All articles tagged with #corporate ethics
The article discusses the complex issues surrounding layoffs, emphasizing that they are often driven by economic necessity rather than individual performance, and highlights the societal and employee impacts of large-scale job cuts, especially in the tech industry, while debating the balance between corporate flexibility and worker protections.
Nestlé's CEO was ousted after an undisclosed inappropriate relationship with a direct report was confirmed, highlighting the increasing intolerance for misconduct at the executive level, the importance of transparency, and the potential consequences of personal behavior on leadership roles.
Macy's has delayed its quarterly sales update after discovering that a single employee concealed over $130 million in delivery-related costs over three years. The company is conducting an investigation and has stated that the issue will not affect its payments to other firms. The employee responsible is no longer with the company. Despite the incident, Macy's is focusing on its holiday season strategy amid declining sales.
Tata Consultancy Services (TCS) has been involved in a Rs 100 crore bribe-for-jobs scam, with several top officials implicated. The company hired a three-man team to investigate the allegations made by a whistleblower, and found that the scam had been implemented by several top men at the firm. TCS has sacked four top leadership officials and sent its head of recruitment on leave.