Amazon Cuts Around 100 Corporate Roles in Robotics Division
Seattle: Amazon has reduced headcount within its robotics division, affecting around 100 corporate roles connected to teams responsible for developing automation technologies used across the company’s global warehouse network. The layoffs primarily impacted white-collar employees working on systems that design, build and manage robotics used in Amazon’s fulfilment centres. In an internal...
Morgan Stanley Cuts Around 2500 Jobs Amid Global Workforce Restructuring
Morgan Stanley has reduced its global workforce by roughly 3 percent, affecting about 2,500 employees across multiple divisions. The move comes despite the investment bank reporting its strongest annual revenue performance in 2025. The job cuts span several major business segments, including investment banking and trading, wealth management, and investment management....
Burger King Tests AI Tool to Support Drive-Through Staff
Burger King is testing a new artificial intelligence tool designed to assist employees working at drive-through counters. The system, called BK Assistant, includes a voice agent named “Patty” that listens during customer orders and provides real-time support to staff. When a vehicle pulls up to the drive-through, the AI connects to...
AHRD Network to Host FAQ Session on the New Labour Codes in Chennai
The AHRD Network is organizing an insightful and interactive FAQ Session on “The New Labour Codes” aimed at helping HR professionals and industry leaders understand the practical aspects of the upcoming labour law reforms. The session will focus on addressing the most frequently asked questions related to the New Labour Codes,...
EPFO Keeps Provident Fund Interest Rate at 8.25% for FY 2025–26
New Delhi: The Employees’ Provident Fund Organisation (EPFO) has decided to keep the interest rate on provident fund deposits unchanged at 8.25% for the financial year 2025–26, marking the second consecutive year the rate has remained the same. The decision was taken during the 239th meeting of the Central Board of...
eBay Reportedly Lays Off Around 800 Employees in Latest Workforce Reduction
eBay is reportedly undertaking another round of layoffs, with estimates suggesting that close to 800 employees are being let go. The company has not issued a formal public statement at the time of reporting. Several employees have shared posts on professional networking platforms indicating that roles across Oregon, Utah, Texas, and...
Tata Consultancy Services Encourages AI Adoption Despite Potential Short-Term Revenue Impact
Tata Consultancy Services (TCS) is encouraging employees to use artificial intelligence (AI) tools to complete tasks more efficiently and at lower cost, even if such measures may affect revenue in the short term. Company leadership has indicated that AI adoption is expected to expand long-term opportunities rather than reduce them. The...
Ferrari Awards Record Bonuses to Italian Workforce After Strong 2025 Results
Ferrari has announced record annual bonuses for its Italian workforce following strong financial performance in 2025. The company reported a 7 per cent increase in revenue to €7.1 billion, while operating profit rose 12 per cent to €2.1 billion. Although Ferrari delivered slightly fewer vehicles compared to the previous year, profitability...
India Salary Increments Projected at 9.1% in 2026: GCCs and Financial Services May Lead Growth
Salaries in India are expected to rise by an average of 9.1 per cent in 2026, according to a compensation outlook study based on data from 178 companies across 16 sectors. The findings suggest continued wage resilience despite global economic uncertainties, with select sectors outperforming the broader market. Global Capability Centres...
Livspace Lays Off Around 1,000 Employees Amid AI-Led Reorganisation, Co-Founder to Exit
Livspace has laid off approximately 1,000 employees, representing about 12 per cent of its workforce, as part of what the company describes as a planned internal reorganisation. In a statement, the company said the restructuring is aimed at increasing its focus on artificial intelligence (AI) and automation. However, the workforce reduction...
Indian Institute of Management Lucknow Completes Placement 2026, Highest Domestic Offer Touches Rs 1 Crore
Indian Institute of Management Lucknow (IIM Lucknow) has concluded its Placement 2026 process, with 559 students receiving more than 580 job offers, according to institute data. The highest domestic package stood at Rs 1 crore per annum, while the highest international offer reached Rs 65 lakh. The average salary across all...
Dabur India Begins Construction of Manufacturing Facility in Tamil Nadu with Rs 400 Crore Investment
Dabur India has commenced construction of its first manufacturing facility in South India, located in Tindivanam, Tamil Nadu. The company has announced an investment of approximately Rs 400 crore for the project. According to company statements, the upcoming plant is planned as a renewable energy-powered facility and is intended to follow...
Meta Platforms Cuts Employee Stock Awards by 5% Amid AI Investment Push
Meta Platforms has reduced the value of its annual stock awards for most employees by approximately five per cent, according to a report by the Financial Times. This marks the second consecutive year the company has lowered equity-based compensation. In the previous year, stock awards were reduced by around 10...
Gujarat Shops and Establishments Act Amended to Extend Work Hours, Permit Night Shifts for Women
The Gujarat Legislative Assembly has approved amendments to the Gujarat Shops and Establishments Act, introducing longer permissible work hours and allowing women to work night shifts under specified safety conditions. Extended Working Hours Under the amended provisions, the maximum daily working limit has been increased from nine hours to ten hours, inclusive...
EPFO to launch new mobile app with UPI withdrawals
The Employees’ Provident Fund Organisation (EPFO) is set to introduce a new mobile application starting April 2026, aimed at simplifying and accelerating provident fund (PF) transactions for subscribers. The upcoming app will enable members to withdraw PF funds directly through the Unified Payments Interface (UPI), allowing near-instant transfers to linked...
Tamilnad Mercantile Bank to Reposition Majority of Workforce Toward Sales Roles
Tamilnad Mercantile Bank (TMB) is preparing to shift a significant portion of its workforce into revenue-generating roles as part of a broader technology-led transformation. The lender has indicated that the move will focus on retraining employees rather than reducing headcount, signalling a growth-oriented strategy without layoffs. Workforce Transition Plan Over the next...
Ministry of Human Resources and Emiratisation Clarifies Annual Leave Rules, Sets Cap on Carry-Forward of Unused Days
The Ministry of Human Resources and Emiratisation (MoHRE) has issued updated guidance on annual leave policies, providing clarity on how unused vacation days may be carried forward. The announcement comes as employees across the UAE review leave balances and plan time off in coordination with their employers. Annual Leave Entitlement Under the...
Carrier Air Conditioning & Refrigeration to Invest ₹1,000 Crore in Andhra Pradesh, Plans 3,000 Jobs
Carrier Air Conditioning & Refrigeration is set to establish a ₹1,000-crore manufacturing facility in Sri City, Andhra Pradesh, in a move expected to generate significant employment and strengthen India’s HVAC manufacturing ecosystem. The proposed plant will be developed on 39 acres in Sri City, located in Tirupati district. The facility is...
Sony Pictures Networks India Reduces Workforce by Over 100 Employees Amid Restructuring
Sony Pictures Networks India has reduced its employee headcount by more than 100 as part of an ongoing restructuring exercise, reflecting mounting cost pressures within India’s broadcasting sector amid a subdued advertising market. Industry sources indicate that the workforce reduction spans multiple functions and teams and forms part of a broader...
Draft Income-Tax Rules 2026 Propose Higher Tax-Free Meal Benefits, Revised Valuation for Company Car Perks
The Indian government’s draft Income-Tax Rules, 2026 propose changes that could impact salaried employees by increasing tax-free allowances on meal benefits while raising the taxable value of certain company-provided perks. Higher Tax-Free Limit on Meal Vouchers Under the draft proposal, the tax-exempt limit for meal vouchers and subsidised office meals may increase...
India’s Unemployment Rate Climbs to 5% in January 2026, Driven by Rural Slowdown: PLFS Data
India’s unemployment rate for individuals aged 15 years and above increased to 5 per cent in January 2026, up from 4.8 per cent in December 2025, according to the latest Periodic Labour Force Survey (PLFS) released by the National Statistics Office (NSO). The rise in unemployment was observed in both...
Spotify to Reduce Global Workforce by 17% Amid Organisational Restructuring
Spotify is preparing to cut approximately 17 per cent of its global workforce, a move expected to affect at least 1,500 employees. The decision represents one of the company’s largest rounds of job reductions and comes amid a broader wave of restructuring across the technology sector. In an internal communication to...
Infosys Announces Average 85% Performance Bonus for Q3 FY2025-26, Revises Work Model
Infosys has announced an average performance bonus payout of 85 per cent for the quarter ending December (Q3 FY2025-26), marking one of its strongest bonus distributions in recent quarters. The company confirmed that the payout will be credited along with employees’ February salaries. According to company sources, eligible employees have received...
Saudi Arabia Arrests 21,000 in One Week in Crackdown on Residency and Labour Violations
Saudi authorities have intensified enforcement of residency and labour regulations, arresting more than 21,000 people in a single week as part of a nationwide inspection drive. The campaign, carried out across multiple regions, targeted construction sites, residential areas and transportation hubs to identify violations related to work permits and sponsorship...
Google Employees Petition Leadership Over Government Contracts and AI Use
More than 1,000 employees at Google have signed an internal petition urging the company to reconsider its work with U.S. immigration enforcement agencies, including Immigration and Customs Enforcement (ICE) and Customs and Border Protection (CBP). The petition raises concerns about how the company’s cloud and artificial intelligence technologies may be...
