People across the globe have faced challenging days in the past 18 months due to the coronavirus pandemic. Seeing this, tech giant Microsoft has announced gifting its employees a $1,500 pandemic bonus, according to an internal memo seen by The Verge. The software giant says this one-time bonus “is in recognition of the unique and challenging…
Google is teaming up with the European Investment Fund (EIF) and two other organisations in Latin America and Asia to provide $75 million in funding to small- and medium-sized companies suffering from the impact of the coronavirus pandemic, according to Reuters report. The funds are part of an $800 million initiative announced in March last…
Spotify Technology SA said it will allow its employees to work from anywhere, the Swedish music streaming company said in the blog post. “Today, Spotify is proud to introduce Work From Anywhere (WFA), a new way of collaborating that allows Spotifiers to work from wherever they do their best thinking and creating. Through this distributed-first…
Wipro has extended work-from-home for its employees till April 4, 2021. Earlier, the company implemented work from home model till March 2021. Wipro told Times of India that the step was taken keeping the safety and wellbeing of employees in mind. “Nearly 98% of our employees are working from home,” it said. Recently, Google announced…
The Rockefeller Foundation, a provider of resources and investment to innovators in the social and environmental product sectors, announced that it will commit $1 billion over the next three years to catalyze a more inclusive, green recovery from the Covid-19 pandemic. The Foundation will focus on two key areas: catalyzing billions of dollars in private…
Ireland-based multinational professional services company, Accenture will reportedly cut upto 900 jobs in the United Kingdom. According to a Guardian report, the consultancy firm is set to lay off about 900 employees in the UK to reduce costs as the coronavirus pandemic lowers demand for its services. The company employs 11,000 people in offices across…
The Asian Infrastructure Investment Bank, a Beijing-based multilateral development bank with a mission to improve social and economic outcomes in Asia, announced that it has approved a $750 million loan to India to assist the government to strengthen its response to the adverse impacts of the COVID-19 pandemic on millions of poor and vulnerable households.…
Singapore-based ride-hailing company, Grab recently announced that it will be laying off 360 employees or about 5% of its workforce. The decision was announced by company Co-founder and CEO Anthony Tan in an internal letter to employees. However, putting speculations about more layoffs aside, a company spokesperson said that the company will not shut down…
Wipro Limited, a global information technology, consulting and business process services company, announced the launch of its Digital Inspection Solution for improved workplace safety and experience. Powered by IBM’s integrated workplace management system (IWMS) IBM TRIRIGA , the solution complements Wipro’s existing EngineeringNXT portfolio in the digital transformation of business operations. The solution’s robust functionality…
British oil giant, BP has recently said that it plans to cut about 15% of its global workforce or 10,000 jobs in response to the coronavirus crisis. The company is also attributing the downsizing to its Chief Executive Officer Bernard Looney’s ambitious plan to reform the company into a renewable energy major. In a global…
Ola, India’s leading mobility platform and one of the world’s largest ride-hailing companies, announced that it has committed a sum of Rs 500 crores over the next year towards various initiatives globally, to enhance safety in mobility in our fight against COVID-19. Ola has resumed operations across the country and is now available in 200+…
The travel industry has been in a soup since the coronavirus outbreak. With governments imposing lockdowns and travel restrictions, the industry is getting severe blows from all sides. While experts have predicted that major organizations will survive the crisis, startups were looking at a dead-end. Several travel-related startups have laid off significant numbers of employees…
Online ticket booking platform BookMyShow has recently downsized its employee count across offices in India and international markets. The downsizing exercise reportedly impacted about 18% of its workforce or 270 employees. The recent development at the company comes at a time when entertainment businesses like Cinemas, theater and cultural events have to come to a…
Indian social networking app Sharechat has recently laid off about 101 employees or 25% of its staff as the ongoing coronavirus pandemic impacts ad revenues. The development was first reported by The Economic Times. According to an internal mail sent to employees by company Chief Executive Officer Ankush Sachdeva, the advertisement market remains unpredictable this…
Infosys, a global leader in next-generation digital services and consulting, announced that it is partnering with the State of Rhode Island in launching a privacy-first contact tracing solution to help Rhode Islanders and state officials slow the spread of coronavirus throughout the state. This is part of the state’s effort to safely reopen businesses while…