German investment banking company, Deutsche Bank’s Chairman Paul Achleitner has recently said that he intends to step down when his term ends in 2022. As per a Reuters report, his decision signals a new era at the German bank as it struggles to become profitable. Deutsche Bank is Germany’s largest lender. The announcement was made…
Online travel giant Expedia Group is cutting 12% of its workforce or about 3,000 jobs, after a “disappointing” 2019, the company said. Recently, Expedia Group’s leadership sent an email to its employees globally saying that it plans “to reduce and eliminate certain projects, activities, teams, and roles to streamline and focus our organization.” In the…
Softbank-backed OYO has recently decided to lay off about 100 employees or 20% of its United Kingdom workforce. The recent development comes amid the ongoing restructuring of business at OYO. According to a report by Yahoo Finance UK, OYO was involved in a 30-day consultation with UK staff and concluded the process recently. As a…
After issuing pink slips to about 15-20 % of its 12,000 strong workforce earlier this month, OYO Hotels and Homes have rolled out benefits for the outgoing members. To lessen the burden of the leaving employees, OYO has offered services like outplacement, gross pay of 3.2months, personal insurance for 90 days and parental insurance of…
This week, Infosys has announced some fresh appointments, as a part of leadership reshuffle. As a part of the new appointments, Nandita Gurjar, the present Head HR is being appointed the Global Head of Education & Research. Srikantan Moorthy will be the new Global Head of Human Resources. Nandita Gurjar has been with the…
Bharti Airtel, has announced top level restructuring. Effective 1st March 2013, Manoj Kohli would take over as the Managing Director of the company. Presently he is JMD & CEO for Bharti Airtel’s International operations. Sunil Mittal, presently the MD & Chairman, will be re designated as Chairman. Earlier this month, it was announced that…
PALO ALTO, Calif., March 21, 2012 HP today announced an organizational realignment to improve performance and drive profitable growth across the entire HP portfolio. As part of this realignment, HP’s Imaging and Printing Group (IPG) and its Personal Systems Group (PSG) are joining forces to create the Printing and Personal Systems Group. The combined entity…