Industry: HR News, Trends & Workplace Insights

Explore the latest Industry news, trends, AI innovations, HR analytics, and digital workplace insights. Stay updated with expert opinions and industry developments.

Updated on: Feb 2023
Zerodha CEO reveals why never hired IIT, IIM Graduates
Industry

Zerodha CEO reveals why never hired IIT, IIM Graduates

India’s biggest stock broker company, Zerodha CEO Nithin Kamath revealed that the company has never hired IIT, and IIM Graduates. However, the companies look for talent from IIT and IIM. On the other end, Zerodha does not prefer hiring from both institutions. As the company believes that such institutes don’t produce graduates that are more […]

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Microsoft Outlook, Teams, and others faced outrage in India
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Microsoft Outlook, Teams, and others faced outrage in India

Yesterday, January 25, 2023, several Microsoft services including MS Teams, Outlook, Microsoft 365, and Azure were down for thousands of users in India and users were unable to access Microsoft’s multiple services. According to the outage tracking website Downdetector.com, about 63% of users reported that they were facing issues with the Teams app, 26% reported issues […]

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Ex-Microsoft HR lists 3 types of employees at most risk of layoffs
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Ex-Microsoft HR lists 3 types of employees at most risk of layoffs

Recently, Chris Williams, Ex-Microsoft Vice President- Human Resources has come forward to share three categories of employees that are unsafe during layoffs and two categories of employees who are at least at risk during layoffs. Below are the categories of employees who are at least risk:- Profit-making employees: “If you’re an essential part of building the most […]

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Amazon Air takes off in India, creating jobs in the local economy
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Amazon Air takes off in India, creating jobs in the local economy

Amazon India has launched Amazon Air, making it the first e-commerce company in the country to have a dedicated air cargo network. It will utilize the cargo capacity of two Boeing 737-800 aircraft operated by Quikjet Cargo Airlines. Each Amazon Air aircraft will ship thousands of packages every day and fly across Hyderabad, Bengaluru, Delhi, […]

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EY projects India to become a US$26 trillion economy by 2047
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EY projects India to become a US$26 trillion economy by 2047

EY, the leading professional services organization, announced its growth projection for India which estimates the Indian economy will reach a GDP size of US$26 trillion (in market exchange terms) by 2047, the 100th year of the country’s independence. The per capita income is expected to increase to US$15,000, putting the country among the ranks of developed […]

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NITES seeks Labour Ministry’s intervention in Wipro freshers’ layoff
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NITES seeks Labour Ministry’s intervention in Wipro freshers’ layoff

Recently, an Indian multinational corporation, Wipro sacked 452 fresher employees due to poor performance. The union of IT employees Nascent Information Technology Employees Senate (NITES) said that it ‘strongly condemns the unethical layoffs done by Wipro.’ NITES President Harpreet Singh Saluja said, “For a year these employees were struggling to join the company despite clearing […]

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Ashneer Grover: Why fire people? Founders should take pay cuts
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Ashneer Grover: Why fire people? Founders should take pay cuts

Companies have been laying off employees in 2023 as well. Ashneer Grover Shark Tank India season 1 judge shared his point on layoffs that founders should take pay cuts instead of firing employees. He said in a LinkedIn post, “It’s sad to hear about firings every day. I am thankful that I’ve never had to fire […]

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Is twitter left with 1300 employees? What does Elon Musk say?
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Is twitter left with 1300 employees? What does Elon Musk say?

A media report claimed that in the American social media company, Twitter, about 80 percent of its employees shrunk since Elon Musk took over. The report also claimed that now the headcount is nearly 1,300 working employees. However, Elon Musk issued a clarification tweet correcting the number reported in the article along with additional details. […]

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Man posing as DMRC HR arrested for cheating people on pretext of fake job
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Man posing as DMRC HR arrested for cheating people on pretext of fake job

An accused, Pawan Bhardwaj (34 years) has been arrested as he posed as Delhi Metro Rail Corporation (DMRC) HR and cheated people on the pretext of a fake job. The accused, Pawan Bhardwaj, resident of Goyala Dairy, informed the police during the questioning that he used to issue online advertisements. Additionally, he used to extract random […]

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Companies Layoff over 50,000 employees in 21 days this year 2023
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Companies Layoff over 50,000 employees in 21 days this year 2023

According to media reports on layoff, In the first half of the year 2022 that is from January to June, various companies laid off nearly 44,257 employees in the tech sector. However, in 2023 January, 154 tech companies reportedly laid off nearly 55,225 in just 21 days. Earlier in November Amazon announced that will be […]

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HUL Independent Director fined 9 Lakhs under insider trading regulations
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HUL Independent Director fined 9 Lakhs under insider trading regulations

HUL Independent Director Ashish Gupta has been fined 9 Lakhs for an ‘inadvertent trade.’ The company said the Portfolio Management Services of Ashish Gupta’s wife Nita Goyal, had traded in its shares on her behalf without her prior approval/intimation. A monetary penalty has been imposed due to the breach of the Code and PIT Regulations, SDC […]

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