Jobs And Employees

The mass tech layoffs of 2022 are continuing into the new year, and Indian companies and startups are among the leaders in firing staff

The company's founder chief executive, Girish Mathrubootham too termed it as a structural change, rather than a company-wide layoff

An increase in the worker population ratio reflects the higher engagement of people in productive activities, said union minister Jitendra Singh

Tough trade-off: Companies want job guarantee for people they've laid off, but on a bargain

The new rule states that a unit will have to only maintain the lists of employees who are allowed to follow WFH or from any place outside SEZs

Amazon Food had onboarded 3,000 partners including QSR brands such as McDonald's and Domino's Pizza; some 25 people working on the project have all have been absorbed by the company

The small office of six employees was cut to two in recent weeks following Elon Musk's dramatic culling of staff, according to people with knowledge of the exits

The ceiling was last revised in 2014 from Rs 6,500 per month to Rs 15,000 and is applicable only to enterprises that have more than 20 workers

This comes amid, several cost-cutting measures by Musk to make Twitter more profitable, including layoffs across Twitter offices around the world

The news on layoff at Google has come within days of a letter that hedge fund TCI, an investor in the company, wrote to Alphabet. TCI has shares worth $6 billion in Alphabet

Damien Viel, who confirmed his departure in a separate message to Bloomberg, had led the region for about seven years

Sources say attempts being made to absorb staff in other units

Many employees working from home during the pandemic took up side jobs without the approval of their parent firm

Confidence in the company has eroded so rapidly that, even before Musk's bankruptcy comments, some funds were offering to buy the loans for as little as 60 cents on the dollar

The affected workers have now created a WhatsApp group to share their concerns. A majority of the about 300 people in the group are from India, the report said

More than 9 in 10 Indian employees believe that a hybrid work environment improves work-life balance and over 7 in 10 say that the hybrid work model is more productive, a report showed

Some of those who are being asked to return were laid off by mistake, according to two people familiar with the moves

Product and engineering teams were gutted by well over 50%, according to two sources, and other groups - like communications, marketing, human rights and diversity - were almost completely eliminated

The global workforce reductions are expected to affect 3,700 jobs - about half of the company.

The lay-offs in India were across segments such as policy, communication, engineering and development, said sources in the know