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TCS to rely on campus hiring to boost its workforce by 40,000
Tata Consultancy Services (TCS) has revealed its intention to hire 40,000 freshers in 2025. The multinational will source its talent from campuses across the country. It is pertinent to mention here that TCS witnessed a drop in headcount in the last quarter by 5,000. In a recent interview, Milind Lakkad, chief human resources officer (CHRO), TCS, revealed that as part of the company’s goal to become an AI-first organisation, it will focus on ensuring that the members of its workforce, across all levels, possess skills pertaining to artificial intelligence (AI). He stated clearly that coding skills alone are not sufficient today. As per an india.com report, entry-level employees are expected to know the basics of large language models (LLM) and their applications. At the next level of the h...
Pocket FM to lay off 75 employees to push for profitability
Pocket FM, an audio series platform, is reducing its workforce as part of its restructuring efforts. The company is laying off 75 employees, primarily from the technology division. In an earlier round of layoffs in October 2023, it let go of 50 employees, and before that, 200 contract writers were terminated. According to Moneycontrol, these layoffs are intended to ensure the company’s growth, success, and sustainable operations in the long run. Some media reports suggest that the job cuts may not stop at 75, indicating that the process could continue. In April 2024, Pocket FM completed its first Employee Stock Ownership Plan (ESOP) buyback, totaling $8.3 million. This buyback saw active participation from both current and former employees. At that time, the company emphasized its c...
Lufthansa Group to increase workforce by 10,000 this year
The Lufthansa Group plans to increase its current workforce of over one lakh employees by at least 10,000 this year. More than half of the positions will probably be filled in Germany, which is its home market. These positions are dispersed throughout the administration, technical, and operations divisions. Additionally, the Group plans to actively hire flight attendants and ground crew. According to reports, at least 2,000 people will be hired for Lufthansa Technik, a company that provides maintenance, repair, overhaul, and modification services for aircraft. Austrian Airlines and Eurowings, both of which are subsidiaries of Lufthansa, are expected to hire roughly 700 people each. Lufthansa Airlines will employ about 1,200. The Lufthansa Group currently employs over a million people world...
Microsoft admits job layoffs across major divisions based on performance
According to reports, Microsoft is prepared to focus on performance and is preparing to reduce employment. According to Business Insider, it is evident that the organisation has made the decision to take poor performance seriously. In 2023 and 2024, the corporation laid off roughly 10,000 and 4,000 employees, respectively. The gaming division suffered the most in the earlier rounds due to its poor performance. The amount of positions that would be eliminated has not been formally announced this time. As part of a reorganisation effort following its $68.7 billion acquisition of Activision Blizzard, Microsoft lay off over 650 Xbox team members in September. Employees were informed in an official memo at the time that marketing, human resources, and other corporate and supporting departments ...
Apple sacks a large number of Indian employees for salary fraud by misusing the charity scheme
Apple sacks a large number of Indian employees for salary fraud by misusing the charity scheme
Amazon’s office return spurs Seattle’s economic rebirth and traffic challenges
Amazon's office return spurs Seattle's economic rebirth and traffic challenges.
Tamil Nadu announces Pongal bonus for employees and pensioners
Tamil Nadu announces Pongal bonus for employees and pensioners
Adani Group’s Orient Cement buyout raises job security concerns
Adani Group's Orient Cement buyout raises job security concerns
Tata Motors has introduced electric buses for workforce transportation
Tata Motors has introduced electric buses for workforce transportation
Tata Group plans to create 5 lakh manufacturing employment by 2029
Tata Group plans to create 5 lakh manufacturing employment by 2029
Stellantis reverses layoff decision at Ohio plant after CEO departure
Stellantis reverses layoff decision at Ohio plant after CEO departure
Goldman Sachs is in talks to acquire PeopleStrong, an HR services provider backed by multiple private equity firms
Goldman Sachs is in talks to acquire PeopleStrong, an HR services provider backed by multiple private equity firms