Finance Minister Nirmala Sitharaman announced that the government will pay the EPF contribution both of the employer and the employee (12% each) for the next three months. The good news is applicable for establishments with up to 100 employees, where 90% of employees drawing less than Rs 15,000 salary. “This is for all those establishments…
Taking into consideration the impact of the coronavirus pandemic on businesses, Zomato recently announced that hundreds of its employees are taking a voluntary deep cut in salaries to help the company sustain. In a series of tweets, Zomato CEO Deepinder Goyal announced that hundreds of employees have taken deep voluntary salary cuts to help the…
India is under complete lockdown due to the coronavirus epidemic. Despite different measures taken by the government on all levels, the number of coronavirus cases in the country are still on the rise. The central government of India has recently announced an economic bailout package to deal with the ongoing crisis. Many sectors are severely…
Coronavirus pandemic has engulfed the entire world, creating nation lockdowns in most countries which have put immense impact on businesses of all forms, creating job losses and shutting down manufacturing operations across the globe. However, there is news from China that its industries have started operating as the country has no new coronavirus cases. But…
Elixinol, a global hemp derived CBD brand, announced it has named Tom Siciliano as the organization’s new CEO Americas effective immediately. Siciliano is charged with leading Elixinol’s refined strategy on hemp derived CBD in the Americas region. “We are delighted to appoint a leader with Tom’s strategic, financial, operational and sales experience,” said Stratos Karousos,…
Family-owned Bacardi has expanded its commitment across countries and brands to help produce more than 267,000 gallons (1.1 million liters)of hand sanitizers, as worldwide demand continues to exceed supply in efforts to reduce the risk of COVID-19. This week, eight Bacardi-owned manufacturing sites across the United States, Mexico, France, England, Italy and Scotland are joining…
Trade association for talent management Worldwide ERC recently announced that Lynn Shotwell, GMS, SHRM-SCP, will join the organization as its new President & CEO on March 30. As an accomplished association executive, Shotwell brings a track record of successfully leading global workforce and talent mobility organizations to her new role. With more than 20 years…
The COVID-19 pandemic is an ongoing global crisis. As the situation continues to evolve, businesses around the world find themselves in uncharted territory as they scramble to manage through the crisis. This includes learning and development organizations who will have to make major changes in their delivery approach almost overnight. In response to this unprecedented…
Log management platform Humio, recently announced that it has raised $20mn in Series B funding round. The funding round was led by Dell Technologies Capital, the global venture capital investment arm of Dell Technologies along with existing investor Accel. With the recent investment, the company plans to increase its capabilities to keep pace with demand…
TierPoint, a leading provider of secure, connected data center and cloud solutions at the edge of the internet, announced it has reached an agreement that will result in new, preferred equity investments totaling $320 million, which the company expects to be closed and funded by mid-April. The $320 million of preferred equity is led by…
Volaris, the ultra-low-cost airline serving Mexico, the United States and Central America, announces that the spread of the COVID-19 (Coronavirus), declared a pandemic by the World Health Organization, and the related governmental travel restrictions have significantly reduced the demand for global air transportation. Accordingly, as of March 24th, 2020 Volaris will decrease capacity as measured…
Hyundai Hope On Wheels, a non-profit organization supported by Hyundai Motor America and its U.S. dealers, announces a donation of $2 million for COVID-19 Drive-Thru Testing Centers in partnership with children’s hospitals throughout the U.S. The COVID-19 pandemic has created a particular threat to children with cancer, many of whom have compromised immune systems. COVID-19…
A just released US study found that 69 percent of U.S. small businesses have already experienced a large drop in demand due to the coronavirus pandemic and 60 percent believe demand will continue to decline. The study of small businesses by America’s Small Business Development Centers (SBDC) and Thryv, Inc., found that 82 percent of…
In this challenging time when more than one in four Americans are under “shelter-in-place” orders, IBM is offering free tools to track reported COVID-19 cases near you and help you stay informed. Offered through The Weather Channel app, weather.com, and an online dashboard, this information is designed to help provide the latest details currently available…
CoreStack, a Seattle- Chennai based, venture-backed, Enterprise-Cloud Governance Technology Startup with R&D Centre in Chennai, recently announced an $8.5 million in Series A Financing round led by Naya Ventures with participation from strategic investors. With the recent funding, the company plans to add 20 more cloud specialists to its existing workforce of 64 in its…