December 19th, 2018
The popular dating app Tinder has reportedly fired its vice president of marketing and communications Rosette Pambakian, as well as other employees who sued Tinder’s parent company Match Group and its controlling shareholder IAC.
A Match Group spokesperson confirmed that a number of Tinder employees have been terminated,...
November 27th, 2018Infosys is doubling pay packages for employees who successfully complete its new bridge programmes. These are programmes that help staff to shift from their existing job to one that demands higher skills.
The company expects this initiative will also reduce attrition at junior levels — the rate has been high in recent times at over...
November 19th, 2018The Myntra Jabong merger has been a setback to its employees as this led to the lay off of so many workers. And now, Myntra could sack another 200 staff at Jabong in the next three months after deciding to lay off around 250 employees.
Myntra’s chief executive Ananth Narayanan stated that about 250 jobs will be lost as Myntra...
October 3rd, 2018Amazon has announced that the company is reportedly raising the minimum wage for all its United States employees to $15 which will be effective from next month.
The raise is applicable for part-time workers and those hired through temporary agencies. The company mentioned that it would also persuade Washington to raise the federal...
October 3rd, 2018The IT giant Infosys has announced a three-year partnership with Cornell University for the purpose of training employees in emerging technologies such as blockchain, machine learning and human-computer interaction.
Following the collaboration, at least 3000 Infosys employees globally are expected to participate in the joint...
October 2nd, 2018The popular IT company Tech Mahindra has reduced the retirement age from 58 to 55 years. Generally, corporate and government retirement ages go up but in the rapidly changing IT industry, it’s beginning to go down.
This move by the company indicates that they don’t want to be stuck with older employees who may be reluctant to...
September 28th, 2018Singapore-based media startup Tech In Asia lately announced an $18 per month paywall and the subscription went live this week. This was built to make the business self-sustaining after a tricky period of business in which the company observed an ICO and was forced to lay off its staff.
The company made cutbacks of s many as one-third...
July 23rd, 2018Hospitality company Treebo has laid off between 70-80 workers, or about 10% of its 800- strong workforce. Currently, It consists of 800 people working under its brand. These layoffs are in line with the company's efforts to double down on its technology products and processes even as it looks to rationalise prices.
Treebo...
July 3rd, 2018PolicyBazaar.com has announced that it will employ more people in the current financial year. The number of jobs that the company intends to create will be around 2,500 which will take the total count of the employees to 6,000.
The purpose of the company behind this move is to increase the customer base and expand the revenues. The...
May 10th, 2018While most Indians reacted with contempt to the news of the acquisition deal of Bengaluru-based Flipkart by Arkansas-based retail giant Walmart, many Flipkart employees must be in the seventh of heavens right now.
Indeed, after the $16 billion acquisition for 77% stake, several employees are set to become millionaires from the deal as...
April 14th, 2018Infosys, an Indian IT services, announced that it will increase the salary of a major portion of its 2 lakhs employees from “mid-single digit to high-single-digit”, starting April onward.
Moreover, the firm set aside a special bonus pool worth $10 million that employees will receive as incentives on their variable salary that has...
May 10th, 2017Infosys could hand out pink slips to hundreds of mid and senior-level employees as it carries out bi-annual performance review amid a challenging business environment.
The development comes at a time when its peers Wipro and Cognizant are taking similar measures to control costs.
Interestingly, Infosys has said it will hire 10,000...
