Cognizant has postponed its salary hikes to August 2025, delaying increments by five months from the usual timeline of March. However, eligible employees will still receive their bonuses in March 2025. This marks the second consecutive year that the IT...

A recent town hall meeting featured Andy Jassy, the CEO of Amazon, discussing changes in the company's approach to promotions. He expressed that the most successful leaders are those who effectively utilize the limited resources available to them. Jassy emphasized...

Boeing has laid off approximately 180 employees at its Engineering and Technology Centre in Bengaluru, Karnataka. This decision is part of a global workforce reduction initiative, according to reports citing sources.Boeing’s Engineering and Technology Centres in Bengaluru and Chennai...

Morgan Stanley, which had a global headcount of at least 80,000 employees at the end of last year, is preparing to reduce its workforce. Following the recent layoff of 3,000 employees in China, the bank plans to cut its...

By 2029, Audi, the German luxury carmaker, plans to reduce its workforce in Germany by 7,500 employees, which accounts for approximately 14% of its total workforce. The layoffs will predominantly affect the administration and development divisions, while factory workers...

Ross Gerber, a Tesla investor, has voiced his concerns about Elon Musk's neglect of his duties as Tesla’s CEO in favor of his role in the government. With Tesla's share prices and sales declining, Gerber believes Musk should resign...

Siemens is set to reduce its global workforce by approximately 6,000 employees. Around 50 percent of these job cuts will occur in Germany, as the company aims to cut costs in response to slowing demand and challenging market conditions....

Citigroup has decided to reduce its reliance on third-party workers. The bank plans to hire more staff for its internal technology team and will lay off 30 percent of its information technology (IT) contractors. Reports indicate that Citigroup intends...

Redundancy programs at Volkswagen's Cariad software unit will result in 1,600 job cuts by the end of this year. Cariad, established in 2020, is the automotive software division of the Volkswagen Group. Its purpose is to create and deliver...

Samsung Group is increasing its hiring efforts this year, planning to recruit over 10,000 employees despite widespread job cuts in the global tech industry. The company will begin the first phase of recruitment today, March 10, 2025.A total of...

Cognizant, the IT giant, has begun its bonus payouts for 2024, with eligible employees receiving between 85% and 115% of their targeted bonuses, according to reports. These payouts represent the highest levels seen in three years, highlighting the company’s...

Britain’s Lloyds Banking Group plans to establish a team of 4,000 information technology engineers in Hyderabad, India, by the end of 2025. This means that nearly 50 percent of Lloyds’ engineers will be working outside of Britain by that...