HR Trends
JPMorgan Chase starts planned layoffs for 2025
In February, JPMorgan is set to see some employees leave the organization due to the planned layoffs that have already begun. While cuts will continue throughout the year, around 1,000 employees will be asked to exit this month, and most of them were notified last week. The bank is also looking into the redeployment of affected employees as part of its usual management practices. Despite these layoffs, the bank does not plan to halt its hiring process. According to Reuters, there are currently 14,000 job vacancies available. By the end of 2024, JPMorgan’s workforce had grown to over 317,000 employees, and the bank reported record annual profits for the previous year. However, in February 2023, JPMorgan Chase & Co caused a stir in the industry by announcing layoffs for hundreds of...
A Japanese Company Use Free Drinks and Hangover Leave to attract New Employees
A small tech company in Osaka, Japan, has distinguished itself by adopting unique strategies to attract talent. Trust Ring, located in Midoribashi, has implemented creative benefits such as offering free alcoholic beverages at work and designated leave for hangovers. Yes, you read that correctly. Trust Ring allows its employees to drink alcohol during work hours. The company’s CEO personally provides the beverages and joins the staff for drinks, creating a relaxed and informal work atmosphere. Concerned about employees getting excessively intoxicated? The company has addressed this with its ‘hangover leave’ policy, which allows staff members to arrive late without fear of punishment or penalties. Unable to compete with larger corporations in terms of salary, Trust Ring has turned to these ...
Porsche intends to cut an additional 1900 positions by 2029
Porsche, the renowned German manufacturer of luxury and sports cars, is planning to eliminate 1,900 jobs over the next couple of years. This decision is driven by several factors: intense competition in the automobile industry, rising manufacturing costs, and a slowdown in market demand. Additionally, the transition to electric vehicles has not progressed as positively as anticipated, compounded by challenging geopolitical and economic conditions worldwide. Porsche’s global workforce, which consists of 42,000 employees, will be reduced; however, media reports indicate that this will not involve compulsory redundancies. Job cuts began in 2024 when many temporary worker contracts were not renewed. In December 2024, there were reports that Porsche was preparing to reduce its workforce i...
Tech Mahindra to hire 3,000 staffs for the new GCC in Hyderabad.
Tech Mahindra is preparing to hire 3,000 professionals as it establishes a Global Capability Centre (GCC) for Goodyear Tire & Rubber Co. in Hyderabad. This hiring initiative is in line with the company’s expansion strategy and its commitment to scaling its workforce for specialized projects. The forthcoming GCC will focus on Goodyear’s research and development (R&D) as well as its IT operations, thereby strengthening its global technology capabilities. This initiative is part of Tech Mahindra’s broader transformation effort. Through its three-year performance improvement strategy, Project Fortius, the company aims to enhance operating margins, accelerate profit growth, and streamline client portfolios by eliminating unprofitable accounts. Tech Mahindra, which recorded $6.3 bi...
Trump’s new 1:4 rule may potentially eliminate entire departments by reducing the federal force
Federal agencies have been directed to hire only one employee to replace every four terminated employees. This is the latest order from U.S. President Donald Trump, who, in consultation with Elon Musk—head of the Department of Government Efficiency (DOGE)—is working to reduce the workforce of the U.S. government. Last month, the Trump administration offered full-time federal employees the option of receiving their salary until September if they chose to resign immediately. This “Deferred Resignation Program” allowed employees to earn a salary while their work was reduced and their roles gradually eliminated. The initiative was expected to save billions of dollars, with at least five percent of the federal workforce anticipated to accept the offer. The deadline for employees to ...
Salesforce Cuts 1000 Jobs While Adding AI Salespeople
Salesforce is currently engaged in both layoffs and hiring simultaneously. The company is cutting over 1,000 jobs while simultaneously expanding its artificial intelligence (AI) team by bringing on more employees. According to Bloomberg, these new hires are necessary to support the sales of Salesforce’s new AI offerings. The specific divisions affected by the job cuts have not yet been disclosed. However, it is confirmed that laid-off employees will have the opportunity to seek other suitable positions within Salesforce. This is not the first time Salesforce has reduced its workforce; in July 2024, the cloud-based software provider let go of approximately 300 employees. This reduction was part of an initiative to streamline operations, optimize its structure, and drive growth. This p...
Workday layoffs: 1,700 employees affected by cuts, or 8.5% of workforce
Workday, the finance and human resources software company, has announced it will reduce its workforce by 8.5%, resulting in approximately 1,750 employees losing their jobs. This decision is part of the company’s strategy to expand its global presence while prioritizing the increasing demand for artificial intelligence (AI). Workday aims to maximize its potential and leverage the strong foundation it already has in place.As of October last year, the company had a workforce of over 20,000 employees. Those affected by the layoffs will receive official communication soon.Carl Eschenbach, CEO of Workday, described the decision to downsize as a difficult yet necessary step. The company hopes that this move will lead to faster decision-making, increased innovation, and greater accountabilit...
Samsung Sriperumbudur plant faces strike over employee suspension
A section of employees at Samsung’s Sriperumbudur plant near Chennai has gone on strike again. The protest follows the suspension of three employees, a move workers claim is linked to their association with the recently registered Samsung India Workers Union. Employees allege that the management is discouraging union representation and believe the suspensions are an attempt to suppress worker rights. They argue that no other valid reason justifies the disciplinary action taken against their colleagues. Samsung, however, maintains that the suspensions were due to disciplinary violations. The company claims the employees were involved in coercing workers to protest against the management. According to Samsung, such actions violate workplace policies that emphasise professionalism and respect...
Ubisoft cuts 185 Jobs amid Restructuring
Ubisoft, the renowned French video game giant, is facing another challenging chapter as it undertakes significant global layoffs. The company has announced a reduction of 185 jobs, affecting employees in the UK, Germany, and Sweden. These changes include downsizing at its Newcastle-based Ubisoft Reflections, as well as the Düsseldorf and Stockholm offices. In addition, Ubisoft has confirmed the closure of its Leamington Spa studio in the UK. Formerly known as FreeStyleGames, this studio gained recognition for its work on the DJ Hero series while under Activision’s ownership. Ubisoft acquired the studio in 2017, but in recent years, it has transitioned into a support role. While a few staff members from Leamington Spa have been retained on remote contracts, the majority of employees h...
200 British firms have adopted a permanent 4-day workweek
The four-day workweek is gaining popularity among British employers. Currently, 200 companies in the UK have chosen to implement a permanent four-day workweek. These businesses believe this change will not only enhance productivity but also attract high-quality talent and improve employee well-being. With these 200 firms employing over 5,000 people across various industries—including marketing, technology, and non-profit organizations—the trend is likely to expand further. According to a report in The Guardian, the four-day workweek campaign has the strong backing of the 4 Day Week Foundation. They advocate for a three-day weekend without pay cuts, arguing that it leads to happier employees who live more fulfilling lives. This approach contributes to the overall well-being of the workforce...
Google announces a voluntary exit program for platforms and devices team.
Google has announced a voluntary exit program for employees in its Platforms & Devices division. This program is available to US-based employees working on Android (including Auto, TV, Wear OS, and XR), Chrome, ChromeOS, Google Photos, Google One, Pixel, Fitbit, and Nest. The initiative was communicated via a memo, which confirmed that the program does not extend to other divisions, such as Search or AI. This announcement comes a year after the company merged its Pixel hardware and Android software teams into a single unit. The merger of Pixel and Android created a large organization with overlapping responsibilities. Over the past few months, employees have gained clarity regarding their roles. Some expressed concerns about the lack of voluntary exit options in previous restructuring ...
Sportswear Giants Adidas and Puma are considering job cuts
Adidas is reportedly planning to reduce its workforce in Germany by up to 500 employees. In contrast, its competitor Puma is considering various cost-cutting measures. The exact number of employees affected by Adidas’s decision has not been officially disclosed. Sources cited by Reuters indicate that Bjoern Gulden, CEO of Adidas, intends to cut some jobs from its team of 5,800 at the headquarters in Herzogenaurach, Germany. Gulden has been pursuing decentralization for some time to foster greater accountability within individual markets, rather than having all responsibilities concentrated at the headquarters. In January 2024, Gulden acknowledged the challenges the company faced after a tumultuous year marked by controversies, including antisemitic remarks, declining sales, and internal di...