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Infosys, one of Indias leading IT services companies, has announced a reduction in performanc...
Tech Mahindra, one of Indias leading IT services companies, has announced plans to set up a G...
Indias largest IT services company, Tata Consultancy Services TCS, is set to roll out annua...
Ride-hailing platform Rapido has announced the launch of its new Pink Rapido bike fleet in Karnataka, exclusively driven by women for women. This initiative aims to create 25,000 job opportunities for women by the end of the year. The announcement was made by Rapido’s co-founder, Pavan Guntupalli, at the Global Investors Summit in Bengaluru. Earlier […]
Meta, the parent company of Facebook, has recently faced backlash from former employees over its latest round of layoffs and the company’s leadership culture. The layoffs, which affected approximately 3,600 employees across Europe, Asia, and the US, have been criticized for targeting employees who had recently returned from leaves of absence. Meta claimed that the […]
Ecommerce companies in India are stepping up their commitment to the health and well-being of their delivery partners to drive not just better performance but an improved quality of life. This move comes in response to the government’s recent announcement to extend healthcare benefits to gig workers under the PM Jan Arogya Yojana scheme. During […]
The tech industry is facing a wave of layoffs as major companies like Meta, Amazon, Google, and Microsoft announce significant job cuts. This trend, driven by restructuring and performance optimization, has already affected thousands of employees. It is expected to continue throughout the year. Tech Giants’ Layoff Plans: Meta, Google, Microsoft, Amazon Meta, the parent […]
Accenture is ending its global diversity and inclusion (D&I) goals, along with career development programs aimed at specific demographic groups. This decision was shared in an internal memo from CEO Julie Sweet, who cited a review of company policies influenced by changes in the U.S. political landscape. The goals, first set in 2017, will be […]
US based IT giant, Cognizant Technology Solutions reported a decrease in its workforce during the December ending quarter, Q4FY24. However, IT giant expects to resume hiring in every quarter of 2025, reflecting a positive outlook due to improving demand. The company, which follows a January-to-December fiscal year, announced its fourth-quarter earnings on Thursday, followed by […]
Amazon has recently announced that it is struggling to keep up with the surging demand for artificial intelligence (AI) services, echoing similar concerns raised by its rival, Microsoft Corp. Despite ambitious plans to invest heavily in AI infrastructure, Amazon faces significant capacity constraints that are impacting its growth. CEO Andy remains optimistic about the long-term […]
Walmart Inc., the largest private employer in the United States, has announced plans to cut hundreds of jobs and relocate employees to its main offices in Arkansas and California. The decision to cut jobs and relocate employees comes as Walmart aims to put key capabilities together, encouraging speed and shared understanding. Chief People Officer Donna […]
Honeywell International, one of the last remaining U.S. industrial conglomerates, has announced plans to split into three independent companies. This decision follows pressure from activist investor Elliott Management, which recently took a $5 billion stake in the company. Honeywell International Business Segments Separation The announcement comes after Honeywell’s shares underperformed the market, prompting Elliott Management […]
Infosys, one of India’s leading IT services companies, is set to release annual salary hike offers to its employees by the end of March 2025. This announcement comes as a relief to employees who have been eagerly awaiting updates on their compensation revisions. Employees have welcomed the news of the salary hikes, which come after […]
In a significant rebranding move, Zomato, the Indian food delivery giant, has announced that its board of directors has approved a proposal to change the company’s name from Zomato Limited to Eternal Limited. This decision comes as part of the company’s broader strategy to distinguish itself from its brand and app. Zomato Rebranding: Background and […]
The Depository Trust & Clearing Corporation (DTCC), a global leader in post-trade market infrastructure, has officially opened its new office in Hyderabad, marking a significant expansion of its operations in India. As part of its long-term strategy, DTCC aims to employ up to 2,000 professionals in the city, which will become a crucial hub for […]
