Skip to main content

Sphero Indi Is a Tiny Robotic Car That Helps Children Learn Programming

MakeMyTrip Lays Off 350 Employees as Lockdown Ravages Travel Industry


MakeMyTrip Lays Off 350 Employees as Lockdown Ravages Travel Industry

By Techtonic group

Gurugram, Haryana-based travel firm, MakeMyTrip, is laying off 350 employees after suffering a massive downturn in its business because of the COVID-19 pandemic. In a letter sent to all employees on Monday, the company's founder, Deep Kalra, and CEO, Rajesh Magow, said that the decision was "undoubtedly the toughest decision we have had to take so far and it's the saddest day for us as an organization".

As part of the severance package, employees will get salary payments as per their notice periods, as well as Mediclaim coverage for themselves and their families until the end of the year. All affected employees will also be entitled to leave encashment, gratuity and outplacement support. They will also retain the right to exercise part of RSUs (Restricted Stock Units) as applicable and get to keep their company laptops.

According to NDTV, the letter said:"... it is evident that the pandemic has changed the context and viability of some of our business lines in its current form. Keeping this in mind we have had to take this sad but inevitable decision of rightsizing our workforce". The report further claims that most of the affected employees are from the company's 'international holidays' division and related operations.

A number of companies have downsized recently because of the pandemic and the resultant lockdowns that have badly affected their businesses. While Swiggy cut more than 1,000 jobs earlier this month, Ola laid off 1,400 workers last week. BookMyShow also laid off or furloughed 270 employees - around 18 percent of its total workforce – because of the impact the pandemic has had on the consumption of out-of-home entertainment.

Comments

Popular posts from this blog

Instagram Parteners with Swiggy, Zomato to Let Resturant Add 'Food Order' Stickers in Stories

Instagram Parteners with Swiggy, Zomato to Let Resturant Add 'Food Order' Stickers in Stories By Techtonic group Instagram recently gave users the option to promote small (and local) businesses by placing a sticker in their Stories. Now, the company has partnered with two of India's renowned food delivery apps -  Swiggy and Zomato  - to bring a similar feature to the restaurant owners. It has debuted a new  'Food Order' sticker  that restaurants can include in their Stories to drive sales. The Coronavirus-led lockdown saw almost all restaurants and eateries shut shop for several days. And even when they opened, netizens have been wary to eat outside or order in due to hygiene concerns. Well, as restaurants open up in line with the WHO safety guidelines, they can now head to Instagram to find a new 'Food Orders' sticker in the Stories section. This new sticker is interactive and will  enable users to place food orders  simply by tapping on the sa...

Xiaomi Mi True Wireless Earphones 2 To Launch Alongside Mi 10 on 8th May in India

Xiaomi Mi True Wireless Earphones 2 To Launch Alongside Mi 10 on 8th May in India By Techtonic group After multiple delays due to the nationwide lockdown, Xiaomi yesterday  announced  that its latest flagship smartphone - Mi 10 will launch in India on 8th May later this week. Now, the Chinese giant has taken to Twitter to reveal that it won't be the only product launching that day. Xiaomi uploaded a teaser video on Twitter just moments ago and it  reveals that the Mi True Wireless Earphones 2 will launch in India  alongside the Mi 10. The company first launched its truly wireless earbuds in China back in September last year, followed by a global launch in Europe in March earlier this year. Mi India ✔ @XiaomiIndia We love the wireless world. Mi fans, we're launching one more product you all have been waiting for, along with # Mi10 on May 8th. Leave your guesses in the comments.  RT if you #wirelessfreedom ...

How to Sign out of One Google Account When Using Multiple Accounts

  You can sign in to one or more Google accounts simultaneously on both your mobile and PC, but you can’t sign out of one account at a time on the web. Instead, Google forces you to sign out of all accounts at once, even if you only want to log out of one or two accounts. It’s  not a problem on Android or iOS devices  because you can sign out of Google accounts one at a time. However, that’s not possible on the web. So today, we will show you a nifty workaround that will help you sign out of one Google account on any device when using multiple accounts. Sign Out of One Google (Gmail) Account When Using Multiple Accounts The inability to log out of a single Google account at a time may not be a big deal for people who only use one Gmail ID, but it is  really inconvenient  for folks who manage multiple accounts. This tutorial will show you a trick that will let you sign out of only one Google account on your computer instead of having to sign out of all accounts a...