Author: Maya Singh

Tamilnad Mercantile Bank (TMB) is preparing to shift a significant portion of its workforce into revenue-generating roles as part of a broader technology-led transformation. The lender has indicated that the move will focus on retraining employees rather than reducing headcount, signalling a growth-oriented strategy without layoffs. Workforce Transition Plan Over the next two years, the bank expects 50–60 per cent of its employees to transition into sales-focused functions. The shift is being enabled by automation initiatives designed to reduce repetitive manual tasks and streamline internal processes. By freeing staff from operational workloads, the bank aims to increase customer-facing engagement and…

Sony Pictures Networks India has reduced its employee headcount by more than 100 as part of an ongoing restructuring exercise, reflecting mounting cost pressures within India’s broadcasting sector amid a subdued advertising market. Industry sources indicate that the workforce reduction spans multiple functions and teams and forms part of a broader plan to realign costs and streamline operations. While the current phase has impacted over 100 employees, the overall restructuring could eventually affect close to 10 per cent of the company’s total workforce. The job cuts are understood to be distributed across departments. However, the company’s digital streaming platform, SonyLIV,…

Spotify is preparing to cut approximately 17 per cent of its global workforce, a move expected to affect at least 1,500 employees. The decision represents one of the company’s largest rounds of job reductions and comes amid a broader wave of restructuring across the technology sector. In an internal communication to staff, Chief Executive Officer Daniel Ek described the restructuring as a necessary step to improve organisational efficiency and align the company more closely with its long-term strategic priorities. He stated that the changes are aimed at streamlining operations and adjusting the cost base to support sustainable growth. The workforce…

Infosys has announced an average performance bonus payout of 85 per cent for the quarter ending December (Q3 FY2025-26), marking one of its strongest bonus distributions in recent quarters. The company confirmed that the payout will be credited along with employees’ February salaries. According to company sources, eligible employees have received between 75 per cent and 100 per cent of their variable pay for the quarter. Several employees reported that the payout was approximately 15 per cent higher than what they received in the previous quarter, while some were awarded the full 100 per cent bonus. For many staff members,…

More than 1,000 employees at Google have signed an internal petition urging the company to reconsider its work with U.S. immigration enforcement agencies, including Immigration and Customs Enforcement (ICE) and Customs and Border Protection (CBP). The petition raises concerns about how the company’s cloud and artificial intelligence technologies may be used in surveillance, enforcement actions, and other activities tied to immigration operations. According to the document, employees argue that certain applications of Google’s technology could contribute to harmful outcomes, including surveillance practices and enforcement measures that may affect migrant communities. The petition references reported deaths connected to immigration enforcement encounters…

Apple appears to be preparing for another phase of retail expansion in India, with Hyderabad emerging as the likely location for its next physical store. Recent job postings on the company’s careers portal list Hyderabad-based openings for roles such as Store Leader, Senior Manager, and Genius—positions typically associated with the launch of a full-scale Apple retail outlet. If confirmed, the store would become Apple’s seventh in the country, underscoring the company’s accelerating investment in the Indian market. Apple formally entered India’s direct retail landscape in 2023 with the inauguration of flagship outlets in Mumbai and New Delhi. Those openings marked…

Barclays is reportedly reducing the size of its advertising team in London, with around 50 roles expected to be eliminated as part of a broader effort to manage costs. According to reports, the bank plans to replace these positions with copywriters based in India, where operational expenses are comparatively lower. The shift reflects a wider trend among global financial institutions seeking to optimise spending through geographic redistribution of support functions. By relocating copywriting responsibilities to India, Barclays is expected to significantly reduce staffing and operational costs while maintaining output for advertising and digital content. Reports suggest the savings linked to…

Telstra is set to eliminate 209 positions from its data and artificial intelligence joint venture valued at about $700 million, with part of the affected work expected to be transferred to India. The restructuring forms part of a broader strategy to accelerate AI adoption, reduce operational costs, and draw on global technology expertise. The joint venture—launched last year in partnership with Accenture—represents one of the most significant AI-focused investments by an Australian enterprise. Under the ownership structure, Accenture holds a 60 percent stake while Telstra retains the remaining 40 percent. The collaboration was designed to modernise Telstra’s data platforms, expand…

Dell Technologies has introduced a significant overhaul of its sales compensation structure, shifting toward a more performance-linked framework that raises both earning potential and financial risk for employees. The revised plan, outlined to staff during an internal town hall earlier this month, changes how commissions are calculated and how frequently sales achievements are evaluated. A central feature of the new structure is the introduction of a stricter eligibility threshold for commission payouts. Sales employees who achieve less than 60 percent of their assigned quota will no longer receive any commission. Under the previous model, incentives were distributed proportionally, allowing employees…

UBS is preparing for a significant workforce reorganisation as it continues integrating Credit Suisse following the government-backed rescue completed in 2023. The bank is expected to reduce around 3,000 roles in Switzerland later this year while creating a similar number of new positions in India, signalling a strategic shift in how the combined organisation distributes talent and technology functions globally. Much of the planned hiring will be centred in Hyderabad, where UBS is rapidly expanding its operational footprint. The bank intends to substantially increase headcount in the city over the coming months, with recruitment focused on technology development, engineering, and…