Author: Maya Singh

India’s Global Capability Centres (GCCs) could expand their combined workforce to 3.7 million by 2031, driven by AI adoption, specialised technology skills and increasing global business mandates, according to an Embark report. India’s Global Capability Centres (GCCs) are expected to generate between 1 million and 1.4 million net jobs by 2031, taking the sector’s total workforce to approximately 3.3 million to 3.7 million, according to a report by Embark. The report, titled India GCCs in the AI Era: Implications for Workforce Growth and Office Demand, highlights the growing role of India as a strategic destination for multinational companies seeking technology…

Employee representatives have opposed the proposed 60.72% stake sale to Fairfax Financial Holdings, raising concerns over employment protection, reservation policies and the bank’s social responsibilities under private ownership. The proposed privatisation of IDBI Bank has triggered opposition from employee representatives, who have raised concerns about job security, reservation policies and the future of employment protections following the proposed change in ownership. The United Forum of IDBI Officers and Employees has opposed the proposed sale of a 60.72% stake in the bank to Fairfax Financial Holdings. The employee organisation has called for the privatisation process to be suspended and subjected to…

The reported job cuts come as Apple simplifies its management structure and reshuffles engineering leadership, while separate California filings reveal 147 permanent job reductions across three locations. Apple has reportedly laid off several hardware programme managers as part of an organisational restructuring aimed at reducing management layers and streamlining its engineering operations. According to Bloomberg reporting cited by MacRumors, the changes are part of a broader effort by Apple CEO John Ternus and Chief Hardware Officer Johny Srouji to simplify the company’s management structure and improve operational efficiency. Apple has not announced a company-wide workforce reduction. The exact number of…

The annual festive break, a tradition spanning more than two decades, will give employees an opportunity to celebrate Diwali with their families while reinforcing the company’s focus on work-life balance. Embassy Group, an Indian real estate development company, has announced a nine-day festive holiday for its employees from November 7 to November 15, 2026, allowing its workforce to celebrate Diwali and spend quality time with family and loved ones. The company-wide break is an annual tradition that Embassy Group has maintained for more than 20 years. The initiative reflects the organisation’s emphasis on employee well-being, family relationships and a people-first…

A Bengaluru court has ruled that confidentiality agreements cannot be used to prevent former employees from pursuing lawful employment with competing businesses. The decision highlights the distinction between protecting an employer’s confidential information and imposing restrictions on an individual’s professional mobility. The case involved EOX Vantage, which brought legal proceedings against its former employee, Shruthi BS, alleging that she had disclosed company data, solicited employees and diverted clients. The company sought a permanent injunction and claimed losses exceeding ₹20 lakh. It also referred to a criminal complaint in support of its allegations. The court recognised that employers have a legitimate…

Volkswagen is reportedly considering a global salary freeze until 2030 as part of its efforts to reduce labour costs and restructure its operations. The proposal could affect approximately 660,000 employees, although the company has not officially confirmed the plan. According to Reuters, citing information from Volkswagen’s Global Works Council, employee representatives had received internal information about the executive board’s reported proposal. German newspaper Süddeutsche Zeitung first reported the plan, citing internal documents. Volkswagen declined to comment on the reported salary freeze, describing the matter as speculation. A company spokesperson said upcoming discussions would provide an opportunity to consider proposals relating…

NatWest is increasing office attendance requirements for approximately 30,000 employees, marking a shift in its post-pandemic flexible working arrangements. The policy change removes the bank’s remote-first category, which was introduced in 2021 as part of a three-tier working model covering office-based, hybrid and remote-first roles. According to Reuters, nearly 13,500 employees who previously attended the office only a few days each month will now be required to work on-site two days a week. A further 17,000 employees working under hybrid arrangements will also face increased office attendance requirements. NatWest has maintained that flexible working remains an important part of its…

Tata Consultancy Services (TCS) will withhold quarterly variable pay for employees at grade C3A and above for the quarter ended September 2026, according to a Reuters report citing an internal company memo. Employees at junior levels will receive 100% of their eligible quarterly variable allowance. In the memo, TCS Chief Human Resources Officer Sudeep Kunnumal reportedly attributed the decision to the company’s performance falling short of internal expectations. The affected grades include employees in mid-level and senior positions. Grade C3A typically covers professionals with several years of experience, while higher grades include senior management roles. According to employees who spoke…

Netflix is reportedly planning a workforce reduction affecting around 1,000 employees, equivalent to approximately 6% of its workforce. The reported cuts follow earlier layoffs and reflect the company’s ongoing efforts to manage costs and organisational priorities amid changing business conditions. The job reductions are expected to affect several departments, including product, technology, legal and human resources (HR). The changes could reshape teams responsible for product development, compliance and employee management. Despite the reported workforce cuts, Netflix continues to report substantial revenue and profitability. The company recorded $45.2 billion in revenue and approximately $11 billion in net income for 2025, according…

Nike is planning to reduce its workforce as part of a broader restructuring programme designed to generate approximately $2.5 billion in cumulative savings through fiscal 2031. The move comes as the sportswear company continues efforts to streamline operations and improve business performance. The company has not announced how many jobs will be affected. Under its new Pace operating model, Nike expects to change the size and structure of its workforce, eliminate overlapping responsibilities and redirect resources towards key business priorities. Nike President and CEO Elliott Hill said the restructuring would involve strengthening capabilities in selected areas while removing duplicated roles…