Julius Baer, a foreign wealth manager in India, has made some key appointment to its leadership team in the country. Guneet Singh is the new group head, who will be reporting directly to Umang Papneja, CEO, Julius Baer India. Backed by more than 24 years of experience in the wealth-management space, Singh was leading the [...] The post Key leadership appointments at Julius Baer India appeared first on HR Katha ..read more

A recent incident that has gone viral has shed light on the unpredictable nature of some startups, where leadership decisions often lack consistency. The anecdote about an employee who resigned from a Bengaluru-based startup due to constant shifts in the company’s strategy is quite concerning. As per media reports, the founder’s decisions were heavily influenced [...] The post When startups flip pages instead of strategies appeared first on HR Katha ..read more

Arvind Krishna, CEO, IBM, received a 23 per cent increase in his total compensation in 2024, taking his earnings to $25 million. This is a significant rise from the $20.3 million he earned in the previous year. His stock awards saw a substantial jump from $11.4 million to $14.8 million, while his base salary remained [...] The post IBM CEO’s pay jumps 23% amid strong AI growth appeared first on HR Katha ..read more

FedEx has appointed Rumana Rahman as its new vice president-human resources for the Asia-Pacific (APAC) region. Her appointment will be effective March 2025. In this role, Rahman will be based in Singapore and will lead the company’s HR strategy across key markets, including China, Japan, Korea, Indonesia, Malaysia, Australia, Taiwan, Vietnam, and Thailand in addition [...] The post Rumana Rahman joins FedEx as VP-HR appeared first on HR Katha ..read more

It has hardly been a week since the Bangalore Metro Rail Corporation (BMRC) issued a notification for recruitment of 50 loco pilots or train operators on contract basis for five years. Now, the corporation has withdrawn the recruitment notification. Why? Because Kannadiga activists were up in arms along with the Namma Metro employees union against [...] The post Following protests, BMRCL withdraws recruitment notification appeared first on HR Katha ..read more

For decades, Employee Stock Ownership Plans (ESOPs) were the corporate world’s equivalent of alchemy—turning ordinary employees into company shareholders and potentially into millionaires. The promise was elegant in its simplicity: align workers’ financial interests with their employer’s success, fostering loyalty while dangling the carrot of wealth creation. In the halcyon days of bull markets and [...] The post Have ESOPs lost their value quotient? appeared first on HR Katha ..read more

Amazon’s endeavour to cut costs is now set to impact the managers in its global workforce. If news reports are to be believed, the company is trying to cut its global management team by 13 per cent, that is, from 1,05,770 to 91,936. The objective of this downsizing exercise is to streamline operations and restructure [...] The post Is Amazon laying off 14,000 managers? appeared first on HR Katha ..read more

Forever 21 or F21 as it was popularly known, the apparel retail chain that operates 540 stores across the US currently, has filed for bankruptcy yet again. It is reportedly unable to face the stiff competition, or deal with the rising costs, and keep pace with changing consumer preferences. The retailer is looking at a [...] The post Forever 21 commences bankruptcy proceedings; thousands of employees face uncertainty appeared first on HR Katha ..read more

By 2029, that is, over the next four years, Audi, the German luxury carmaker will let go 7,500 people from its workforce in Germany. That means about 14 per cent of its workforce will be laid off, primarily in the administration and development divisions. The factory workers of this subsidiary of the Volkswagen Group will [...] The post 7,500 jobs to be cut at Audi over 4 years appeared first on HR Katha ..read more

Conneqt, a digital IT & BPM services firm has decided to elevate its people-first strategy by appointing Nikki as chief listening officer. Who is Nikki you are wondering? She is not a lady but an AI-driven employee experience platform, which will ensure real-time sentiment analysis and personalised experiences for Conneqt’s 50,000-strong workforce across over 23 [...] The post Meet Conneqt’s new AI-driven chief listening officer appeared first on HR Katha ..read more