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CUTTING STAFF BONUSES
'Our fight is for survival': Delhi Gymkhana Club management assures staff jobs are safeDelhi Gymkhana Club employees received assurances their jobs are secure. The club management stated it will not close immediately. This com...- CEOs are getting ruthless about worker performanceCorporate leaders are increasingly prioritizing results over employee comfort, with CEOs like Unilever's Fernando Fernandez demanding "volu...
- 8th Pay Commission salary hike: Up to Rs 1.80 lakh/month salary for consultant’s role in 8th CPC; age limit and who can apply8th Pay Commission: The Eighth Central Pay Commission is actively recruiting consultants on a contractual basis to bolster its research and...
- Oracle appoints new CFO with $950,000 pay package less than a week after laying off 30,000 employeesOracle, which is facing criticism as it laid of around 30,000 employees, has hired its new chief financial officer, Hilary Maxson. In a reg...
- Oracle layoffs affected US employees severance package and benefits explained after global job cuts: US labour laws and severance rulesOracle layoffs affected US employees severance package and benefits have become a major topic after reports confirmed global job cuts. Thou...
- A billion dollars each? While you work 9-to-5, these 6 Meta execs are in line for a billion-dollar AI paydayMeta plans huge AI growth and may reward six top executives with massive bonuses. The payouts depend on strong company performance and futu...
- HSBC lays off bankers on bonus day, no payouts givenHSBC has taken drastic cost-cutting measures by firing investment bankers on the day they were expecting their bonuses. The layoffs are par...
- Credit Suisse senior staff were paid unreported bonuses: PaperThe SonntagsZeitung report says the alleged profit-sharing scheme dates back to 2008. It lists two payments of 50 million Swiss francs ($56...
- Apple delays bonuses for some, limits hiring in latest cost-cutting effortThe shift will reduce the frequency of bonuses for a portion of Apple’s corporate workforce. Separately, the company is limiting hiring for...
- HSBC cuts staff bonus pool, lifts CEO Noel Quinn's total payOnce long-term incentive awards are included, Quinn's total pay could reach 10.5 million pounds, the bank said. HSBC reported a strong four...
- Indian IT firms cut staff bonuses as US, European clients tighten budgetsInfosys Ltd, India's second-biggest IT company, and smaller rival Wipro recently told their employees they had reduced the variable pay por...
- Most Wall Street workers expected to get lower 2020 bonuses, due to COVID-19, says surveyOverall, incentives at the end of this year, which include cash bonuses and equity awards, will generally decline, marking the second conse...
- Big 4, others roll back salary cuts, clear staff bonusesBigger professional services firms, including BDO and Grant Thornton, and even niche firms such as Dhruva Advisors, had taken measures to s...
- Axis Bank joins top private lenders to offer pay hikes; salaries to be raised by up to 12%HDFC Bank Ltd., the country’s largest private lender by assets, boosted salaries in April based on performance and also paid bonuses, other...
- ING chief to staff: Please pay back your bonusIncoming chief executive of Dutch financial services company ING Groep NV made a "moral appeal" on Monday for his senior staff to pay back ...
- McClatchy's Miami Herald to cut about 175 jobsThe publisher of The Miami Herald says about 175 employees will lose their jobs as the newspaper cuts costs.
- Heard on the StreetAmid the mayhem on bourses, it’s bonus time at many foreign investment banks. And the buzz is that it is not as bad as was feared.
- Nomura offers up to 130% retention bonus to Lehman employees in IndiaEmployees at both the investment banking and back-office divisions of the company in India have been granted retention bonuses varying betw...
- Lehman, Merrill employees' future topsy-turvyA host of Indian firms, which aim to enter investment banking industry are said to be looking at possibly hiring some of the relieved offic...
- Citigroup to cut 400 jobs in UK; India to follow3,800 of Citi's proposed job cuts are likely to fall in its US consumer finance business, as well as in Asia and India. Firing employees? |...
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