Tag: Salary Cuts
Ambani-backed startup Dunzo is unable to pay salaries again
An all-in-one 24X7 delivery platform, Mukesh-Isha Ambani-backed startup Dunzo is unable to pay salaries again.
DNA India has recently shared the email, Mukesh-Isha Ambani-backed...
Dunzo will pay 12% yearly interest on deferred salaries
An all-in-one 24X7 delivery platform, Dunzo has promised its employees to pay 12% yearly interest on held-back salaries.
The employees will receive interest on the...
Staff unpaid for months, startup rents Taj Land room for ₹80K/day
According to Inc 42 reports, Broker Network has burnt over INR 280 Cr in less than 18 months. Additionally, the company has not paid...
Infosys CEO Salil Parekh’s salary drops by 21%: Report
According to a report of Business Today, Infosys CEO Salil Parekh's total salary has been reduced for the financial year 2022-23.
The report also suggested...
HCLTech changes its HR policy, impact on salaries, NITES in action
An Indian multinational information technology services provider company, HCLTech has recently changed its HR policy related to employee compensation.
The company has revised its Engagement Performance...
Rishad Premji Wipro’s executive chairman takes half salary in FY23
A multinational corporation that provides information technology, consultant, and business process services, Wipro Chairman Rishad Premji has taken a 50 percent voluntary cut in...
Rendezvous with Dave Ulrich on Layoffs and Global Recession
Rendezvous with Father of Modern HR, Dave Ulrich on Layoffs and Global Recession
Dave Ulrich is the Rensis Likert Professor of Business at the Ross School,...
Wipro imposes test, after slashing salaries by 50% for freshers
Earlier, an Indian multinational corporation, Wipro reduced the fresher employees' salary by 50 percent from Rs 6.5 lakh to Rs 3.5 lakh per annum.
Wipro...
Meta may lower bonus payments of some employees
According to the reports, Facebook owner Meta will be lowering bonus payments for some employees. The bonus multiplier for that grade has been cut...
Amazon is likely to cut salaries of some employees by 50%
According to Business Insider reports, an American multinational technology company, Amazon corporate is likely to cut the salary of some employees by 50 percent.
Amazon Chief...