Page 4 - Work From Home

WFH no more concern for office space demand: Cushman & Wakefield India head

The demand of premium office space across major cities is likely to exceed 70 million square feet this year and going forward as work-from-home is no longer a concern for the Indian commercial real estate market, said Cushman & Wakefield India chief Anshul Jain. Cushman & Wakefield, one of the leading global real estate consultants, is bullish on the Indian office market, driven by high demand from global capability centres (GCCs) and domestic companies across major sectors. In an interview with PTI Videos, Jain, Chief Executive, India & Southeast Asia and Head of Asia Pacific Tenant Representation, Cushman & Wakefield, said, "India is now being called the Office of the world interestingly. And the demand in India is one of the highest in Asia, and in fact the rest of the world." Indian office market across seven major cities is witnessing a very strong demand, with both gross leasing and net leasing reaching around pre-COVID level, he said. "So, from an office market .

Asked to work from home, then fired: How Stellantis laid off 400 employees

Stellantis laid off around 400 employees in a video call after asking them to do work from home on a particular day. They will now get a comprehensive separation package and transition assistance

B'luru water woes: Citizens in tech capital get innovative to tackle crisis

From exploring work from home (WFH) option and shifting to a place with better water facilities and taking bath on alternate days--citizens of India's tech capital are trying every possible thing to deal with an unprecedented water crisis that has gripped the city. The woes have become a serious issue of concern for Bengalureans , especially in Whitefield, KR Puram, Electronic City, RR Nagar, Kengeri and CV Raman Nagar. Those staying in high rise apartments with water harvesting facilities are also now dependent on tankers for drinking water and many restrictions have been imposed. Eateries in Bengaluru are mulling over use of disposable cups, glasses and plates to avoid excess use of water. Posters with catchy slogans -- "no rain no water," "water water everywhere but not a drop to drink", "conserve water", among others have been put up at many schools and building associations. Educational institutions are also feeling the pinch. Recently, a coaching centre in the city asked i

Byju's shuts all regional offices, asks 15,000 employees to work from home

The move has been in place for the past few months as part of a restructuring exercise as the struggling edtech giant faces a severe funding crunch and battles lenders, according to the sources

Cognizant asks India employees to work from office for three days in a week

Around 254,000 of Cognizant's 347,700 employees are based in India, making it the firm's largest employee base, according to its annual report

TCS chief says no cutting down on hiring, but wants to end work from home

Tata Consultancy Services (TCS) on Tuesday ruled out cutting down on hiring, saying it has no plans of doing so but it may have to pace hiring according to the evolving demand scenario. TCS is the largest Indian software exporter in terms of headcount, revenue and profit. The statement comes amidst a report that the software industry is going soft on hiring as demand falters from their key markets and some of them are even going back on their campus offers. Last week, the industry body Nasscom said the industry added only 60,000 jobs in FY2023-24, taking the overall headcount to 5.43 million. "As we are already seeing some green-shoots in the economy we need more people for more work. In fact, we have no plans to reduce our hiring plans and will continue to hire the same way as we have been doing. Probably we will have to change the hiring phase, but no cutting down on our hiring plans, for sure," TCS chief executive K Krithivasan said in a Nasscom session here. TCS employs more t

HCLTech tells DFS employees to report to office 3 times in a week

HCL Technologies has asked all employees who are part of Digital Foundation Services (DFS) to come to office at least three days a week beginning February 19, according to a communication by Noida-headquartered IT company. The move comes at a time when more and more tech companies are shifting to workplace-based models, insisting that employees be physically present in the office cubicles for a certain number of days every week to enhance teamwork, facilitate face-to-face interactions, and strengthen workplace culture. As such, senior managers and leadership team in DFS (those above a certain position and level) have transitioned to a hybrid model and work from office at least three days in a week. The recent communication states that from February 19, the same hybrid work model will be applicable to all employees of DFS. All DFS employees, irrespective of their band, will be required to work from their designated HCLTech offices for a minimum of three days in a week, the memo said,

Move near an office or leave company: IBM's ultimatum to its managers

Many companies have increased return-to-office requirements over the last year, replacing employee-friendly incentives like happy hours and commuter subsidies

How technology is changing the office: Cubicle to wall colours and lighting

Companies are using neuroscience, AI, smart lighting to make offices that inspire creativity and innovation. They are creating office space that wraps itself around employees' needs

65% employees back in office 3-5 days a week after TCS ended WFH: CEO

Tata Consultancy Services CEO K Krithivasan states that with the positive incentives provided, a majority of employees will be back in the office within the next couple of quarters

Big tech companies likely to continue hybrid mode of work: WeWork India CEO

Companies in the BFSI, media, and consulting sectors have returned to office almost fully, said Karan Virwani

Over Rs 10,300 cr siphoned off by cybercriminals since 2021, says I4C

Over Rs 10,300 crore were siphoned off from the country by cybercriminals since April 1, 2021, of which agencies managed to successfully block around Rs 1,127 crore in the country, Indian Cyber Crime Coordination Centre (I4C) said Wednesday. Over 4.52 lakh cyber crime cases were reported on the National Cybercrime Reporting Portal (NCRP) in 2021, which rose by 113.7 per cent in 2022, with 9.66 lakh cases being reported on the portal, Director of I4C Rajesh Kumar told reporters in an interaction here. I4C is a body established by the Ministry of Home Affairs to provide a framework and eco-system for law enforcement agencies for dealing with Cybercrime in a coordinated and comprehensive manner. Kumar said over 15.56 lakh cases were reported on NCRP in 2023, translating into 129 cyber crime cases reported per lakh population, which shows a "deceleration" of growth rate to 60.9 per cent as compared to 2022. "Rs 10,319 crore has been reportedly lost in India from April 1, 2021 to Decem

South Korea launches 'workation' visa for foreigners: All you must know

South Korea 'workation' visa: Foreign nationals with annual income twice as much as South Korea's per capita gross national income will be eligible to apply for the visa

Corporates relook at work-from-home policy as Covid cases resurge

India reports a single-day spike of 702 cases; 6 deaths

TMS Ep591: Telecom Bill 2023, end of WFH, airline stocks, Covid-19 JN.1

Telecom Bill 2023: Is allocation better than auction? Was 2023 the year work from home ended? Will IndiGo and SpiceJet stocks face turbulence? What is JN.1, the latest Covid-19 variant? Answers here

Ahead of China credit outlook cut, Moody's asked staff to work from home

The department heads in the agency asked its non-administrative staff in Beijing and Shanghai not to go into the office this week

The future is flexible: IT companies juggle in-person with remote work

Some IT employees Business Standard spoke with said that their companies are offering them certain perks to work in a hybrid environment

Global slowdown blues will stall demand for office space this year: Crisil

IT firms and Global Capability Centres (GCCs) of multinational corporations are expected to keep demand modest in the near term amid global economic headwinds

Wipro asks employees to work from office thrice a week as Covid curbs eased

Companies have been reversing or modifying their "remote work" policies as Covid-19 pandemic-related restrictions wound down for reasons including better communication and collaboration among workers.

Infosys asks some staff back in office 10 days a month, bucks global trend

Since the pandemic, they had been allowed to work remotely full-time, and the company's other employees are still permitted to do so