Job loss

Dark deja vu for European economy as coronavirus cases spike

A resurgence in coronavirus cases this month is a bitter blow that will likely turn what was meant to be a period of healing for the economy into a lean winter of job losses and bankruptcies.

published on : 17th October 2020

After losing jobs, two techies develop app to deliver goods at doorstep in Srikakulam

The techies charge Rs 9 to deliver essentials at the doorstep of people for a purchase cost of less than Rs 1,000.

published on : 11th October 2020

No money, no work: Unorganised sector distraught in Karnataka post-lockdown

The lockdown and resulting economic slowdown have hit the unorganised sector the hardest – directly and indirectly.

published on : 9th October 2020

US President Donald Trump halts COVID-19 relief talks until after election

The collapse means that Trump and down-ballot Republicans will face reelection without delivering aid to voters — such as the $1,200 direct payments.

published on : 7th October 2020

Jalpaiguri tea garden suspends operation, 1,500 left jobless

The management put up a suspension of work notice at the main gate in the morning, workers at the tea estate said.

published on : 5th October 2020

London to lose 7,500 finance jobs over Brexit: Survey

With Britain's EU-exit transition period nearing an end, the pace of relocations has slowed, hampered in part by the coronavirus, added the survey by financial services group EY.

published on : 1st October 2020

COVID-19 lockdown impact: Bearing financial brunt, Andhra man turns agriculture labourer

After getting a job as a guest lecturer at the AP SC Welfare Gurukulam School in Kurichedu of Prakasam district, his life seemed to be going smoothly and his parents got him married a year ago.

published on : 29th September 2020

Indian public sector banks face fresh capital shortages, will need Rs 2.1 lakh crore: Moody's

PSBs, in turn, will need a substantial amount of external capital to absorb increased credit costs and support further credit growth.

published on : 21st August 2020

COVID-19 may have sent 100 million people hurtling into extreme poverty, says World Bank Chief

Having a clear view of the size of each country's debt and the collateral involved also are key to being able to help the debtor nations, Malpass said.

published on : 21st August 2020

Japan to United States: These leading economies are facing record slumps due to coronavirus

The only exception is China, where the coronavirus originated, which largely halted the spread of the virus and reopen factories, thus avoiding a recession.

published on : 17th August 2020

One in two youths subject to depression, anxiety, says ILO survey on effects of COVID-19

The ILO survey said some youths have already felt the direct impact of the pandemic, with one in six youths having to stop work since the virus outbreak.

published on : 12th August 2020

COVID-19 crisis: Single mother stuggles to make ends meet after job loss in Chennai

Her husband abandoned the family when her daughter was two-years-old.

published on : 11th August 2020

Young and jobless: Story of a scribe broken by pandemic

Armed with a postgraduate degree in journalism, Mohan started his career as a reporter, in a reputed Tamil magazine based in Chennai.

published on : 8th August 2020

LinkedIn announces 960 job cuts globally amid COVID-19 pandemic

The company, which is part of tech giant Microsoft, has about 1,200 employees in India.

published on : 21st July 2020

Marks & Spencer says 950 jobs under threat

M&S had in May revealed that annual net profit slumped by almost 50 per cent, booked a sizeable charge for the coronavirus outbreak, and added it would slash costs.

published on : 20th July 2020
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