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JOB CUTS IN INSURANCE INDUSTRY
Jobs in line as IRDAI commission caps force insurance brokers to rethink modelsFacing new commission regulations from the IRDAI, insurance brokers, including Quickinsure, are tweaking their business approaches. This pi...- Disney Layoffs: Why is Disney cutting hundreds of jobs again under CEO Josh D’Amaro amidst future plans?Disney is undergoing significant staff reductions as newly appointed CEO Josh D’Amaro announces layoffs affecting hundreds of workers. Most...
- Manager demanded a doctor’s note for one sick day, employee reveals the trick that got them four days off instead of one in viral post: 'I will not be working if...'A service worker transformed a manager’s refusal to grant sick leave into an act of malicious compliance. After being ordered to provide a ...
- PB Fintech shares suffer Rs 37,000 crore shock in 4 days but Jefferies, Bernstein see up to 100% upsidePB Fintech shares have plunged 42% in four sessions, wiping out Rs 37,000 crore in market value after IRDAI proposed reforms targeting insu...
- IRDAI insurance commission curbs: Why the industry is facing a reckoningThe IRDAI's move to tighten commission caps in India's insurance sector has sparked considerable attention. Despite previous regulatory att...
- IRDAI’s commission crackdown: Why insurers may cope but distributors face a tougher testTransformations are on the horizon for India's insurance industry, with new proposals from the Insurance Regulatory and Development Authori...
- Trouble continues: Turtlemint, PB Fintech, other insurance stocks drop up to 38% in 3 days. What are analysts saying?Insurance stocks including PB Fintech, Turtlemint, ICICI Lombard, HDFC Life and SBI Life face selling pressure as proposed IRDAI distributi...
- Disney internal memo hints at upcoming layoffs as legal chief talks about 'hard choices'; job cuts may start next weekDisney is revamping its legal and global affairs department, which could lead to layoffs. Chief Legal Officer Horacio Gutierrez has noted t...
- US: How sweeping job cuts have reshaped life and job prospects in the DC areaDespite living in one of the most affluent parts of the country, many in the greater D.C. area - which includes parts of Maryland and Virgi...
- PB Fintech: A record debut in 2021, a record ₹31,400 crore wipeout & now the biggest storm the Gurugram co can facePB Fintech came under heavy selling pressure after IRDAI proposed changes to insurance commissions and distribution economics. PB Fintech s...
- PB Fintech shares slip another 5% after massive 36% crash on Thursday. What are Jefferies, others saying?PB Fintech share price: PB Fintech shares plunged 36% in the previous session following IRDAI’s proposal to curb ‘dark patterns’ on insuran...
- The road ahead for Volkswagen's restructuring: ExplainedVolkswagen is set to meet regarding restructuring plans and job cuts to address financial losses. The company aims to strengthen its positi...
- Insurance commission revamp to push insurtech firms to the brinkThe regulator has proposed lower commission limits for distributors that sell products from several insurers, with sharp cuts across health...
- IRDAI commission proposal may push PB Fintech closer to insurance manufacturing, says Yashish DahiyaThe company said lower distribution commissions could alter the economics of its existing model and make insurance manufacturing a more rel...
- Adani Group sets Rs 1 lakh crore Bengal investment target, unveils Rs 4,000 crore hospitalGautam Adani announced plans to invest over Rs 4,000 crore in a healthcare facility in West Bengal. This investment will establish a 2,000-...
- GCCs may trim 30,000 routine roles to fire up 1.5 lakh tech role explosionArtificial intelligence-led productivity gains and global headcount reductions are driving job cuts in some centres, while small GCCs doing...
- Microsoft announced 3,200 Xbox job cuts in July. Now, it may cut hundreds more this weekMicrosoft may fire hundreds of employees from its Xbox division this week. This was on top of the 3,200 job cuts the tech giant announced j...
- In 2000, Henry Kravis offered Joe Plumeri a job after a chance Paris meeting; the result made him Willis CEO despite limited experience in insurance and LondonJoe Plumeri’s unexpected Paris meeting with Henry Kravis in 2000 led to an opportunity to run Willis. After 32 years with Citigroup and its...
- ET Business Growth Summit Chennai: Innovation and R&D key to unlocking MSME potentialThe ET Business Growth Summit in Chennai saw industry leaders emphasising stronger collaboration among businesses, policymakers, and instit...
- Volkswagen workers demand action as German auto jobs face cutsIn a recent meeting, Volkswagen's employee representatives expressed the urgent need for management and policymakers to take decisive actio...
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