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SALARY CUT CONSEQUENCES
Gurgaon techie left Rs 18 LPA job fearing AI layoffs, for a Rs 10 LPA bank job. Now, he wants his IT job back. Why?A Gurgaon-based professional left an Rs 18 LPA IT job fearing AI-driven layoffs and took an Rs 10 LPA public-sector bank role in Chandigarh...- Divorce dispute turns into legal battle: The financial costs a husband may faceThe aftermath of matrimonial disputes often lingers long after a marriage has ended, imposing hefty financial and legal challenges on men. ...
- Warren Buffett said Berkshire Hathaway would be worth half without this company – although it kept shrinkingWarren Buffett once told his shareholders that without one particular acquisition, Berkshire Hathaway “would be lucky to be worth half of w...
- 'You aren't successful if you need Rs 3 lakh a month just to survive': CA explains the hidden trap of lifestyle inflationUrban professionals are increasingly trapped by rising lifestyle costs, not low income, according to Chartered Accountant Nitin Kaushik. He...
- Salaried employees beware! These 5 mistakes during ITR filing can trigger unexpected tax demandsWith the ITR filing season for AY 2026-27 now underway, many salaried taxpayers who faced TDS shocks in the last quarter of FY 2025-26 are ...
- Elon Musk’s DOGE claimed to have saved $160 billion, but it may have cost Americans atleast $135 billionElon Musk's Department of Government Efficiency (DOGE) claims significant savings, but a new report suggests its policies could cost taxpay...
- What's stopping rivals from lining up to pick up Paytm's talent poolCompetitors and other startups are eyeing talent within Paytm amid its current challenges. However, the company's reputation for offering s...
- Lockdown forcing you to stop SIP in mutual funds? Try the pause option firstMost fund houses offer the pause facility – the option allows investors to pause their SIPs for one to three months and restart their SIPs ...
- Ask national carrier to roll back 10 per cent pay cut: Air India unions to PuriEight employees' unions of Air India requested Hardeep Singh Puri to ask the airline to roll back its decision to cut 10% pay of its employ...
- Berger says no to job or salary cut during coronavirus crisisBerger said it has decided against any involuntary furloughs or organisational restructuring that may lead to downsizing of headcount and c...
- 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.
- Covid crisis the perfect opportunity to turn Indian aviation around: SpiceJet's Ajay SinghSpiceJet CMD Ajay Singh said it was the perfect time to bring about structural reforms in aviation sector.
- It's confirmed: For private sector salaries, this was the worst year in a decadeData from CMIE confirmed that appraisals were low everywhere in this season of discontent.
- Union cabinet ministers Maneka Gandhi and Birender Singh protest against cuts in budget allocationThere are rumblings of dissent within Modi government, with at least two Cabinet ministers complaining against massive cuts in budget alloc...
- Wage disclosures could lead to salary cuts, job changeThe findings suggest that top salaries are cut because they appear excessive, regardless of whether the reductions in pay are good policy.
- An MBA doesn’t mean big money, graduates of 37% of schools start at Rs 3 lakh: ReportThe report predicts an improvement in the occupancy rate in the next two years, though, as several "B-grade B-schools" are shutting shop.
- Decline in consumer optimism likely to continue in 2013: Credit SuisseThe downward trend in consumer optimism is likely to continue this year due to adverse macro conditions, high inflation and slower growth i...
- Romania to cut 54,000 public sector jobsRomania is to cut 54,000 jobs in the public sector in a move to curb its public deficit, the centre-right government announced on Thursday.
- Google to slash 200 jobs worldwideInternet search giant Google Inc is planning to cut nearly 200 jobs in sales and marketing operations worldwide, as the entity grapples wit...
- No lay-offs, salary cuts despite 3-day week: Ashok LeylandDispelling fears of lay-offs due to production cut at its manufacturing units, Hinduja flagship company Ashok Leyland said it will pay its ...
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