Real-estate brokerage startup, Compass has reportedly laid off 15% of its workforce due to the ongoing crisis in the real estate industry because of the coronavirus outbreak. As per a TechCrunch report, based on an internal email accessed by the media, the Softbank-backed startup has recently has laid off 15% of its staff as a…
TCS iON, a unit of TCS, has offered access to its virtual learning platform freely to educational institutes. In the wake of nation-wide lockdowns of schools and colleges, TCS will offer access to Digital Glass Room, a virtual learning platform, free of cost to educational institutes across the country. Using this, educators and students can…
SHL, the leader in talent innovation, announced that it is offering free access to its entire virtual solution suite to help unite the world’s workforce as businesses adjust and evolve amid the ongoing COVID-19 pandemic. As the global workforce begins to work from home and travel becomes restricted, SHL Virtual offers the capability to screen…
Markets across the globe are severely impacted from the coronavirus pandemic, resulting in shutdown of manufacturing facilities in various countries including China, which is the largest exporter of goods in the World. Many industry experts and historians say that the shutdown of heavy industry is unlike any seen since the 1940s. According to the Organisation…
Amazon Care, the medical care arm for Amazon’s employees, has recently partnered with Bill Gates-backed research program SCAN to pick up and deliver at-home coronavirus test kits in Seattle. As reported first by CNBC, Amazon is going to be working with Seattle Coronavirus Assessment Network, or SCAN, a new research initiative backed in part by…
The Committee for Economic Development of The Conference Board (CED) sent letters this week to the President of the US and the congressional leadership urging swift and bipartisan passage of a major federal stimulus program to help American workers and families cope with the COVID-19 crisis. CED, a nonpartisan think tank whose membership comprises top-level…
Corporate and investment banks (CIBs), facing rising challenges that the COVID-19 crisis has made even more pressing, must fundamentally transform themselves—targeting high-value clients, shedding subscale business lines, and converting to customer-centric operating models while working within integrated, agile teams—if they hope to survive and reestablish themselves as significant contributors to bank growth over the next…
S&P Global, the world’s foremost provider of credit ratings, benchmarks and analytics in the global capital and commodity markets, announced that it is providing complimentary research, reports, analytics, and data pertaining to the Novel Coronavirus Disease (COVID-19) outbreak to the public. The Company has introduced a special website containing original, exclusive and curated research content…
Boeing announced a temporary suspension of production operations at its Puget Sound area facilities in light of the state of emergency in Washington state and the company’s continuous assessment of the accelerating spread of the coronavirus in the region. These actions are being taken to ensure the well-being of employees, their families and the local…
CVS Health is awarding bonuses to employees who are required to be at CVS facilities to assist patients and customers in this time of unprecedented need. Bonuses will range from $150 to $500 and will be awarded to pharmacists and certain other health care professionals on the frontlines, store associates and managers, and other site-based…
The novel coronavirus, which began from Wuhan in China last year, has now spread to every continent except Antarctica. The virus, which was originally expected to be China’s problem, has now become a global headache. So far the virus has infected 360,327 people and claimed more than 15,000 lives worldwide. The outbreak is now termed…
The Personnel ministry in its order released on Friday, said that the central government employees above the age of 50 years can go on a leave without producing a medical certificate to avoid unnecessary burden on the healthcare system amid ongoing coronavirus scare. As part of its effort to relax leave norms for the employees,…
As the novel coronavirus is spreading rapidly to most of the countries in the world, corporates and organizations around the globe are setting up their humanitarian efforts in helping the countries which need maximum assistance. Recently, The Jack Ma Foundation and Alibaba Foundation announced plans to donate much-needed medical supplies to 10 more countries in…
Lunch marketplace MealPal recently announced a new initiative to drive $10 million in donations to restaurants impacted by the COVID-19 virus. Through the new program, anyone can donate a month of a MealPal membership to local restaurants. The rapid decline in restaurant sales since the COVID-19 outbreak is staggering. In a typical week, MealPal drives…
Oscar Munoz, Chief Executive Officer, J. Scott Kirby, President, and labor leaders issued the following message to nearly 100,000 United Airlines employees: To our United family: We hope you and your loved ones are well. In these difficult and uncertain times, we want to continue to keep you updated about all the ways we are…