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SEBI alleges BluSmart and Gensol promoters Anmol and Puneet Jaggi diverted Rs 262 crore in EV loans for personal luxuries, including a Rs 43 crore Gurugram flat and a Rs 26 lakh golf set. In what could become one of the most serious cases of financial misconduct in India’s start-up ecosystem, promoters of EV cab

Although the company will not issue pay increases this year, it is focusing on merit-based advancements, ensuring that its top performers are recognised and retained.Tata Consultancy Services (TCS) is set to grant 1.1 lakh promotions in fiscal year 2025 (FY25), despite deferring its usual annual salary increments. This marks an unprecedented departure from the company’s

Microsoft’s security chief Charlie Bell, formerly a senior Amazon executive, is believed to be one of the key figures driving this approach within Microsoft. Microsoft is reportedly preparing for a fresh wave of layoffs in May 2025, with middle management roles set to be the most affected, as the tech giant seeks to reshape its

The professional services giant has revealed that its custom-built AI assistant, named Kai is also programmed to recommend relevant job openings based on a candidate’s location, experience, and stated interests. KPMG’s bold foray into AI for talent acquisition is already delivering significant results. The professional services giant has revealed that its custom-built AI assistant, named

We are committed to supporting affected employees through this transition by providing access to onsite HR support and a dedicated employee support line, said a spokesperson from Whirlpool. Whirlpool Corporation has confirmed that it will be laying off approximately 650 workers citing shifting consumer demand as the primary reason for the workforce reduction. The layoffs

The layoffs are scheduled to take place between May 9 and May 30, marking a significant workforce reduction. FedEx is set to be laying off over 200 employees, citing changes in its supply chain operations. The workforce reduction, detailed in a WARN (Worker Adjustment and Retraining Notification) Notice filed with the Tennessee Department of Labor

A person familiar with the situation noted that HSBC’s move was unexpected. “It’s very unlike HSBC,” they said. In a move signaling a tougher stance on costs, HSBC reportedly dismissed several investment bankers on the same day they were due to learn their bonus figures—without awarding bonuses to many of those let go. According to

These layoffs follow last week’s reported cuts within IBM’s Marketing and Communications division, which were disclosed in an internal meeting led by Senior Vice President Jonathan Adashek . IBM is reportedly laying off thousands of employees across multiple locations in the U.S., with its Cloud Classic division experiencing some of the most significant job cuts.

Amazon has already begun its 2025 layoffs in phases. In January, the North American Stores division lost 200 jobs, followed by reductions in the communications and sustainability teams. Amazon’s layoffs have been brewing since last quarter, but 2025 could bring a seismic shift. If industry whispers hold true, the e-commerce giant is preparing to cut

The announcement was made during a works meeting on March 17, 2025, where CEO Gernot Döllner addressed employees about the company’s strategy for maintaining efficiency and competitiveness in an increasingly challenging market. Luxury automaker Audi has announced a major restructuring plan, confirming that it will cut 7,500 jobs by 2029. The move, aimed at cost