• About Us
  • Add Post
  • Contact
  • Contribute For Us
  • Homepage
  • Our Authors
  • Privacy Policy
What's Hot

Hungary and Poland: Decoupled however nonetheless ready for EU cash

July 7, 2022

HMRC victory in Alan Parry tax case raises uncertainty for freelance staff

July 7, 2022

It's Not Easy Being an Intolerant Californian

July 7, 2022
What's Hot

Hungary and Poland: Decoupled however nonetheless ready for EU cash

July 7, 2022

HMRC victory in Alan Parry tax case raises uncertainty for freelance staff

July 7, 2022

It's Not Easy Being an Intolerant Californian

July 7, 2022
Facebook Twitter Instagram
  • About Us
  • Contact
  • Add Post
  • Contribute For Us
  • Privacy Policy
  • Our Authors
Facebook Twitter LinkedIn
BusinessLendBusinessLend
  • NEWS
  • BUSINESS
  • AUTO
  • TECH
  • MONEY
  • STARTUP
  • SUCCESS STORIES
  • OTHER
    • Press Release
    • OPINION
Subscribe
BusinessLendBusinessLend
Home»NEWS»Curefit Sacked 1000 Employees Due to Covid-19 Crisis
NEWS

Curefit Sacked 1000 Employees Due to Covid-19 Crisis

EditorialBy EditorialMay 5, 2020Updated:March 25, 2021No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Curefit Sacked 1000 Employees Due to Covid-19 Crisis
Share
Facebook Twitter LinkedIn Pinterest Email

The effect of coronavirus (Covid-19) has started appearing on corporate India and startups. Layoffs have started in companies. After the stalled work due to the lockdown, companies have started removing employees in the name of cost-cutting. Health and fitness startup Cure.fit has fired more than 1000 employees from its many centres in the country. Cure Fit was started by Flipkart and Myntra executives Mukesh Bansal and Ankit Nagori.

Forced Resignation

It is alleged that the company has forcibly resigned from its centre managers, fitness trainers to clinching staff. Employees allege that resignation is being sought from them without any official communication. Employees allege that their experience certificate has also been threatened to stop if they do not resign. Those who have resigned will be issued experience letters with a salary of 45 days till 15 June. However, those who do not resign will be given salary only. The experience letter will be withheld.

Start Pickle Making Business Invest 10,000 and Earn 30,000 Per Month

Social Media Account, Email Deactivated

On May 1, the company demanded resignation from its employees. The company has instantly deactivated all social media chat groups, working emails of its employees. Employees allege that the company is paying only 45 days of salary to those who are fired. Employees say that the company is issuing the letter itself, accepting the resignation itself. A letter of approval for the resignation has also been issued to those who have not resigned so far.

The Zee Business Digital team also has phone recordings of conversations between employees and the company’s HR. This clearly shows that on behalf of HR, employees are being asked to forcibly leave the job. At the same time, it has also been said to stop the experience certificate if you do not resign.

Zee Business had sent an email to the company in this regard, in response to which the company has released its official statement. The company says that due to Coronavirus and lockdown, their functioning has come to a complete standstill. The business of many centres has been badly affected. There is no hope of improvement in this for the next few years. This is the reason why we are having to shut down our operations in some cities of India and UAE even in these difficult times.

What is Bharat QR Code? How Can You Get Benefit From It?

Company Issued an Official Statement

The company says that we are taking many steps keeping in mind our customers. Looking at the business in the long term, we have decided to do some cost-cutting. We have reduced our employee base in the Indian market. Also closing some centres. Apart from this, cuts have also been made in salary. The founders have cut their 100% salary. At the same time, there is a 50 per cent salary reduction in the management team. Apart from this, 20-30 per cent of salary has been cut in staff according to the posts.

Impact of COVID-19 on Your Insurance Policy

Let me tell you, there are celeb trainers like Mandira Bedi and Shakti Mohan with Cure.fit. Also, Hrithik Roshan and Tiger Shroff are the brand ambassadors of this company. Cure.Fit works under many names in the health sector. It includes formats like Care.Fit, Eat.Fit, Cult.Fit and Mind.Fit. This includes businesses such as health, food delivery, cafes, gyms, and fitness.

Source – Zee News

Company Profiles
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Editorial
  • Facebook
  • Twitter

Related Posts

It's Not Easy Being an Intolerant Californian

July 7, 2022

Failure of US local weather management compounds fears for COP27 summit

July 7, 2022

Iranian foreign money charges for July 7

July 7, 2022

IEA warns on China’s dominance of photo voltaic panel provide chain

July 7, 2022

We Want to Rebuild U.S. Relations With China

July 7, 2022

Leadership: Six Studies in World Strategy by Henry Kissinger

July 7, 2022
Add A Comment

Comments are closed.

Advertisement
Editors Picks

The Rich World's Climate Hypocrisy

June 20, 2022

Sensex jumps 765 points to new record high, investors’ wealth rises by Rs 3.56 lakh crore

August 30, 2021

Jammu and Kashmir: Policeman shot dead, killed by his colleague after mutual dispute, arrested

March 28, 2021

This is the right way to update KYC in PF account, first know whether KYC has happened or not

March 26, 2021
Advertisement
Latest Posts

Hungary and Poland: Decoupled however nonetheless ready for EU cash

July 7, 2022

HMRC victory in Alan Parry tax case raises uncertainty for freelance staff

July 7, 2022

It's Not Easy Being an Intolerant Californian

July 7, 2022

Business Lend is a platform which brings executives officers, entrepreneurs, and venture capitalist together from different sectors. We keep on connecting with our users with the help of our monthly edition carving our way slowly towards the highest readership.

Facebook Twitter Instagram LinkedIn
Must Read
  • Hungary and Poland: Decoupled however nonetheless ready for EU cash July 7, 2022
  • HMRC victory in Alan Parry tax case raises uncertainty for freelance staff July 7, 2022
  • It's Not Easy Being an Intolerant Californian July 7, 2022

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

© 2022 BusinessLend. Designed by ThemeSphere.
  • About Us
  • Contact
  • Add Post
  • Contribute For Us
  • Privacy Policy
  • Our Authors

Type above and press Enter to search. Press Esc to cancel.