Tag: slashes

Hyderabad: TSRTC slashes T-24 ticket prices

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Hyderabad: Ahead of a scorching summer, Telangana State Road Transport Corporation (TSRTC) decided to give a sweet deal to its passengers in the city and reduce their financial burden.
T-24 ticket price for general passengers has been reduced from Rs 100 to Rs 90. Moreover, a concession will be provided to the new senior citizens.
T-24 ticket allows the passengers to avail unlimited services of the RTC buses within the Greater Hyderabad limits. Passengers can travel in regular as well as metro RTC buses.

The T-24 ticket is now priced at Rs 80 only for people above 60 years, considered senior citizens. To avail of the discount senior citizens would have to show their Aadhaar card to the bus conductors for age verification at the time of ticketing.
The new T-24 ticket prices will be effective from Thursday in Greater Hyderabad. It provides 24 hours of travel at less than the cost of a litre of petrol, said a press release on Wednesday.
At first, the price of the ticket was fixed at Rs 120. It was then reduced to Rs 100 to reduce the financial burden on passengers. Now the company fixed the price of the ticket at Rs 90 for regular passengers and Rs 80 for senior citizens.
T-6 ticket, priced at Rs 50, allows women and senior citizens to travel anywhere in the city from 10 AM to 4 PM.
TSRTC also allows a family of four to travel around in hyderabad for 24 hours using the F-24 ticket which is proceed at Rs 300.

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( With inputs from www.siasat.com )

April 26, 2023
Global IT services firm Accenture slashes 19K jobs, tech mayhem deepens

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New Delhi: Global IT services firm Accenture, which has a large presence in India, on Thursday announced to lay off nearly 19,000 employees amid the challenging global macro-economic conditions and slow revenue growth.
Delivering its quarterly results for the second quarter of fiscal 2023, the company also reduced its annual revenue growth and profit forecasts.
“We are also taking steps to lower our costs in fiscal year 2024 and beyond while continuing to invest in our business and our people to capture the significant growth opportunities ahead,” Julie Sweet, Chair and CEO, Accenture, said in a statement.
The company said its revenues were $15.8 billion, an increase of 5 percent in US dollars. The new bookings were at $22.1 billion, a 13 percent increase.
During the second quarter of fiscal 2023, Accenture initiated actions to streamline operations, transform non-billable corporate functions and consolidate office space to reduce costs.
The company recorded $244 million in business optimization costs during the second quarter and expects to record total costs of approximately $1.5 billion through fiscal 2024.
“Accenture estimates $1.2 billion for severance and $300 million for consolidation of office space, with approximately $800 million expected in fiscal 2023 and $700 million in fiscal 2024,” said the company.

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( With inputs from www.siasat.com )

March 23, 2023
BYJU’s slashes around 15% roles, mostly in engineering, as phased layoffs on

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New Delhi: Edtech major BYJU has laid off a further 15 percent of its employees from its engineering teams, as the company continues phased layoffs to remain growth-oriented in a global economic meltdown.
According to sources, the company in a fresh round of layoffs has asked more than 1,000 workers (or 15 percent) to go, mostly from its engineering teams.
When reached, the company immediately declined to comment.
BYJU last year decided to lay off as many as 2,500 employees or 5 percent of its workforce in order to achieve profitability by March 2023.
In India, more than 21,000 employees have been laid off by more than 70 startups to day, including from unicorns like BYJU’S, Ola, MPL, Innovaccer, Unacademy, Vedantu, Cars24, OYO, Meesho, Udaan and many more.
The tech sector has laid off the most employees, with 16 edtech startups laying off more than 8,000 employees to date.
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#BYJUs #slashes #roles #engineering #phased #layoffs

( With inputs from www.siasat.com )

February 2, 2023