Tourism & hospitality industry begins layoffs
Overall job loss estimates for the entire tourism value chain — including hotels and restaurants, airlines, tour operators, transport providers and all other allied businesses — battered by the Covid-19 pandemic, may lie between 38 million and 50 million as per industry body FAITH and CII.
Operational hands bear layoff brunt
Software engineers, product managers, sales and marketing staff, and people in operational roles were the...
Only 40% jobseekers think layoffs won't happen, finds survey
Around 50% of job seekers said they are utilising this time to focus on up-skill...
Job insecurity for 3,500 staff after ban on Chinese apps
Hiring firms said resumes from employees at these companies have started coming in. These app companies employ people for a range of functions, including marketing, sales, content management, data analysis, talent acquisition, HR, strategy and growth, and product development.
3557 workers affected by lay-offs across India between January and June: Labour ministry data
According to the statement, the ministry of Labour and Employment has the mandate to protect and safeguard the interests of workers with due regard to creating a healthy work environment for higher production and productivity and to provide social security to the labour force.
After layoffs, Uber recalls job offers made to B-school grads
While Uber is the most high-profile recruiter to have revoked final placement offers so far, B-schools have also been seeing offers being withdrawn by firms such as Gartner and WorkIndia, placement sources said.
Vistara CEO Leslie Thng says no layoffs; salary cuts to be reviewed in January 2021
Vistara's Chief Executive Officer Leslie Thng told that there have been no job cuts at the airline in the wake of the coronavirus pandemic.
Abductions, censorship and layoffs: Pakistani critics are under siege
The security forces frequently pressure editors to fire or muzzle reporters, journalists say, while the government starves critical news outlets of advertising funds and refuses to settle previous bills worth millions of dollars.
Amid paycuts and layoffs, some companies chose to shield staff during the Covid storm
Tata Consultancy Services (TCS), Wipro, and Infosys have deferred hikes. Reliance and Oyo have cut pays.
IT professionals crowd the job street
Recruitment firms have received at least a few tens of thousands of queries for entry to senior levels in IT services space. Xpheno, a specialist staffing firm, has seen almost 40% spike in CVs from senior tech professionals from IT services companies over the last fortnight.
Outplacement service providers for layoffs, restructuring witnessing 30% rise in queries
Sectors like hospitality, aviation, retail, auto, engineering and manufacturing and BFSI are taking the lead right now in terms of queries, as companies undertake active research on outplacement, while at the same time also enquire about services connected to employee health and well-being.
Organised private sector plans layoff, salary cut amid COVID-19 crisis: Report
Among the surveyed organizations, 73 per cent said they have plans to decrease the salary of employees, 57 per cent said this layoff is temporary, while 21 per cent said they are doing permanent layoffs for at least 2 years.
View: Why now is the perfect time to thaw the job freeze and hunt for talent
Conventional wisdom would indicate that the Covid-19-instigated shutdown in a number of industries and businesses translates to a gross demand-supply mismatch. But the silver lining is that there are a host of startups and new industries already mushrooming on the landscape. And it’s not a shortlist, either.
Planned layoffs at British companies surge due to detrimental economic impact
During the pandemic the government has been paying the salaries of almost 10 million furloughed workers. Economists are predicting a surge in unemployment when that program ends in October.
Airbnb was like a family, until the layoffs started
Startups that sell everything from mattresses to data-warehousing software have long used “making the world a better place”-style mission statements to energize and motivate their workers.