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Home Credit India lays off 1,800 employees
Coronavirus

Home Credit India lays off 1,800 employees

Consumer loan finance firm Home Credit India on Thursday said it has reduced its headcount by 1,800 employees due to slowdown caused by the COVID-19 crisis. “The unprecedented coronavirus pandemic has affected every aspect of our life. It has impacted each one of us, our families, our customers, partners and businesses. These trying circumstances have […]

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Bajaj Allianz appoints a new CHRO
CHRO Move

Bajaj Allianz appoints a new CHRO

Bajaj Allianz Life appoints Santanu Banerjee as its new Chief Human Resources Officer Bajaj Allianz Life appoints Santanu Banerjee as its new Chief Human Resources Officer, effective from May 2020. Bajaj Allianz Life is one of the leading private life insurance companies in India. The Company is a partnership between two powerful and successful entities in […]

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Here’s how Magicbricks has prepared itself for New Normal
Coronavirus

Here’s how Magicbricks has prepared itself for New Normal

“Hardships often prepare ordinary people for an extraordinary destiny.”–C.S. Lewis It is one and a half months, that we are all in this lockdown due to the Covid19 pandemic; and together we are coping well with this situation. At Magicbricks too, our teams are now used to this new way of work and life. We […]

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After Twitter, Square Inc announces permanent WFM policy
Coronavirus

After Twitter, Square Inc announces permanent WFM policy

After twitter, Square Inc. also announces permanent work from home policy Jack Dorsey founded a mobile payments company, Square Inc. has recently announced its permanent work from home policy for most of the employees. The recent announcement comes just a week after Twitter CEO and Co-founder Jack Dorsey did the same for Twitter employees. A […]

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Tupperware appoints new CHRO to lead People & Culture
CHRO Move

Tupperware appoints new CHRO to lead People & Culture

Tupperware Brands Corporation appoints Beatriz Díaz de la Fuente as the Company’s Chief Human Resources Officer (CHRO). She will join Tupperware on June 1, 2020 Díaz de la Fuente joins Tupperware Brands following successful careers in human resources at multinational companies including GE and Herbalife Nutrition. Most recently, she was head of human resources at El Palacio de Hierro, […]

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Cognizant offers the voluntary separation package for US employees
Coronavirus

Cognizant offers the voluntary separation package for US employees

Cognizant Technology Solutions has announced a voluntary separation package (VSP) for its US employees. The Coronavirus crisis has pushed many companies to take tough decisions, with the same line, Cognizant is laying off employees without active projects. The Company is offering a voluntary separation package for US employees who move to the bench between May […]

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Raymond has fired hundreds of employees, since February
Industry

Raymond has fired hundreds of employees, since February

Textiles and apparel major Raymond has fired hundreds of employees across the board, since February. The company had started the process due to varied reasons like the group company’s mounting debts, the slowing down of the economy, and the last hammer to the coffin was the COVID-19 crisis. It was found that the company not […]

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Order on full wages withdrawn: Centre informs Supreme Court
Labour Law

Order on full wages withdrawn: Centre informs Supreme Court

The Centre on Tuesday informed the Supreme Court that it had withdrawn a contentious March 29 order requiring private employers to pay full wages to their workers during the lockdown. Appearing before a Bench led by Justice Ashok Bhushan in a virtual court hearing via videoconferencing, Attorney-General K.K. Venugopal said the May 17 order of […]

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Nokia shuts plant in TN after 42 test positive for Coronavirus
Coronavirus

Nokia shuts plant in TN after 42 test positive for Coronavirus

Nokia last week suspended operations at a telecoms gear manufacturing plant in southern India, the company said on Tuesday, after some employees tested positive for Covid-19. Nokia did not disclose how many workers at the plant in Sriperumbudur in Tamil Nadu tested positive, but a source familiar with the matter said they were at least […]

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Lakshya Digital to hire 12-15% more workforce in India
Industry

Lakshya Digital to hire 12-15% more workforce in India

Lakshya Digital, India’s leading Game Art Services companies, has announced that it will be hiring 12-15% more employees over the next 1 year amidst COVID-19. This increase in hiring is due to the new business in the last couple of months. Currently, Lakshya Digital has a team of about 500 people and plans to hire […]

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Uber India Lays Off 600 Employees Amid Slowdown
Coronavirus

Uber India Lays Off 600 Employees Amid Slowdown

Uber India lays Off 600 employees amid slowdown, a 25% of total workforce 2,400 in the country Uber India on Tuesday, 26 May, announced to lay off around 600 full-time employees due to the impact of the coronavirus crisis, a week after Ola slashed its workforce. The affected employees would be from across driver and rider support among […]

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TVS Motor announces to cut staff salaries for six months
Coronavirus

TVS Motor announces to cut staff salaries for six months

On 23 May 2020, Two-wheeler manufacturer TVS Motor Company has announced to cut the salaries of its employees starting this month, May 2020, as it grapples with a steep fall in sales, common across the industry. Though the company has clarified there will be no salary reduction at the workmen level. The company’s CEO, KN […]

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