Page 3 - Jobs And Employees

Over 1,600 tech employees being fired a day on average in January

The mass tech layoffs of 2022 are continuing into the new year, and Indian companies and startups are among the leaders in firing staff

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

Worker Population Ratio continues to grow, up by 5.8% in 4 years: Centre

An increase in the worker population ratio reflects the higher engagement of people in productive activities, said union minister Jitendra Singh

Layoff fallout: Outplacement firms have their hands full with flood of CVs

Tough trade-off: Companies want job guarantee for people they've laid off, but on a bargain

Centre allows 100% WFH for IT units in SEZs till December 31, 2023

The new rule states that a unit will have to only maintain the lists of employees who are allowed to follow WFH or from any place outside SEZs

Amazon to pull down shutters in food-delivery business in India on Dec 29

Amazon Food had onboarded 3,000 partners including QSR brands such as McDonald's and Domino's Pizza; some 25 people working on the project have all have been absorbed by the company

Twitter loses entire Brussels office after Musk's hardcore working culture

The small office of six employees was cut to two in recent weeks following Elon Musk's dramatic culling of staff, according to people with knowledge of the exits

EPFO wage ceiling likely to be raised from Rs 15,000 per month to Rs 21,000

The ceiling was last revised in 2014 from Rs 6,500 per month to Rs 15,000 and is applicable only to enterprises that have more than 20 workers

Musk refuses to reimburse 'millions of dollars' owed to Twitter vendors

This comes amid, several cost-cutting measures by Musk to make Twitter more profitable, including layoffs across Twitter offices around the world

In layoff season, Google may fire 10,000 'low performing' employees

The news on layoff at Google has come within days of a letter that hedge fund TCI, an investor in the company, wrote to Alphabet. TCI has shares worth $6 billion in Alphabet

Twitter France head Damien Viel quits amid mass layoffs, says 'It's over'

Damien Viel, who confirmed his departure in a separate message to Bloomberg, had led the region for about seven years

Layoffs are part of annual operating planning review process: Amazon

Sources say attempts being made to absorb staff in other units

Tech Mahindra to come out with moonlighting policy this month: Report

Many employees working from home during the pandemic took up side jobs without the approval of their parent firm

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

Facing deportation, sacked workers on US visas say Meta abandoned them

The affected workers have now created a WhatsApp group to share their concerns. A majority of the about 300 people in the group are from India, the report said

9 in 10 Indians believe hybrid job improves work-life balance: Survey

More than 9 in 10 Indian employees believe that a hybrid work environment improves work-life balance and over 7 in 10 say that the hybrid work model is more productive, a report showed

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

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