Google trims workforce as economic uncertainty looms
HR Katha
by HRK News Bureau
1d ago
Google is implementing layoffs in an effort to trim costs, with an undisclosed number of employees affected, reports Reuters. The layoffs are not widespread, and impacted employees will be given the chance to apply for other roles within the company. The specifics regarding the number of employees affected and the departments involved remain undisclosed. However, some of the affected positions will be relocated to key hubs where Google is increasing its investments, including locations such as India, Chicago, Atlanta and Dublin. This move has raised concerns about further job reductions a ..read more
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Elon Musk issues apology over low severance packages
HR Katha
by HRK News Bureau
1d ago
In an email sent to his employees,Elon Musk, CEO, Tesla, has formally apologised for what he termed as “incorrectly low” severance packages. This comes in the wake of the American electric vehicle giant’s recent announcement of a 10 per cent reduction in its global workforce, affecting about 14,000 employees based on 2023 year-end data. Musk reportedly acknowledged discrepancies in the severance packages and assured employees that the issue is being promptly rectified, issuing an apology. Some employees who were laid off earlier in the week received severance equivalent to two months’ pay. Thi ..read more
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Toshiba to let go 5000 in Japan
HR Katha
by HRK News Bureau
1d ago
Toshiba is contemplating a significant downsizing of its workforce in Japan, eyeing a reduction of about 5,000 positions. The move is said to affect roughly seven per cent of its domestic staff. The focus of these cuts will primarily be on back-office roles within the company’s headquarters, with plans to implement them through voluntary retirement schemes. This proposed reduction would be the largest since the fallout from the 2015 accounting scandal. The move is anticipated to incur a loss of about 100 billion yen ($646 million), covering expenses such as special retirement packages and outp ..read more
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Roche reimagines the office: A wellness oasis for the digital age
HR Katha
by Radhika Sharma | HRKatha
1d ago
The office is dead. Long live the office, but not as we knew it. The past two years of remote work have fundamentally reshaped our understanding of office space.  Gone are the days of sterile cubicles; modern offices must cater to the evolving needs of a hybrid workforce, fostering collaboration and a sense of community while prioritising employee well-being. Roche, a leading healthcare company, has embraced this new vision with its transformative ‘Digital Center of Excellence’ in Pune, India.  This isn’t just an office; it’s a testament to Roche’s commitment to employee well-being ..read more
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Google CEO urges respectful disagreement as protests erupt
HR Katha
by HRK News Bureau
1d ago
The past few days have seen internal tensions rise at Google. Employee protests against the company’s business dealings with Israel resulted in nine arrests and the subsequent dismissal of 28 individuals. In response, Google leadership has taken steps to address employee conduct and expectations. Sundar Pichai, Google’s CEO, issued a blog post reiterating the importance of a vibrant and open discussion culture. He highlighted the role it plays in driving innovation and product development. However, Pichai emphasised the need for boundaries: “Ultimately, we are a workplace. Our policies and exp ..read more
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Navendu Shekhar named head HR at India Today
HR Katha
by HRK News Bureau
1d ago
After serving as director-HR (business, strategy and corporate functions) at Cashree Payments for well over two and a half years, Navendu Shekhar has joined India Today as head of human resources. An alumnus of Management Development Institute, Gurugram, Shekhar has done short stints with Tata Consultancy Services (TCS) and Mercer in the initial years of his professional journey. From 2013 to 2015, he worked with Vodafone as assistant manager-human resources. He then moved to Micromax Informatics as deputy manager-human resources for less than a year. He joined Amazon as HR business partner in ..read more
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Polmor Steel to expand in Telangana, create 100 more jobs
HR Katha
by HRK News Bureau
1d ago
Polmor Steel, a wholly-owned subsidiary of the Polish company Polmor is gearing to expand in Telanga, where it already has facilities in the Automotive Park in Kallakal and Muppireddypalli Industrial Area of Medak district. This expansion will create at least a hundred more jobs, and thus, contribute to the Make In India mission. Sebastian Domzalski, Poland Ambassador and Chargé d’affairs to India visited the facilities near Hyderabad where essential railway components are manufactured for companies in Europe. He also took a look at the new facility which is yet to be completed and become oper ..read more
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10% of Brevan Howard Asset Management to be laid off
HR Katha
by HRK News Bureau
1d ago
Brevan Howard Asset Management is all set to reduce its workforce by a 100 people. This is part of a cost-cutting exercise at the hedge fund, which is endeavouring to streamline processes. As part of this attempt, it is considering closing its Paris office. The layoff will primarily affect back-office roles and tech employees, mostly in London, New York and Hong Kong. About 20 traders and portfolio managers or money managers will also be laid off. Globally, the asset management firm has over 1,100 employees across its offices in NewYork, London, Hong Kong, Abu Dhabi and others. In India, the f ..read more
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“Complaining about spouse to their employer disrespectful”: High Court
HR Katha
by HRK News Bureau
1d ago
A couple seeking divorce were chided for the absence of respect in the marriage. The wife had apparently spoken to the husband’s employer and complained about him. The Delhi High Court ruled that this act on the wife’s part could have adversely affected the reputation of the husband at work. In fact, the bench headed by Justice Suresh Kumar Kait stated that complaining to the spouse’s employer about him or her is disrespectful and “cruel”. The husband had challenged the order by a family court that refused to grant him divorce. He argued that by complaining to his employer she had humiliated h ..read more
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Special casual leave granted to J&K division employees
HR Katha
by HRK News Bureau
2d ago
The general administration department of Jammu and Kashmir, has issued a notification approving three days of special casual leave for employees of the Jammu division stationed in the Kashmir Valley. The decision comes amidst the fervour of the upcoming Lok Sabha elections in the state. With the electoral code of conduct in full swing across the nation, and the first phase of elections slated for 19 April, various state governments have announced general, public and paid holidays for the voting day. Following suit, the authorities in Jammu and Kashmir have sanctioned three days of special casu ..read more
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