(PTI): Amid reports of mass layoffs by several firms, including in the IT sector, Labour and Employment Minister Bhupender Yadav on Thursday said any retrenchment and layoffs are deemed to be illegal if not carried out as per the provisions of the Industrial Disputes Act. The minister was replying...

(PTI): The government has allowed complete work from home for employees of IT units in special economic zones till December 2023. The Special Economic Zones (SEZs) rules have been amended by the government to allow 100 per cent of their work from home (WFH) till December 31, 2023 with conditions...

Mass layoff is in the news globally. The corporate world is now witnessing a tough time with major big tech companies including Meta, Twitter, Snap, and Microsoft announcing mass layoffs, which have tens of thousands of people unemployed. So far, 17,604 employees have been laid off in India by 52...

American multinational financial services company Morgan Stanley has reportedly laid off about two percent of its staff on Tuesday. The fresh round of layoffs will impact 1,600 employees of the investment management company’s 81,567 strong workforce around the world, sources told CNBC. Morgan...

Leading edtech platform Vedantu has laid off another 385 employees, its fourth round of job cuts this year, as the funding winter gets worsen, company sources told on Wednesday. The layoffs have happened across sales, HR, and content teams which, according to the company sources, is part of an...