Pay Cuts
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'Fired Because I Refused To Lower Salary': Techie Sues Company After Unjust Termination
A techie in Milan alleges termination for rejecting a pay reduction request by their manager.
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Intel To Slash Employee Salaries, Cut Top Official's Pay By 25%: Report
Intel spokesperson Addy Burr said the "changes are designed to impact our executive population more significantly and will help support the investments and overall workforce."
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Apple CEO Tim Cook Takes 40% Pay Cut After Pushback
Apple Inc. is cutting Chief Executive Officer Tim Cook's compensation by more than 40% to $49 million in 2023, citing investor guidance and a request from Cook himself to adjust his pay.
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IT Firms Infosys And Wipro Cut Variable Pay As Budgets Tighten
The top IT services firms are freezing or cutting staff bonuses, worried that tightening budgets at US.and European clients who are bracing for a recession will sharply hit their own profits after a pandemic-led boom.
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IndiGo Announces "Deeper" Pay Cuts Of Upto 35% For Senior Staff To Reduce Cash Outflow
IndiGo on Monday said it is implementing "deeper" pay cuts of up to 35 per cent for its senior employees in order to reduce the cash outflow amid the coronavirus pandemic.
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TVS Motor Company Announces Salary Cuts For Employees
According to a statement from TVS, the salary cuts will be temporary and will be for a period of six months, from May till October, 2020.
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IndiGo Airlines Announces Salary Cut For Senior Employees Starting May
IndiGo will be cutting the salaries of senior employees starting May and also implement a "limited, graded leave without pay program" for the months of May, June and July, its CEO Ronojoy Dutta said today.
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Bajaj Auto Reverses 10 Per Cent Pay Cut For Employees
India's largest exporter of motorcycles had agreed to a 10 per cent pay cut across the board in view of the suspension in production and sales during the lockdown.
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No Salaries For April, May; Hours Flown-Based Pay For Cargo Flights: SpiceJet To Pilots
SpiceJet today told its pilots that they will not be paid salaries for April and May, and said those who have been operating cargo flights will get paid for "block hours flown".
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"Full Salary For Most Employees In April": IndiGo Reverses Pay Cut Plan
India's largest carrier IndiGo has decided to pay full salary for the month of April to the majority of its employees.
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Coronavirus Pandemic: Bajaj Auto Workers Agree To 10 Per Cent Pay Cut
Bajaj Auto had proposed a 10 per cent pay cut for its workers, which the workers have accepted. Rajiv Bajaj, MD, Bajaj Auto, will not be drawing a salary for the period of the lockdown.
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Toyota Extends North American Plant Shutdown; Will Stop Paying 5,000 Temporary Workers
Toyota Motor Corp said Wednesday it plans to reopen its North American auto plants on May 4, extending its current shutdown by two additional weeks.
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Coronavirus: GoAir Says All Employees Will Have Pay Cut In March
As the coronavirus pandemic has drastically impacted revenues of the aviation sector, GoAir CEO Vinay Dube stated today that all employees will be taking a pay cut for the month of March.
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The Truth About Kapil Sharma's Pay Cut For The New Season Of His Comedy Show
Krushna Abhishek: "No one can beat the fact that The Kapil Sharma Show is the biggest comedy show in the country"
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Jet Airways Discussing Cost-Cutting Measures Like Pay Cuts With Employees
Jet Airways on Thursday said it is in talks with employees and key stakeholders to implement cost reduction measures such as cuts in salaries of staff.
-
'Fired Because I Refused To Lower Salary': Techie Sues Company After Unjust Termination
A techie in Milan alleges termination for rejecting a pay reduction request by their manager.
-
Intel To Slash Employee Salaries, Cut Top Official's Pay By 25%: Report
Intel spokesperson Addy Burr said the "changes are designed to impact our executive population more significantly and will help support the investments and overall workforce."
-
Apple CEO Tim Cook Takes 40% Pay Cut After Pushback
Apple Inc. is cutting Chief Executive Officer Tim Cook's compensation by more than 40% to $49 million in 2023, citing investor guidance and a request from Cook himself to adjust his pay.
-
IT Firms Infosys And Wipro Cut Variable Pay As Budgets Tighten
The top IT services firms are freezing or cutting staff bonuses, worried that tightening budgets at US.and European clients who are bracing for a recession will sharply hit their own profits after a pandemic-led boom.
-
IndiGo Announces "Deeper" Pay Cuts Of Upto 35% For Senior Staff To Reduce Cash Outflow
IndiGo on Monday said it is implementing "deeper" pay cuts of up to 35 per cent for its senior employees in order to reduce the cash outflow amid the coronavirus pandemic.
-
TVS Motor Company Announces Salary Cuts For Employees
According to a statement from TVS, the salary cuts will be temporary and will be for a period of six months, from May till October, 2020.
-
IndiGo Airlines Announces Salary Cut For Senior Employees Starting May
IndiGo will be cutting the salaries of senior employees starting May and also implement a "limited, graded leave without pay program" for the months of May, June and July, its CEO Ronojoy Dutta said today.
-
Bajaj Auto Reverses 10 Per Cent Pay Cut For Employees
India's largest exporter of motorcycles had agreed to a 10 per cent pay cut across the board in view of the suspension in production and sales during the lockdown.
-
No Salaries For April, May; Hours Flown-Based Pay For Cargo Flights: SpiceJet To Pilots
SpiceJet today told its pilots that they will not be paid salaries for April and May, and said those who have been operating cargo flights will get paid for "block hours flown".
-
"Full Salary For Most Employees In April": IndiGo Reverses Pay Cut Plan
India's largest carrier IndiGo has decided to pay full salary for the month of April to the majority of its employees.
-
Coronavirus Pandemic: Bajaj Auto Workers Agree To 10 Per Cent Pay Cut
Bajaj Auto had proposed a 10 per cent pay cut for its workers, which the workers have accepted. Rajiv Bajaj, MD, Bajaj Auto, will not be drawing a salary for the period of the lockdown.
-
Toyota Extends North American Plant Shutdown; Will Stop Paying 5,000 Temporary Workers
Toyota Motor Corp said Wednesday it plans to reopen its North American auto plants on May 4, extending its current shutdown by two additional weeks.
-
Coronavirus: GoAir Says All Employees Will Have Pay Cut In March
As the coronavirus pandemic has drastically impacted revenues of the aviation sector, GoAir CEO Vinay Dube stated today that all employees will be taking a pay cut for the month of March.
-
The Truth About Kapil Sharma's Pay Cut For The New Season Of His Comedy Show
Krushna Abhishek: "No one can beat the fact that The Kapil Sharma Show is the biggest comedy show in the country"
-
Jet Airways Discussing Cost-Cutting Measures Like Pay Cuts With Employees
Jet Airways on Thursday said it is in talks with employees and key stakeholders to implement cost reduction measures such as cuts in salaries of staff.
