HR Trend
“Focus on Tesla or give up CEO position”: Tesla investor to Musk
Ross Gerber, a Tesla investor, has voiced his concerns about Elon Musk’s neglect of his duties as Tesla’s CEO in favor of his role in the government. With Tesla’s share prices and sales declining, Gerber believes Musk should resign from his position as head of the Department of Government Efficiency (DOGE) to concentrate on Tesla’s needs. If Musk cannot commit to this, Gerber urges him to step down as CEO of Tesla. In a recent interview, Gerber expressed that Tesla could benefit from new leadership since Musk seems distracted and preoccupied with his responsibilities at DOGE. He emphasized that the electric vehicle company is currently undergoing a crisis, resulting in a market value drop of more than $800 billion since the end of 2024. This trend is concerning, especiall...
Siemens is preparing to trim its global workforce by about 6,000 employees
Siemens is set to reduce its global workforce by approximately 6,000 employees. Around 50 percent of these job cuts will occur in Germany, as the company aims to cut costs in response to slowing demand and challenging market conditions. The goal of these layoffs is to align production with the declining demand. In total, about 5,600 positions will be eliminated in the Digital Industries unit by the end of fiscal 2027, with 2,600 jobs specifically cut in Germany. This unit had previously been Siemens’ most profitable segment, driven by the popularity of its controllers and factory software. Additionally, the electric vehicle charging division will see around 450 jobs cut by 2025, including 250 positions in the domestic market. The automation sector, which employs 68,000 people, has been adv...
Citigroup to lay off 30% of its IT contractors
Citigroup has decided to reduce its reliance on third-party workers. The bank plans to hire more staff for its internal technology team and will lay off 30 percent of its information technology (IT) contractors. Reports indicate that Citigroup intends to work with only 20 percent of external contractors, down from the current 50 percent. Currently, the bank employs around 48,000 people in its IT division and aims to increase that number to 50,000, according to media reports. This change reflects the bank’s focus on expanding its internal technology team to enhance the safety and reliability of its systems and processes. Ultimately, Citigroup seeks to increase efficiency and revenue growth while strengthening its risk management and data governance. Recently, Citigroup has faced risin...
Volkswagen plans to cut 1,600 positions at its Cariad software subsidiary by the end of 2025
Redundancy programs at Volkswagen’s Cariad software unit will result in 1,600 job cuts by the end of this year. Cariad, established in 2020, is the automotive software division of the Volkswagen Group. Its purpose is to create and deliver synergistic digital technology for the company’s various car brands. According to the German business newspaper Handelsblatt, approximately 30 percent of Cariad’s workforce, which numbers 5,900 employees, will be affected by these layoffs. A transformation plan for Cariad was put in place about two years ago, aimed at increasing efficiency and enhancing performance at the software firm. Now, the focus has shifted to reducing headcount. Volkswagen (VW) has also been contemplating the closure of some plants in Germany as part of its effort...
Samsung Group to Hire Over 10,000 Employees This Year
Samsung Group is increasing its hiring efforts this year, planning to recruit over 10,000 employees despite widespread job cuts in the global tech industry. The company will begin the first phase of recruitment today, March 10, 2025. A total of 16 affiliates, including Samsung Electronics, Samsung Display, Samsung SDI, and Samsung Biologics, will participate in this recruitment drive. Candidates can submit their applications through Samsung’s official recruitment portal until March 17. The selection process includes an online aptitude test in April, followed by interviews in May and medical assessments. Samsung Electronics, the largest subsidiary, has been consistently increasing its workforce. Since 2018, the company’s domestic employee count has grown by more than 24 percent, reaching 12...
Cognizant announces bonus payouts up to 115%, its largest in three years
Cognizant, the IT giant, has begun its bonus payouts for 2024, with eligible employees receiving between 85% and 115% of their targeted bonuses, according to reports. These payouts represent the highest levels seen in three years, highlighting the company’s commitment to recognizing employee contributions. Sources indicate that Cognizant started issuing electronic letters (eLetters) this week to inform eligible employees of their bonuses. “The bonuses will be disbursed throughout March and April based on the payroll schedules of individual countries,” the company mentioned in internal communications. In addition to the bonus payouts, Cognizant also confirmed that salary hikes (merit pay increases) will take effect on August 1, 2025. The company recently addressed concerns about a possible ...
Lloyds to shift 4,000 employment to India this year and is already hiring
Britain’s Lloyds Banking Group plans to establish a team of 4,000 information technology engineers in Hyderabad, India, by the end of 2025. This means that nearly 50 percent of Lloyds’ engineers will be working outside of Britain by that time. This shift will result in significant job cuts in the UK, as the bank undertakes major restructuring. The bank is actively seeking talent with specialized skills in full-stack development, cloud computing, and quality engineering in India. The Hyderabad tech hub, which opened in 2023, is a key part of Lloyds’ expansion strategy in the country. Recently, Lloyds informed around 6,000 British employees that their roles and skills would be reassessed, indicating that job cuts are on the horizon. The exact number of jobs that will be eliminated or reassig...
’10 days a month work from office’, Infosys’ new mandate to employees
Starting on March 10, 2025, employees at Infosys will be required to work from the office for a minimum of ten days each month. The company is updating its attendance software to ensure compliance with this new policy. Last year, Infosys allowed employees to work from home for up to 11 days while still requiring 10 days in the office as part of its hybrid model. However, the introduction of technology will now enforce this requirement. If employees do not adhere to the new on-site work demand, the mobile app they use to log their attendance will deny their work-from-home requests. Previously, those requests were automatically accepted, as reported by ET. Department heads have been notified of this mandate, which will apply to approximately 323,000 employees at job level 5 (JL5) and below. ...
IIT Madras Hosts Industry-Academia Conclave on Evolving Talent Landscape
The Centre for Outreach and Digital Education (CODE), IIT Madras, invites HR leaders and industry experts to an insightful Industry-Academia Conclave, fostering collaboration between academia and business leaders. Panel Discussion: “The Talent Equation: Balancing Experience, Upskilling & Innovation” This exclusive event will feature thought-provoking discussions on navigating the dynamic talent ecosystem, addressing key challenges, and exploring strategies for workforce transformation. 📍 Venue: IIT Madras, Chennai📅 Date: March 25, 2025⏰ Time: 3:00 PM – 5:30 PM Join us for a power-packed session with industry stalwarts and academic experts as we shape the future of talent development. 📢 Register Now & Be Part of the Conversation! https://forms.gle/4dsTgYfQCji7uZfx5 #IITM...
Hewlett Packard Enterprise to lay off 2000 employees to cut costs
Hewlett-Packard (HP), the American multinational company that manufactures computers and printers, is reducing its global workforce by approximately 2,000 employees. By October this year, the company’s workforce, which currently stands at 58,000, will be significantly downsized in an effort to save $300 million. While specific departments affected by the layoffs have not yet been announced, the cuts are expected to be strategically planned and will impact employees across various segments of the company. These workforce reductions will reportedly be carried out in consultation with local labor associations and will comply with the regulations and laws of the respective countries. In addition to the job cuts, HP is also undergoing a rebalancing initiative and exploring other areas for...
Apple will invest $500 billion in the US over four years, creating 20,000 R&D jobs
Apple is planning to create 20,000 new jobs across the United States. This initiative will involve expanding teams focused on research and development (R&D), software development, custom silicon, hardware engineering, artificial intelligence, and machine learning. The company is set to invest $500 billion in supplier partnerships, direct job creation, technological infrastructure, office spaces, data centers, and production over the next four years. In the past five years, Apple has nearly doubled its spending on advanced R&D and aims to accelerate this growth further. Since 2020, Apple has reportedly contributed over $75 billion to the U.S. economy in taxes, with $19 billion paid just in the year 2024. To bolster the manufacturing sector, Apple will double its Advanced Manufacturi...
Ola Electric undergoes internal restructuring and cuts around 1000 jobs
It hasn’t been long since Ola Electric laid off around 500 employees in November 2024. Now, the electric vehicle manufacturer, led by Bhavish Aggarwal, is again reducing its workforce to cut losses. These job cuts will affect various departments, including the charging infrastructure division, fulfillment, procurement, and customer relations. In this second round of layoffs, more than one-fourth of the workforce, excluding contract workers, will be affected. The company has reportedly restructured its operations and embraced automation to control costs, improve customer experience, and increase profit margins. In this process, it has eliminated redundant roles to maintain productivity. In the December quarter, Ola incurred a 50 percent increase in losses, rising from Rs 376 crore dur...