Author: HR Talk

Attrition

Deutsche Bahn announces massive job cuts, letting away 30,000 by 2029.

Deutsche Bahn (DB) has announced a significant restructuring plan that includes cutting approximately 30,000 full-time jobs over the next five years. This decision comes after the company reported a €1.2 billion loss in the first half of the year, citing recent strikes, major construction projects, and extreme weather conditions as the primary causes. In addition to the job cuts, the company also plans to close unprofitable divisions, particularly in rural and economically weaker regions. Specific railway lines are reportedly targeted for closure as well. The German government, which owns Deutsche Bahn, is pushing for the company to become more economical…

Read More
Benefits

Microsoft announced a unique bonus for employees

Microsoft announced a special one-time cash award for employees, adding an extra 10-25 percent to their annual bonuses for the recently completed fiscal year. This gesture is aimed at recognizing the significant contributions and achievements of its workforce. In a companywide memo from Kathleen Hogan, chief people officer at Microsoft, employees were informed that executives would not be eligible for this bonus. The company is prioritizing higher percentages for employees at lower levels to ensure a fair distribution. The special one-time cash award will be available to all employees in levels 67 and below, including hourly and equivalent positions. The…

Read More