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  • US jobless claims likely remained high as layoffs persist Oct 01, 2020 06:29 PM IST

    US jobless claims likely remained high as layoffs persist

    Many employers, especially small retailers, hotels, restaurants, airlines and entertainment venues, are still struggling. And millions of Americans are facing unemployment with vastly diminished aid since the expiration of a $600-a-week federal benefit this summer.

  • Vistara CEO Leslie Thng says no layoffs; salary cuts to be reviewed in January 2021 Sep 20, 2020 04:45 PM IST

    Vistara CEO Leslie Thng says no layoffs; salary cuts to be reviewed in January 2021

    Domestic airlines industry has been significantly impacted by the coronavirus pandemic and subsequent suspension of local and international flight services.

  • Hit by ransomware attack, COVID-19, Cognizant Q2 profit down 29% Jul 30, 2020 11:01 AM IST

    Hit by ransomware attack, COVID-19, Cognizant Q2 profit down 29%

    The company's headcount falls to 2,81,200 employees, a 35 percent drop compared to the March quarter. Chief Financial Officer Karen McLoughlin steps down.

  • Wipro's bench employees face pay cuts amid COVID-19 Jul 28, 2020 01:44 PM IST

    Wipro's bench employees face pay cuts amid COVID-19

    These employees will now be moved to a three-month extended bench to help find new projects. Failure to secure other projects could result in termination. Company silent on how many will be affected.

  • COVID-19 impact: Tech Mahindra's headcount falls by 2,000 for June 2020 quarter Jul 27, 2020 08:20 PM IST

    COVID-19 impact: Tech Mahindra's headcount falls by 2,000 for June 2020 quarter

    The drop in headcount a combination of voluntary and involuntary attrition.

  • US layoffs stuck at high level as 1.3 million seek jobless aid Jul 09, 2020 06:45 PM IST

    US layoffs stuck at high level as 1.3 million seek jobless aid

    Thursday's report from the Labor Department showed that the number of applications for unemployment aid fell from 1.4 million in the previous week. The figure has now topped 1 million for 16 straight weeks. Before the pandemic, the record high for weekly unemployment applications was fewer than 700,000.

  • Capgemini lays off bench employees, gets notice from Pune Labour Commission Jul 09, 2020 02:59 PM IST

    Capgemini lays off bench employees, gets notice from Pune Labour Commission

    Capgemini argued that the layoffs are purely based on performance

  • COVID-19 impact | Oyo to lay off majority of furloughed US employees: Report Jun 25, 2020 10:27 PM IST

    COVID-19 impact | Oyo to lay off majority of furloughed US employees: Report

    The furloughed employees were informed about this development by Chief Operating Officer Abhinav Sinha.

  • COVID-19 impact: Cognizant lays off bench employees as business takes a hit Jun 24, 2020 04:22 PM IST

    COVID-19 impact: Cognizant lays off bench employees as business takes a hit

    A company spokesperson says it is a performance management measure, which is a process across all companies in the IT industry.

  • AT&T plans to cut thousands of jobs, close stores, company tells union Jun 17, 2020 11:45 AM IST

    AT&T plans to cut thousands of jobs, close stores, company tells union

    The U.S. telecom and media giant also plans to permanently close over 250 stores, which would impact about 1,300 retail jobs, the union said.

  • COVID-19 impact | Oberoi Realty lays off 75 employees Jun 10, 2020 03:19 PM IST

    COVID-19 impact | Oberoi Realty lays off 75 employees

    Employees will be compensated for the period of the lockdown and will be paid their balance dues in full compliance with all applicable HR compliances, the company said.

  • #JusticeforEmployees | Upcoming SC judgement make employees hopeful amid IT layoffs Jun 07, 2020 01:48 PM IST

    #JusticeforEmployees | Upcoming SC judgement make employees hopeful amid IT layoffs

    According to National Information Technology Employees Senate (NITES), the IT union has filed complaints for over 68,000 employees just in Maharashtra region for terminations and pay cuts during COVID-19.

  • Many more likely sought US jobless aid even as layoffs slow Jun 04, 2020 07:00 PM IST

    Many more likely sought US jobless aid even as layoffs slow

    The pace of job cuts has been declining over the past two months after the coronavirus had struck hard in March, forced widespread business closures and sent the economy into a deep recession.

  • Coronavirus impact: Home Credit India lays off 1,800 employees May 28, 2020 10:15 PM IST

    Coronavirus impact: Home Credit India lays off 1,800 employees

    "The unprecedented coronavirus pandemic has affected every aspect of our life. It has impacted each one of us, our families, our customers, partners and businesses. These trying circumstances have compelled us to revisit and re calibrate our business strategy keeping sustainability and business continuity in mind," the company said in a statement.

  • Coronavirus unleashing new wave of US layoffs May 28, 2020 06:45 PM IST

    Coronavirus unleashing new wave of US layoffs

    New claims for state unemployment benefits totaled a seasonally adjusted 2.123 million for the week ended May 23, from a revised 2.446 million in the prior week, the Labor Department said on Thursday.

  • Boeing slashes 12,000 jobs as coronavirus seizes travel industry May 27, 2020 10:35 PM IST

    Boeing slashes 12,000 jobs as coronavirus seizes travel industry

    The layoffs are expected to be concentrated in the Seattle area, home to Boeing's commercial-airplanes business.

  • Britain's Rolls-Royce to lay-off 9,000 jobs May 20, 2020 11:56 AM IST

    Britain's Rolls-Royce to lay-off 9,000 jobs

    The job losses would mostly take place in its civil aerospace business, the company said, as it started consultations with unions.

  • Is it fair for Labour Commission to question termination and salary cuts by IT firms? May 19, 2020 07:01 PM IST

    Is it fair for Labour Commission to question termination and salary cuts by IT firms?

    According to industry watchers, layoffs are inevitable as business volumes come down and uncertainty around when the economy would recover.

  • COVID-19 impact | Cognizant, Infosys defer lateral hires' on-boarding, uncertainty for hundreds of candidates May 14, 2020 07:13 AM IST

    COVID-19 impact | Cognizant, Infosys defer lateral hires' on-boarding, uncertainty for hundreds of candidates

    After Cognizant, Infosys too has deferred on-boarding of freshers due to COVID-19. More companies are likely to follow.

  • IT unions have gained traction in the recent times, but where will this lead to? May 10, 2020 01:18 PM IST

    IT unions have gained traction in the recent times, but where will this lead to?

    Recent layoffs where thousands of mid and senior employees were laid off and terminations at the back of COVID-19 has spurred the unionisation activities

  • US private payrolls plunge by a record 20.2 million in April May 06, 2020 08:37 PM IST

    US private payrolls plunge by a record 20.2 million in April

    The plunge in private payrolls shown in the ADP National Employment Report on Wednesday suggested that national lockdowns to slow the spread of COVID-19, the respiratory illness caused by the virus, could leave lasting scars on the economy, even as large parts of the country reopen non-essential businesses.

  • Robotic Process Automation firm Automation Anywhere starts layoffs Apr 28, 2020 07:06 AM IST

    Robotic Process Automation firm Automation Anywhere starts layoffs

    The company was valued $6.8 billion and has raised $290 million 840 million. Softbank was its biggest investor and has invested $550 million.

  • Coronavirus-led layoffs | People + Work Connect, a platform to connect laid off employees with companies Apr 14, 2020 09:30 PM IST

    Coronavirus-led layoffs | People + Work Connect, a platform to connect laid off employees with companies

    The analytics-driven platform, People + Work Connect, was designed by Chief Human Resources Officers from Accenture, Lincoln Financial Group, ServiceNow and Verizon

  • Coronavirus impact | Large-scale job losses likely in textile and retail sectors Apr 13, 2020 08:56 PM IST

    Coronavirus impact | Large-scale job losses likely in textile and retail sectors

    The industries expect government support for only a short duration – just long enough for them to survive and ensure, in turn, the survival of millions of livelihoods

  • Korean Air puts 70% of staff on leave Apr 08, 2020 11:12 AM IST

    Korean Air puts 70% of staff on leave

    The airline industry is among the sectors worst hit by the virus and the ensuing travel restrictions, with thousands of flights cancelled, routes cut, and companies facing financial turmoil.

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