Author: Maya Singh

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…

LinkedIn will revise its annual bonus structure from fiscal year 2027, making individual employee performance the sole factor determining payouts under its corporate bonus programme. The Microsoft-owned professional networking company currently calculates annual bonuses using two equally weighted components: company performance and individual performance, each accounting for 50 per cent of the payout calculation. Under the revised policy, the company-wide performance component will be removed, placing greater emphasis on individual contributions. According to a report by Business Insider, an internal memo said the change is intended to strengthen the connection between employee performance and financial rewards. A LinkedIn spokesperson also…

Tata Consultancy Services (TCS) plans to recruit an additional 15,000 employees in the United States over the next five years, reaffirming its local hiring strategy despite the suspension of its access to the Permanent Labour Certification (PERM) programme. The company said the restriction was unlikely to affect its workforce expansion plans or client engagements, noting that its PERM applications had remained in single digits over the past two years. The US Department of Labour has suspended eight technology companies, including TCS, Infosys, Wipro, Cognizant, HCL, Capgemini, Microsoft and Adobe, from filing new applications or processing pending applications under the programme.…

BMW AG plans to reduce around 20% of its senior management positions by mid-2027 as the German automaker reorganises its corporate structure and expands the use of artificial intelligence across the business. According to Bloomberg, BMW is preparing to consolidate business divisions and reduce management layers through an agreed buyout programme. The restructuring is intended to simplify decision-making, improve operational efficiency and support profitability. A significant proportion of the affected positions are expected to be based in Munich, BMW’s headquarters. Around 100 Senior Roles Could Be Affected BMW currently has approximately 65 senior vice presidents reporting directly to the board,…

Starbucks is planning to close around 250 underperforming stores across North America and reduce corporate positions as CEO Brian Niccol continues a broader restructuring programme aimed at simplifying operations and improving profitability. According to a report by The Wall Street Journal, Starbucks expects to record approximately $300 million in charges associated with the latest store closures. The closures are part of a wider effort to streamline the coffee chain’s store network and reduce operating costs. Latest Closures Follow Earlier Store Reductions The latest programme follows a larger round of closures last year, when Starbucks shut more than 600 locations across…

Uncertainty over Flipkart’s potential initial public offering (IPO) is becoming a topic of discussion among some current and former employees, particularly those holding employee stock options (ESOPs) and looking for greater clarity on when they may be able to realise their equity value. The Walmart-owned e-commerce company has long been expected to consider a public listing, but it has not announced a specific IPO timeline. The absence of a confirmed timetable has raised questions among some employees who have held ESOPs for several years. Equity Liquidity Becomes Part of Employee Discussions For employees who joined Flipkart several years ago, stock…

Infosys is planning to transition between 25% and 33% of its workforce into specialist roles as the IT services major adapts its talent strategy to growing demand for artificial intelligence, advanced technologies and digital transformation, according to a report by The Economic Times. The proposed shift would significantly change the skills mix across the company. If implemented at the upper end of the range, roughly one in three Infosys employees could eventually work in specialised technology roles. Infosys to Build Frontier Engineering Talent Alongside reskilling its existing workforce, Infosys is also expected to build a team of around 6,000 frontier…

Apple has carried out another round of workforce reductions, with a small number of employees in its Fitness+ division affected as the company continues to reorganise parts of its business. The latest cuts reportedly involve employees working on audio-based Fitness+ features, including Time to Walk and Time to Run. The services are expected to continue, although the pace of new audio content could be reduced. The move comes less than two months after Apple eliminated more than 200 positions across several teams, including groups working on Siri, Vision Pro and Intelligent Systems Experience. Fitness+ content strategy under review Apple launched…