Author: Asher J

Pfizer is planning to reduce its workforce in Switzerland as part of a broader, multi-year cost-reduction programme, according to media reports. The move could result in more than 200 job cuts, with the company’s Swiss operations expected to shrink from around 300 employees to about 70 by the end of the year. The workforce reduction forms part of Pfizer’s efforts to achieve approximately $7 billion in cost savings over the next two years. The company has said the strategy focuses on streamlining operations, simplifying internal processes and reallocating resources toward higher-impact areas to improve efficiency and productivity. Pfizer aims to…

State Bank of India (SBI) has outlined an expansion plan to strengthen its presence across the country, improve service capacity and support financial inclusion initiatives. As part of this strategy, the country’s largest lender plans to recruit around 16,000 employees and open between 200 and 300 new branches by the end of the 2025–26 financial year. The hiring initiative comes amid continued focus on job creation within the financial services sector. Recruitment is expected across operations, customer service, digital banking support and frontline branch roles. SBI is likely to onboard both fresh graduates and experienced professionals to meet growing customer…

UBS could reduce its workforce by as many as 10,000 additional roles by 2027, according to a report by SonntagsBlick cited by Reuters. If implemented, the cuts would affect nearly nine per cent of the bank’s global workforce, which stood at about 110,000 employees at the end of 2024. While UBS has not confirmed a specific number, it has acknowledged that further job reductions are part of its long-term strategy following the acquisition of Credit Suisse in 2023. Responding to the report, the bank said workforce reductions would be carried out gradually and kept “as low as possible.” UBS indicated…

LTIMindtree has introduced nearly 1,500 AI-enabled “digital employees” across its finance, infrastructure operations and customer service functions, marking one of the largest internal AI deployments within India’s IT services sector. These AI agents are assigned identities, profiles and AI-generated avatars, and the company says they are trained, supervised and evaluated in ways similar to human staff. LTIMindtree noted that these digital personas will continue to evolve, and some may be phased out if they do not meet performance standards. The introduction of these agents supports LTIMindtree’s nonlinear growth strategy, which focuses on increasing revenue without proportional additions to its workforce.…

FedEx has announced plans to lay off approximately 856 employees at its Coppell, Texas facility, which is scheduled to close in about five months. The layoffs will take place in phases beginning in January 2026. According to the company, the closure is tied to a customer’s decision to shift its business to a different location and partner with another third-party logistics provider. As a result, operations at FedEx Supply Chain Logistics & Electronics Inc. in Coppell will be discontinued. Employees have been informed in advance to allow time to prepare for the transition. FedEx stated that some affected workers may…

Instagram has announced a new workplace policy requiring all US-based employees to return to the office five days a week. Meta confirmed the change on Monday, 1 December 2025. The mandate will take effect on 2 February 2026 and represents a significant shift from the company’s earlier hybrid approach. The updated requirement applies exclusively to Instagram employees and does not extend to other Meta platforms such as Facebook and WhatsApp. Meta previously implemented a three-day-per-week office policy for its global workforce in September 2023, aligning with hybrid models adopted across the tech industry. According to internal communication shared by Adam…

Tata Consultancy Services (TCS) is facing renewed scrutiny after reports of additional job cuts at its Pune operations. According to recent information, about 365 employees were released from the Pune centre over the past few days. This follows the company’s earlier indication that more than 12,000 roles would be impacted this year. Several affected employees have reportedly approached the Labour Commissioner, seeking reinstatement and alleging that the dismissals were abrupt. Multiple hearings are currently underway. Some employees claim that established layoff procedures were not followed and that compensation was inadequate. A few women employees have stated that they were asked…

The BBC has confirmed a major transformation initiative, internally dubbed Project Ada, aiming to save at least £100 million through workforce restructuring and operational modernisation. The plan seeks to help the corporation compete with global tech companies and adapt to rapid digital and AI-driven changes in media. In a note to employees, Chief Operating Officer Leigh Tavaziva acknowledged the uncertainty the project has generated but emphasised that the reforms are intended to maintain the BBC’s creative and technological leadership. The initiative focuses on streamlining operations, shifting resources to digital-first priorities, and evaluating thousands of non-content roles in areas such as…

Nvidia CEO Jensen Huang has encouraged employees to make artificial intelligence (AI) an essential part of their everyday tasks, signalling a stronger push for company-wide AI adoption. Speaking at an internal all-hands meeting—details of which later surfaced through media reports—Huang emphasised that AI should be embedded across workflows, from software development to product innovation. He described AI not as a threat, but as a tool that can significantly boost productivity and open new opportunities. Huang reportedly questioned why some managers continued to discourage AI usage, noting that such restrictions run counter to the company’s direction at a time when AI…

HP Inc. has announced plans to reduce its global workforce by 4,000 to 6,000 employees by 2028 as part of efforts to streamline operations, boost productivity, and accelerate product development. The reductions will primarily affect teams in product development, internal operations, and customer support. CEO Enrique Lores stated that the cuts are expected to save the company approximately $1 billion in gross run rate over three years. The move comes amid rising demand for AI-enabled PCs, increasing memory chip costs, and intensifying competition in the consumer electronics sector. Earlier this year, HP had reduced about 2,000 positions globally and indicated…