Author: HR Talk
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.
Pixar to eliminate 14% of roles
TikTok plans major layoffs in its global marketing and operations workforce.
Paytm announces possible layoffs in the midst of its first-ever sales drop.
The UAE’s migrant workforce from India boosts the country’s GDP by $100 billion.
Tata Motors revives multi-skilled beneficiary programme to increase worker competency.
CEO of OpenAI answers issues about safety and equity.