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Citigroup advances workforce reset as transformation plan gathers pace
Citigroup has announced another round of job reductions, cutting around 1,000 roles this week as it accelerates a sweeping multi-year transformation aimed at reshaping the bank’s cost structure and operating model. The move is part of a larger plan to reduce the global workforce by nearly 20,000 positions by the end of 2026, underscoring the [...] The post Citigroup advances workforce reset as transformation plan gathers pace appeared first on HR Katha .
Wipro down 8%; Reliance and ICICI Bank top drags
Ola Electric CFO exits, co names successor
Microsoft quietly winds down employee access to news and library resources
After reducing its workforce by roughly 15,000 roles last year, Microsoft has introduced another understated but significant change. Many office-based employees no longer have access to internal library services or paid business and technology news subscriptions, marking a noticeable shift in how the company supports learning and research at work. The move began quietly late [...] The post Microsoft quietly winds down employee access to news and library resources appeared first on HR Katha .
Top Indian IT Firms Added Only 17 Employees in Last 9 Months
TCS was the biggest drag overall after cutting 25,816 jobs, while Infosys, Wipro and HCLTech added employees. The post Top Indian IT Firms Added Only 17 Employees in Last 9 Months appeared first on Analytics India Magazine .
Citi CEO Jane Fraser warns of more job cuts, looks to 'raise the bar'
Citigroup, a New York-based bank whose performance has long lagged below that of other major US lenders, has made streamlining the business and reducing waste a top priority. The bank has undergone a makeover under Fraser, who took over in 2021. This includes reorganising its core business and selling off a large portion of its foreign retail division.
TCS job cuts now bigger than the entire workforce of many Nifty 50 firms
Elevation Capital-Backed AI Startup Alle Shuts Shop
HCLTech Cuts Net Jobs, Adds 2,852 Freshers in Q3 As Revenue Jumps 13%
TCS Q3 Results: Attrition Rises To 13.5%, Headcount Down By Over 11,000
TCS Headcount Falls by 11,151 Even as AI Workforce Crosses 2,17,000 in Q3
Heineken CEO Dolf van den Brink steps down as slumping beer sales hurt brewer
Textile exporters struggle as US tariff pain drags on
Sparc to cut workforce by 40% as it reshapes operations
Culver Max Entertainment plans 10% workforce reduction amid cost reset
Ubisoft shuts Halifax Mobile Studio amid global restructuring push
Is Microsoft really cutting 22,000 jobs?
Cloudhead Games to lay off 70% of workforce
Court orders dismissed MSRTC employee to repay Rs 10.26 Lakh in fraud case
Lost Your Job? 5 Smart Ways To Manage Personal Loan EMIs Without Panic
Goldman Sachs flags continued AI-led job cuts through 2026
Employee terminated 23 years ago, reinstated post acquittal
AI Can Reportedly Take Away More Than 2 Lakh Banking Jobs by 2030
European banks reportedly plan major job cuts as AI and automation reshape operations
Sapiens to witness layoffs, leadership changes, HQ shift
Post its recent acquisition by Advent, the American private equity major, Sapiens is witnessing a complete rehaul. The restructuring exercise will see the global headcount of Sapiens, the provider of intelligence insurance software solutions company, being reduced by 15 per cent. That means at least 700 roles will be eliminated as part of the endeavour [...] The post Sapiens to witness layoffs, leadership changes, HQ shift appeared first on HR Katha .