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LOCKDOWN LAYOFFS
US unemployment claims dropped to 206,000 last week with layoffs still sparseUS weekly jobless claims fell to 206,000 last week from a revised 212,000, signalling that layoffs remain historically low despite higher e...- US unemployment claims rise but remain at healthy levelUS jobless claims saw a slight increase last week, yet layoffs remain historically low. Current workers enjoy unusual job security as the l...
- Match Your AI Strategy to Your Organization’s RealityArtificial intelligence is often hailed as a game changer, but too many firms discover that their bold AI pilots collapse when their operat...
- US jobless claims rise to 215,000 but layoffs remain low despite Iran war uncertaintyThe persistently low number of claims suggests that most U.S. companies have not resorted to layoffs. But even if they're not cutting jobs,...
- US jobless claims rise to 215,000 but remain low despite Iran war uncertaintyAmericans sought more unemployment benefits last week. Layoffs remain low despite economic uncertainty. Jobless claims are up to 215,000. T...
- Disney to layoff about 32,000 workers in first half of 2021The layoffs will be in the first half of 2021, the company said in a filing with the Securities and Exchange Commission. Earlier this month...
- Lockdown affected work-life balance, WFH schedule doesn't let Indians spend time with familyJob cuts has led to an increase in work pressure thus impacting the work life balance.
- No adverse financial impact due to coronavirus pandemic: Hindustan MotorsThere has been no significant adverse impact on the company's financial position for the financial year ended March 31, 2020, as both of it...
- Lenders include COVID-19 query to clear home loan applications"We ask the applicants about the layoffs, pay cuts and losses in business due to coronavirus related lockdown before accepting their loan a...
- Uber’s job cuts, office closures reflect narrower ambitionsUber, which for years burned cash in exchange for user growth, had also faced challenges even before coronavirus hit. Its food delivery ope...
- Paytm temporarily adjusts employee leaves for smoother opsPaytm said this move will not only have a positive impact on the balance-sheet but will also help the company ensure that it continues with...
- Organised private sector plans layoff, salary cut amid COVID-19 crisis: ReportAmong the surveyed organizations, 73 per cent said they have plans to decrease the salary of employees, 57 per cent said this layoff is tem...
- Operational hands bear layoff bruntSoftware engineers, product managers, sales and marketing staff, and people in operational roles were the most impacted by layoffs at start...
- Pay cuts, layoffs: Startup morale under lockdownOver the past 4 weeks, at least two dozen top companies have fired employees and contract staff.
- Outplacement service providers for layoffs, restructuring witnessing 30% rise in queriesSectors like hospitality, aviation, retail, auto, engineering and manufacturing and BFSI are taking the lead right now in terms of queries,...
- Can’t sack staff: Companies get lawyers’ noticeTwo lawyers have replicated the SC's PIL concept to suo motu issue notice to three IT cos for sacking staff.
- Industry body asks Karnataka government to relax rules on layoffs, wagesThe Karnataka Employers’ Association has urged the state government to relax the rules regarding layoffs and not insist on payment of full ...
- Extensive hiring freeze, delayed onboarding imminent: SurveyThe survey had responses from 195 cos spanning a number of sectors like IT, manufacturing & banking.
- Global cos pledge not to lay off staffA no. of global companies - with a large presence in India have assured employees that there will be no or insignificant layoffs while the ...
- 2.43 lakh apprentices to get stipend during lockdown period, assures MSDEDuring the lockdown period due to COVID 19 pandemic the government will be paying Rs 36.3 crore to the establishments who would be claiming...
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