Author: HR Talk

Global tech firms increasingly hire from India’s Tier-3 colleges, survey finds

New Delhi: In a significant move toward improving workplace conditions, the Ministry of Finance has instructed public-sector banks (PSBs) to develop immediate action plans to tackle employee stress, excessive working hours, and staffing shortages. The directive underscores the government’s growing focus on mental and physical well-being within the banking workforce and aims to promote a more sustainable and supportive work environment across state-run institutions. According to reports, the ministry’s intervention follows months of representations from bank unions and officers’ associations, who have raised concerns about rising workloads, expanding non-banking responsibilities, and ambitious business targets. The Finance Ministry has directed bank…

Nestlé to reportedly cut 16,000 jobs globally amid automation and restructuring plans

New York: U.S. authorities have charged Mehul Goswami, a 39-year-old resident of Colonie, New York, for allegedly holding two full-time jobs at the same time and misusing over $50,000 in taxpayer funds. According to official statements, Goswami was employed remotely by the New York State Office of Information Technology Services (ITS) when he reportedly accepted another full-time position with GlobalFoundries, a semiconductor manufacturer based in Malta, New York, in March 2022. Investigators allege that he performed duties for the private company during hours he was expected to work for the state. The case was uncovered following a joint investigation by…

EPFO allows 100% PF withdrawal as pre-Diwali gift for salaried employees

Citigroup has made artificial intelligence (AI) training compulsory for most of its global workforce, underlining the growing importance of AI skills in the banking sector. The programme covers approximately 1.75 lakh employees across 80 locations, out of the bank’s total headcount of around 2.29 lakh. The training focuses on helping employees interact effectively with AI tools by teaching them how to craft accurate prompts. Modules use adaptive learning technology, allowing beginners more time to complete the course while advanced users progress faster. Citi has reported high engagement with AI internally this year, with employees entering millions of prompts into its…

Accenture is undergoing a significant restructuring, with a stronger emphasis on artificial intelligence (AI) and automation. Reports indicate that the Dublin-based consultancy has reduced its workforce by approximately 11,000 employees over the past three months and may continue to adjust headcount in the coming months. The company has reportedly allocated around ₹7,669 crore for the restructuring initiative, which includes reskilling programs for employees to adapt to emerging technologies. While reskilling is a priority, not all employees are expected to be included, leading to further reductions in workforce. By the end of August 2025, Accenture’s global workforce stood at approximately 7.79…

German airline Lufthansa is planning to reduce its workforce by roughly four per cent, which amounts to around 4,000 jobs over the next five years. Reports indicate that administrative and operational roles are expected to be the most affected. The move comes as the country faces high unemployment and economic challenges, including competition from China, rising energy costs, and slower technology adoption. Lufthansa Group employs about 103,000 people globally across its subsidiaries, including Swiss International Airlines, Eurowings, Austrian Airlines, Brussels Airlines, and recently acquired ITA Airways. The company has also revised its operating margin target from eight per cent to…

Volkswagen Group is restructuring its India operations as it faces declining market share, heightened competition, and increasing regulatory challenges. Skoda Auto, which manages the Group’s India business, is leading the overhaul with the goal of improving efficiency and preparing for future industry changes. The restructuring follows the exit of nearly ten senior executives, signaling a major leadership realignment. The review will influence workforce deployment, reporting structures, and skill development priorities, with employees playing a central role in the company’s shift toward electric vehicles and partnerships with local firms. A $1.4 billion import duty dispute has added financial pressure, prompting Volkswagen…

Tata Consultancy Services (TCS) has stated that employees affected by its recent workforce realignment are being provided with appropriate care and support. The company is reducing around two per cent of its workforce in the 2026 financial year as part of a broader initiative to align employee skills with future business needs. Reports earlier suggested that some long-serving employees whose skills no longer matched requirements were offered severance packages of up to two years’ salary. TCS has not confirmed these figures but reiterated that affected employees are receiving compensation and assistance in line with their individual circumstances. The restructuring comes…