The ongoing coronavirus pandemic has forced businesses to get on their knees. The nationwide lockdown has started taking toll on businesses and food delivery companies are having a really tough time due to fear of catching the virus in consumer’s mind. Owing to the troubles because of the pandemic, food unicorn Swiggy is recently planning…
Layoffs have now become a common practice to conserve cash amid the coronavirus pandemic. Even though the governments have repeatedly asked organizations to not resort to job cuts, companies are rapidly laying off staff. Recently, another IT-BPO company Amdocs laid off about 150 employees amid the coronavirus crisis, leaving employees stranded and helpless in such…
Adventure camera maker, GoPro, recently announced that it has done massive organizational changes at the company. Taking into account the impact of the coronavirus pandemic, the company is laying off 20% of its workforce to conserve cash. GoPro has announced a $100 million reduction to 2020 operating expenses including a workforce reduction of more than…
Social commerce startup Meesho has reportedly laid off more than 200 employees of its 700-strong workforce. According to a recent report by the news website Entrackr, in an attempt to conserve cash during the pandemic, the startup has laid off over 200 employees just days after entering into the grocery delivery business. According to the…
Since the Government of India imposed a nationwide lockdown to prevent the transmission of the novel coronavirus, the movement of goods has to come to a halt. Due to the lockdown, several logistics companies have started to lay off employees in an attempt to conserve cash. In recent news, online logistics solutions provider BlackBuck is…
The airline industry has long been in a soup due to the novel coronavirus outbreak. But things got even worse for the sector post the governments imposing nationwide lockdowns and travel-bans. It is being predicted that if the lockdown gets extended any further, several budget carriers will have to file for bankruptcy. In an attempt…
The coronavirus pandemic has impacted several jobs globally with nearly 10 mn people filing for unemployment benefits in America alone. The pandemic has forced businesses to close operations and employees have been sent on furloughs for indefinite periods. The International Labour Organization has predicted that globally around 2.5mn jobs would be lost due to the…
California-based dynamic glass maker, View has recently laid off an unknown number of employees. These layoffs are also made from the company’s plant in Olive Branch, Mississippi. View specializes in making dynamic glasses that are designed to reduce heat and glare as well as lessen eyestrain. View touts its glass as a way for real…
Raghav Bahl-owned digital news website The Quint has recently asked about 45 employees to go on an indefinite leave without pay, according to various news reports. As per a report by news website Newslaundry,the estranged staff include reporters, one of whom recently won a prestigious journalism award, copy editors, a bureau chief, production staff, and…
As the coronavirus pandemic continues to impact the lives of many people around the world in numerous ways, businesses that have seen their sales funnels and cash flows depleting are taking to strong measures to ensure that the survival and continuity of business. A good number of businesses directly or indirectly impacted are having to…
The coronavirus pandemic and the subsequent government-imposed 21-day nationwide lockdown have deeply impacted the domestic economy, with a majority of firms expecting a significant decline in their top line and bottom line in the current and previous quarters, demand to decline and jobs getting impacted, according to a CEOs’ Snap Poll conducted by the Confederation…
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…
Softbank-backed American online small business lender Kabbage is furloughing a “significant number” of its 500-strong US team. It is also completely closing down its office in Bangalore, and executive staff is taking a “considerable” pay cut, according to a report by TechCrunch. The company CEO Rob Frohwein has cited, “economic fallout of this virus has…
The ongoing coronavirus pandemic has forced the world to a standstill. Markets are closed, roads are empty, people are locked inside their houses and business is not as usual. The novel virus which first originated in China has now become a global headache. So far the virus has infected more than 470,000 cases and claimed…