Latest Coronavirus HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Coronavirus.
Nike announces likely job cuts, million lossnbspdue to COVID- on its business globally. Nik...
District judge orders work from home, judges not to call staff to courts amid the rise in COVID- c...
GoDaddy announced restructuring plan, says to impact employees Web hosting company GoDaddy Inc o...
BMW has confirmed that the German manufacturer is looking at axing at least 10,000 contract workers, in an effort to reduce its capacity due to the coronavirus crisis and help mitigate growing costs. According to Reuters to The Munich-based company said earlier on Friday it had reached an agreement with the works council for a […]
On Tuesday, Truck- and Construction Equipment maker AB Volvo said in a statement that it plans to cut its white-collar workforce by around 4,100 positions during the second half of 2020, citing the effects of the Covid-19 pandemic. “The corona epidemic and the global measures taken to fight it has led to a market situation […]
Insurance Regulatory and Development Authority of India (IRDAI) has issued guidelines for the general insurer and health insurers on the handling of claims reported under coronavirus. Where coverage is granted for the treatment of hospitalization expenses, in order to alleviate the hardships that may be caused to the policyholders, all claims reported under coronavirus shall be handled as […]
According to a report by Genius Consultants, India is set to lose around 130 million jobs in the midst of the Covid-19 crisis. In which 40 percent would be from the blue-collar domain. Major job losses, according to the report will be in sectors like aviation, automobile, travel and tourism, food, entertainment, and to […]
According to the ET report, JCB India, India’s largest construction equipment major has laid off almost 400 permanent employees as part of its rationalization of workforce citing falling business volumes as well as the COVID-19 pandemic. The company said in a statement, “The retrenchment includes 80 to 90 persons ranging from a DGM till Vice […]
Amid the coronavirus pandemic, Oil & Energy major British Petroleum to lay off 10,000 employees globally from its workforce globally by the end of the year. The total employees to be laid off are 15% of the total global workforce, this announcement was made via an e-mail sent to the 70,000 strong workforces of the […]
Motilal Oswal Financial Services has announced the payment of bonuses and performance-linked variable pay to the entire 6,000-plus employees of the group. Sudhir Dhar, Executive Director – Group CHRO at Motilal Oswal Financial Services Ltd said, “It gives immense satisfaction and comfort that we’ve been able to announce the bonus and promotions even during this lockdown.” He also […]
GMR Group cuts employees’ salaries by up to 50% due to Covid-19, The reduction in compensation is maximum at the highest level. Battling against COVID-19 pandemic, diversified conglomerate GMR Group has revised downwards employees’ salaries by up to 50 percent with effect from May 2020. The reduction in compensation is maximum at the highest level. The Bengaluru-based […]
In an exclusive conversation with Suchismita Burman, Chief Human Resources Officer, ITC Infotech India Limited on Talent Strategy during COVID-19 Suchismita Burman is the Chief Human Resources Officer of ITC Infotech India Limited. She brings in 21 years of experience working across Consulting, Corporate HR, CoE, and Talent Business advisory roles across industry sectors. She […]
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 […]
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 […]
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 […]
