Boston-based restaurant management platform Toast recently announced that it has laid off about half of its staff as the coronavirus pandemic forces restaurant closure globally. Citing restaurant sales decline as the reason, CEO of Toast Chris Comparato through a company blog said, “During the month of March, as a result of necessary social distancing and…
The ongoing coronavirus pandemic has brought the world order to a halt. Every routine that we used to follow has now been altered. In the face of restrictive movements and closure of many schools and colleges, students, who were supposed to be studying and preparing for their exams in coming months, are facing a void.…
The novel coronavirus outbreak has put brakes on the global economy. The once highly interconnected world has now imposed travel bans and countries have gone into a lockdown. Businesses are closed and employees are now asked to work from home. But the remote working concept is only limited to certain kinds of jobs. The manufacturing…
The airline industry globally is suffering the most due to the coronavirus pandemic. The novel coronavirus, which first originated in China, has now spread to almost every corner of the world forcing governments to take tough actions. Several countries have imposed national and international lockdown and put a ban on movement to prevent the transmission…
The novel coronavirus which originated from China has now started to engulf India. So far, the virus has claimed more than 80 lives in India and infected more than 3,000 people. The COVID-19 pandemic presents an unprecedented challenge to the nation. This crisis calls for an even stronger and concerted action from corporate citizens to…
The novel coronavirus pandemic has crippled the entire travel and hospitality industry. With a complete lockdown enforced in countries around the world and travel bans put in place by governments and organizations, all travel-related businesses have to come to a halt. The hospitality industry is suffering so badly that it has now resorted to layoffs…
As the coronavirus pandemic takes a toll on businesses around the globe, job cuts have started to become a common cost-cutting measure by organizations. Recently, according to a BBC report, British Airways is expected to announce the suspension of about 36,000 staff. It is being reported that International Airlines Group-owned British Airways has reached a…
ValueLabs, a Hyderabad-based IT & Services company, announced a total donation of $730,000 to help address relief measures for the COVID-19 situation. In order to engage everyone who wants to contribute to this cause, the company launched a donation drive over the weekend, enabling their global workforce to join hands and pledge their donations. Within…
MCX, the largest commodities bourse in India with a market share of more than 90%, is offering up to 3x more salaries to its select few employees, who are working from office. MCX employs around 400 people across India and 300 of them are based in its Mumbai headquarters. “Since last Friday, 50 of our…
US-headquartered IT firm Cognizant Technology Solutions is looking to pay an additional 25% of base pay to some of its employees in India and the Philippines as a major chunk of its offshore workforce is working remotely due to the coronavirus pandemic. As the world battles coronavirus pandemic, different companies are trying in their own…
Industrialists and companies across the globe are coming together to fight these unprecedented situations created due to the coronavirus pandemic. Every day companies and leaders are joining the fight against Covid-19, announcing their contribution to contain the further spread of the coronavirus in India and the world. Asian Paints has announced its contribution of Rs.…
HCL Technologies, an Indian multinational information technology service and consulting company, releases a statement to update its employees and others associated with the company on how it is dealing with unprecedented situations caused by the coronavirus pandemic. According to their statement: “HCL Technologies Ltd (HCL) has been monitoring the Covid-19 outbreak since late January and…
The State governments of India are leaving no stone unturned to make 21-days lockdown successful in their states and to further stop the menace caused by the novel coronavirus. Every day state governments across the nation are coming up with measures that can help its citizens to pass through these 21 days easily without worrying…
India’s leading technology, engineering, construction, manufacturing, and financial services conglomerate Larsen & Toubro, recently announced that it is committed to participating in corporate India’s response to COVID-19 through funds, community welfare plans and through leveraging its expertise to offer assistance. Responding to the call given by Hon’ble Prime Minister of India, the company will donate…
TVS Motor Company, a reputed manufacturer of two-wheelers and three-wheelers and its Group Companies TVS Credit Services Ltd, Sundaram-Clayton Ltd., and others announced their commitment to donate Rs. 25 Crores to the PM’s Relief Fund (PM-CARES) to aid the battle against COVID-19. This is in line with the company’s recent announcement of Rs 30 crore…