Oracle Workforce Falls by 21,000 as AI Investments and Business Restructuring Reshape Operations
Oracle reduced its global workforce by approximately 21,000 employees during fiscal 2026 as the company accelerated artificial intelligence (AI) adoption and implemented a broader business restructuring, according to its annual report filed on June 22, 2026. The filing shows Oracle’s employee count declined to 141,000 as of May 31, 2026, compared...
RAK ICC Launches New Business Centre in Ras Al Khaimah
RAK International Corporate Centre (RAK ICC), one of the UAE’s leading international corporate registries for private wealth and cross-border structuring, today announced the launch of its new Business Centre in Ras Al Khaimah – a new destination designed specifically for advisors, entrepreneurs, family offices and international families seeking a professional...
L&T to Invest ₹18,600 Crore in Tamil Nadu, Creating Over 8,200 Jobs Across Three Projects
Engineering and infrastructure company Larsen & Toubro (L&T) has signed a memorandum of understanding (MoU) with the Tamil Nadu government to invest ₹18,600 crore in the state through three major projects that are expected to generate more than 8,200 employment opportunities. The agreement was signed at the State Secretariat on June...
Tata Steel Signs Seven-Year Wage Agreement, Enhances Pay, Allowances and Employee Benefits
Tata Steel has signed a long-term wage revision agreement with its recognised unions at its Jamshedpur operations, introducing higher salaries, enhanced allowances and additional employee benefits under a settlement that will remain effective until the end of 2031. The agreement covers employees in the NS Series, Old Series and the company’s...
Trident Group Earns Great Place to Work Certification with 95 percent Employee Trust Scores
Trident Group, one of the world’s largest home-textile manufacturers and a global leader in terry towels and wheat-straw-based paper, has been Certified by Great Place To Work for the first time. The recognition is based entirely on what Trident’s own employees say about working there — and 95% of them said Trident...
Tesla Employee’s Viral Post on 54-Hour Workweek Renews Debate Over Workplace Wellbeing
A social media post by a Tesla employee describing a seven-day work schedule has sparked widespread online discussion about long working hours, employee wellbeing and work-life balance in the technology sector. The post, shared on Instagram, outlined what the employee described as a typical workweek, with daily working hours spread across...
Finance Ministry Proposes HR Reforms for Public Sector Banks to Improve Transparency and Career Growth
The Union Finance Ministry is reportedly working on a broad set of human resource reforms for India’s public sector banks, aiming to modernise employee management practices and improve transparency across the sector. The proposed changes, led by the Department of Financial Services (DFS), are expected to affect more than 7.5...
From Local Roots to the World: Leap Ahead Founder Divya Multani is Building India's Global Business Gateway
Leap Ahead founder Divya Multani is redefining international growth by enabling businesses, investors and innovation ecosystems to expand across borders—not just from India to the world, but from the world to India and beyond. From Local roots to the World: Leap Ahead Founder Divya Multani is Building India’s Global Business Gateway In...
Google Launches AI Incubator to Support Startups Founded by Former Employees
Google has introduced a new incubator programme designed to support artificial intelligence (AI) startups founded by former employees, reinforcing its long-term engagement with its global alumni network and expanding its investment in AI innovation. The initiative is backed by Google’s AI Futures Fund and is aimed at helping early-stage AI ventures...
India Adds 3.5 Lakh AI Job Openings in Three Months as Demand Outpaces Talent Supply: Report
India witnessed nearly 3.5 lakh artificial intelligence (AI)-related job openings over the past 90 days, highlighting the rapid expansion of AI hiring across industries, according to a report released by Quess Corp. The report estimates that India is home to approximately 9.2 lakh AI professionals, making it one of the world’s...
Startup Founder Raises Concerns Over ESOP Taxation, Says Rules Limit Employee Wealth Creation in India
A renewed debate over employee stock ownership in India’s startup ecosystem has emerged after entrepreneur Chinmay Singh raised concerns about the country’s taxation framework for employee stock ownership plans (ESOPs). In a post on the social media platform X, Singh argued that the current tax treatment of ESOPs makes it challenging...
Former Meta Employee Says Layoff Prompted Rethink of Career Amid Growing AI Adoption
The experience of a former Meta employee has renewed discussions about how artificial intelligence (AI) is reshaping careers in the technology sector and changing expectations around job stability. According to reports, 24-year-old data scientist Moyan Chen lost her job at Meta in May 2026 after spending less than a year with...
BlackRock Cuts Around 200 Jobs in Latest Workforce Review
Global asset manager BlackRock has reduced its workforce by approximately 200 positions, representing just under 1 per cent of its employee base, as part of its ongoing organisational review process. The latest reductions affect roles across several functions, including investment, operations, technology and private credit. Some of the impacted positions are...
Google Commits $50 Million to Expand Skilled Trades Training Across the US
Google has announced a $50 million investment to expand skilled trades training across the United States, with the goal of preparing more than 300,000 workers for careers in industries facing growing labour shortages. The initiative will support apprenticeship and workforce-development programmes operated by organisations across more than 20 states. The funding...
Microsoft Restructures Xbox Division; Reports Indicate Layoffs and Studio Changes
Reports indicate that Microsoft is undertaking a major restructuring of its Xbox gaming division, with several studios facing potential closures, sales, or other ownership changes as part of a broader strategic shift. According to reports, studios including Ninja Theory, Double Fine, and Compulsion Games are among those affected. The restructuring is...
Madras High Court Denies Special Grade Benefit to Employee Who Delayed Joining Promotional Post
The Madras High Court has held that an employee cannot claim Special Grade benefits in a previous post by postponing the assumption of a promotional position after receiving a promotion order. A Division Bench comprising Justice N. Sathish Kumar and Justice M. Jothiraman dismissed an appeal filed by former Agriculture Department...
Meta Employees Report Increased Workload Amid AI Push and Recent Layoffs
Employee sentiment at Meta is reportedly under pressure following recent workforce reductions and the company’s intensified focus on artificial intelligence (AI), according to internal discussions cited in media reports. Last month, Meta reduced its workforce by approximately 8,000 employees, representing nearly 10 per cent of its global staff. The restructuring forms...
PM Modi to Launch ₹2,400-Crore Employment Incentive Scheme for New Workers and Employers
Prime Minister Narendra Modi is scheduled to launch the first phase of the Pradhan Mantri Viksit Bharat Rojgar Yojana (PMVBRY) on Thursday, with an initial disbursement of ₹2,400 crore aimed at boosting employment generation across the country. The employment-linked incentive programme seeks to encourage formal job creation by providing financial incentives...
Walmart says AI is intended to support employees, not replace them
Walmart executives told employees that artificial intelligence (AI) is being deployed to support their work rather than replace jobs, according to remarks made during the company’s annual Associates Week event in Bentonville, Arkansas. Company leaders said Walmart has introduced AI tools across multiple business functions and has been training employees to...
MSM Unify Empanelled by APITCO Limited to Deliver Skill Development and Workforce Training Programmes Across India
MSM Unify, the international education and workforce platform of MSM Global Education Private Limited, has been formally empanelled by APITCO Limited as a Training Provider and Consulting Firm. The empanelment agreement, executed on 20 May 2026 and valid for two years, authorises MSM Global Education to perform assignments across skill...
Paytm plans to hire 4,000 employees across AI, product and technology functions
Indian fintech company Paytm is planning to expand its workforce by approximately 4,000 employees as it increases investments in artificial intelligence and strengthens its merchant-focused business operations, according to reports. The recruitment initiative is expected to continue through March 2027 and will cover a range of functions, including product development, technology,...
Tools for Humanity announces workforce changes amid business realignment
Tools for Humanity, the technology company behind the World digital identity platform, has initiated workforce changes as part of an organizational restructuring, according to an internal communication reported by media outlets. The company, co-founded in 2019 by Sam Altman and Alex Blania, is known for developing World, a digital identity system...
18th BML Munjal Awards for 'Business Excellence Through Learning and Development'
The 18th edition of the BML Munjal Awards was presented today at the Mindmine Summit 2026 in New Delhi, recognising organisations that have demonstrated excellence in learning and development while delivering measurable impact for business, customers and society. Unveiling of Braille (English) Edition of The Making of Hero at the 18th...
Emids plans to hire 1,000 AI context engineers for healthcare GCCs by 2027
Healthcare-focused digital transformation and engineering company Emids plans to hire 1,000 Forward-Deployed Context Engineers (FDCEs) over the next year as part of its efforts to expand the use of artificial intelligence in healthcare operations. According to the company, healthcare Global Capability Centres (GCCs) are increasingly seeking professionals with expertise in both...
Xbox reportedly preparing restructuring that may include workforce reductions
Microsoft’s Xbox gaming division is reportedly considering organizational changes that could include workforce reductions as part of a broader effort to streamline operations and improve business performance. According to media reports, any potential changes are expected to be announced after the close of Microsoft’s fiscal year on June 30. Neither Microsoft...
