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Ex-VP sues Goldman Sachs after being terminated for taking paternity leave
Ex-VP sues Goldman Sachs after being terminated for taking paternity leave.
HTC cuts 15% of its workforce to fight sales downturn.
HTC cuts 15% of its workforce to fight sales downturn.
SBI to hire 10,000 personnel to strengthen capacities
SBI will hire 10,000 personnel to strengthen capacities
Thousands of Indian students queue for waiter positions in Canada.
The employment situation in Canada has been disappointing, with only 22,000 jobs added in August. A video of a long queue of job seekers, mostly Indian students, outside a restaurant went viral, shedding light on the extent of the crisis. The video shows thousands of students waiting to be interviewed for service staff/waiter positions at a restaurant called Tandoori Flame. Many of these students have been in Canada for three years and have struggled to find suitable employment. In addition, a techie working for Infosys as an SAP specialist in Toronto, Canada, shared that his salary of CAD 115,000 (about Rs 70 lakh) was not sufficient to survive in the country. This viral video drew attention to the high cost of living and rent in Canada. This job-queue video comes at a time when Canada is...
Zomato offers 1.2 crore ESOP to its employees
Zomato has recently granted nearly 1.2 crore stock options to its eligible employees. These stocks are granted under the Foodie Bay Employee Stock Option Scheme 2014 (ESOP 2014) and Zomato Employee Stock Option Scheme 2021. The announcement was made in a regulatory filing to the BSE. According to the filing, Zomato’s Nomination and Remuneration Committee approved the allocation of stock options through a circular resolution. Employees will have the flexibility to exercise these options within 10 years of grant or 12 years from the company’s listing. This grant applies to all options under both ESOP schemes. Each stock option will convert into one fully-paid equity share with a face value of Re 1. Based on Zomato’s current market price of Rs 275.20 per share, the overall value of the grante...
Tata Group to Hire 20,000 for iPhone Assembly in Tamil Nadu
Tata Group to Hire 20,000 for iPhone Assembly in Tamil Nadu
In India, attrition has decreased from 18.7% to 16.9%.
In India, attrition has decreased from 18.7% to 16.9%.
Techie fined 3 lakh for falsifying medical records in order to obtain 9 sick days
A 37-year-old woman named Su Qin has been fined S$5,000 (about Rs 3.26 lakh) by a Singapore court for forging a medical certificate to get hospitalization leave from her job as a software developer. Originally from China, Su was under significant emotional and financial stress because of her mother’s worsening health. This pressure led her to make the poor decision to forge the document. Su altered a genuine medical certificate she had from a previous visit. She changed the hospital’s name to St. Luke’s Hospital and modified the dates to show she was hospitalized from 23 March to 3 April 2024. She also blurred the QR code on the certificate. By doing this, Su was able to take nine days off work and received S$3,541.15 in salary during that period. Her forgery was uncovered when she resigne...
Tech Company fires HR team after ATS flaw in recruitment
Tech Company fires HR team after ATS flaw in recruitment
Amazon will have 14,000 fewer managers by 2025
Amazon will have 14,000 fewer managers by 2025
Qualcomm cuts 226 people as it diversifies its operations
Qualcomm cuts 226 people as it diversifies its operations
SpiceJet obtains Rs 3,000 crore cash and prioritises resolving employee dues
SpiceJet obtains Rs 3,000 crore cash and prioritises resolving employee dues