It seems like Germany’s economy will take some time to recover this year. In May 2024, unemployment in Germany increased more than expected, as reported by the Federal Labour Office. The number of unemployed people rose by 25,000 last...

In response to impending regulatory shifts, Citigroup and HSBC Holdings are pivoting away from hybrid work arrangements. Potentially signalling a broader trend, the banks have mandated office presence for their US employees.Citigroup’s move affects 600 employees who were previously...

Employees of Manchester United, a professional football club, are being offered an early bonus in exchange for their departure. The Club had made it mandatory for employees to return to the workplace. Employees were then instructed that if they...

Henrik Fisker, CEO and founder of Fisker, received strong criticism from employees during a recent all-hands meeting, where the business announced another round of layoffs. The cuts were not unexpected given Henry Fisker's announcement in February 2024 of plans...

Foxconn Technology Group, a global contract electronics manufacturer and major supplier to Apple, has announced plans to reduce its massive workforce due to decreasing revenue growth and increasing labor costs in China.The company did not provide specific details on...

TikTok is laying off employees globally, with up to 1,000 people affected, mainly in the operations, content, and marketing teams. The exact number of layoffs is not officially confirmed, but reports indicate that the global user operations team, responsible...

Paytm has hinted at potential job cuts and plans to divest non-core assets following its first-ever decline in sales. In a letter to shareholders on Wednesday, 22 May 2024, Vijay Shekhar Sharma, CEO of Paytm, announced that the company...

The UAE is a popular destination for skilled Indian workers, and for good reason. According to a report by Huntr, there has been a 25% increase in demand for skilled Indian migrant workers in the UAE. In 2022, Indian...

The Tata Motors Workers Union has announced the revival of the Multi Skill Beneficiary Plan to enhance employees’ technical skills and efficiency. This initiative, initially introduced during the Covid-19 pandemic, aims to bolster the technical development and proficiency of...

Sam Altman, the CEO of OpenAI, recently addressed criticism about the company's safety culture and its treatment of departing employees' equity. In a post on X (formerly Twitter) on 19 May, Altman clarified that OpenAI has never taken back...

The tech giant Cognizant has caused controversy with its strict stance on employees returning to the office. According to LiveMint, the company issued a warning that employees could be terminated if they continued to defy the directive to return...

HDFC Bank has made a significant change to its human resources policy. Effective immediately, the bank has reduced the notice period for departing employees from 90 days to just 30 days.According to a senior official at HDFC Bank, this...

Honda Motor is reducing its permanent production workforce in China due to a decline in car sales in the country. This reflects the challenges faced by Japanese car brands in China, where local manufacturers like BYD are gaining dominance...

Tesla recently announced its plan to lay off an additional 601 employees in California. The move is a response to declining sales and increasing competition in the electric vehicle sector.Elon Musk, CEO of Tesla, first announced the intention to...

Bayer AG, a pharmaceutical giant, plans to reduce its workforce by approximately 1500 positions. The decision follows the company's financial performance announcement for the first quarter of 2024. According to media reports, the job cuts will mainly impact individuals...

In an effort to make the company more profitable, the Japanese television manufacturing firm Toshiba has decided to lay off 4000 employees. This restructuring will affect about six percent of its workforce in Japan.In addition to the job cuts,...

Simpl, the buy-now-pay-later startup, has recently announced a significant round of layoffs. More than 100 employees across various departments have been affected by the layoffs. The announcement was made by the CEO and co-founder of Simpl, Nitya Sharma, during...

The tech industry has been hit hard by a wave of layoffs with over 80,000 employees losing their jobs in the first four months of 2024. According to layoff.fyi, a platform that monitors job cuts in the tech sector,...

State Bank of India (SBI) is in the process of hiring almost 12,000 employees for various roles, including positions in information technology. The bank recently announced its fourth-quarter earnings at a press conference. While there are at least 11,000...

Google is restructuring its organization to enhance efficiency, reduce layers, and eliminate bureaucracy. As part of this exercise, it has laid off some employees from its Python, Flutter, and Dart teams.Python is a flexible object-oriented language used by developers...