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.
Tourism & hospitality industry begins layoffs
Overall job loss estimates for the entire tourism value chain — including hotels and restaurant...
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-skilling, as per a survey.
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most high-profile recruiter to have revoked final placement offers so far, B-schools have also been seeing offers being withdrawn by firms such as Gartner and WorkIndia, placement sources said.
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.
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.
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.
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.
U.S. hiring races to record high in May, layoffs abate
The government also reported that job openings, a measure of labor demand, increased 401,000 to 5.4 million on the last business day of May. The job openings rate rose to 3.9% from 3.7% in April.
Eight in 10 Indian companies not currently considering permanent staff layoffs or redundancies: Korn Ferry survey
Given the government’s extensive requests on avoiding laying off employees, the majority of companies have not implemented or are not currently considering permanent staff layoff/redundancies (84%) or temporary layoff/furlough (83% without government subsidy support and 91% leveraging government subsidy).
Can’t sack staff: Companies get lawyers’ notice
Two lawyers have replicated the SC's PIL concept to suo motu issue notice to three IT cos for sacking staff.
Covid effect: Tatas plan layoffs to cut fixed costs
The pandemic had led to a suspension of the conglomerate’s several businesses including aerospace, automotive and aviation depressing its earnings in key markets across the world. The conglomerate has already made moves to cut contract workers engaged in manufacturing and other functions at its various facilities.
Tata plans layoffs to save fixed costs as profit dips
As the Covid crisis continues, the Tata group may look to eliminate jobs of certain of business to save on its fix costs as it is grappling ...
Unlock 1.0: White-collar jobs for freshers gain pace
Companies hiring freshers include Accenture, Amazon, Wipro, Muthoot Finance, Ernst & Young Global Business Services, Tech Mahindra, Mphasis, Paytm, Reliance Industries, WNS Global, HCL Technologies, Bajaj Capital, Simplilearn, Tesco, NTT, Microland, Dell and IBM India, according to job sites—Freshersworld.com, Indeed.com, and Naukri.com.
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