Byju’s begins disbursing March salaries to employees after 2nd successive delay
Embattled edtech platform Byju’s finally started disbursing salaries to its thousands of employees for the month of March after arranging an alternative line of credit.
Embattled edtech platform Byju’s finally started disbursing salaries to its thousands of employees for the month of March after arranging an alternative line of credit.
Exactly twenty years after it was introduced, the participants in the New Pension Scheme (NPS) are feeling the pinch. Neither the government, nor the trade unions, nor even the beneficiaries - the employees of state and central governments - heeded the economists' hints and analytical advice at that time.
SpiceJet Airlines is set to reduce 15 per cent of its workforce by letting go about 1,400 employees as part of cost-cutting measures, recent reports said.
Snap, the parent company of Snapchat, on Monday announced to lay off approximately 10 per cent of its global full-time employees.
Challenging the notion of railway employees of primarily being associated with the mechanised world, an office superintendent of the Eastern Railway brought alive the philosophy and life of the iconic ‘bauls’ of the state on his canvas.
Edtech major Byju’s has paid November salaries of some of its employees after a “technical glitch” hampered the payment of some 1,000 workers.
Sukhu said that many measures have been initiated to improve the economy of the state days after the formation of the Congress government.
Nearly 2.5 lakh employees have been laid off so far this year in the global technology and startup sector, as the tech layoffs continue unabated for the past two years.
Snap, the parent company of Snapchat, has laid off nearly 20 employees who held product management titles as part of a restructuring aimed at streamlining the social messaging company.
The new pension scheme for its employees, inferior to the existing one, is a case in point. More disturbing is the denial, due to some flimsy objections, of the higher pension right to a large number of employees already covered under the Employees’ Provident Fund (EPF) scheme, not to speak of the total exclusion of a category of employees recruited after 1 September 2014.
