Industry: HR News, Trends & Workplace Insights

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Updated on: Feb 2023

Industry

IIT graduate laid off by Microsoft gets overwhelming support from Twitter

Feb 13, 2023

Google employees ridicule Sundar Pichai for rushing Bard unveil

Google Employees of the technology company said that CEO Sundar Pichai is ridiculed for Rushing Bard...

Industry

Feb 13, 2023

Latest news: Google employees ridicule Sundar Pichai for rushing Bard unveil - SightsIn Plus

Kris Gopalakrishnan Infosys co-founder Layoffs cant be avoided

According to business today, Infosys co-founder Kris Gopalakrishnan has said that layoffs aren...

Industry

Feb 11, 2023

Latest news: Kris Gopalakrishnan Infosys co-founder Layoffs cant be avoided - SightsIn Plus

CM Ashok Gehlot read Old Budget speech for mints in Assembly

In the recent Rajasthan Budget , Chief Minister Ashok Gehlot read the old budget speech for mi...

Industry

Feb 11, 2023

Latest news: CM Ashok Gehlot read Old Budget speech for mints in Assembly - SightsIn Plus

Industry

IT companies to layoff 2500 freshers who fail to screen tests

According to a mint report, IT services companies are to layoff 2500 freshers for failing screening tests. Recently, the top two IT-Major have sacked 1052 employees who failed to qualify for the internal tests. However, this is an indicator that there are concerning headwinds in the coming quarters. According to reports, the layoffs will be […]

Feb 11, 2023

Industry

Webandcrafts awards its employee with a Mercedes Benz

Even after many companies like Google and Amazon are laying off many employees, Webandcrafts awards its oldest employee with a luxury car. A global IT solutions company Webandcrafts has awarded the luxury Mercedes-Benz car to its invaluable employee. Founder and CEO Abin Jose Tom said, “Our employees are the backbone of our company and we are […]

Feb 11, 2023

Industry

Nokia extends manufacturing of fiber broadband equipment in India

Nokia today announced that it will extend manufacturing PON optical line terminals (OLTs) at its factory in Sriperimbudur near Chennai, India. The decision comes in response to increasing demand from local customers in India, as well as international markets. Shifts in consumer behavior, from home working to data-rich entertainment services, are driving demand for broadband. […]

Feb 9, 2023

Industry

Fiancé got sacked by Microsoft: Woman asks “Marry him or not”?

The major companies laid off employees including Infosys, Amazon, Google, Microsoft, Byju’s, Wipro, and Salesforce laid off a maximum number of workers globally. According to trueup.io, so far in 2023, Stay up-to-date on the latest layoffs across big tech, tech unicorns, and startups. So far in 2023, there have been 379 layoffs at tech companies with 113,082 people impacted (3,056 people per day). In 2022, […]

Feb 8, 2023

Industry

PLI scheme attracted Rs 45,000 cr investment, created 3 lakh jobs

Earlier, Hon’ble Finance Minister, Smt Nirmala Sitharaman had announced an outlay of INR 1.97 Lakh Crores for the Production Linked Incentive- PLI Scheme across 14 key sectors, to create national manufacturing champions and to create new jobs. The sectors included automobiles and auto components, white goods, pharma, textiles, food products, high-efficiency solar PV modules, advanced chemistry cells […]

Feb 8, 2023

Industry

RBI raises repo rate by 25 basis points to 6.5% from 6.25%

The health of the Indian Banking sector, the Reserve Bank of India (RBI) recently raised the repo rate by 25 basis points to 6.5% from 6.25%. The announcement was made by the Governor of Reserve Bank of India Shaktikanta Das. What is RBI raises Repo Rate (RR)? Repo Rate (RR) is the rate at which the Reserve […]

Feb 8, 2023

Industry

Leave encashment new rule: Non-govt employees to gain 20K/Year

Honorable Union Finance Minister Smt Nirmala Sitharaman has proposed to hike tax exemption on leave encashment on the retirement of non-government salaried employees to Rs. 25 lakhs from Rs. 3 lakhs. What is leave encashment? Leave encashment is the amount of money that an employee received in exchange for leaves not availed by an employee. As per […]

Feb 7, 2023

Industry

Adani Group prepays $1.1 bn loans, releases pledged shares in 3 companies

In light of recent market volatility and in continuation of the promoters’ commitment to reducing the overall promoter leverage backed by Adani Group Listed Company shares, the company has pleased to inform you that promoters have paid the amounts to prepay USD1,114 million ahead of its maturity of Sep 2024. The prepayment will release the […]

Feb 6, 2023

Industry

Kapil Sibal dig at Bhagwat’s remarks: What about the 2 crore jobs a year

Kapil Sibal has taken a dig over RSS Chief Mohan Bhagwat’s remarks. RSS chief Mohan Bhagwat has recently urged people not to run after jobs. However, on the other end, The Rashtriya Swayamsevak Sangh (RSS) Chief Bhagwat has said that the lack of dignity for labour was one of the main reasons behind unemployment in […]

Feb 6, 2023

Industry

Cognizant to focus on employee retention to trigger growth: MD

Cognizant, one of the world’s leading professional services companies announced its fourth-quarter and full-year 2022 financial results. According to ET Reports, Rajesh Nambiar, MD and Chairman of Cognizant India said that the firm will be more employee-centric, strengthen on winning larger deals, and have better operational metrics to “accelerate growth”. “The team, including the CEO, will meet […]

Feb 4, 2023

Industry

Uber former employee booked for Rs 1 cr embezzlement

According to the reports of PTI, In a recent incident, American mobility service provider company, Uber‘s former employee has been booked for Rs 1 crore embezzlement. A complaint filed by the company for embezzlement The former employee has been found guilty of creating 388 fake driver profiles, 191 profiles were created using the same IP […]

Feb 3, 2023

Industry

Google employees protest against poor work conditions, job cuts

According to media reports, Google employees have been protesting against poor work conditions and job cuts. The employees have been protesting in the US this week. Google employees are protesting due to labour conditions for sub-contracted workers and to support thousands of their recently laid-off co-workers. As per the employee’s claim, the pay and benefits […]

Feb 3, 2023