Tag: Workforce
94% Indian companies plan to upskill their workforce in 2024: Report
A recent report by a LinkedIn reveals a surprising trend in the Indian job market: while AI continues to reshape the world of work,...
SpiceJet to axe 1400 roles in bid to stay afloat
Indian budget carrier SpiceJet is facing turbulence, announcing plans to lay off 1,400 employees – 15 per cent of its workforce – in a...
To save $215 mn, Worldline to eliminate 8% of workforce
Worldline, a French payments company, plans to cut eight per cent of its workforce to save money. The firm is hoping to save about...
L&T gears up for workforce expansion as order book bulges
Larsen & Toubro (L&T) is on an expansion spree, planning a 10 per cent workforce increase over the next year, following a similar growth...
Ministry leads ‘Women in the Workforce for Viksit Bharat’ event
On 31 January 2024, ‘Women in the Workforce for Viksit Bharat’ will be hosted by the Ministry of Women and Child Development, Labour and...
Discord cuts 17% of its workforce
After Google, Amazon, Meta, and Twitter, Discord, a popular messaging platform, is now executing its largest-ever layoffs. As part of its strategic plan, the...
PowerSchool plans ambitious workforce expansion in India
PowerSchool, an EdTech company specialising in cloud-based K-12 education software in North America, aims to increase its workforce in India. In a recent announcement,...
Foxconn’s plans to double its workforce, investments in India
Foxconn, the manufacturer of Apple iPhones, is planning to invest an extra $1.67 billion in Karnataka. The approval for this investment came from the...
Volkswagen trimming workforce in pursuit of profits
To enhance profitability, Volkswagen has announced its plans to reduce its workforce in the coming year. The decision comes as the car manufacturer aims...
BSNL will dedicate 4% of its workforce to boost enterprise operations
Bharat Sanchar Nigam Limited (BSNL) is thinking of allocating four per cent of its workforce, which consists of 54,000 employees, to improve and strengthen...
Ikea hits 30% local sourcing; 46% female representation in India workforce
Ikea is making significant strides in its expansion efforts in India, with a particular focus on the promising opportunities. Back in 2013, Ikea made...
Indian aviation agencies undergo significant workforce expansion
The Ministry of Civil Aviation (MoCA) has introduced a range of initiatives to strengthen the institutional framework and enhance the workforce in critical aviation...
Gujarat aims to impart skills training to increase women’s LFPR
The state government has devised an extensive strategy to boost women's involvement in the state's workforce, with the goal of surpassing the existing 27...
IIFL finance announces ESOPs for top performers in workforce
On 4 September 2023, IIFL Finance announced the launch of a employee stock ownership plan (ESOP) scheme valued at Rs 180 crore, which is...
Flipkart invests in infrastructure, skilled workforce
As part of Flipkart’s expansion strategy, the company has been actively recruiting new employees. Flipkart plans to utilise its Kirana -delivery programme to handle...
240 to be laid off at Pegasystems in 2nd round of...
Pegasystems, a global software corporation, has announced its second round of job cuts in the current year, amounting to approximately four per cent of...
What are the effects of ’quiet cutting’?
‘Quiet cutting’ has emerged as a nuanced approach to workforce management thanks to the workforce dynamics of today. Unlike traditional employee layoffs, quiet cutting...
Getir to reduce headcount, lay off over 2000 employees
Facing financial difficulties, Getir, the high-speed grocery delivery startup, has announced its intention to downsize its workforce by around 2,500 employees. The organisation presently has...
Is Amazon making injured staff continue working?
The first-aid centres, referred to as AmCare, located within Amazon warehouses in San Francisco are apparently instructing injured workers to return to their duties...
Foxconn plans expansion in India, focuses on workforce development
Foxconn is making significant strides in its expansion plans in India, particularly in terms of hiring and workforce development. Since its inception in India...
H&M investigates labour exploitation in Myanmar garment factories
H&M is looking into 20 cases of labour exploitation in the garment factories of Myanmar from where the fashion retailer’s supplies come, as informed...
Rapid7 implements layoffs as part of restructuring for cybersecurity success
Rapid7, a cybersecurity firm based in the US, has recently joined other companies undergoing workforce reductions. The company has officially announced its plans to...
Reorganisation in Discord leads to termination of 4% staff
In April 2023, Discord, an instant messaging and VoIP social platform, boasted an employee count of over 900, while its user base reached an...
Taiwan revises laws on sexual harassment
Taiwan has recently made significant amendments to three of its laws dealing with sexual harassment. The decision came in response to a series of...
Ericsson to implement job cuts in North America amid global workforce...
Ericsson, the multinational technology company, has announced plans to carry out job cuts in North America affecting up to 750 individuals, later this year....
Master Capital S. expand workforce in South India
Master Capital Services, a prominent broking and investment platform, has exciting plans for expansion in the fiscal year 2023-24. As part of its growth...
How this energy company is championing employee inclusivity & engagement
In today’s competitive business landscape, fostering an inclusive and engaging work environment is not just a feel-good initiative; it’s a strategic imperative. Jakson Green,...
Trident’s Asmita leaves blossom into inclusive workplaces
Forget the tired trope of corporate activism. In the heart of India's textile industry, Trident, a manufacturing company, is quietly weaving a revolution in...
Harness.io: Cultivating a talent powerhouse in the tech crucible
The tech scene, be it in India or San Francisco, is equally crucible, fiercely competitive and unforgiving. In both the landscapes, attracting and retaining...
Engagement is outdated: The future of success lies in ‘employee involvement’
In the ever-evolving landscape of the contemporary workplace, a profound metamorphosis is underway, challenging the conventional emphasis on employee engagement. This paradigm shift posits...
Why is Samsung embracing a 6-day workweek?
Executives at Samsung Electronics will be working six days a week. That is, in addition to the five days of work, they will now...
Latest
10% of Brevan Howard Asset Management to be laid off
Brevan Howard Asset Management is all set to reduce its workforce by a 100 people. This is part of a cost-cutting exercise at the...
V2 Retail to hire 1500+ employees; eyes market growth
V2 Retail, an Indian retail company, has unveiled an ambitious roadmap for expansion, signalling its intent to recruit over 1500 professionals across various domains....
2.05 lakh out of 7.78 lakh new EPFO members added are women
Employees’ Provident Fund Organisation (EPFO) reportedly added 15.48 lakh members on a net basis, as per the provisional payroll data. The heartening news is...
Starting June 2024, UBS will implement layoffs in 5 waves
UBS, the Swiss banking firm, is implementing cost-cutting measures. As part of this exercise, it will lay off people from its workforce in five...
DIALOGUE
Data analytics and not technology will redefine HR
Q. How satisfying has been your professional journey of 39 years?
A. It has been a bagful of mixed experiences. At times I have been...
EQ, IQ & empathy define the success of a CEO
Q. You spent 16 years at LIC before moving to a corporate role at ICICI Prudential. Now, 22 years on, I am still curious...
“The big change has been that we have moved from jobs to skills,” Amaresh...
Q. How would you define the culture at GE?
A. Having been present in this region since 1902, GE has been around for 120 years....
