Page 7 - Employees

Edtech giant Byju's lays off nearly 1,000 employees across verticals

According to the company sources, the layoffs are part of the"optimisation" strategy announced last year where the company plans to sack 2,500, or 5 per cent, of its employees

Air India offers nearly 98 cr shares to employees under stock option scheme

Air India has offered around 98 crore shares of the company to its permanent employees as part of a stock option scheme. The shares are also being offered to the permanent staff of Air India Express as part of the Employees' Share Benefit (ESB) Scheme 2022, according to a document. The Tata group took over the control of Air India and Air India Express from the government on January 27, 2022. An airline official told PTI that around 8,000 employees will benefit from the scheme. "In accordance with the share purchase agreement signed as part of the disinvestment process, Air India has initiated the Employee Share Benefit Scheme for eligible employees who were in service with the airline on the date of privatisation. "We will be working with the relevant employees to help them understand the long term benefits and avail of the same," an Air India spokesperson said in a statement. Those who were permanent employees at the two carriers -- Air India and Air India Express -- at the tim

TeamLease Edtech, PeopleCert tie up to up-skill corporate execs, graduates

With this agreement, TeamLease EdTech aims to upskill the Indian workforce to meet high-speed growth in IT and industry

Ugly truth of layoffs: Firms invest huge resources to rebuild workforce

'Understaffing isn't always a result of management short-sightedness'

Google-backed ShareChat, Dunzo hand out pink slips to employees

This comes amid the current funding crunch in the Indian start-up ecosystem

Voice automation startup Skit.ai lays off over 115 employees: Report

Software-as-a-service (SaaS) voice automation startup Skit.ai has sacked more than 115 employees, mostly from its India team, as part of the "restructuring process" amid the deepening funding winter

Pfizer announces 12-week paternity leave policy for its employees

The policy that came into effect on January 1, 2023, gives biological and adoptive fathers the option to take leaves in up to four tranches

2022: When the pendulum moved from great resignation to great return

The controls are back with employers, and WFO with a degree of flexibility is the office-way for now

Beware of information paucity and liquidity risk in unlisted shares

Even seasoned investors should bet only 5-10% on such securities

No proposal for restoration of old pension scheme: Bhagwat Karad

There was no proposal under consideration of the central government for restoration of the old pension scheme, Minister of State for Finance Bhagwat Karad informed Parliament on Monday. Under the old pension scheme, employees get a defined pension. Under this, an employee is entitled for a 50 per cent amount of the last drawn salary as pension. However, the pension amount is contributory under the National Pension System, which is in effect from 2004. In a written reply, Karad said, the state governments of Rajasthan, Chhattisgarh, and Jharkhand have informed the central government/Pension Fund Regulatory and Development Authority (PFRDA) about their decision to restart Old Pension Scheme (OPS) for their employees. The government of Punjab on November 18, 2022 has issued a notification regarding implementation of the OPS for the state government employees who are presently being covered under the NPS. "The state governments of Rajasthan, Chhattisgarh, and Jharkhand, have sent ...

Mondelez Intl expands multi-year cybersecurity contract with HCLTech

HCL will also use its automation and AI capabilities to help Mondelez provide on-demand personalised user experience and accelerated issue resolution to 110,000 employees in 79 countries

Centre allows 100% WFH for IT units in SEZs till December 31, 2023

The new rule states that a unit will have to only maintain the lists of employees who are allowed to follow WFH or from any place outside SEZs

Jalan-Kalrock consortium looks to move SC over Jet Airways staffers' dues

The consortium won the bid to revive the grounded airline in October 2020, and its revival plan was cleared by the National Company Law Tribunal in June 2021

Want a four-day work week? Show the results of research to your boss

Data released Tuesday show the organizations involved registered gains in revenue and employee productivity, as well as drops in absenteeism and turnover

Layoffs happening and likely to hit hundreds: CNN to employees

Employees at the company had been anxiously bracing for the layoffs since Licht informed them last month that "unsettling" changes lie ahead

Grounded Jet Airways' cabin crew association moves NCLT for liquidation

Banks oppose consortium plea for handover of the company

Flipkart staff may get Rs 5,700 cr in stock buyback scheme in a few weeks

This will be the biggest Esop buyback in tech industry. Flipkart owns over 80% stake in PhonePe and is looking to exit the company. Walmart owns 10% in the Bengaluru-based fintech firm

Twitter loses entire Brussels office after Musk's hardcore working culture

The small office of six employees was cut to two in recent weeks following Elon Musk's dramatic culling of staff, according to people with knowledge of the exits

Elon Musk's 'hardcore' management style: A case study in what not to do

Musk, the world's richest man, appears in a hurry to make Twitter into a money-spinner, but it takes time to understand the requirements for successful organisational change

Govt to fix cut-off date to change pension conditions for employees: HC

Entitlement to post-retirement benefits is based on the terms of the services and it is open for the Central government to fix a cut-off date for the purposes of changing the conditions relating to payment of pension to its employees, the Delhi High Court said on Monday. The observations came on a batch of petitions by some high court employees challenging a Central government office memorandum (OM) which said that the coverage under the Central Civil Services (Pension) Rules, 1972, i.e. the Old Pension Scheme was confined to only to those candidates who were recruited against vacancies arising on or before December 31, 2003 and the selection results were declared on or before April 1, 2004. According to the government's new pension scheme, all other employees, which included the petitioners who received their appointment letters after the cut-off dates, would participate in the National Pension Scheme which is a contributory scheme. The petitioners submitted that they had applied f