Cloud-computing company Nutanix has reportedly confirmed furloughing a total of 1,465 employees in the United States, nearly 25% of the company workforce globally. According to a report by CRN, the company is reducing headcount due to “uncertain business conditions” stemming from the coronavirus pandemic. Speaking to the news website CRN, the company said that it…
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…
US-based hospitality firm Airbnb Inc recently announced that it has decided to lay off about 25% of its workforce, nearly 1,900 employees due to the impact of coronavirus pandemic on travel industry. Announcing the decision, company Founder Brian Chesky in a memo said that the company’s business has been hit hard as the pandemic has…
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.…
As the nationwide lockdowns continue, gym and fitness centers across the country remain closed piling up losses for the company that operates them or owns them. In an attempt to tide over the coronavirus crisis, health and fitness startup Cure.fit recently announced that it has decided to lay off trainers and downsize operations in several…
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…
US-based HR-tech company Namely has reportedly downsized 40% of its staff including some senior level executives and CxOs. According to a TechCrunch report, the eight-year-old startup has laid off over 400 employees or 40% of its workforce. The cuts are across the board, from high-ranking staffers, including a CFO who was brought on almost exactly two…
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.…
While the coronavirus pandemic has led to a surge in consumption of online streaming platforms, Singapore-based Hooq recently announced that it is filing for liquidation and has shutdown its services. According to a TechCrunch report, the five-year-old on-demand video platform has reportedly terminated its partnerships with Disney’s Hotstar, Grab and Indonesia’s VideoMax. A joint venture…
The coronavirus pandemic has brought us on the verge of a global recession. Some sectors of the economy are looking at a crisis, which would take years to recover. Among these are airline and travel industry. With governments imposing travel restrictions and nationwide lockdowns the airline industry has come to a standstill. Airline companies have…
American online travel company TripAdvisor recently announced that it has decided to lay off 900 employees or 25% of its global workforce due to the impact on travel industry because of the coronavirus pandemic. In a blog post, TripAdvisor CEO and Co-Founder Stephen Kaufer announced that the company would be reducing its workforce in light…
Giving a relief to students fearing an unemployment crisis due to coronavirus pandemic, NIT Warangal recently announced that its students have received plum job offers with 732 of them securing placements. According to a statement released by the institute, the students received a salary package as high as ₹43lk in the recently concluded placement drive.…
Retail giant Walmart’s tech arm Walmart Labs is reportedly planning to hire about 2,800 employees in India this year. According to a report by the Times Of India, the company will hire around 800 employees for operations in Chennai and another 2000 employees will be hired for joining the Bengaluru center. In Chennai, where it…
Venture Capital firm Sequoia Capital India’s recently announced that it has selected 15 early-stage startups from Southeast Asia- and India for its accelerator program Surge’s third cohort. Out of these 15 startups, seven are from India, while one-third of the startups in the batch have women founders. According to an official statement released by the…