Staff Attrition

Average salary hikes in India will be lower in 2023 compared to 2022, says EY's 'Future of Pay 2023' report. E-commerce, professional services and IT to the biggest hikes

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

Analysts see risk of attrition due to the shift in culture its implementation

Those in the know say the full force of the impact of global layoffs in India will be felt in the retail division

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

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

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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

Several CEOs of IT companies in India have said that companies need to be cautious amid macroeconomic uncertainties

The new centre in Guadalaraja will enable the company to serve its local and international client base across industries

A few companies are also stepping back to give their employees reboot time

Only 9% of managers say hybrid work model gives them confidence that employees are productive

Overall, the company at a group level has a workforce of around 10,000 people

The company's business has taken a hit in recent months as recession fears and competitive pressures hit digital ads sales

Twitter Chief Executive Parag Agrawal moved to reassure employees on Wednesday that Zatko's accusations were foundationally, technically and historically inaccurate

Aviation regulator DGCA forced to interfere as mass leaves threaten operation and safety

TCS which had shared in Q4 of FY22 the hiring target of 40,000 for FY23, said the target remains

The UK discount carrier will now operate at around 87% of pre-Covid capacity in three months ending June 30, increasing to about 90% for its fiscal fourth quarter through September, a statement said