Page 40 - Layoff

Covid-19 lockdown: 70% listed firms may dip into reserves for April pay

This will make it tough for many of them to service their fixed costs, such salary and wages, as well as interest on their loan.

Zoho Corporation cancels bonuses, but avoids any layoffs due to Covid-19

In view of dip in US GDP, the company has prepared itself for a larger hit on its business

Companies shift focus on reskilling workforce for post-Covid world

With job losses and redundancies looming large, firms have taken to the idea of reskilling their workforce with gusto

Covid-19 impact: Gujarat, Punjab increase working hours in factories

Andhra Pradesh has asked employers to not lay-off contract workers during the lockdown

Swiggy to downsize private brand kitchens, impacting 900 staff: Report

As COVID-19 disrupts daily life across the country, the hospitality industry has come under severe pressure

Paytm to give ESOPs worth Rs 250 crore this year, hire 500 people

The exercise, which will be completed over the next 3-4 months, will include high performing employees as well as new hires, Paytm said.

Oyo sends thousands on leave without pay, India escapes for now

Oyo said in a statement it's furloughing employees in countries excluding India without specifying numbers, adding that it's not considering job cuts at this time.

Emaar Properties slashes salaries by up to 50% amid coronavirus pandemic

The company has announced salary cut of 50 per cent for the senior management, 40 per cent for middle management and 30 per cent for junior employees.

Covid-19 crisis: Consumer internet start-ups brace for salary cuts, layoffs

Companies taking extreme steps to continue to stay afloat amid Covid-19 crisis

Indian IT firms unlikely to lay off employees amid coronavirus lockdown

With high employee utilisation level and low bench strength, Indian IT companies are in a better position to absorb the adverse impact on cost for now

Spanish govt bans layoffs, says coronavirus not an excuse to fire people

Spain has recorded a total of 64,059 confirmed cases, almost 50,000 of which are still active

Wall Street bonuses to plunge 30%, layoffs likely as Covid-19 hits markets

Johnson did not estimate cuts to specific businesses, but he said headcount could be reduced by up to 10% and could include retail divisions

BBC to cut 450 jobs in modernisation plan focused on digital journalism

BBC News has to 'reshaped' for the next decade to save money, says top official for British broadcaster.

Fresh round of layoffs at Oyo, 100-150 staff likely to be impacted

The bulk of this fresh round of layoffs will be from its cloud kitchen business, which has about 200-300 employees in India

Tata Steel Europe has no option, but to cut jobs to curtail costs: Analyst

Tata Steel Europe's current production capacity stands at 12.5 million tonne and it has 21,000 employees

Amid layoff reports, workers' unions to hold Tata Steel to its job pact

Tata Steel on Monday said it planned to cut 3,000 jobs at its European operations, as the sector wrestles with excess supply, weak demand and high costs.

Tata Steel to cut 3,000 European jobs due to excess supply, high costs

The company says there will be no plant closures; the aim is to ensure long-term future

IT companies may shed up to 40,000 mid-level employees: Mohandas Pai

'It's going to happen again and again and again every five years,' said Pai

How to prepare yourself financially when you know layoffs are coming

As soon as you detect straws in the wind-peers receiving the pink slip, projects getting shelved, etc.-start preparing for the worst

Corporates find ways to break layoff news without breaking employee morale

There might be many humane examples of companies parting ways with their talent