“Airbnb’s business has been hit hard, with revenue this year forecasted to be less than half of what we earned in 2019,” founder Brian Chesky said in a memo to employees.
The government must take proactive measures such as providing subsidised financing and tax breaks for corporates to pay salaries and compensate for loss caused due to government’s measures to tackle COVID-19
The potential job cuts are expected to largely target Boeing's commercial arm, the report added.
Bosch India MD Soumitra Bhattacharya confirmed that the layoffs would take place over the next four years
Cognizant looking at sacking more than 6,000 employees this year. Company says standard practice but is this is an impact of automation?
The Pennsylvania-based chocolate company also lowered its forecast for long-term sales growth to between 2 and 4 per cent, down from the previous 3 to 5 per cent, J.P. Morgan analyst Ken Goldman noted.
Watch accompanying videos of CNBC-TV18's special 'Future of Work' to know more about Axis Bank's strategy to drive up workforce productivity.
The company has already invested USD 450 million in the Indian market to strengthen its R&D capabilities and on driving innovation through investment in tech companies.
The projection compared with MediaTek's current staff of around 12,000 worldwide, and came as chairman M.K. Tsai said the company will host 50 Indian engineers before the end of the year in Taiwan as part of a collaborative government training program on smartphone design.
But along with that the employment growth rates have started to dip, NV 'Tiger' Tyagarajan says. The percentage addition of employees in India will not be same as past. And due to advancements, a workforce with higher skill sets is required for the IT industry, he says.
Watch a special conversation between Ronojoy Banerjee of CNBC-TV18 and Suraj Saharan of Delhivery and Manish Sabherwal of Teamlease.
Kronos Incorporated announced recipients of its Kronos Customer Excellence ...
The under-representation of women in workforce, according to the survey, is largely owing to the stereotypical choice of higher education. More than 61 percent of women choose non-professional courses, reducing their chance to get gainful employment opportunities.
The paid maternity leave has been extended to 180 days from the present 84 days, while paid paternity leave has been doubled to 10 days, it said in a statement. The move is aimed at retaining talent and enable employees to reach their full potential, so that they can balance work and day-to-day life
A whopping 97.7 percent of India's workforce has not undergone skills training, and the country could benefit substantially from investment in vocational education and training (VET), a report has found.
French engineering major Alstom plans to hire 200-250 engineers annually in India over the next 3-4 years as it looks to double business to 800 million euro (about Rs 5,700 crore) in the country.
Although women make up at least 20 percent of India's 40 million construction workers, they are less recognised than male workers with lower pay and often prone to safety hazards and sexual harassment
According to the report, which surveyed retail organisations, central and state government officials for the PwDs welfare, NGOs and PwDs working in the space, nearly 70 percent recorded that hiring these people reduced attrition rates.
The New Jersey-headquartered firm's headcount stood at about 1,66,400 for the third quarter ended September 30, 2013. At an event organised at the Texas A&M University in the US yesterday, Cognizant President Gordon Coburn said the firm is one of the largest STEM recruiters in the country.
Pharmaceuticals major Ranbaxy Laboratories today said it has no plans to reduce its workforce and is focusing on improving performance and productivity.
The company, which has struggled to claw back market share from the likes of Apple Inc's iPhone, Samsung Electronics Co Ltd's Galaxy phones, said it expects to report a net operating loss of about USD 950 million to USD 995 million in the quarter ended August 31, due to writedowns and other factors.
Of the 47.29 crore people employed, 23.46 crore were rural males, 10.18 crore rural females, 10.92 crore urban males and 2.73 crore urban female, it said.
The projections detailed in a report released Tuesday envision Apple hiring 7,400 more workers at its Cupertino, Calif., headquarters between now and the planned completion of a new office complex in 2016.
PwC's Annual Survey of Global Mobility Policies demonstrates shifts in employee assignment programs.
India has emerged as one of the most optimistic economies in the world where more than two- thirds of employers are planning to add full-time and permanent workforce in 2013, reveals a study