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Productivity News
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Netizens react as Wipro slashes salaries of freshers
- Wipro has announced that it will reduce the salary of selected candidates who were hired for the Turbo programme from ₹6.5 lakh per annum to ₹3.5 lakh per annum.
- This move has not been received well by netizens, who have criticized Wipro for going back on its promise and questioned the company's ability to attract talent in the future.
- A Twitterati wrote, "They were offering same salary to experience software tester also. They didn't hire freshers and recession is impacting them", a Twitterati wrote,
- Wipro has cited changing business needs and the macro environment as the reason for the salary adjustment.
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Employee who called in sick on Mondays wins ₹ 3.4 lakh payout after being fired
- A hairdresser in Cardiff has been ordered to pay £3,453 (Rs 3,44,204) in compensation after firing an employee for calling in sick on a Monday.
- The employee, Celine Thorley, had been warned by Christian Donnelly not to miss work on Monday after hosting a Halloween party over the weekend.
- Despite texting Mr. Donnelly on Monday to say she was unwell, Ms. Thorley was fired for allegedly faking her illness, with Mr. Donnelly citing a history of Monday absences as evidence.
- A tribunal ruled in Ms. Thorley's favor, citing improper dismissal procedures, and ordered Mr. Donnelly to pay compensation for her physical impairment.
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German company lays out job offer for ‘weed smokers’, offers salary of Rs 88 lakh
- A German company, Cannamedical, is offering a position for a cannabis sommelier to evaluate the quality of their products sourced from countries including Australia, Canada, Portugal, Macedonia, and Denmark.
- The job involves smelling, feeling, and smoking the cannabis products to ensure high standards of quality.
- The salary for this position is £88,000 per year (approximately Rs 88 lakh).
- Applicants must be cannabis patients and hold a valid German marijuana smoking permit to be considered for the job.
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Blinkit founder shares the most sold items on Valentine’s Day
- Blinkit, an Indian e-commerce platform, reported strong sales for Valentine's Day, with more than 10,000 single roses sold and 1,200 bouquets delivered by 10 am.
- The company's founder, Albinder Dhindsa, also reported strong sales for condoms, candles, deodorants for men, perfumes for women, and chocolates.
- According to Dhindsa, 30% of all orders on Blinkit were placed for someone else, suggesting that many customers were sending gifts to their loved ones.
- Dhindsa also expressed gratitude to customers who wished their delivery partners a happy Valentine's Day.
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KPMG 1st among big four accounting firms to reduce US staff
- KPMG is reportedly cutting nearly 2% of its US workforce, becoming the first of the Big Four accounting firms to do so in the country, according to an internal announcement cited by the Financial Times.
- Around 700 people will be affected by the cuts, which come amid a turbulent macroeconomic environment that has seen several financial firms, including major Wall Street banks, asset managers and fintechs, slash jobs in recent months.
- KPMG said in an emailed statement to Reuters that the cuts were a result of prolonged uncertainty affecting certain parts of its Advisory business that had experienced outsized growth in recent years
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Who is Zoho's Radha Vembu, India’s third richest woman with net worth over Rs 21,000 crore?
- Radha Vembu is the third richest woman in India and the richest self-made woman in the country.
- Vembu has a net worth of $2.6 crore and is the 1176th richest person in the world. Her wealth is derived from her massive stake in the multi-billion multinational company Zoho Corp.
- Radha Vembu is a graduate of the Indian Institute of Technology, Madras, and has over 25 years of experience in the software industry. She is the largest stakeholder in Zoho Corp, which was founded by her and her brothers in 1996.
- In addition to her role at Zoho Corp, Radha is also involved in various other ventures including an agricultural NGO and a real estate company. She is married and has a child.
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What is 'monk mode'? Here's how the viral productivity hack works
- Monk mode refers to the practice of solely working on one task and not giving in to distractions.
- The concept of Monk mode has been popular among entrepreneurs and self-help gurus for over two decades and has seen a resurgence in recent times due to TikTok and Jay Shetty's book "Think Like A Monk."
- People adopt Monk mode in different ways, ranging from turning off all devices to following a routine of meditation, exercise, and avoiding substances.
- Since 2004, searches for monk mode have spiked periodically, according to data from Google Trends.
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Paytm stock surges past ₹700-mark, surpasses Morgan Stanley target
- Paytm's share price has risen more than 36% in four trading days and surpassed target prices set by Morgan Stanley and YES Securities.
- The increase in Paytm's share price has led to the company reclaiming the ₹700-mark.
- The fintech giant's revenue from operations increased 42% year-on-year to ₹2,062 crore in the quarter ended December 2022.
- With its strong financial performance, Paytm has exceeded the expectations set by financial institutions such as Morgan Stanley and YES Securities.
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Was Approaching 8-Years In 10 days: Zoom lays off Head of Global Education
- Zoom has laid off its Head of Global Education and Head of Women, Christly Flis, as part of its restructuring efforts.
- Flis in a LinkedIn post said, “It is with utter disbelief and shock that I was included in today’s Zoom’s layoffs - as I was just approaching 8-years in 10-days…".
- She is now on the market for speaking engagements and is seeking a fresh start.
- Zoom CEO Eric Yuan and his executive leadership team will also take significant pay cuts, with Yuan reducing his salary by 98% for the upcoming fiscal year and giving up his corporate bonus.
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Swiggy joins Netflix in cracking down on password sharing
- Food delivery app Swiggy has limited password sharing for its premium membership, Swiggy One, to two devices.
- The change in policy aims to prevent misuse of the service and maintain fairness for customers.
- The company has informed subscribers via email and the update will be effective starting Wednesday.
- The move by Swiggy follows similar actions by Netflix to restrict password sharing, and comes after the company laid off 380 employees and shut down its meat marketplace in an effort to conserve cash and achieve profitability.
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Ex-Twitter privacy chief joins BeReal social media startup
- Damien Kieran, formerly Twitter's Chief Privacy Officer, has joined French social media start-up BeReal as its General Counsel.
- Kieran's new role will see him lead the legal affairs of the photo-sharing app, which is focused on fostering genuine connections between users.
- The move comes just two weeks after Elon Musk's acquisition of Twitter for $44 billion, and Kieran cites the "product, people and potential" as the factors that lured him in to BeReal.
- With his extensive experience and knowledge of privacy, Kieran is poised to make a positive impact on BeReal as it continues to grow and evolve in the competitive world of social media.
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Job alert: Airbus to hire engineering & IT talent at Aero India in Bengaluru
- Airbus, a multinational aerospace corporation, is actively seeking to expand its workforce by hiring talented individuals in the engineering and IT fields.
- The company plans to create a significant number of new job opportunities, with a target of over 13,000 positions to be filled in the current year.
- The recruitment drive will take place at the Aero India event in Bengaluru, India, which provides a platform for the aerospace industry to showcase their products, services, and capabilities.
- By participating in this event, Airbus intends to tap into the pool of skilled professionals and connect with potential candidates to fill its current and future job vacancies.
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TCS bags largest UK deal worth over $700 million, largest this fiscal
- Tata Consultancy Services (TCS) has secured its largest UK deal in three years with Phoenix Group Holdings.
- The deal is worth over £600 million and will involve the digital transformation of Phoenix Group's product offerings.
- TCS will help the insurance services provider improve end-to-end customer service through self-service, analytics, and the use of its UK Innovation Lab.
- The digital transformation is aimed at enhancing customer satisfaction and retention and improving the customer experience for policyholders, advisers, employers and operational staff.
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Is Ashneer Grover considering a political career?
- Ashneer Grover, former co-founder of BharatPe, hints at entering politics.
- At a recent fireside chat, he stated that he is working towards entering politics and believes there is a need to change its perception.
- He emphasized the lack of representation from IIT and IIM in politics and his intention of bringing the right candidate into politics.
- Ashneer was speaking at the 34th Annual International Seminar by the Institute of Chartered Accountants of India - Abu Dhabi Chapter.
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Mastercard's NFT chief Satvik Sethi resigns, citing abuse & emotional suffering
- Satvik Sethi, Mastercard's product lead for NFTs, has resigned from the company due to harassment and emotional distress.
- In his tweets, he highlighted the company's inefficiencies, including issues with poorly managed processes and miscommunications.
- He also claimed that there were instances when he did not receive pay for several months unless he petitioned across the hierarchy.
- Sethi served a three-month notice before leaving the company, which he claims was an attempt to prevent him from quitting after informing HR about his problems.
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