Layoffs / Restructuring

Nationwide bank strike: Why unions are protesting, what they want; 10 things to know

Public sector banks across India are experiencing widespread disruption due to a nationwide strike called by the United Forum of Bank Unions (UFBU). Employees are demanding the immediate implementation of a five-day work week, a request that remains unformalised by the government. The strike is expected to impact branch services for five consecutive days, compounded by upcoming holidays.

Layoffs / Restructuring

Bank strike today: Are public sector banks open for customers?

Public sector bank operations face nationwide disruption Tuesday as unions strike for a five-day work week. Conciliation talks failed, leading to the strike after banks were already closed for the weekend and Republic Day. This is expected to impact branch services for three consecutive days.

Layoffs / Restructuring

Capgemini to cut up to 2,400 roles in France as AI shift reshapes operations

Capgemini is preparing to reduce its workforce in France by as many as 2,400 employees as part of a broader restructuring exercise aimed at aligning the business with artificial intelligence-led demand and addressing softness in certain service lines. The planned reduction will be carried out largely through voluntary departures. The move will impact nearly 7 [...] The post Capgemini to cut up to 2,400 roles in France as AI shift reshapes operations appeared first on HR Katha .

Layoffs / Restructuring

Ola Electric Mobility shares tank 7%, down for 10th consecutive session. What’s triggering the fall today?

Ola Electric Mobility shares dropped significantly after CFO Harish Abichandani resigned, citing personal reasons. This marks the second executive departure in two months. The company also launched its first residential Battery Energy Storage System, 'Shakti', powered by its indigenous 4680 Bharat Cells, aiming to transform energy access for households and businesses.

Layoffs / Restructuring

1700+ PSAC jobs in Canada may be cut

Thousands working for Canada’s federal public service are at risk of being laid off. This isn’t altogether shocking because news of the government’s efforts to reduce the size of the public service during the November budget has already been out for sometime now. Media reports say that Public Service Alliance of Canada (PSAC) has sent [...] The post 1700+ PSAC jobs in Canada may be cut appeared first on HR Katha .