American financial services firm Goldman Sachs recently said that it will honour all the jobs and internship offers made to 1,460 Indian graduates and students amid coronavirus pandemic. According to a Reuters report, the US-based bank has said that it will honour all the 1,460 offers, which is equivalent to quarter of its workforce in […]
Tag: Coronavirus global impact
Maruti Suzuki has rolled out a set of detailed Standard Operating Procedures (SOPs) for its vast network of over 3800 service centers across 1914 cities. These SOPs are devised to ensure safety and wellbeing of the customers and staff. They adhere to all the advisories and guidelines stipulated by the State and Central Governments. Maruti […]
Cipla Limited announced that it has signed a non-exclusive licensing agreement with Gilead Sciences, Inc. for the manufacturing and distribution of the investigational medicine Remdesivir, which has been issued an Emergency Use Authorization (EUA) by the U.S. Food and Drug Administration (FDA) to treat COVID-19 patients. This agreement is part of Cipla’s efforts to enhance […]
Razorpay, the leading full stack financial solutions company, announced that they will continue to hire for critical roles across Product and Engineering teams. The company said that it is hiring for over 50 critical positions across functions like Backend, Frontend, Data Sciences and Product Management to meet the increasing demand and enable seamless online transactions […]
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 ongoing economic disruption across the world, due to Covid-19 has highlighted the dangers of manufacturing activities being concentrated in a single location and thrown up the need for diversification of supply chains and manufacturing. This has thrown up a huge opportunity for India – one of the fastest growing economies of the world and […]
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 […]
Reliance Industries has announced that the company will reduce the salaries of its employees by 10%. The reduction will be for the employees in the oil and gas division, an internal memo said. “The COVID-19 pandemic has posed unprecedented challenges for India and the world. All societies, industries and businesses are impacted and Reliance is […]
In an effort to help slow the spread of the COVID-19 pandemic and support frontline workers, Mary Kay Inc. announced that it has contributed nearly $10 million in monetary donations, product donations, and distribution support in the countries where it operates and communities in critical need around the world. “The wide-ranging impact of this pandemic […]
Morepen Laboratories Ltd. has received the ISO-13485 certification from BSI (British Standards Institution, U.K.) for its State of-the-art medical devices manufacturing facility at Baddi (Himachal Pradesh). The certification has been awarded for the manufacturing, distribution and after sales service of all point-of-care diagnostic medical devices and their accessories manufactured at the company’s facility in Baddi. […]
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 […]
ManyChat, a Chat Marketing platform, announced that it has partnered with Messenger from Facebook to connect the public to government health organizations and UN health agencies actively supporting COVID-19 response efforts. ManyChat is offering free Pro upgrades for the duration of the crisis and has built specific templates to help these health organizations effectively share […]
Western Union, a company that provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, has announced the expansion of its Global Network for real-time money-movement and payments. The move will benefit the consumers and clients across its branded money transfer and payments business as well as […]
Expedia Group, an online travel company that provides hotel reservations, airline tickets, and vacation packages has said that it has raised $3.2 billion in fresh capital to boost its liquidity, in an effort to ride out a coronavirus-driven collapse in travel demand. Also, the company named its new CEO Peter Kern, who was earlier holding […]