Ride-hailing startup Uber Technologies Inc recently said that it will offer compensation to drivers and delivery people diagnosed with the coronavirus or placed in quarantine for up to 14 days. In an official statement, the company said that it has already started compensating drivers in some markets and is planning to implement the same benefits…
The novel coronavirus has engulfed the world in fear of its rapid spread and lack of medication. The virus which was first discovered in Wuhan City, China has so far claimed more than 3,000 lives and put at risk the lives of 90,000 people worldwide. As we speak today, the virus has entered India and…
British multinational bank HSBC recently sent more than 100 of its London staff home after a worker tested positive for the novel coronavirus. It is being reported that this is the first known case at any major company in the European financial district. As per an internal memo by CEO Noel Quinn, accessed by Reuters,…
Statement on Coronavirus Demand: Jaguar Land Rover sales in China grew on average about 25% year on year for the 6 months from July through December 2019 and we continued to see strong growth for the first 3 weeks of January. The coronavirus has significantly impacted China sales with February retails down around 85% vs…
The company plans to lay off about half of 6,000 employees from its China operations. The recent coronavirus outbreak has forced the travel industry on its knees forcing businesses to take tough measures. Indian hospitality unicorn OYO Hotels and Homes is reportedly cutting down its global workforce by about 5,000 to 25,000 people. The biggest…
Fintech unicorn PayTM recently announced that it has decided to shut all its 6 offices in Delhi-NCR for at least two days after one of its employees from Gurugram tested positive for COVID-19 (Coronavirus). PayTM has five offices in Noida and one in Gurugram, Haryana. In an official statement, the company informed that it asked…
Since it’s first reported case in Wuhan City, China, the novel coronavirus or the COVID-19 has now spread to multiple parts of the world impacting businesses and economies globally. According to the World Health Organisation, the virus has infected about 90,000 people and has claimed more than 3000 lives. What might have been perceived as…
As the novel Coronavirus outbreak reaches Indian shores with at least 20 confirmed cases in the country, its effects have begun to be felt in many quarters. Companies and industries around the world are now contemplating their next move to contain the virus, safeguard employees and sustain the business. In what can be seen as…
Tech giant Intel recently confirmed that one of its employees based in Bengaluru has “potentially been exposed” to the novel coronavirus and is currently under quarantine. As the death toll due to the virus crossed the 3,000 mark, corporations around the globe have begun to take preventive measures to safeguard their employees’ health. The company…
Indian software major, Wipro recently announced that it has suspended employee travel to coronavirus-hit China, Hong Kong, and Macau. The Bengaluru-based company on Wednesday told news agency IANS in a statement that, “Wipro has suspended travel to and transit through mainland China, including Hong Kong and Macau, until further notice. Employees have also been advised…