HR news
Infosys Delays Trainee Assessments Following Massive Layoffs
Infosys, an Indian IT services company, has postponed a crucial internal assessment originally scheduled for February 18 at its Mysore campus. The delay comes in response to significant backlash following the termination of hundreds of trainees, which has sparked criticism from employee unions and prompted government intervention. The assessment was set to involve around 800 employees, with results expected by February 19, 2025, and potential terminations by February 21. After pressure from the Nascent Information Technology Employees Senate (NITES) and other unions, Infosys has rescheduled the assessment for February 24, 2025. A formal announcement was communicated to trainees via email, which has since circulated online. This postponement provides temporary relief to the affected trainee...
TCS to give out 4-8% compensation rises in March; connects increments to the return-to-work policy
Tata Consultancy Services (TCS) is expected to begin disbursing annual salary increments for the financial year 2025 in April, which is just two months away. The Indian multinational company plans to implement these increments in March, with increases anticipated to be in the range of four to eight percent. As per usual practice, divisions that have demonstrated exceptional performance are likely to receive higher increments. However, this year, the overall increments are lower compared to previous years. While the average increment generally ranged from seven to eight percent, this year employees have been informed that the increment will fall between four and eight percent. This is notably lower than the average increment of 10.5 percent in FY22. In April 2024, TCS introduced a new polic...
JPMorgan Chase employee fired for questioning CEO Jamie Dimon regarding return-to-office
When Nicolas Welch, an analyst at JPMorgan Chase, asked CEO Jamie Dimon about the bank’s return-to-office policy, he was shocked to find himself terminated for the inquiry. During a recent town hall meeting, Welch questioned Dimon about why his team of seven members, who work from different parts of the world and in various time zones, needed to be present in the office. He explained that his team did not require office attendance to be productive. Additionally, Welch suggested that decisions regarding in-office requirements should be left to the individual team managers. It’s important to note that Welch is currently going through a divorce and is struggling with childcare and other responsibilities. While the employees welcomed his suggestion, Dimon made his disapproval clear. He f...
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...
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 ...
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 ...