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INDIAN EMPLOYEE MELTDOWN
VCs turn the screws; Ex-Paisabazaar CEO’s new betHappy Friday! Investors are rewriting the rules of engagement with founders after governance blowups. This and more in today’s ETtech Morni...- ‘Don’t want job or money, can’t do this anymore’: Gurgaon employee’s Atul Subhash–style video pleading boss and girlfriend goes viralA Gurgaon employee's video on work-life has gone viral on social media. The video shows a man making an emotional appeal to his boss, paren...
- OLX to slash workforce by 15%, fire at least 1,500 employeesThe company, owned by Prosus, started its business in India in 2009 and operates OLX and OLX Autos. Prosus is controlled by South Africa-ba...
- About 3,000 tech employees now being fired a day on average in JanIn 2022, over 1,000 companies laid off 154,336 workers, as per the data by layoffs tracking site Layoffs.fyi. The mass tech layoffs of 2022...
- Over 22,000 techies lose jobs in US, more than 12,000 in Indian startupsStartups now say it is much more difficult to raise new funding in this gloomy environment.
- TEOCO sees opportunity from telecom space in IndiaTelecom companies has started looking at revenue stream from retail service providers encashing on geo-location based services.
- Retail realty to witness rapid growth: CB Richard EllisCB Richard Ellis' global president Robert E Sulentic the worst in the global property market is over and growth will resume now.
- Esops escape ‘promoter’ tagThe finance ministry plans to drop a proposal that seeks to classify employee stock options (Esops) in a listed company as promoter holding...
- Software companies: Time for corporate mentors to step inThe slowdown has eroded the profits of several software companies and trimmed training budgets, but corporate mentors feel there could be n...
- Wipro BPO to hire 1,200 at Hyderabad unit in 6 monthsWipro BPO, an arm of Wipro Technologies, will hire around 1,200 people in six months for its Hyderabad facility.
- Wipro BPO to hire 1,200 in 6 months for Hyderabad unitThe company will spend 40% of the employees’ salaries on training staff to suit customer requirements.
- IIT, IIM pass outs turn towards PSUsRevised pay structure has made PSU jobs more attractive at a time when the private sector is cutting salaries.
- Central PSUs shed 44,000 employees in 2007-08: SurveyThe employee strength of the CPSEs have been constantly coming down since 2001-02 during which they had a staff of about 20 lakh. Coming to...
- Nokia offers VRS-like plan to cut 1000 jobs;no impact on IndiaNokia is looking to trim its global workforce by as many as 1,000 through a voluntary departure package, but this will not impact the firm'...
- Infy rules out job cuts, but sees tough times aheadKris Gopalakrishnan has said that the restructuring of the company to adapt to the current economic environment could make some jobs redund...
- Job slump? Dow Chemicals to hire over 3,000 in IndiaDow is not only hiring in India, it is also evaluating options to set up a performance chemicals park in the country. Cos that are hiring |...
- Dow Chemicals on hiring spree in India, even as it fires globallyDOW Chemicals is planning to increase its head count in India to over 3,000 employees, at a time when the company had announced the firing ...
- Manpower losing business, trimming workforce in IndiaRecruitment and HR consultancy major Manpower said its business in the country has slowed down by 15-20%.Trends & turmoil in job mkt I Resh...
- Govt-run financial brands 've upper handFinancial brands are built on the bedrock of trust and expertise.
- IT firms to hire more despite dollar meltdownThe IT and ITeS firms generated enough jobs - accounting for more than half the jobs created by Indian industry in the last fiscal. Dealing...
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