Tag: layoff
Indian employees likely to get 15-30% salary hike in 2023, Report
According to the survey by Korn Ferry, the companies in India are projected to dole out an average salary hike of 15 to 30...
Tencent fires 100 employees for bribery and embezzlement
Asia's biggest internet company, Tencent Holdings Ltd fired more than 100 employees. The reason behind the termination is violating law and company policies in...
Microsoft to sack 11,000 employees worldwide
An American multinational technology company, Microsoft will sack 11,000 employees worldwide due to the global economic slowdown.
The year 2023 has begun on a bad...
Vodafone Idea faces mass resignation from sales team
According to reports, Aditya Birla Group and Vodafone Group partnership company, Vodafone Idea have faced mass resignation from the sales team.
According to reports,...
Ola fires 200 people in a fresh round of layoffs
According to Business Today, an Indian multinational ridesharing company, Ola has fired 200 people in a fresh round of layoffs.
The layoffs are across Ola...
Contractual staff can’t be sacked for poor performance without notice
The Kerala High Court has held that the contractual staff can't be sacked for poor performance without prior notice.
Case Background
The appellants were appointed as...
Unacademy builds LinkedIn competitor NextLevel, 40 people fired
In another round of layoffs, an Indian educational technology company, Unacademy will let go of around 40 people.
NextLevel, which was launched last month...
UK PM Rishi Sunak Plans New Law To Let Employers Fire...
The UK PM Rishi Sunak plans a new Law to let employers fire workers. This legislation will allow employers in essential sectors to terminate...
Over 30,000 lost jobs in Jan exceed December total in just...
In 2022, over 1 lakh employees lost their jobs across various sectors. But in less than 9 days in January over 30,000 employees have...
McDonald’s to sack employees; CEO Chris Kempczinski confirms
An American multinational fast food chain, McDonald's CEO Chris Kempczinski has confirmed that the company may layoff employees in April 2023 as part of...