Tag Archives: Employees’

Future Group fires 400 employees to scale down e-comm venture

Mass layoffs in India are no longer limited to only the information technology and automobile sectors, as witnessed last year. In the past couple of months, Indian companies and startups have been shedding jobs to balance their mounting financial stress. The massive layoffs are happening across segments, and this time the new-age startups are in the lead. And the list ... Read More »

Embarrassed, Upset Over Handful Of Employees, Says Axis Bank Chief Shikha Sharma

New Delhi: “Embarrassed and upset” over the conduct of a handful of employees bringing the organisation into disrepute, Axis Bank MD and CEO Shikha Sharma on Sunday said the bank has hired KPMG to conduct a forensic audit for enhanced due diligence and building more safeguards. Assuring that the fundamentals of the bank is on a “solid footing’, Ms Sharma ... Read More »

Suspicious Deals: Axis Bank Suspends 24 Employees, 50 Accounts

The raid was conducted at an Axis Bank branch situated in Noida Sector 51. Mumbai: In the wake of disclosure of transgressions in its network, including a case in Noida which came to light today, private sector lender Axis Bank said it has so far suspended 50 accounts and 24 employees for suspicious activities. Asserting that investigating agencies acted on ... Read More »

Lenovo Confirms New Layoffs, Says Less Than 2 Percent Employees Affected Globally

  Lenovo has confirmed the latest round of layoffs in the company, saying that it’s part of the “ongoing strategic integration between Lenovo and its Motorola” smartphone business. In a statement, Lenovo claimed that the new layoffs only impact 2 percent of the entire 55,000 employees globally. Unfortunately, the Chinese company hasn’t revealed many details about the layoffs. Droid-Life in ... Read More »

Freedom 251 Now Ringing Alarm Bells Over Employees’ Situations

The Indian makers of a $four cellphone hope its low price will permit tens of millions of the poorest people to personal a mobile smartphone in a marketplace with only 10 percent penetration. However labour rights campaigners worry that push to churn out cheap handsets and drugs may also lead to greater abuse of Employees’ rights in India, the sector’s ... Read More »