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Zomato axes around 100 employees in cost-cutting drive

Thursday, August 8, 2019, 11:17 AM

Gurugram-based online food delivery startup Zomato has confirmed it fired 70-100 employees from its customer support team at its Gurugram office, reportedly as a cost-cutting measure. It reportedly spends about Rs.4-5 per order on customer support and after-sales services per food order. However, Zomato said the firings were carried out due to redundancies in its current customer support workforce.
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IBM fired as many as 100,000 in recent years, lawsuit shows

Thursday, August 1, 2019, 1:13 PM

International Business Machines Corp. has fired as many as 100,000 employees in the last few years in an effort to boost its appeal to millennials and make it appear to be as "cool" and "trendy" as Amazon and Google, according to a deposition from a former vice president in an ongoing age discrimination lawsuit.
 
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Jet Airways Employee Consortium, AdiGroup to bid for 75% of airline

Saturday, June 29, 2019, 11:05 AM

In a first-of-its-kind initiative, a Jet Airways Employee Consortium and AdiGroup announced a partnership to bid for 75% of the airline through the NCLT process, members of the consortium said. The debt-laden company became the first domestic airliner to go into bankruptcy after the Mumbai Bench of the NCLT admitted an insolvency petition filed by the SBI on behalf of 26 lenders on June-20.

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