Page 3 - Workforce

Quess Corp throws its hat in GCC business to tap $105 bn market by 2030

The new business line, named Origint, will provide end-to-end services to help GCCs set up, scale, and operate high-performance centres across India and key international markets

Appeals court keeps block on Trump admin's downsizing of federal workforce

An appeals court on Friday refused to freeze a California judge's order halting the Trump administration from downsizing the federal workforce, which means that DOGE-led cuts remain on pause for now. The Republican administration had sought an emergency stay of an injunction issued by US Judge Susan Illston of San Francisco in a lawsuit brought by labour unions and cities, including San Francisco and Chicago. The judge's order questioned whether Trump's administration was acting lawfully in trying to pare the federal workforce. Trump has repeatedly said voters gave him a mandate to remake the federal government, and he tapped billionaire Elon Musk to lead the charge through the Department of Government Efficiency (DOGE). Tens of thousands of federal workers have been fired, have left their jobs via deferred resignation programmes or have been placed on leave. There is no official figure for the job cuts, but at least 75,000 federal employees took deferred resignation, and thousands

74% employees prioritise long-term benefits over bigger paychecks: Report

With rising cost-of-living pressures and evolving workforce expectations, a report has revealed shifting priorities with 74 per cent of respondents saying they prefer a slightly lower salary with stronger long-term benefits. Around 74 per cent of employees interviewed stated that they would choose a slightly lower salary in exchange for stronger long-term benefits such as health insurance, retirement planning, and education support, a report by staffing solutions and HR services provider Genius Consultants has revealed. The report by Genius Consultants is based on inputs from 1,139 employees across sectors pan India. It further found that currently only 32 per cent of employees felt that their current benefits package effectively supports their financial well-being, while over 61 per cent said their benefits were inadequate. Over 54 per cent of employees interviewed said their company does not prioritise mental and financial health while implementing wellness programs, said the ...

Women comprise around 20% of Isro workforce: VN Narayanan

ISRO chairman V Narayanan has said women employees comprise around 20 per cent of the workforce of the premier space research organisation and they are doing an outstanding job. He said the percentage of women employees in ISRO should go up to 40 per cent plus in the future. The ISRO chairman, who was speaking to reporters on the sidelines of a function organised by a private school here on Thursday said, "that in a country like India, having 50 per cent women population, the country cannot progress unless the women contribute in a significant way." Asked about the women workforce in ISRO, Narayanan said, "There are a lot of women employees. The women are doing an outstanding job and they should be encouraged in their contribution. Gradually the number should go up. Right now, maybe there are around 20 per cent women scientists but it should go up to 40 per cent plus." Talking about social reformer Rammohan Roy, he said Roy and other luminaries and polymaths had championed the caus

ICICI Bank unlikely to increase its headcount on a net basis in FY26

ICICI Bank may not increase its workforce in FY26 despite adding branches, as it focuses on realignment, efficiency and digitisation, says Macquarie conference note

Boeing lays off 180 people in India as part of global workforce reduction

US aircraft maker Boeing gave pink slips to up to 180 employees at its engineering technology centre in Bengaluru as part of a global workforce reduction exercise, according to a source. Boeing, which has been facing multiple headwinds globally, has around 7,000 staff in India, which is also a key market for the company. Last year, Boeing announced a global workforce reduction of around 10 per cent. The source aware of the development said as part of the global workforce reduction, up to 180 staff at the Boeing India Engineering Technology Center in Bengaluru were laid off in the December quarter of 2024. There was no official statement from Boeing. The source said strategic adjustments were made affecting limited positions while ensuring no adverse impact on customers or government operations. While some roles have been removed, new positions have also been created, the source said and added that reductions in India have been more measured, with a clear focus on maintaining cust

Morgan Stanley planning to lay off nearly 2,000 employees to trim costs

The reduction of 2 per cent to 3 per cent of the company's workforce, excluding financial advisers, was aimed at improving operational efficiency

Meta must face lawsuit claiming it prefers cheaper foreign workers

Meta, in a statement, said the allegations were baseless and it would continue to vigorously defend itself against them

Trump admin slashes 1,600 USAID jobs, places direct hires on leave

A federal judge ruled in favour of placing thousands of USAID workers on leave, dealing a blow to unions alleging the cuts would dismantle the agency

Meta raises executive bonuses to 200% amid layoffs, cost-cutting measures

The announcement to raise bonuses comes just a week after Meta began laying off 5 per cent of its workforce, a move the company attributed to targeting underperforming employees

Committed to 70% female workforce participation goal by 2047: Labour secy

India is committed to achieving 70 per cent female workforce participation by 2047 as the government has extended maternity leave, creche facilities, and equal pay provisions for them, a top official said. Addressing the first G20 Employment Working Group Meeting 2025 under South African Presidency, Union Labour Secretary Sumita Dawra also stated that India's increasing participation of women in high-growth sectors like IT, R&D, and engineering was noted as a critical driver of economic growth. Dawra led the Indian delegation at the meeting being held from February 18-21 at Port Elizabeth, South Africa, an official statement said. The delegation included Thelma John David, Consul General of India in Durban, South Africa, and Piyush Kumar Pathak, Deputy Director from Ministry of Labour & Employment. She emphasized the success of the e-Shram portal, which has registered over 300 million unorganized workers, and the modernization of ESIC and EPFO schemes. The Employment Linked ...

Sunrise sectors drive India's apprenticeship growth to record high: Report

Industries at the forefront of technological and economic transformation are increasingly turning to apprenticeships to build a skilled workforce, according to the latest Apprenticeship Outlook Report

Qcom to lead gig workforce hiring in 2025 amid expansion, rising demand

While qcom has emerged as a viable alternative, the overall investments and count of players in the segment will go up

Chevron to cut up to 20% of global workforce amid cost-saving push

At the same time, the company is facing weak margins in its refining business, which reported a loss in the fourth quarter for the first time since 2020

Welfare scheme benefits causing labour shortages in construction: L&T MD

Addressing the CII Mystic South Global Linkages Summit, L&T's MD noted that despite the crucial role of construction in national development, the industry is struggling due to a lack of workforce

Economic Survey sounds alarm on AI, calls for education-industry links

The survey highlighted that critical thinking, creativity, and deep domain expertise will soon outweigh narrowly focused technical skills

Andhra Pradesh govt to develop Data City near Vizag, create 2 mn jobs

In line with the Telugu Desam Party's election promise to create 2 million jobs within five years, the state government has unveiled plans to develop the Data City in Madhurawada

'My kid is never gonna grow up being smarter than AI': OpenAI's Sam Altman

Sam Altman says the next generation will grow up with AI that's smarter than us, transforming the way we work, live, and understand human potential

BCRC seeks RBI nod for five-day week, looks to attract skilled workforce

"While our dedication remains unwavering, this continuous seven-day schedule is proving unsustainable in the long run," the BCRC said in its submission to the central bank

BP cuts over 5% of workforce in CEO Murray Auchincloss' cost-cutting plan

BP CEO Auchincloss last year vowed to reduce the British company's costs by at least $2 billion by the end of 2026 as part of his drive to boost returns amid investor concerns