Tag: termination
Cars24 lays off 600 employees on basis of ‘poor performance’
The pre-owned e-commerce platform, CARS24 has announced that the company is laying off around 600 employees due to poor performance.
CARS24 has a nearly 9,000-strong workforce. The...
Dept proceedings necessary even for termination of temp employee: HC
The Madras High Court has recently observed that the employer should follow the procedures of departmental proceedings even for the termination of a Temporary...
Edtech firm Vedantu lays off 424 employees
Edtech firm Vedantu CEO Vamsi Krishna said in an email to employees that the company has laid off 424 people. That is about 7...
Twitter CEO says two leaders to depart, hiring paused amid Musk...
Two senior Twitter leaders who oversee the consumer and revenue divisions will depart the social media company, Chief Executive Officer Parag Agrawal told employees...
Henkel is slashing 2,000 jobs due to rising costs and low...
Germany's Henkel is slashing 2,000 jobs in response to rising costs and low demand for its shampoos and hair sprays and aims to make...
Robinhood to lay off 9% of full-time employees
The U.S. financial services company Robinhood Markets Inc. declared that it would be laying off about 9% of its full-time employees by removing the duplicate...
Musk acquired Twitter: employees fear layoffs and future
Elon Musk takes over Twitter, one of the most popular social media platforms in the world, for a whopping $44-billion cash deal.
The 16-year-old company will...
Thousands of layoffs are planned as part of Novartis restructuring
Novartis AG has confirmed that it would cut jobs as part of a wide-ranging restructuring aimed at saving $1 billion by 2024.
The Swiss healthcare...
Meesho lays off 150 employees from the grocery business
According to an ET report, e-commerce startup Meesho has laid off 150 people from its grocery business. The positions were axed after the company restructured and...
BharatPe sacks Ashneer Grover’s wife Madhuri Jain
In a first big jolt to Ashneer Grover, BharatPe has terminated the services of his wife Madhuri Jain Grover, head of controls at the...