United Airlines is reportedly looking to slash at least 3,400 management and administrative positions in October due to the slump in air travel demand amid the coronavirus pandemic. According to internal memos sent by the company to employees, accessed by Reuters, the company informed its staff about the possible job cuts, including the flying team.…
The corporate sector has been witnessing remote work for quite some time now and employees now feel reluctant to return to usual office scenarios due to the coronavirus pandemic. Addressing these concerns of employees regarding contracting the virus, several corporations have extended their remote working policy. After Amazon Inc stretched its work from home policy…
American IT services company, Cognizant has recently entered into an agreement to acquire Collaborative Solutions, a US-based global consultancy firm. The company specializes in Workday enterprise cloud applications for finance and human resources. The transaction is expected to be closed in the second quarter of 2020, subject to regulatory clearance and satisfaction of certain closing…
Online retail giant Amazon Inc has reportedly told staff whose job can be done from home that they can do so until at least October 2, Reuters reported. Brushing out the timeline on a return to work for many employees, the move is seen as an outcome of the scrutiny the company is facing over…
Indian IT major Wipro recently announced that it has signed a Memorandum of Understanding (MoU) with the state government of Maharashtra under which it will repurpose one of its information technology campuses at Hinjewadi in Pune to a 450-bed intermediary care COVID-19 hospital in four weeks and hand it over the state government. The hospital…
Indian tech company Wipro was recently sent a notice by the Pune Labour Commission after complaints and media reports regarding the company benching 300 employees surfaced. As per the notice sent by the commission, the company has been asked to take necessary steps regarding the same, failing which legal action will be taken against them.…
Tech giant and chipmaker Intel Corporation recently announced it has acquired Israel-based Moovit, a mobility-as-a-service (MaaS) solutions company, for approximately $900mn. Moovit is known for its urban mobility application that offers travelers around the world the best multimodal trip planning by combining public transportation, bicycle and scooter services, ride-hailing, and car-sharing. The addition of Moovit…
Budget-carrier Vistara recently announced that it has asked its senior employees to take compulsory unpaid leaves for upto four days in the months of May and June. In an attempt to sustain their businesses and prevent cash-burn the airline’s CEO Leslie Thng announced the decision to cut down employee-related costs. “For the month of May…
With remote working on the rise, more and more employees are experiencing pain and discomfort due to poor workstation set-up at their homes. Considering the pain of these employees, designer, and manufacturer of ergonomic office tools that improve the health and comfort of work-life, Humanscale has launched a campaign in India to offer online ergonomic…
The Indian offline retailers and industry association Confederation of All India Traders have always been up against the online marketplaces like Amazon, Flipkart and others for unfair market practices and deep discounting. There have been numerous times when the two have clashed in courts regarding these issues. But recently, in a bid to compete fairly…
After the second phase of lockdown came to an end, e-commerce websites in India are now finally get geared up for resuming of business in non-essential items. Although the Ministry of Home Affairs has given a go-ahead for resuming businesses, major Indian cities which makes a huge chunk of their sales, are still under lockdown…
IT company Tech Mahindra recently announced that it is putting a hold on incentives and wage hikes amid the coronavirus pandemic. As the coronavirus outbreak disrupts operations worldwide, the company is not looking at any clarity on business. However, the company said that its junior associates will still get their full remuneration packages. Talking to…
The automobile sector has been facing a sharp decline in its sale amidst the ongoing pandemic. Companies like Maruti Suzuki have for the first time reported zero sales, indicating how severely the crisis has hit the industry. Attempting to save its sales and further build customer network, Fiat Chrysler Automobiles India recently announced the launch…
British multinational engineering company Rolls-Royce Holdings Plc is reportedly planning to cut 15% jobs as the airline industry globally struggles to tide over the ongoing coronavirus crisis. According to a Financial Times report, senior executives of the aero-engine maker have begun work on a restructuring plan that would shrink the 52,000-strong workforce by up to…
The hospitality sector is one of the most affected by the ongoing coronavirus pandemic. With travel of any kind coming to a halt and governments imposing lockdowns, companies in the sector are bracing for severe impact. Recently, there has been multiple reports about layoffs and furloughs in the industry by the companies to save cost.…