,
The ongoing COVID-19 crisis has left economies across the world faltering and has also led to a scenario of unprecedented uncertainty on the human resources front. Indian IT services companies may have to resort to job cuts to rationalise costs in the short term if the global economy does not improve in the next three quarters, industry body NASSCOM has said. IBM has undertaken a major layoff exercise globally. This includes a few hundred jobs in India, where IBM has about a third of its global strength of 350,000. Many of those impacted are said to be mid-level executives, including project managers and above, some of whom have spent over a decade in the company. Similarly, as per media reports, around 400 executives would be asked to leave Cognizant Technologies very soon.
Amazon India is looking to hire 50,000 people for seasonal or temporary roles. Cab aggregator Ola has decided to lay off 1,400 employees, Uber 600 employees, Swiggy 1,100 employees, Zomato 520 employees—the list goes on. A major workforce rationalisation initiative is under way in India Inc owing to the uncertainty triggered by the pandemic.
Denne historien er fra August 2020-utgaven av Indian Management.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra August 2020-utgaven av Indian Management.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Trust is a must
Trust a belief in the abilities, integrity, values, and character of any organisation is one of the most important management principles.
Listen To Your Customers
A good customer experience management strategy will not just help retain existing customers but also attract new ones.
The hand that feeds
Providing free meals to employees is an effective way to increase engagement and boost productivity.
Survival secrets
Thrive at the workplace with these simple adaptations.
Plan backwards
Pioneer in the venture capital and private equity fields and co-founder of four transformational private equity firms, Bryan C Cressey opines that we have been taught backwards in many important ways, people can work an entire career without seeing these roadblocks to their achievements, and if you recognise and bust these five myths, you will become far more successful.
For a sweet deal
Negotiation is a discovery process for both sides; better interactions will lead all parties to what they want.
Humanise. Optimise. Digitise
Engaging employees in critical to the survival of an organisation, since the future of business is (still) people.
Beyond the call of duty
A servant leadership model can serve the purpose best when dealing with a distributed workforce.
Workplace courage
Leaders need to build courage in order to enhance their self-reliance and contribution to the team.
Focused on reality
Are you a sales manager or a true sales leader? The difference, David Mattson, CEO, Sandler® and author, Scaling Sales Success: 16 Key Principles For Sales Leaders, maintains, comes down to whether you can see beyond five classic myths that we often tell ourselves about selling.
