Disney isn’t the happiest place in the world at the moment. 250 of its workers have been laid off, and HCL employees with H1-B visas have taken their place. The Disney workers have had to perform the unenviable task of training their replacements.
Finance internships are known to be famously brutal, and a leaked email from Wall Street has only served to confirm this. Justin Kwan, a second year Analyst at Barclays, sent out an email to the bright-eyed young college graduates about to join the company for its internship program. Ominously titled “Welcome to the jungle”, the email lists the 10 commandments that an intern needs to follow if they wish to succeed in the cutthroat world of investment banking.
Zomato, which had acquired food listing website Urbanspoon for $60 million earlier this year, has officially announced that it’s shutting the website. All users which will attempt to log on to UrbanSpoon will now to redirected to the Zomato.
Thousands of Europeans are working at fake companies to keep themselves busy as the continent battles with an economic crisis.
Zeeshan Shah, the Mumbai youth who was denied a job with a terse email saying that the the company he’s applied to “only hired non-Muslim candidates, has received a job offer from the Adani group.
Offices today are getting cooler. Google has a floor-long slide in its Zurich office, Facebook’s office has an in-house hair salon, and LivePerson’s office has hammocks to kick back and relax in. But these embellishments pale in comparison with what NetDragon Websoft, a Chinese gaming company has done to its office. It’s made the entire building in the shape of the USS Enterprise.
Larsen and Toubro (L&T) has not sent offer letters to students it selected through campus placements in 2014, a reddit user has alleged. The anonymous poster, who hinted that the incident happened at Manipal University, claimed that students who’d been offered the jobs were doing odd jobs at 5-10k per month while they waited to join the company.
The Labour ministry has proposed that house rent, gratuity, traveling and other allowances be calculated as part of the “contributing wages” on which provident fund would be deducted. This would mean higher contributions to your PF each month, and a cut in your take home pay.
Saudi Arabia has a problem. It’s been putting a lot of people on death row recently, and there aren’t enough executioners around to carry out the wishes of the State. The solution? Take out on ad, of course.