Match Group, the parent company behind popular dating apps such as Tinder, Hinge, and OkCupid, has announced a major workforce reduction. Around 325 employees, or 13 per cent of its global staff, will be laid off as part of a restructuring strategy to streamline operations and reduce costs. This is the first major overhaul under the company’s new CEO, who stepped into the role in February 2025. The decision comes at a time when the online dating industry is grappling with falling engagement levels, especially among younger users. Many are turning to offline meetups and free alternatives, leaving paid platforms…
Author: HRK News Bureau
Microsoft has taken a firm stance against the use of the DeepSeek app by its employees, citing serious concerns around data privacy and potential propaganda risks. The company has officially prohibited the use of the app on both desktop and mobile devices across its workforce. Why? Because of how DeepSeek handles user data. All data collected through the app is stored on servers located in China. Under Chinese law, local authorities can request access to that data at any time. This creates a significant risk for global companies such as Microsoft, especially when it comes to protecting internal and sensitive…
A recent viral story has sparked conversation around modern workplace dynamics and the true path to recognition. An employee who once stretched himself thin by consistently overdelivering found that setting boundaries was what finally got him an increment. For years, he had arrived early, stayed late, and picked up slack for coworkers. He answered emails during off-hours and rarely refused additional tasks. Despite his visible dedication, his repeated requests for a promotion went unanswered. Each time, management acknowledged his potential but cited vague reasons for not letting him advance. The frustrated employee decided to make a change. He stopped volunteering…
Saibal Chandra Banerjee has joined Magson Retail & Distribution as CEO. He moves from Wellness Forever Medicare where his last-held designation was that of senior vice president-merchandising. A Science graduate from the University of Calcutta, Banerjee has also completed an MBM in marketing from the same institution. Having begun his professional journey as an area sales supervisor with Reckitt Benckiser, in 1999, Banerjee moved to Balsara Home Products as area sales manager two years later. In 2004 he joined Wipro Consumer Care and Lighting in a similar role for a two-year stint. From 2006 to 2007 he was with Dabur…
Given the current situation of India and Pakistan, the West Bengal government has cancelled the leaves of all state government employees until further notice. A similar directive has been issued by the Delhi government to its employees too. Even those employees of West Bengal government who were earlier sanctioned leave have been ordered to return to duty barring those who are on medical leave. Officials have been stopped from leaving their headquarters without seeking permission, in writing, from their heads of department. Senior officials are expected to be available in the control room and have been asked to keep their…
After three years of association with MakeMyTrip, Richa Jha has been elevated to the position of director-human resources. Jha had joined the online travel company as associate director-human resources, in May, 2022. An Economics graduate from Patna Women’s College, Jha completed a PGDM in human resource management and industrial relations from International School of Business and Media. Jha began her professional journey as a summer trainee with Astrazeneca, in 2008. She joined Wepsol as assistant manager-HR in 2009. For the next two years, she successfully handled the profile of business HR with 115 sales employees across 14 locations in India.…
In a significant boost to India’s growing corporate mobility sector, Bengaluru-based Routematic has raised $40 million (INR 340 crore) in a Series C funding round. The investment was led by Fullerton Carbon Action Fund and Shift4Good, two major global investors focused on climate and sustainability. Ostara Advisors, an Indian climate-tech investment- banking firm, advised Routematic through the deal. This fresh capital will help Routematic expand its operations and scale its fleet to over 10,000 vehicles in major Indian cities by March 2026. Routematic, founded in 2013, offers AI-powered transport solutions to over 300 corporates in 23 Indian cities. The company…
UBS has elevated Meena Kothari as its head-human resources. Prior to this, Kothari served as the head-employee relations, UBS Bringing over two decades of experience in HR, she will lead the company’s HR operations across India, supporting the firm’s growth with a strong focus on talent, culture and transformation. Prior to joining UBS, Kothari was associated with Credit Suisse as its director, country head HR. In this role, she looked after the company’s HR operations in India. She joined the company in the year 2023. She has also worked with top financial institutions such as Rabobank and RBS. Her expertise…
Cybersecurity firm CrowdStrike has announced it will lay off 500 employees, accounting for five per cent of its global workforce. The move is reportedly aimed at improving operational efficiency and designed to help the company scale its business with greater focus and discipline. The company is working toward an ambitious target of achieving $10 billion in annual recurring revenue (ARR). The job cuts, which will be rolled out in phases, come despite the company’s strong financial performance. Interestingly, the company plans to continue hiring selectively. New roles will be created in high-priority areas such as product engineering and customer-facing functions.…
South Korea’s largest shipbuilder is turning to humanoid robots to address ongoing labour shortages and rising ship orders. HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has partnered with HD Hyundai Robotics, Houston-based Persona AI, and manufacturing firm, Vazil Company to develop humanoid robots capable of performing complex welding tasks in shipyards. The humanoid welders are expected to not only improve productivity but also reduce physical strain and safety risks for human workers. The joint initiative aims to roll out the first prototype humanoids by the end of 2026. Field testing and full-scale commercial deployment are planned to begin in…
Wells Fargo, the American multinational financial services firm, is set to shut down its Global Capability Centre (GCC) in Chennai. The company has offered its Chennai employees the option to relocate to its other India locations—Bengaluru or Hyderabad. The whole transition process will be completed by the fourth quarter of the financial year 2027. The decision is part of Wells Fargo’s ongoing enterprise location strategy. The move aims to streamline operations and provide more concentrated career- development opportunities for employees while improving services for clients and customers. The consolidation will be executed gradually over the next few years, ensuring continuity…
PepsiCo has elevated Gunjan Mittal to director-global talent management and learning operations. Mittal has been with the company since August 2019. Gunjan Mittal began her professional journey with ICICI Bank as officer, in 2002. Two years later, she moved to Deloitte where she spent over 14 years. She started off as an analyst-learning and development (learning coordinator), in June of 2005. Two years into this role, she was promoted to senior analyst, working out of Hyderabad. From June of 2009 to May of 2011, she was assistant manager-learning support centre. She spent the next two years creating strategies to improve…
EZ, the B2B services company has empowered 20 per cent of its workforce with its Performance Buddy programme. This is the company’s way of reinforcing its commitment to employee well-being. The programme is a confidential one-on-one counselling support initiative provided by an external team of professionals specialising in mental well-being. It offers a safe, unbiased, non-judgmental, and confidential space for employees to engage openly with trained counsellors, fostering emotional clarity, mental well-being and self-awareness as essential drivers of performance. The initiative has helped employees navigate a range of personal and professional challenges, including managing stress, improving work-life balance, resolving interpersonal…
Google’s global business unit, which handles sales and partnerships for the tech major has eliminated about 200 employees. As per media reports, the company is focusing on better collaboration so as to be able to ensure better customer service. This requires restructuring and changes in the workforce. In April second week, the company had let go hundreds of employees in its platforms and devices unit, which is responsible for the Android platform, Chrome browser and Pixel phones. At the time the company had stated that it has been trying to become more agile and achieve operational efficiency ever since the…
Tenneco has a new India CEO in Arvind Chandra. Backed by three decades of experience, Chandra was earlier associated with Aliaxis as CEO for India and board member. Arvind Chandra began his career with Delphi as manufacturing engineer/quality engineer, O2 sensors, exhaust products, working out of the US. Two years into this role, he was elevated to global product marketing manager, air controls, Michigan, US. Two years later, another promotion made him platform sales and programmes manager, batteries, braking, generators. Then came a role as business planning manager, Europe. In May of 2005, he relocated to Bangalore to play director,…
General Motors (GM), the American automaker is preparing to eliminate jobs in Israel. In fact, it has reportedly begun hearings and summoned employees for the same at its development centre in Herzliya, which employs 700 people. As part of a reorganization of its software division, dozens of employees were let go in August last year. The latest job cuts at its global hub are said to have been triggered by the recent closure of GM’s autonomous vehicle subsidiary, Cruise. With the demand for electric vehicles (EVs) slowing down, the company is undergoing restructuring worldwide and reassessing its situation. With the…
Unity Biotechnology, once a rising star in the biotech world, has laid off its entire workforce, including top executives, as it endeavours to conserve cash and evaluate potential exit strategies. The South San Francisco-based firm, known for its high-profile backing and focus on anti-aging treatments, has now hit a critical breaking point. All remaining employees will exit by 15 May, including CEO Anirvan Ghosh, CFO, and chief legal officer. According to filings with the US Securities and Exchange Commission, Unity plans to spend about $3.7 million on severance — a sizeable chunk of the $16.9 million it had left in…
India is preparing to play a larger role in the global workforce as demand for skilled professionals continues to surge all over the world. The launch of the Global Access to Talent from India (GATI) Foundation in New Delhi is expected to make India a key supplier of talent across international markets. The GATI initiative aims to create structured migration pathways for Indian professionals. The target is to enable the outbound movement of 2 to 2.5 million workers annually. The initiative also hopes to boost inward remittances from the current 2.5 per cent of GDP to 4–5 per cent, potentially…
Uber is making changes to its workplace policies, sparking backlash from employees. Starting in June, the company will require employees to work from the office at least thrice a week, up from the previous two. Alongside this change, Uber has also revised its sabbatical policy. Employees will now be eligible for a month-long paid sabbatical only after eight years of service, compared to the previous five-year requirement. These updates were met with frustration during an all-hands meeting held on 29 April. Many employees voiced concerns about the sudden policy shifts, especially those who had already planned their sabbatical leaves. Some…
Richa Saraswat has been appointed chief human resources officer (CHRO), DFM Foods. She has moved from United Breweries, where she had spent over two years heading the northern cluster and playing HR business partner, supply chain. An alumna of Delhi University and International Management Institute (IMI), Saraswat served as associate manager-HR, Vedanta’s Iron-Ore division, from May 2008 to July 2011. She then moved to Vedanta Resources to handle corporate human resources. She was elevated to head of talent acquisition in 2019. At Vedanta, she was known for diligence and focussed work and her ability to handle complex strategic projects for…
Soon the talent pool available in Uttar Pradesh (UP) will have access to opportunities. The Cabinet of the state has given its nod to the Global Capability Centres (GCC) Policy, 2024. Under this policy, global companies will enjoy subsidies to set up their GCCs in Uttar Pradesh. Successful implementation of the policy will give rise to two lakh jobs in the state in the areas of customer support, analytics, HR, finance and so on. With global demand surging for talent and expertise in the fields of artificial intelligence (AI), robotics, quantum computing and fintech, the GCC Policy offers much needed…
GPS Renewables, a full-stack biofuels firm has roped in Satender K Sighadia for the role of chief human resources officer (CHRO). He moves to GPS after a long and successful tenure of over 11 years with FMC Corporation. An alumnus of the Management Development Institute, Gurgaon, Sighadia served the Indian Army as a major for over six years, from 2001 to 2007. In April of 2008 he joined Infosys as assistant manager, human resources. Three years into this role, he was elevated to lead, BPHR. He operated in a matrix organisation at both functional and strategic levels, partnering with business…
Broadridge, a company that provides technology-driven solutions for the financial services industry, has signed a Memorandum of Understanding (MoU) with Lovely Professional University (LPU) to bridge the gap between industry and academia. The objective of the collaboration is to equip students with real-world skills and practical exposure to be industry-ready. As part of the initiative, Broadridge has introduced a structured Train the Trainer programme, where its SMEs will mentor LPU faculty to ensure effective knowledge transfer. The 80-90 hours’ programme that runs over 16-17 weeks includes live sessions every week. The sessions include real-time case studies, interactive workshops, assignments, and…
Amazon is introducing a major shift in its compensation strategy, focusing on rewarding employees who consistently perform at the highest level over multiple years. This is a deviation from Amazon’s earlier approach, where increments were more evenly distributed regardless of tenure or performance history. Under the revamped model, veteran employees with four consecutive years of top performance will receive up to 110 per cent of their pay range—surpassing the previous 100 per cent ceiling. The updated structure will now place greater emphasis on an employee’s past performance ratings rather than just their latest achievements. For instance, those attaining top-tier ratings…
Tata Consultancy Services (TCS), the Indian IT services firm, has once again reduced variable pay for its senior employees. This is the third consecutive quarter of cuts. The reduced payouts apply to the January–March 2025 period and reflect the company’s ongoing efforts to control costs amid global economic uncertainty. Senior staff, who usually earn 15–20 per cent of their total compensation through variable bonuses, received only a small portion of their expected payouts. Some reportedly received as low as 20 per cent of their eligible variable pay. This move has caused concern among employees, especially as many met office attendance…
PwC has announced a significant round of layoffs in the US, cutting around 1,500 jobs. The reduction amounts to roughly two per cent of its US workforce, that is, over 75,000 employees. This marks the second major layoff under US senior partner Paul Griggs in less than a year. The layoffs primarily impact PwC’s audit and tax divisions, as they have seen slowing demand. Many of those affected had joined the firm recently, with some just months into their roles. Several employees were reportedly informed of their termination through abrupt meeting invites labelled “time sensitive.” This decision follows internal reviews…