 companies soared 17.1% last year, to a median $14.5 million, according to data analysed for The Associated Press by Equilar. The gain towers over the 4.4% increase in wages and benefits netted by private-sector workers through 2021, which was the fastest on record going back to 2001. The raises for many rank-and-file workers also failed to keep up with inflation, which reached 7% at the end of last year. CEO pay took off as stock prices and profits rebounded sharply as the economy roared out of its brief 2020 recession. Because much of a CEO's compensation is tied to such performance, their pay packages ballooned after years of mostly moderating growth. In many of the most eye-popping packages, such as Expedia Group's, valued at $296.2 million and JPMorgan Chase's $84.4 million, boards gave ...

Centre asks Air India employees to vacate housing colonies by July 27

Employees will have to pay penalties and lose retirement benefits if they don't move out, says memo.

India Inc struggles to get employees back to office

Scores of employees at WhiteHat Jr have recently quit after being told to join office. This has brought the focus back on India Inc's return-to-office plans and implementation challenges it is facing

84% employees feel organisation culture improved since Covid begun: survey

Around 84 per cent of employees globally say the organisation's culture has improved since the start of the pandemic, an EY Survey said

84 workers at 42 airports found drunk on duty between Jan '21-Mar '22: DGCA

While many of the workers who failed the alcohol tests were employed by airport operators, a significant section of them were employed by other companies which work at the airport

Two top managers fired from Twitter amid Elon Musk's buyout turmoil

Twitter fired two of its top managers Friday, the latest sign of internal turmoil amid Tesla billionaire Elon Musk's planned buyout of the company. One Twitter general manager, Kayvon Beykpour, is leaving after 7 years. In a series of tweets Thursday, Beykpour said CEO Parag Agrawal asked me to leave after letting me know that he wants to take the team in a different direction. Bruce Falck, Twitter's revenue and product lead, was also fired, according to a tweet that has since been deleted. His Twitter bio now says unemployed. I dedicate this Tweet to those engineers and thank you ALL for the opportunity to serve alongside you. It's been awesome. There is a lot more to do so get back to work, I can't wait to see what you build, Falck tweeted. Twitter confirmed both departures and said the company is pausing most hiring and except for business critical roles. In addition, it said in a statement, we are pulling back on non-labor costs to ensure we are being responsible and ...

Netflix tells employees ads may appear by end of 2022: Report

The streaming pioneer is also planning to start cracking down on password sharing among its subscriber base around the same time, the NYT report said

Zomato's Goyal to donate Rs 700cr ESOP proceeds to Zomato Future Foundation

Goyal was granted ESOPS by Zomato's investors and board based on his performance right before the company went public last year

Amazon ends 14 days of paid time-off for Covid-infected employees

Starting from Monday, Amazon will offer up to five days of "unpaid, excused leave", reports CNBC

SoftBank-backed Unacademy lays off 600 employees in cost-cutting drive

That's nearly 10% of the company's workforce and comes in the aftermath of the pandemic; the move follows termination if 100 staffers from PropLadder team in March