The ongoing coronavirus pandemic has crippled the world economy to the extent that many are estimating that this could spark a recession worse than the 2008 financial crisis. Many sectors of the economy like travel and airlines have come to a total standstill with the travel restrictions imposed by various governments globally. In an attempt…
Sandeep is a journalism and mass communication graduate with a keen interest in politics and business. He is a part of Research & Content team at HrNxt.com.
How coronavirus will change workplaces post lockdown
by
•The coronavirus pandemic has impacted normal worklife severely. The global economy came to a halt because of the pandemic and now every business and economist is waiting for it to be over as soon as possible. The decision of imposing nationwide lockdown by the government has now started to take a toll on the GDP.…
Furlough vs Layoff, the big difference
by
•The coronavirus pandemic isn’t only affecting people’s health and safety. It is also impacting people’s livelihoods as the virus hits the economy. The pandemic has brought the global economy to a halt. With restrictions on movement, nationwide lockdowns, and closure of businesses, the flow of money has become really slow. The virus has not only…
Does working from home cause sleep deprivation?
by
•The novel coronavirus has impacted all forms of life and has put everything on a halt for some time now. The pandemic has led to the world’s Work-From-Home experiment as organizations are now forced to shut offices to prevent transmission of the virus. Although one would like a work-from-home experience occasionally, the nationwide lockdowns have…
Coronavirus Impact: Travel industry becomes ground zero for job losses
by
•The coronavirus pandemic has now started to impact the world economy to another level. The novel virus outbreak, which was once considered to be China’s “internal problem”, has now become a global headache. The World Health Organization has now termed the outbreak as “pandemic”, forcing governments to act on war footing to combat the disease…
Pravin Jadhav resigns from Paytm Money as MD and CEO
by
•After several weeks of rumors about his differences with the company, Pravin Jadhav, the Managing Director and CEO of Paytm Money has resigned from the company. According to a news report by Entrackr, Jadhav had submitted his papers last week and it is being reported that he will be relieved by the end of April.…
IT employee union seek extended work from home, write to govt amid lockdown
by
•The novel coronavirus outbreak, which originated from China in December last year, has now spread to India forcing the government to impose a nationwide 21-day lockdown. The outbreak has now been termed as “pandemic” by the World Health Organisation. So far, the virus has claimed 47 lives and infected more than 1500 people. Organizations nationwide…
Root Inc. appoints Annette Reavis as Chief People Officer
by
•The parent company of Root Insurance, Root Inc., recently announced that it has appointed Annette Reavis as the company’s first Chief People Officer. Commenting on her appointment, Root Insurance Co-founder and CEO Alex Timm said, “Annette brings over 20 years of human resource and business experience to the Root Inc. family. Her passion for leading…
Kia Motors appoints Ho Sung Song as President
by
•Korean auto manufacturer, Kia Motors Corporation, has recently announced that it has elevated Ho Sung Song to the position of President of the organization. Song, who was earlier the Head of Global Operations Division will now be succeeding Han-woo Park. Post the appointment, Park will move on to an advisory role and continue to support…
Coverfox ramps up leadership team, investor Sanjib Jha takes charge as CEO
by
•In an attempt to get things back on track, online insurance startup Coverfox has recast its leadership team with Sanjib Jha joining the company as Chief Executive Officer. The company has also appointed Piyush Ranjan as the Chief Technology Officer and Manish Sultania as the Chief Finance Officer. Ranjan has worked with Ola, DoorMint, and…
Vedanta appoints Sunil Duggal as interim CEO
by
•Vedanta Limited recently announced the appointment of Sunil Duggal as the interim Chief Executive Officer of the company. Duggal’s appointment is followed by the resignation of Srinivasan Venkatakrishnan with effect from 5th April 2020, citing personal reasons. It is said that Venkat will rejoin his family in South Africa. Commenting on Duggal’s appointment, Vedanta Chairman…
Vedanta’s Srinivasan Venkatakrishnan to step down from CEO and Director position
by
•Vedanta Limited, a subsidiary of Vedanta Resources Limited, has recently announced that company CEO and Director Srinivasan Venkatakrishnan will step down from his position. Srinivasan has decided to resign from the position citing personal reasons and is expected to rejoin his family in South Africa. According to an official press release, the company said, “Srinivasan…
Softbank-backed fintech startup Kabbage furloughs staff; closes Bangalore office
by
•Softbank-backed American online small business lender Kabbage is furloughing a “significant number” of its 500-strong US team. It is also completely closing down its office in Bangalore, and executive staff is taking a “considerable” pay cut, according to a report by TechCrunch. The company CEO Rob Frohwein has cited, “economic fallout of this virus has…
Government employees give away their one-day salary to PM CARES Fund
by
•As India entered the 6th day of its nationwide lockdown due to the coronavirus pandemic, the government has step-up its efforts to further prevent the virus from spreading rapidly and contain it as soon as possible. The novel coronavirus which originated from China has now entered India. The Ministry of Health and Family Welfare has…
How to stay focussed and dedicated while working from home
by
•Work-from-home, remote working or telecommuting, whatever you may call it, but handling all your work-related tasks from the comfort of your couch is now becoming a normal thing and you won’t be judged for that. Due to the novel coronavirus pandemic, work-from-home is now the talk of the town. The coronavirus outbreak, which first originated…