Author: HR Talk
Major restructure at Ola Electric
Layoffs at John Deere to affect 650 employees.
Google lays off at least 100 employees in its cloud division
British Airways gears for huge recruitment drive
16 weeks of parental leave for Citigroup employees in the United States
Unemployment in Germany increased by 25,000 in May
In response to impending regulatory shifts, Citigroup and HSBC Holdings are pivoting away from hybrid work arrangements. Potentially signalling a broader trend, the banks have mandated office presence for their US employees. Citigroup’s move affects 600 employees who were previously allowed to work remotely and are now required to commute daily. Similarly, the policy change will impact around 350 HSBC workers—roughly half of the company’s city-based workforce. Notably, not all employees may have a strict five-day workplace schedule. Due to forthcoming FINRA regulations, certain roles, such as dealmakers and bank traders, will be exempt from this mandate. While first prompted…
Manchester United employees were told to return to the office or receive a resignation bonus.
Fisker CEO encounters employee opposition during layoffs.
Foxconn will reduce its personnel amid rising wages.