EMPLOYEE COSTS
Fintech giant Paytm lays off over 1000 employees as cost-cutting measure
Indian Fintech giant Paytm has laidoff over 1,000 employees, cutting costs and optimizing operations, saving 15% in staff costs. This marks one of the largest job cuts in the Indian FinTech sector this year.Fintech giant Paytm lays off over 1000 employees as cost-cutting measur...
Wipro Q1 Results: Profit declines 21% YoY to Rs 2,563 cr as employee costs rise; operating margins fall to 15%
IT major Wipro on Wednesday reported its June quarter profit at Rs 2,563 crore, a dip of 20.9 per cent year-on-year (YoY). An ET NOW poll had estimated PAT at Rs 2,950 crore. Its revenue for the quarter rose 17.9 per cent YoY to Rs 21,528.6...
MOFSL Q1 profit falls to 28.4 crore
Motilal Oswal Financial Services Ltd reported a fall in net profit for the quarter on the back of higher front-end expenses in various businesses of the firm. Employee cost for the company has grown by 57%.MOFSL Q1 profit falls to 28.4 crore
Major job cuts expected at Microsoft
Microsoft plans to announce a major round of layoffs, as the company seeks to further cut costs amid a shifting technological landscape. The layoffs are in addition to the roughly 18,000 employees that Microsoft said it planned to let go a year ago, according to people briefed on the plans who asked for anonymity...
No plans to lay off employees: SpiceJet
Sanjiv Kapoor, chief operating officer, SpiceJet, in an exclusive chat with ET Now, said that the company will try their best to maintain the high load factors, but not looking to lay off employees as a cost-cutting measure.No plans to lay off employees: SpiceJet
Co will take steps to rein in costs: Infosys to employees
Co will take steps to rein in costs: Infosys to employees
Profits to be hit this fiscal on higher employee costs: BSNL
Profits to be hit this fiscal on higher employee costs: BSNL
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