Tag: Salary Cuts
Consulting firms defer salaries and promotions, Partners take pay cuts
Consulting firms Deloitte, KPMG, PwC, EY defer salaries and promotions, Partners take pay cuts
The Indian arms of the four large consulting and auditing firms,...
TVS Motor announces to cut staff salaries for six months
On 23 May 2020, Two-wheeler manufacturer TVS Motor Company has announced to cut the salaries of its employees starting this month, May 2020, as...
Tata Group top execs to take up to 20% salary cut
Tata Group top execs to take up to 20% salary cut in an effort to conserve cash
For the first time in the Tata Group’s...
HCL to pay bonuses, no pay cuts, honour existing offers
IT firm, HCL has emphatically declared that despite the slowdown, and the economic impact of coronavirus, they will pay all promised bonuses all 150,000...
Pune Labour Office has issued notice to Tech Mahindra
Tech Mahindra gets labour department notice over alleged complaints of salary cuts
Pune's Labour Office has issued a notice to Tech Mahindra Ltd. on a...
GoAir defers and part-pay salaries to a majority of its staff
GoAir on Monday said it will defer and part-pay salaries to a majority of its staff because of revenue constraints due to the lockdown...
Oyo furloughs some India employees, cuts fixed pay 25%
Oyo has asked some India employees to go on leave with limited benefits and cuts fixed pay of all by 25%
Oyo on Wednesday asked...
TCS not to lay off employees, freezes salary hikes
MUMBAI:Largest Indian software exporter TCS on Thursday said it will not retrench any of its nearly 4.5 lakh employees, but has decided not to give...
SpiceJet cuts March salary for all employees
Calling the pandemic an “unprecedented crisis,” SpiceJet has announced a 10-30% cut in March salary for all employees.
All employees in the middle and top-level will...