Staff Attrition

India to see avg salary hikes of 10.2% in 2023, biggest in e-commerce: EY

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

SaaS major Freshworks lays off 90 employees globally; 60 in India

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

ICICI Bank adopting a 360-degree approach in corporate banking business

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

'What if I'm next?' Fear grips Amazon India employees amid global layoffs

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

Twitter bankruptcy possible if cash burn doesn't stop, Musk tells employees

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

After firing half of Twitter's workers, Musk now asks some to return

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

Top Headlines: FM likely to begin pre-Budget talks, Musk defends layoffs

Business Standard brings you the top headlines at this hour

Job cuts at Twitter spur concerns about US midterms, human rights

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

As job cuts begin at Twitter, Elon Musk decries 'massive' sales drop

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

Twitter fires majority of employees in India as part of global layoffs

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

Indian IT companies cut hiring amid US, Europe recession fears: Report

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

HCLTech to boost presence in Mexico; to hire 1300 employees over next 2 yrs

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

India Inc turns to tech, outreach to get quiet quitters motivated, engaged

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

Productivity 'hyper focus' hurting employees, causing attrition: Report

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

Ola group drives back on layoff plan for nearly 200 engineers, for now

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

Meta aims to cut costs by at least 10% within next few months: Report

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

Twitter staff exodus accelerates amid Musk battle, attrition hits 18.3%

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

Labour pain for pvt domestic airlines as staff threaten mass leave over pay

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

No signs of slowdown in attrition at TCS; firm says it has enough hands

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

EasyJet cuts more flights to try to manage disruption, sees cost hit

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