During the Corona crisis, reports of layoffs and pay cuts began to surface. Ola, an online cab booking service provider
New Delhi: During the Corona crisis, reports of layoffs and pay cuts began to surface. Ola, an online cab booking service provider, recently announced the layoffs of 1,400 employees.
UberNow Ola's rival Uber India has also spoken of evicting 600 people. Uber India chief Pradeep Parameswaran said on Tuesday that the Indian branch of US company Uber Technology Inc. would lose 600 jobs.
He said the corona virus had affected business so this is why this decision is being taken. In the past, US company Uber has announced layoffs of 3,700 employees worldwide.
PhotoMeanwhile, TVS Motor Company has announced a 20 percent pay cut for a period of six months. The company has decided to cut salaries at the executive level from May to October this year, excluding the primary level employees.
A company spokesperson said, "In view of the sudden crisis, the company has cut salaries at various levels for six months."
The spokesperson said that there would be no reduction in the salaries of those working at the labour level. TVS Motor Company is the third largest two wheeler company in the country. Earlier, online food companies Zomato and Swiggy had also announced layoffs.
