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LAYOFF VERSUS TERMINATION
Manager who was about to be fired turned potential layoff into promotion: ‘Instead of updating resume he…’A Gurgaon tech manager faced termination but presented a fake AI product saving the company crores. This led to a promotion instead of a la...- AI can't steal your job! A China twist can avert AI jobs apocalypseA Hangzhou court has set a precedent, ruling that companies cannot use AI automation as a blanket justification for firing workers. The dec...
- Creating a mirage called employee: Another way a management can manipulate profits and mislead investorsJust another line item near depreciation and finance costs, with the real assumptions and calculations buried deep in the notes. That is pr...
- Employee placed on PIP after HR rejects mutual separation with severance, internet gives bold suggestionsAn employee at a Fortune 500 firm has ignited an online debate around performance improvement plans (PIPs), severance entitlements and empl...
- Employee laid off via text message: What the employer said and how the internet reactedThe employee said he had been with the organisation for only a few months when he spotted an anomaly. While reviewing the work schedule for...
- Feeling overworked? Underpaid? The real villain is not your boss. This viral post explains whyA Reddit user claims that HR and managers often disregard employee concerns, benefiting investors over staff. The post highlighted unfair m...
- Wall St falls after mixed earnings, downbeat manufacturing dataKeeping a lid on Dow's losses, Caterpillar advanced 7.4% as the global economic bellwether reported a rise in second-quarter profit, though...
- Cognizant to lay off around 3,500 employees as part of rejig programmeLayoffs at Cognizant follow that of Accenture, which in April announced that 19,000 employees would be let go globally.
- Indian fintech faces tough 2023; PayU India lays off 6% of employeesThe operating environment is expected to get tougher for Indian fintech startups next year amid a worsening funding winter and regulatory c...
- Market to be very weak ahead of Fed meet, don’t expect big selloff: Ajay BaggaFed rate hike only 60% of the time leads to a recession, normally from the start of a Fed rate hike12 months, 24 months the markets tend to...
- Already grappling with automation & protectionism, IT sector has a new threat - unionsIT employees for decades have enjoyed double-digit pay hikes, comfortable work conditions, established redressal mechanisms and lavish perk...
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