Maximizing Your Savings: 5 Income Tax Changes in Budget 2023. Explore the latest updates to the income tax system in India and learn how to maximize your savings with the 5 key changes announced in Budget 2023. From increased tax rebates to revised income tax slabs, this comprehensive guide will help you understand the impact …
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Dutch health technology company Philips made a tough announcement on Monday, revealing plans to let go of 6,000 employees just months after laying off 4,000 workers globally. The company stated that the job cuts are part of a restructuring plan aimed at restoring its profitability and competitiveness in the market, following a recall of respiratory …
Philips Cuts 6,000 Jobs: Another Round of Layoffs Amidst a Global Crisis Read More »
The news of International Holding Company (IHC) investing $400 million in Adani Enterprises’ Further Public Offering (FPO) comes after Hindenberg Research recently reposted its criticism of the Indian conglomerate. Hindenberg had previously raised concerns about the financial practices of Adani Group, including its debt levels and the risk of its subsidiaries defaulting on loans. Despite …
Why did 3M Announces 2500 Job Cuts? 3M, the multinational conglomerate corporation, recently announced that it will be cutting about 2,500 manufacturing jobs globally. This move comes as a result of the rapid declines in consumer-facing markets and a significant slowdown in China due to the disruptions caused by the COVID-19 pandemic. In a statement, …
3M Announces 2500 Job Cuts Amidst COVID-19 Economic Challenges Read More »
What are the requests of the Foundation for India and Indian Diaspora Studies (FIIDS) to President Biden? The Foundation for India and Indian Diaspora Studies (FIIDS) has recently urged President Biden to extend the grace period for H-1B and L1/5 visas in light of the ongoing COVID-19 pandemic and the resulting economic downturn. The organization …
FIIDS calls on President Biden to extend H-1B and L1/5 visa grace period amid layoffs Read More »
PepsiCo, a well-known US-based food and beverage company, has announced plans to expand its Global Business Services (GBS) Center in Hyderabad, India. The GBS Center was established in 2019 and currently employs 2800 people, but with the expansion plans, it aims to increase its workforce to 4,000 employees by hiring 1200 employees within the next …
PepsiCo to add 4,000 employees to Indian Global Business Services Center Read More »
Why did Wipro fire 452 freshers? Wipro, an IT major, has confirmed that it has let go of 452 freshers it had made offers to but had not onboarded to any project yet. The freshers were let go because they “performed poorly in assessment repeatedly even after training,” the company said in a statement. “At …
Google’s parent company, Alphabet, has announced plans to cut 12,000 jobs, or 6% of its workforce, worldwide in the fiscal year 2022-2023. The company cited a slowdown in the economy as the reason for the layoffs. The job cuts will affect both Google and other businesses within Alphabet. Google, the company’s main source of revenue, …
Google’s Alphabet to cut 12,000 jobs worldwide, impacting 6% of the workforce Read More »
Tata Consultancy Services (TCS) has updated its appraisal system to include points for working from the office. An email was sent to managers and team leaders requesting that they assign a “Return to Office” goal to their team members, with a target of an average of 3 days a week at the nearest TCS office. …
The COVID-19 pandemic has had a devastating impact on the global economy and the technology sector has not been immune to its effects. In an effort to adapt to the ongoing economic recession, Microsoft, one of the world’s largest technology companies, has announced plans to cut 10,000 jobs in its sales and marketing divisions as …
“Microsoft Trims Down: 10,000 Jobs Cut in FY 2022-2023 Amidst Pandemic and Recession” Read More »
