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FESTIVE SEASON LAYOFFS
'Layoff right before wedding... break more than careers': Bengaluru techie's viral post on losing jobs during festival and year-endLayoffs during the festive and year-end season are particularly painful, as highlighted by a viral post from a Bengaluru techie. Profession...- High-end housing segment remains hot this Diwali even as overall sales cool off, says Samir JasujaDespite a dip in overall housing sales and new launches, the luxury segment priced above ₹2 crore is experiencing sustained demand this fes...
- Diwali discounts fuel qcomm; TCS CEO on green shootsAs the festive season peaks during Diwali, quick commerce platforms are dialling up discounts. This and more in today's ETtech Morning Disp...
- July auto sales in neutral, companies hope for festive accelerationAs many as 340,772 cars, sedans, and utility vehicles were dispatched from factories to dealerships last month, marginally lower than 341,5...
- Esop delivery at Eternal; Ecomm set to ride festive waveHappy Monday! Executives at Zomato and Blinkit parent Eternal exercised stock options worth Rs 419 crore. This and more in today’s ETtech M...
- Car sales inch up in July after two-month slump; industry pins hopes on festive cheerPassenger vehicle sales in India saw a marginal increase of 1% in July, a slight rebound after previous declines, fueled by anticipation fo...
- After two-month slide, auto industry steadies for festive jumpstartPassenger vehicle sales in India experienced a marginal 1% increase in July, signaling a slight recovery after two months of decline, despi...
- Can Indian economy thrive amidst market slowdowns and tech layoffs? A Balasubramanian answersA Balasubramanian of ABSL AMC indicates Indian markets are stable due to good interest rates and agriculture. The festival season is expect...
- Allen acquires edtech startup Doubtnut in fire sale; Spotify’s latest layoffsAllen Career Institute has bought edtech startup Doubtnut in a slump sale. This and more in today’s ETtech Top 5.
- How flexi-staffing can offer stability in a volatile hiring environmentIT services companies are anticipating reduced hiring in the short term due to an anticipated growth slowdown and a decreasing attrition ra...
- India Inc on gifting spree to lift staff’s festive spiritsCola maker PepsiCo India is including family members of employees in festive celebrations, and this year organised a family day across Indi...
- 20 listed retailers, QSRs go big on FY23 hiringListed lifestyle and grocery retailers and quick-service restaurants in India added nearly 64,000 employees to their workforce in the last ...
- Byju’s fires nearly 500 staffers; new guidelines in place for financial influencersTroubled edtech major Byju's has fired nearly 500 staffers in yet another round of layoffs, this time in the mentoring and product expert f...
- Salary hikes low at handset companiesSome smartphone brands had put a section of underperforming employees under performance-improvement plans, many of whom eventually left the...
- TV, smartphone firms go for 30% production cutsManufacturers of consumer electronics including smartphones, appliances and televisions have cut production by up to 30% since the beginnin...
- Phone, appliance plants to go festive a month earlyDemand for these has been strong as the second wave has receded and companies see this trend persisting. Most have placed orders for compon...
- Amazon, Flipkart, Bigbasket, other internet companies bulk up blue-collar jobs ahead of festival rushThese companies are choosing variable pay models to cut down on liabilities, including lowering fixed costs per executive, moving staff to ...
- How to brush away the blues with retail therapy this DiwaliGDP growth has been slowing down for six quarters now. Fresh investments have plummeted CMIE data shows that projects worth Rs 13.22 lakh c...
- Flipkart to hire 10,000 temporary staff ahead of festive seasonThe move comes as part of the preparations being made by e-commerce companies as they launch offers to boost sales during the upcoming fest...
- Flipkart denies reports of 800 employees layoffThe firm rubbished sacking rumours and added that its technology team, which has over 1,000 engineers, will be the worst hit.
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