business
Airtel shuts down Wynk Music and absorbs staff during strategic change
Airtel shuts down Wynk Music and absorbs staff during strategic change.
GoPro plans to reduce its personnel by 15% as part of its reorganisation efforts.
GoPro, the well-known action camera manufacturer, has announced its plan to reduce its workforce by approximately 15 percent. This move is part of the company’s broader restructuring efforts aimed at cutting operating costs. The company’s board of directors has approved the restructuring plan, which will affect around 139 of its 925 full-time employees. The layoffs are set to begin in the third quarter of 2024 and are expected to be completed by the end of the year. This marks GoPro’s second round of job cuts in 2024, following a four percent reduction in March, during which the company also downsized its global office space. Despite these measures, GoPro’s financial performance for the second quarter showed a 22.7 percent decline in revenue, dropping to $186 millio...
Pierer Pierer Mobility announces job cuts as sales drop
Pierer Pierer Mobility announces job cuts as sales drop
Air India’s top management to be with Vistara post-merger
In a strategic move to ensure continuity, the Tata Group is set to maintain the current top management of Air India following its merger with Vistara. According to media reports, all senior executives of Air India will retain their positions post-merger. This indicates that Campbell Wilson will continue as CEO, with Nipun Aggarwal as chief commercial and transformation Officer, and Sanjay Sharma as chief financial officer. While most Vistara employees will transition to the merged company, some positions may be eliminated due to redundancies, as Air India has already staffed those roles. At Vistara, Vinod Kannan will return as CEO to Singapore Airlines (SIA), his parent company, after his secondment to Vistara since 2019. Under the joint venture agreement, SIA had the right to appoint the ...
SpiceJet facing financial trouble on PF dues issue.
SpiceJet facing financial trouble on PF dues issue.
Tesla announces stock-based pay for top-performing employees.
Tesla announces stock-based pay for top-performing employees.
Major restructure at Ola Electric
Major restructure at Ola Electric
CEO of OpenAI answers issues about safety and equity.
CEO of OpenAI answers issues about safety and equity.
Cognizant warns of termination for office attendance.
Cognizant warns of termination for office attendance.
HDFC Bank Reduces Notice Period to 30 Days
HDFC Bank Reduces Notice Period to 30 Days
Employment increases by 86% in the real estate and construction sectors
Employment increases by 86% in the real estate and construction sectors
V2 Retail plans to hire over 1500 staff and anticipates market growth.
V2 Retail plans to hire over 1500 staff and anticipates market growth.