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VOLUNTARY PAY CUT
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...- Snap layoffs grow as AI push leads to 1,000 job cuts and major cost savingsSnap layoffs show how AI is changing jobs in big tech companies. The company is cutting workers to save money and improve speed using new t...
- After layoffs, Microsoft targets 7% of US workforce for buyouts - who’s affected?Microsoft is offering voluntary retirement buyouts to approximately 7% of its U.S. workforce for the first time in its 51-year history. Thi...
- Meta tells staff it will cut 10% of jobs in push for efficiencyMeta Platforms is set to lay off approximately 8,000 employees, about 10% of its workforce, on May 20. This significant workforce reduction...
- ZEE MD & CEO Punit Goenka takes voluntary 20% pay cut in cost-cutting driveZEE Entertainment's CEO, Punit Goenka, announced a 20% reduction in his remuneration, aligning with the company's focus on frugality, optim...
- Broadcasters restore pay cuts with revival in ad spendsZee and Viacom18 will pay salaries at pre-Covid levels starting this month, company insiders with direct knowledge of the matter said. Indi...
- COVID-19: L&T Group chairman, directors take voluntary salary cut of up to 53%group chairman A M Naik drew a total remuneration of Rs 6.18 crore for 2019-20 as against Rs 8.15 crore in 2018-19, according to the annual...
- Halt 'abominable' compulsory leave without pay scheme of AI: Employee unions to Puri"We are deeply ashamed to say that it seems that after praising our Air Indian Corona Warriors at grand functions, respectfully, the govern...
- Startups like Zomato, Oyo offer more Esops to staff to ease pay cut painIn April, Zomato initiated a voluntary salary reduction programme, which also offers affected employees’ additional stock in lieu of the ca...
- Oyo founder, Ritesh Agarwal, to forgo pay for 2020Startups have started laying off staff and, in some cases, asking employees to take pay cuts as they look for ways to weather the impact of...
- Covid-19: Oyo chief to forgo remaining annual salaryThe company's entire executive leadership team has taken a voluntary pay cut starting at 25 per cent, with many opting for an additional un...
- Apollo Tyres leadership team takes pay cut due to coronavirusGurugram-based Apollo Tyres Friday said it’s leadership team has announced a voluntary reduction in pay due to the impact of COVID-19 on th...
- Top Tech Mahindra executives offer to take 10-20% pay cut for company's poor showThe pay cut comes on the heels of the firm deferring salary hikes to 500 executives at VP level and above, as also to those with over six y...
- Anil Ambani tops pay chart; Mukesh biggest dividend earnerThe top-five include Kalanithi Maran and Kaveri Maran with packages of Rs 37.08 cr each, P R R Rajha (Rs 28.7 cr) and Naveen Jindal (Rs 28....
- British Airways says 800 staff to work for freeTroubled British Airways said on Thursday that 800 staff had agreed to work for free for up to one month, forming part of almost 7,000 work...
- CEOs taking voluntary pay cuts to stave off job lossesIndian executives are presenting a picture of contrast to their peers in West where there is resistance to forego bonuses and perks. Job-cu...
- Go for voluntary pay cuts during crisis: Sadhguru Jaggi VasudevNot having enough work on your hands could be seen as a possibility to explore new ventures
- Jet's Indian pilots firm that before pay-cuts, expats must goThe stalemate between Jet Airways management and its domestic pilots continues with the latter firm in their stand that the airline must fi...
- Jet wants employees to take voluntary pay cut by Dec 15Jet Airways asked its employees to take a voluntary pay cut.
- Jet proposes 5-10 pc salary cut for employees, VRSJet Airways was on Sunday understood to have suggested a 5-10 pc salary cut for its employees drawing above Rs 75,000 pm. Reshape your care...
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