Tata Consultancy Services (TCS), the Indian software services multinational, is encouraging its employees to use artificial intelligence (AI) tools to complete tasks more quickly and at lower cost, even if this reduces the company’s revenue in the short term. The company’s leadership believes AI will ultimately expand opportunities rather than shrink them, and wants staff […]

The post TCS pushing AI use despite revenue risks? appeared first on HR Katha.

Benefits

Ferrari Awards Record Bonuses to Italian Workforce After Strong 2025 Results

March 5, 2026

Ferrari is giving record annual bonuses to its Italian workforce after reporting strong financial results in 2025. Despite delivering slightly fewer cars than the previous year, the company’s revenues rose 7 percent to €7.1 billion, while operating profit climbed 12 percent to €2.1 billion. Around 5,000 employees in Italy are eligible for bonuses of up […]

The post Ferrari rewards staff with record bonuses after strong 2025 appeared first on HR Katha.

Benefits

India Salary Increments Projected at 9.1% in 2026: GCCs and Financial Services May Lead Growth

March 4, 2026

India Inc. is projected to offer an average salary increment of 9.1% in 2026, with GCCs and financial services leading growth. Attrition stabilises at 16.4%.

Attrition

Livspace Lays Off Around 1,000 Employees Amid AI-Led Reorganisation, Co-Founder to Exit

March 3, 2026

Livspace has let go of about 1,000 employees, that is, about 12 per cent of its staff, as part of a planned internal reorganisation. As per the company, this move is to become more focused on artificial intelligence (AI). However, the layoffs also come after four years without new funding and no clear path to […]

The post Livspace lays off 1,000 employees;shifts to AI; sees co-founder exit appeared first on HR Katha.

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