Indonesia’s flag carrier Garuda recently announced that it has laid off pilots as it continues to battle the slow revenue growth caused by the coronavirus pandemic. A senior official from the State-Owned Enterprises Ministry, Arya Sinulingga, said they support the decision taken by the Garuda management. “It was a difficult choice to make, but we…
EmpMonitor, an employee monitoring SaaS platform, recently announced that it is planning to ramp up hirings and will hire about 100 people by the end of the year 2020. EmpMonitor is a global provider of employee monitoring, insider threat prevention, and data loss prevention software solutions. The company said in a statement that the new…
As job losses across industries have increased due to the coronavirus crisis, Delhi-based logistics SaaS platform, FarEye announced that it has expanded its manpower with remote hiring by over 12%. The recruitment is fuelled by the surge in usage of FarEye’s platform for delivering essential goods amid the lockdown. The company has successfully maintained and…
British low-cost airline easyJet is planning a layoff of up to 4,500 jobs and shrinking its fleet to adjust to the smaller travel market, which is forecast to not emerge from the coronavirus crisis anytime soon. EasyJet employs about 15,000 people in eight European countries, the latest airline company to announce job cuts due to…
French carmaker Renault recently acknowledged that its global ambitions had been unrealistic and it is going ahead with a restructuring exercise. According to a Reuters report, the automobile manufacturer is planning to cut about 15,000 jobs, shrink production and restructure French plants. Owing to the declining sales due to the coronavirus pandemic, the company announced…
Online ticket booking platform BookMyShow has recently downsized its employee count across offices in India and international markets. The downsizing exercise reportedly impacted about 18% of its workforce or 270 employees. The recent development at the company comes at a time when entertainment businesses like Cinemas, theater and cultural events have to come to a…
US-based IT services firm Cognizant has recently offered a voluntary separation package for select employees in the United States. As the company weighs its prospect due to the COVID-19 pandemic, it has offered the scheme to employees who move to the bench between May 1 to August 31, 2020. According to an internal email, the…
Ride-hailing giant Uber recently announced that it is laying off 600 employees or 25% of its workforce in India as the company struggles to get business on track during the coronavirus pandemic. The recent layoffs from its India workforce are a part of Uber’s global downsizing exercise which will affect about 6,700 employees globally. India…
Ahmedabad-based fintech startup Lendingkart recently laid off 30% of its workforce just days after securing a ₹319Cr funding. The move is expected to impact around 200 employees of the company. Lendingkart provides collateral-free working capital loans ranging from Rs 1 lakh to Rs 40 lakh to small businesses and MSMEs, who have taken a big…
Computer hardware company IBM or International Business Machines Corp recently announced that it is planning to lay off an unspecified number of employees across five states in the United States. Incidentally, this is the first time the global tech giant is executive layoff exercise under the new Chief Executive Officer Arvind Krishna’s leadership. The company…
At a time when several start-ups continue to lay off employees to tide over the economic crisis created by the coronavirus pandemic, India grown messaging app Hike has said that it is open to hiring new employees. The homegrown unicorn founded by Kavin Bharti Mittal said that it is hiring for over 20 open positions…
Online retail giant Amazon recently announced that its India unit is planning to hire 50,000 temporary or seasonal employees in the country. The recent move by the company is a result of recently relaxed lockdown norms by the Government of India which allowed for the delivery of non-essential items in all zones except containment areas.…
Layoffs have become a common phenomenon in such a time of crisis. Every other day, we get news about small and big organizations laying off employees as the coronavirus pandemic is drying up revenues and companies opt for tough cost cutting measures to stay afloat. In recent news, diversified financial services firm Indiabulls Group has…
Indian social networking app Sharechat has recently laid off about 101 employees or 25% of its staff as the ongoing coronavirus pandemic impacts ad revenues. The development was first reported by The Economic Times. According to an internal mail sent to employees by company Chief Executive Officer Ankush Sachdeva, the advertisement market remains unpredictable this…
Indian unicorns are now struggling to keep their businesses afloat. Layoffs and salary cuts have now become a daily news from these new-age startups. Joining the likes of Swiggy, Zomato, and Uber, ride-hailing Indian unicorn Ola has decided to lay off staff. In a company blog post written by the CEO Bhavish Aggarwal, it was…