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After receiving flak for 'laying off' employees under work stress, YesMadam claims no one was fired

YourStory

YourStory · 8m ago

After receiving flak for 'laying off' employees under work stress, YesMadam claims no one was fired

YesMadam, a services marketplace, denies firing employees for being stressed at work after a LinkedIn post went viral. The post shared a screenshot of an email from the company's HR manager stating that employees who reported high stress levels in an internal survey would be let go. YesMadam clarified that employees were given a break to rest and recharge, and announced the launch of a corporate program called 'Happy 2 Heal', offering head massages and spa sessions at the workplace. The company will also introduce a 'De-Stress Leave' policy with six paid leave days annually and complimentary spa sessions at home.

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YesMadam layoffs: Noida startup fires 100s of employees for complaining of stress at work; ‘bizarre’ HR email goes viral | Company Business News

Livemint

Livemint · 8m ago

YesMadam layoffs: Noida startup fires 100s of employees for complaining of stress at work; ‘bizarre’ HR email goes viral | Company Business News

Noida-based at-home beauty services startup YesMadam is facing backlash over allegations of mass layoffs following an internal stress survey. According to an employee, over 100 workers were fired after participating in a survey assessing their stress levels. The company allegedly sent an email stating that it had made the "difficult decision" to part ways with employees who indicated significant stress. Social media users have criticized the decision, calling it insensitive and in contradiction to the company's claim of prioritizing a healthy work environment. YesMadam has not yet issued an official statement addressing the allegations.

YesMadam asks staff if they're stressed, allegedly fires those who said 'yes'

Inshorts · 8m ago

YesMadam asks staff if they're stressed, allegedly fires those who said 'yes'

Salon services startup YesMadam conducted in-office survey asking employees if they were stressed at work and allegedly fired those who admitted to being stressed. A screenshot of an alleged e-mail from HR about employees' termination was shared widely on social media, with many suspecting it to be a PR stunt. "Not just me...100 others were fired," a YesMadam employee claimed.

SpaceX faces two new lawsuits alleging safety‐related retaliation | TechCrunch

TechCrunch · 8d ago

SpaceX faces two new lawsuits alleging safety‐related retaliation | TechCrunch

SpaceX is facing two wrongful-termination lawsuits from former employees alleging safety concerns were ignored for cost-saving measures. Robert Markert claims his warnings about safety were dismissed, leading to his termination after 13 years. David Lavalle alleges he was fired after not receiving accommodation for work-related injuries. Both suits highlight an unsafe work environment, with injury rates significantly higher than industry averages. SpaceX hasn't responded to requests for comment on the allegations.

ReshaMandi's uncertain future after $40 million loss

Inshorts · 1y ago

ReshaMandi's uncertain future after $40 million loss

Hit by a cash crunch and revenue challenges, ReshaMandi started laying off employees in June 2023. It offered employees a ‘chance’ to work without salaries for three months. The employees who did so found out that there was no cash for any of the pending salary payments. These employees are still awaiting their dues.

CARS24 to Slash 120 More Jobs Amid Major Restructuring Drive

StartupTalky

StartupTalky · 2m ago

CARS24 to Slash 120 More Jobs Amid Major Restructuring Drive

CARS24 is undergoing a major restructuring, laying off an additional 120 employees from its non-core verticals after let going of 200 last month. The company is closing or scaling down these sectors, including its business-to-business automotive parts platform, Inspare, affecting 80 jobs. Affected employees are receiving severance packages and being encouraged to seek other roles. The startup, valued at $3.2 billion, is focusing on strengthening its core operations amid financial challenges.

Nike cuts some jobs in technology division

Economic Times

Economic Times · 2m ago

Nike cuts some jobs in technology division

Nike is laying off employees in its technology division, reallocating some work to third-party vendors. The exact number of layoffs and total employees in this division remain unspecified. Bloomberg News first reported this development. This move follows previous forecasts of a significant revenue drop and senior leadership changes aimed at reviving consumer interest amidst competition. CEO Elliott Hill, who assumed the position in October, leads the turnaround effort amid its struggles with innovation.

32,500 startup staff fired or forced to resign since 2022: Report

Twitter · 1y ago

32,500 startup staff fired or forced to resign since 2022: Report

More than 32,500 employees of startups operating in India were laid-off or forced to resign since 2022, according to data compiled by Moneycontrol. BYJU'S, including its subsidiaries, laid-off about 9,000-10,000 employees, topping the list, and was followed by Ola, with over 2,100 fired staff, and Unacademy, with about 2,000 laid-off employees. Meanwhile, Blinkit laid-off 1,600 employees.

Zoom lays off 150 employees

Economic Times

Economic Times · 1y ago

Zoom lays off 150 employees

Zoom, the popular video conferencing platform, has announced that it will be laying off around 150 employees, accounting for approximately 1% of its workforce. The move comes as Zoom restructures its sales team in order to better align with its evolving business needs. Despite the layoffs, Zoom has experienced exponential growth during the COVID-19 pandemic, as businesses and individuals rely on its services for remote work and communication.

Zomato grants ESOP worth Rs 4.42 Cr

YourStory

YourStory · 4m ago

Zomato grants ESOP worth Rs 4.42 Cr

Zomato has granted stock options under its ESOP 2014 and 2021 plans. The company issued 158 options under the Foodie Bay Employee Stock Option Plan 2014 and 2.17 lakh options under the Zomato Employee Stock Option Plan 2021, each convertible into one equity share valued at approximately Rs 4.42 crore at a share price of Rs 203. Recently, Zomato laid off 600 customer support associates and fired over 500 employees due to AI-powered platform efficiencies.

The ghost of content moderation is back to haunt Cognizant

Livemint

Livemint · 1y ago

The ghost of content moderation is back to haunt Cognizant

Cognizant is facing lawsuits from at least 14 former employees over claims of concealing the mental health harm caused by content moderation work. The employees, who worked on a Facebook contract that ended in 2020, compare the situation to tobacco companies failing to disclose health issues related to cigarettes. The lawsuits seek a jury trial and damages of $75,000 each. The former employees suffered from post-traumatic stress disorder as they were exposed to and had to manually remove violent content. Cognizant has not provided a comment on the matter.

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