Pay Cuts

CNBCTV18-CII CEO snap poll: More than 50% expect business normalcy in 6-12 months; want calibrated exit from lockdown

Around 71 percent of the CEOs said layoffs were not imminent in their organisations.

Ellen DeGeneres show crew members upset over lack of communication about pay cuts during coronavirus shutdown

Ellen DeGeneres' crew members were told last week to brace for a 60 per cent reduction in pay, even while it was being shot from DeGeneres’ residence.

Realty players fear pay cuts, job losses as lockdown hits revenue; say govt's relief package for sector to minimise damage

Realty sector is the second-largest employer after agriculture and provides for both blue and white collar jobs, said CREDAI (national) chairman Jaxay Shah said.

Coronavirus Outbreak: Oyo starts furloughing in US, select markets to reduce costs; India to be unaffected till lockdown

Oyo can keep job cuts at bay through a combination of lowered work weeks, pay cuts, temporary leave of absence until business recovers and other such measures, he added.

Jet Airways proposes to cut staff salaries to continue operations; who will blink first?

Whatever here on, the employees of the airline must be prepared for some tough times ahead as cost cutting reaches a fever pitch.