Stay updated with the latest layoff news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on layoff topics.
HDFC Bank sees artificial intelligence as an opportunity, not a threat to jobs. The bank's chief executive Sashidhar Jagdishan believes AI will help redeploy staff from backend operations to customer-facing roles. This strategic shift aims to enhance customer engagement and innovation. HDFC Bank is conducting experiments with generative AI, expecting benefits in the next 18 to 24 months. The country's largest private sector lender HDFC Bank does not see its use of artificial intelligence leadin ...Read More >
Mumbai: Less than a month after Ozempic maker Novo Nordisk announced it is cutting its global workforce as part of a restructuring plan, the layoffs have hit Indian employees in Bengaluru. Junior- to mid-level employees across functions such as sales and marketing, as well as those in the company's global business services (GBS) hub, which works with its global teams, have been impacted, according to at least three people aware of the development. "At least 100-150 will be retrenched from the ...Read More >
PTC Web Desk: Indian graduate Ananya Joshi, who had been documenting her job search journey on social media, has bid an emotional farewell to the United States after failing to secure a suitable role. On September 29, she shared a tearful video on Instagram, capturing her departure and describing it as the "hardest step" of her journey. In her post, Ananya Joshi reflected on her years in America, calling it her first home as a financially independent adult. "By far the hardest step in this jour ...Read More >
New Delhi: Following the announcements of layoffs by IT giants TCS and Accenture, the aviation industry has now faced a major setback. Germany's renowned airline group, Lufthansa, announced on Monday, 29 September 2025, that it will lay off 4,000 employees at the administrative level by 2030. This move, taken in the name of promoting digitalisation and automation, is worrying news for millions of employed people. Lufthansa has faced persistent cost pressures and labour disputes over the past fe ...Read More >
Mumbai, September 29: TCS layoffs have become a major talking point in the tech community since CEO K Krithivasan announced cutting 2% of the company's workforce. Previously, it was reported that around 12,000 employees had been laid off by the IT major in India; however, according to new reports, the tech sector has been facing several other issues globally, such as the H-1B visa fee hike by US President Donald Trump and the rise of artificial intelligence. Meanwhile, IT unions and other parti ...Read More >
New Delhi: Global IT consulting firm Accenture has laid off more than 11,000 employees over the past three months and has warned of further job cuts, citing the accelerating impact of artificial intelligence (AI) on its operations. The Dublin-based firm unveiled details of an $865 million (around Rs 7,669 crore) restructuring programme, warning analysts that if staff cannot be retrained fast enough, further reductions will be inevitable, as reported by India Today on Sunday. The company's lead ...Read More >
BENGALURU -- Elon Musk's xAI has laid off at least 500 workers from its data annotation team, which helps develop the company's Grok chatbot, Business Insider reported on Friday. The company notified employees by email on Friday night that it was planning to downsize its team of generalist artificial intelligence (AI) tutors, the report said, citing multiple messages viewed by the business news website. Responding to a request for comment, xAI referred to a post on X, formerly Twitter, in whic ...Read More >
New Delhi [India], August 14 (ANI): The credit-to-deposit ratio in Indian banks has stayed below 80 per cent as credit offtake in the country continues to lag, according to a report by CareEdge Ratings. The report highlighted that while both credit offtake and deposit growth have increased sequentially, they remain significantly lower than the levels seen last year. Deposits continued to outpace credit offtake in the current fortnight, leading to a narrowing of the credit-deposit gap. It state ...Read More >
Shimla, Aug 14 (SocialNews.XYZ) Braving darkness, fast currents and unstable terrain, the Indian Army on Thursday said its swift response averted a potential tragedy when a sudden flash flood struck Hojis Lungpa Nala in Himachal Pradesh's mountainous Kinnaur district. The incident happened at around 7 p.m. on Wednesday. Triggered by a cloudburst in the higher reaches of the Rishi Dogri Valley, the deluge engulfed the bridge across the Sutlej River and injured one individual. The site was an ac ...Read More >
NEW DELHI: US-based Oracle is cutting jobs in its cloud unit in a bid to control costs amid heavy spending on artificial intelligence (AI) infrastructure, news agency Bloomberg reported, citing people familiar with the development. Part of the layoffs were related to performance issues; however, the cloud unit continues to hire workers, as per the report, which cited two unnamed people. Oracle has cut more than 150 jobs in the Seattle area, which is the unit's hub. The cloud infrastructure sol ...Read More >
New Delhi, Aug 8 (PTI) Skills and talent development firm NIIT Ltd on Friday posted a 43.6 per cent decline in consolidated net profit to Rs 4.37 crore in the April-June quarter due to headwinds from a turbulent environment in the technology and BFSI sectors. It had reported a profit (attributable to owners of the parent company) of Rs 7.75 crore in the year-ago period, according to a regulatory filing. The company's revenue from operations rose slightly to Rs 84.11 crore in Q1 FY26, from Rs 8 ...Read More >
Chennai: Tamil Nadu Chief Minister MK Stalin on Monday backed West Bengal Chief Minister Mamata Banerjee for calling out the Delhi police for allegedly referring to Bengali as a Bangladeshi language, labelling it a "direct insult to the very language in which the National Anthem is composed." Stalin said such remarks were not "inadvertent errors" but a reflection of a regime that undermines India's linguistic diversity. "The Delhi Police, under the Union Home Ministry, has described Bengali as ...Read More >
New Delhi, August 4: Intel is reportedly planning changes in its work from office (WFO) policy that could affect many of its employees. The company is said to be ending work from home options and moving back to a regular office routine. Intel CEO Lip-Bu Tan has reportedly shared the update about the company's upcoming workplace changes. The update came in a July 24 memo that mainly addressed 15% Intel layoffs impacting around 15,000 employees. The plan is said to focus on bringing employees back ...Read More >
The massive layoffs announced by IT major TCS were a business decision, and do not need intervention from the Karnataka government, state IT minister Priyank Kharge told Mint on Friday. "TCS overestimated their business and had a heavy bench strength, thus leading to a course correction. A very little part of it had to do with artificial intelligence (AI). Now, be it AI or any other disruptive technology, the industry needs to ensure that human resources remain on top of necessary skills. As th ...Read More >
TCS has told the labour ministry it will honour all job offers despite delays in onboarding due to global headwinds. Responding to a union complaint, the IT giant cited deferred projects, denied layoffs, and questioned the union's role in ongoing hiring and restructuring issues. Tata Consultancy Services (TCS) has assured the ministry of labour that it remains committed to honouring all job offers it has made, even as it faces delays in onboarding due to global market challenges. The IT major s ...Read More >
Mumbai, July 17: The TCS 35-day bench policy deadline ended on July 17, 2025 (today), causing fear among the employees about the upcoming layoffs. The TCS bench policy was implemented on June 12, saying that the employees could stay on the bench for 35 days without a project. However, the policy has now come into effect, leading to worry and anxiety among thousands of employees working at Tata Consultancy Services. Today, the TCS 35-day bench policy completed its first cycle, and the employees ...Read More >
A young woman named Oleti Pushpa (22) was killed by her live-in partner Sheikh Shamma (22) in the Ambedkar Konaseema region of Andhra Pradesh, reported India Today. She was living with Sheikh for the past 6 months after she separated from her spouse. The incident took place in Siddhartha Nagar, B Savaram village of Rajolu mandal on 16th July. Shamma reportedly accused Pushpa of having affairs with other men. He forced her to engage in prostitution and frequently instigated fights with her when ...Read More >
New Delhi: Tech layoffs are picking up pace once again and Microsoft is the latest to make headlines. The company has reportedly cut over 15,000 jobs across various divisions in several rounds of layoffs. At the same time, it is urging its remaining employees to focus on upskilling in artificial intelligence (AI), with internal messages encouraging them to "invest in your own AI skilling," according to The Information. Microsoft has cut over 15,000 jobs in 2025 through at least four major round ...Read More >
Mumbai (Maharashtra) [India], July 10: Uniqus Consultech, a tech-enabled global platform that offers consulting solutions in the accounting & reporting, finance operations, governance, risk, ESG, and technology domains, announced a strategic alliance with Anecdotes, an AI-native governance, risk & compliance (GRC) platform that identifies gaps, strengthens, and scales GRC programs. Also Read | Guru Purnima 2025 Quotes in Marathi for Free Download Online: Send Guru Purnima Shubhechha Images to G ...Read More >
CHENNAI: As part of the nationwide strike on Wednesday by central trade unions to highlight their 17- point demands, several trade unions from TN are planning to participate to show solidarity. As part of this, most buses are expected to remain off the roads as the ruling DMK's trade union is also participating in the strike. The demands include controlling price hikes, increasing the minimum wage, halting the privatization of public sector enterprises, scrapping the new pension scheme, regula ...Read More >
Mumbai: Tata Sons chairman N. Chandrasekaran has set a new goal for Tata Steel Ltd chief executive and managing director T.V. Narendran: to deliver net profit from the company's UK operations in the current fiscal year. Addressing shareholders at Tata Steel's annual general meeting on Wednesday, Chandrasekaran, who also chairs the steelmaker, said the aim was for the UK operations to achieve net profitability this fiscal year. "I feel that UK should be PAT (profit after tax) positive, so the c ...Read More >
Mumbai, July 2: TikTok is reportedly planning to announce another round of layoffs, affecting e-commerce team staff from the global workforce. The TikTok layoffs will reportedly be announced due to 'organisational and personnel changes'. The company shared a memo with its employees, citing the same reason and hinting at possible layoffs. TikTok has announced several rounds of layoffs this year for various reasons. TikTok is banned in India, but it has been struggling in the US. Recently, US Pre ...Read More >
Mr. Salim, a Bengaluru techie, faces hardship after a layoff, sparking debate about social security for India's middle class. Despite paying significant income tax, he received a minimal severance and feels abandoned by the government. His story highlights the vulnerability of salaried professionals and raises questions about the support system for those sustaining the economy.A Bengaluru-based tech professional, Salim (name changed), is at the center of an ongoing debate about the lack of socia ...Read More >
PATNA: RJD leader Tejashwi Yadav on Sunday claimed that the ruling NDA in Bihar was "on its way out", and the new government in the state led by the Mahagathbandhan will "consign to dustbin" the Waqf Act brought by the Narendra Modi dispensation at the Centre. The young leader addressed a 'Save Waqf, Save Constitution' rally, held at the historical Gandhi Maidan here, where leaders from various political parties had turned up, wearing black bands as a mark of protest. The former deputy chief m ...Read More >
Mumbai, June 29: A Reddit user posted on the platform that he pretended he was still employed after being laid off to land another job. He explained how he was laid off five months ago, and since then, he has tried to show he was still working. Reddit explained how doing this landed him a better job. The Reddit post explored what happened, why he was laid off and what made him pretend he was still employed at the same company. The post made by Reddit user called "VelvetViiibes" got over 26,000 ...Read More >
New Delhi: Microsoft CEO Satya Nadella is urging the tech industry to think hard about how much energy artificial intelligence (AI) uses and whether it truly benefits people. Speaking at Y Combinator's AI Startup School, Nadella said, "If you're going to use a lot of energy, you need to have a good reason. We can't just burn energy unless we are doing something useful with it." He stressed that AI should make real improvements in daily life, like making healthcare, education, or paperwork easier ...Read More >
Bengaluru, June 7 (SocialNews.XYZ) The Special Wing of the Criminal Investigation Department (CID) will begin its probe into the Chinnaswamy stampede tragedy, which claimed 11 lives on June 4, starting Saturday. Concurrently, the magisterial enquiry by the Deputy Commissioner of Bengaluru Urban district is also progressing. Sources confirmed that the CID probe will be headed by SP Shubanvita and Dy SPs Gowtham and Purushottam were named as investigators. The CID is likely to seek custody of th ...Read More >
New Delhi: Sundar Pichai, the CEO of Google, presented a vision for the company's future at the recent Bloomberg Tech Summit. He highlights that artificial intelligence will not only revolutionise Google's products but also increase the company's technical workforce and societal effect. Google's staggering 75 billion dollars capital expenditure commitment to AI infrastructure was disclosed by Pichai in an interview with Emily Chang. Pichai showed confidence in Google's ability to expand, despit ...Read More >
New Delhi, May 22 (PTI) Markets regulator Sebi will issue directions this month over expiry of equity derivatives contracts after analysing the comments on the consultation paper, its chairman Tuhin Kanta Pandey said on Thursday. Sebi, in its consultation paper issued in March, proposed that the expiries of all equity derivatives contracts across exchanges be uniformly limited to either Tuesdays or Thursdays. This would help optimize the spacing between expiries and avoid designating either the ...Read More >
BENGALURU: After two-and-a-half years' wait, many campus recruits got their jobs in Infosys in October last year, but at least 490 of them from the 2022 batch were laid off last week from the Mysuru campus. Infosys in a statement said all freshers get three attempts to clear the assessment, failing which they will not be able to continue with the organisation. However, a couple of trainees that this newspaper spoke to said it was a stringent assessment and that there was no mention of these thr ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.