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Tag: Harsh Goenka

  • ‘There must be a method to his madness’: Harsh Goenka defends Elon Musk, says give him some time 

    ‘There must be a method to his madness’: Harsh Goenka defends Elon Musk, says give him some time 

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    RPG Group Chairman Harsh Goenka is a frequent Twitter user who shares interesting posts with his 1.7 million followers. His Twitter feed has content for users of all ages, from motivational to fascinating to million-dollar life lessons.

    Now, Goenka has something to say about the hullabaloo over a flurry of decisions by Musk. He said that people are underestimating the genius of Elon Musk.

    Goenka said Musk was ahead of his time with his other businesses, including Tesla, SpaceX, and The Boring Company, and that there must be “a method to his madness.” 

    “We are underestimating the genius of Elon Musk. There must be a method to his madness. Whether it was Tesla, SpaceX or Boring co, he was ahead of his times. He surely has a game plan with #Twitter which we just can’t comprehend. Let’s give him time before we predict its death,” He said. 

    Goenka had previously written a post titled “Merits of Working Hard” before sharing an old video of Elon Musk.

    Musk revealed in the video that he and his brother had to rent a small office and sleep on a couch when they started their first business. He continued by saying that they took showers at the Young Men’s Christian Association and worked nonstop to establish their business. Musk also recommended that people work nonstop, especially if they were just starting a business. 

    According to reports, the CEOs of Tesla and SpaceX gave their speech during the undergraduate ceremony at the USC Marshall School of Business in 2014.

    Social media users gave mixed reactions to the post. A user wrote. “While I too am optimistic that Twitter will survive and thrive, what I am not sure of is his intent. What color and form will @Twitter take and what will be its stated editorial policy. Agree, I guess one will have to wait and see. @elonmusk.”
    Another Twitter user wrote, “Sir, he is a businessman, I am sure you have seen numerous decks. What you are presented is not exactly what you end up buying. It’s a huge buyout, it will settle. He’s already got his eyeball space.”

    “Even Alexander failed at last. Hard work brings success, success brings ego, and ego brings failure. Elon at the third stage now,” a user tweeted.

    Ever since Musk took control of Twitter, he has been in the spotlight. Musk announced a number of layoffs, including those of the top executives, shortly after assuming control of the company. He then declared that a subscription fee would be charged for the blue tick verification. 

    The rollout of the feature had to be temporarily paused last week due to a number of problems. After the blue tick was made available for subscription, many phony accounts that assumed the identities of well-known people were successful in obtaining a blue tick. To address these problems, Twitter was forced to pause the feature.
     

    Also Read: Don’t be swayed by Elon Musk: Ashneer Grover’s word of advice on mass layoffs

    Also Read: Elon Musk plans to fire more employees at Twitter in second round of layoffs: Report

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  • Infosys permits employees to take up gig work with prior consent from managers

    Infosys permits employees to take up gig work with prior consent from managers

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    Amid heated debate over moonlighting, India’s second-largest IT firm Infosys has allowed its employees to take up job opportunities outside the company with the prior consent of their managers and HR on Thursday. In an email, the software services exporter said: “Any employee, who wishes to take up gig work, may do so, with the prior consent of their manager and BP-HR, and in their personal time, for establishments that do not compete with Infosys or Infosys’ clients.”

    With this move, Infosys has become the first major IT company to allow its employees to take up gig work. The decision comes amid ongoing debates around moonlighting – a term to describe employees who take up a second job while being on the payroll of another firm – and employee rights in not just the IT industry but also in other professional work domains.

    Infosys CEO Salil Parekh recently said that the company did not support dual employment or working on gigs that could be in conflict with their work at the firm. He said that the company already had a platform that allowed employees to do internal gig work on internal projects.

    Infosys’ latest email to its employees nowhere mentioned ‘moonlighting’. It laid down guidelines assisting employees in taking up side projects that do not stand in direct conflict with their employment contract. The email said that Infosys counts on its employees to ensure that this does not impact their ability to work with the company effectively.

    “In addition, as per Infosys employment contract, employees may not work in areas when there is a potential conflict of interest or by accepting dual employment,” it said as per the report. The email further said Infosys, being an organisation that values learnability, totally supports its employees to take up additional projects.

    The whole moonlighting debate was started by Wipro chairman Rishad Premji, who in a tweet on August 20 said: “There is a lot of chatter about people moonlighting in the tech industry. This is cheating – plain and simple.” After him, many tech honchos voiced their opposition to moonlighting.  

    RPG Enterprises chairman Harsh Goenka said moonlighting cannot be tolerated because of data, which is sacrosanct. “Moonlighting: Wipro vs Swiggy – they just can’t be compared. Wipro deals with Fortune 500 clients for whom data secrecy is sacrosanct.  If the customer finds even a remote chance of data compromise, it will not be tolerated,” he said.

    However, just days ago, former HCL CEO Vineet Nayar said moonlighting is unstoppable. He also questioned the top management of companies saying if their involvement in other companies as board members or as investors in startups amounts to moonlighting.

    Also read: Wipro, Infosys, Capgemini: Freshers await offer letters for up to 10 months after selection

    Also read: Which are India’s biggest tax paying companies? Find out here

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