Page 9 - Employees

Ed-tech firm FrontRow lays off 75% of staff, day after Byju's move

Second round of sacking to save costs reduces FrontRow's headcount to 45 people

Disapprove moonlighting, but issue not a big problem in company: HCL Tech

HCL Technologies on Wednesday weighed into the issue of moonlighting, that has created quite a stir in the industry, and said while it does not approve of dual employment, the issue is not a major one within the company. Put simply, moonlighting refers to employees taking up side gigs to work on more than one job at a time. "Dual employment while working for HCL Tech...we do not approve of that. Everybody who signs up to work for HCL Tech is signing up employment contract which requires exclusivity. The requirements around confidentiality, and non compete... all those provisions that are there we expect our employees to honour those commitments," Ramachandran Sundararajan, Chief People Officer of the company said during the Q2 earnings briefing. Fortunately, he said, moonlighting has not come up as a big problem within HCL Technologies. "We don't have that as big problem that we have too many people indulging in dual employment. It is not a big problem. We have had one or two stray

Wipro's Q2 profit slips 9.2% amid high employee costs; revenue up 14.6%

Attrition for the quarter was at 23 per cent, down from 23.3 per cent from last quarter

TCS beats Street estimates in Q2, net rises 8.4%; attrition remains high

Net profit has crossed the Rs 10,000-crore mark for the first time

HCLTech to boost presence in Mexico; to hire 1300 employees over next 2 yrs

The new centre in Guadalaraja will enable the company to serve its local and international client base across industries

Peloton planning to cut additional 500 jobs to reverse losses: Report

To cut costs, the company cut hundreds of jobs, shuttered stores and outsourced delivery to third parties this year

80% of IT employees need better reason to go to office, says report

Several companies, the report claims, have introduced higher variable pay and employee engagement budgets while cutting down the internet allowance to make employees return to the office

Hybrid work creating disconnect between employees, leaders: survey

Hybrid work environment is widening the gap between employees and leaders with 80 per cent employees looking for better reasons to go into office while 91 per cent leaders find it challenging to have confidence in employees productivity, a Microsoft survey report said on Thursday. The survey which covered over 20,000 full-time or self-employed people in 11 countries, including 2,000 in India, found that 91 per cent of Indian employees willing to work from office if they can socialize with co-workers. "93 per cent of leaders in India say getting employees back to the office in-person is a concern. The report finds that people are more likely to come in for each other than any other reason. 80 per cent of employees in India say they need a better reason to go into the office besides company expectations," the report said. The survey was conducted between July 7 and August 2. According to the survey 47 per cent of employees and 58 per cent of leaders in India report that they are alre

Productivity 'hyper focus' hurting employees, causing attrition: Report

Only 9% of managers say hybrid work model gives them confidence that employees are productive

Silicon Laboratories opens new unit in Hyderabad, plans to triple workforce

The new facility would be the largest global centre for Silicon Lab's engineering and wireless connectivity innovation

Amid falling staff strength, PSBs may soon start hiring on a monthly basis

From a peak of 886,490 in 2012-13, staff strength in state-owned banks fell to 770,800 in 2020-21

Moonlighting: No blanket ban in India though several laws frown upon it

The Factories Act is one such, but its provisions don't apply to firms that don't run a factory; many states have their own laws on the matter

EPFO moving towards automation; set to rationalise workforce for efficiency

EPFO said it is moving more from forceful compliance to voluntary compliance. And, in the future, it will be fully governed by technology

Wipro fired 300 staff found working with rivals at same time: Rishad Premji

Wipro Chairman Rishad Premji on Wednesday said the company had found its 300 employees worked with one of its competitors at the same time, and added that action was taken in such cases by terminating their services. Premji asserted that he stands by his recent comments on moonlighting being a complete violation of integrity "in its deepest form". "The reality is that there are people today working for Wipro and working directly for one of our competitors and we have actually discovered 300 people in the last few months who are doing exactly that," Premji said speaking at AIMA's (All India Management Association) National Management Convention. Asked about the action taken again employees who were found to be working parallely for the company as well as for rivals, Premji, on the sidelines of the event, said that their employment had been terminated for "act of integrity violation". The definition of moonlighting itself is about having another job secretively. As part of transparen

EPFO sees over 1 million new subscribers for fourth straight month

Though fresh additions slip sequentially in July, women enrolment at a record high

Why are public sector companies unable to attract talent for higher posts

It is not just that state-owned company leadership are paid much less than what their smaller competitors are paid but their performance is not linked to rewards

CEO's advice to freshers to work 18 hours a day sparks huge outrage

Shantanu Deshpande, Founder and Chief Executive of Bombay Shaving Company, faced severe criticism on social media for his LinkedIn post on Tuesday that advised freshers to work 18 hours a day

Better.com fired around 250 employees in fourth round of layoff: Report

In a report published on TechCrunch, Better.com's list containing the names of the people who will be laid off from the company on Friday, was leaked internally on August 23, 2022

Indian companies changing rules to call employees back to office

Apart from Indian companies, Apple Inc has asked its employees to attend office three times a week. Employees have been asked to attend office on Tuesdays, Thursdays and a day depending upon the team

Gig work platform Awign raises $15 mn in funding round for expansion

Start-up assists enterprises in hiring high-skill talent on contract and manage such employees