Salary Cut: HR News, Trends & Workplace Insights

Latest Salary Cut HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Salary Cut.

Updated on: Jun 2024
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Apple CEO to take a 40% pay cut
Compensation

Apple CEO to take a 40% pay cut

An American multinational technology company, Apple Chief Executive Officer (CEO) Tim Cook will take a 40% pay cut in 2023. The pay cut was based on the balance sheet feedback, Apple’s exceptional performance, and a recommendation. The current salary of Tim Cook was USD 49 million (Rs 3,98,75,71,000) in 2023. Earlier, Tim Cook earned USD 99.4 million […]

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Air India pilots union wants Chairman’s heed on working conditions
Industry

Air India pilots union wants Chairman’s heed on working conditions

TATA-Group-owned, Air India pilots’ union has alleged that working conditions are hostile at the airline and sought Tata group Chairman N Chandrasekaran’s intervention to resolve the issues. The pilots have raised various concerns including unethical treatment, hostile working conditions, pay cuts, and many others. A letter addressing the same has been written to the Chairman. […]

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Jet Airways Cuts Salaries, Sends Several Employees On Leave Without Pay
Compensation

Jet Airways Cuts Salaries, Sends Several Employees On Leave Without Pay

An Indian airline, Jet Airways has decided to send about 60 percent of its employees to leave without pay (LWP) from December 1 for three months. Some of the senior management will also be part of LWP. The airline has also cut some employees’ salaries by up to 50 percent. The quantum would be higher […]

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COVID-19: GMR Group cuts employees’ salaries up to 50%
Coronavirus

COVID-19: GMR Group cuts employees’ salaries up to 50%

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 […]

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Zomato to lay off 13% of the workforce
Coronavirus

Zomato to lay off 13% of the workforce

Zomato to lay off 13% of the workforce and temporary pay cut of up to 50% for remaining employees Indian online food delivery platform Zomato on Friday said it will reduce its workforce by 13%, while also implementing a temporary pay cut of up to 50% for remaining employees as nationwide lockdown to prevent the […]

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