Tag Archives: lays

HDB Financial Services lays off nearly 150 employees after performance review: Official

HDB Financial Services, a non-banking financial arm of HDFC Group, has laid off nearly 150 employees after a performance review, a company official said, rejecting allegations by sacked workers that they were asked to leave due to the economic situation caused by the COVID-19-related lockdown. The company official said the exercise is part of its regular annual performance review as ... Read More »

Pershing Square Capital lays off eight personnel: Dow Jones

Pershing Square Capital Control is shedding 8 decrease–level employees, largely from lower back–officeroles in technology and investor offerings, resources told Dow Jones. Invoice Ackman, who runs the hedge fund, informed his staff this week that the cuts had not anything to do with the fund’s slumping overall performance, in line with the document. Alternatively, he attributed thechanges to improvements in ... Read More »