Workforce

Aston Martin to cut up to 20% of workforce amid losses, Trump tariffs

The British company expects savings of around 40 million euros from the reductions, with related costs of about 15 million euros

India must lift labour productivity to reach Viksit Bharat goal: Suman Bery

NITI Aayog's Suman Bery says India must boost labour productivity, deepen investment, raise women's participation and leverage AI to reach per capita income levels required for Viksit Bharat 2047

Average pay hike across sectors projected at 9.1 pc in 2026: Survey

Employees across sectors are expected to get a salary hike of 9.1 per cent on average in 2026, slightly higher than the increment of 8.9 per cent received last year, a survey said on Tuesday. The projected 9.1 per cent salary increase reflects a slight uptick from the actual 8.9 per cent hike recorded in 2025, which signals sustained salary movement, said global professional services firm AON, citing its 'Annual Salary Increase and Turnover Survey 2025-26 India'. The latest survey, the 32nd edition, is based on an analysis of data from more than 1,400 organisations across 45 industries in the country. The projected salary hikes will vary depending on industries, it said. The workforce in the real estate and infrastructure sectors is expected to get the maximum pay hike of 10.2 per cent on average, followed by those working in non-banking financial companies (NBFCs) at 10.1 per cent, it said. Employees in the automotive and vehicle manufacturing sectors are expected to get a hike o

Govt asks EPFO to conduct study on impact of workforce formalisation

Panel seeks report in three months amid push on labour codes, eshram and social security coverage

From mini-sabbaticals to adult gap years, more take extended work breaks

If you daydream about getting a break from work, you might picture two weeks of vacation or a long weekend getaway. But some people dare to imagine something bigger and find ways to get a substantial breather from stress or their day-to-day routines. Mini-sabbaticals. Adult gap years. Micro-retirement. Extended career breaks go by many names and take many forms, from using the time between jobs to explore to taking an employer-approved leave to becoming a digital nomad or saving up for a month-long adventure. Creating space for a reset, whether mental, physical or spiritual, is the common thread. Cost, personal responsibilities and fears of being judged by colleagues, friends and family members are some of the obstacles that prevent people from hitting pause on their work lives and setting out in search of new perspectives, according to sabbatical experts and people who have taken sabbaticals. No longer just for academics ----------------------------------- American attitudes towa

Share of flexi workers rose to 70% from 20% in 5 years, says report

The share of flexi workers in India's workforce rose sharply to 70 per cent in 2025 from 20 per cent in 2020, while the proportion of permanent workers declined, an ISF report said

EV maker Ola Electric to cut about 5% of workforce in restructuring

The Bhavish Aggarwal-led EV maker is pursuing a turnaround strategy focused on improving service delivery and increasing automation across front-end operations

More power to 'People India' and Middle India as growth engine shifts

India's growth is powered by hard-working people and a rising 'Middle India';. This aspirational group needs financial enablement and infrastructure support to accelerate mobility and sustain growth

Blackstone eyes more hiring in Asia to tap rising private market demand

The alternative asset manager sees huge potential from bringing private markets to individual investors, who are looking for alternatives to the conventional portfolio

Millions of workers have been cut from federal payroll, says Trump

US President Donald Trump said Tuesday that his administration has slashed "tremendous" numbers from federal payroll, adding that millions of federal workers were terminated by it. The president was appearing at Tuesday's White House press briefing to mark the first anniversary of the start of his second term. Scott Kupor, director of the US Office of Personnel Management, said last September that there would be roughly 300,000 fewer federal workers on the payroll nationwide by the end of 2025. The government employs roughly 2.5 million workers, including military members. Trump said the fired workers are getting much better jobs and much higher pay". From the start of Trump's second term one year ago, the Department of Government Efficiency, led by his then-advisor Elon Musk, instigated purges of federal agencies with the expressed mission of rooting out fraud, waste and abuse.

Work-life balance tops job wish list for India's Gen Z: What they want

The preference becomes even more pronounced among older Gen Z professionals

Align skills to reality: Adult Skills Survey 2026 will inform policy

This exercise is timely, given that nearly three-fourths of India's workforce has only basic schooling, and graduate employability is just around 55 per cent

Govt to conduct nationwide Adult Skills Survey to assess skills level

The survey is expected to be conducted after the first quarter of 2026. It is aimed at assessing skill levels across basic, intermediate, and advanced categories

Top 10 coworking firms control nearly two-thirds of flex office stock

India's top seven cities have nearly 1,400 coworking centres, with 10 big operators holding two-thirds of the total 82 million square feet of flexible managed workspaces, according to Vestian. Real estate consultant Vestian's latest report also highlighted that more than 475 coworking centres currently host Global Capability Centres (GCCs) bases. "As India's GCC landscape continues to evolve, flexible space operators will remain indispensable partners, offering flexibility, faster speed to market, and enterprise-grade infrastructure that global companies require, to scale efficiently in a highly competitive market," said Shrinivas Rao, CEO of Vestian. The consultant noted that the total stock of flexible workspaces has expanded to 82.3 million sq ft spread across nearly 1,400 centres in the top seven cities. "However, the market continues to remain consolidated, with the top 10 operators controlling 67 per cent of the total stock," it added. Bengaluru leads with 33.2 per cent shar

Artificial Intelligence: From workforce disruption to innovation engine

AI is already delivering higher productivity, faster decision-making, and better outcomes across industries

India's 12-hour workday pushes the wrong kind of capitalism forward

It's a relief that the four new labour laws that New Delhi has brought in, after delaying them for five years for fear of political backlash, haven't gone that far

Do new labour codes support 72-hour work week idea? Here's the truth

The 72-hour work week has been a topic of debate. Some industry leaders support the idea, while many young professionals strongly oppose it. Do new labour codes support it?

Verizon weighs up to 20,000 layoffs as new CEO Dan Schulman takes charge

Verizon has about 100,000 employees. The planned cuts are part of an aggressive strategy that Schulman recently unveiled to reclaim market share

UK enlists 60 big employers in drive to improve occupational healthcare

Aviva, Phoenix, EY and Google are among more than 60 large businesses taking part in a trial that aims to establish the best ways to cut sickness absence and improve return-to-work rates

Amazon job cuts show how AI may upend India's white-collar future

As the economy struggles to move from lower-middle to higher-middle income, AI is threatening its biggest advantage: the youth bulge it enjoys against other countries that are rapidly aging