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Pallab Banerjee, MD & Group President of Pearl Global, said that many smaller textile players are likely to exit the business if the situation does not improve soon, which could lead to job losses and some factory closures in India.
Sun Pharma Advanced Research Company (Sparc) has initiated a significant restructuring exercise that will see its overall workforce reduced by about 40 per cent, with the impact largely concentrated in the US. The company expects its employee strength to decline to 246 by FY27, compared with 409 employees in FY24. The reduction has been carried [...] The post Sparc to cut workforce by 40% as it reshapes operations appeared first on HR Katha .
Culver Max Entertainment, formerly known as Sony Pictures Networks India, is preparing to reduce its workforce by around 10 per cent as part of a wider restructuring and cost rationalisation exercise. The move is expected to affect nearly 120 employees across its India operations and is likely to be implemented from the next financial year. [...] The post Culver Max Entertainment plans 10% workforce reduction amid cost reset appeared first on HR Katha .
Ubisoft has decided to shut down its mobile gaming studio in Halifax, Nova Scotia, marking another step in the French video game publisher’s ongoing global restructuring efforts. The closure affects the studio’s entire workforce, which includes developers, artists, designers, producers, researchers and quality testers. Reportedly, the decision is linked to streamlining its business and reducing [...] The post Ubisoft shuts Halifax Mobile Studio amid global restructuring push appeared first on HR Katha .
Microsoft has quashed rumours regarding 22,000 job cuts this month. Frank Shaw, chief communications officer, Microsoft, has clarified on social media that the news of layoffs was wrong and that no official confirmation of the same can be given. The cuts were reportedly expected to affect employees in the Azure cloud services, the Xbox gaming [...] The post Is Microsoft really cutting 22,000 jobs? appeared first on HR Katha .
Cloudhead Games, the virtual reality studio best known for the hit rhythm shooter Pistol Whip, has announced major job cuts that will see around 70 per cent of its workforce rendered redundant. The layoffs are scheduled to take effect on 7 January, 2026, marking one of the most significant restructurings in the studio’s history. The [...] The post Cloudhead Games to lay off 70% of workforce appeared first on HR Katha .
A civil court in Chhatrapati Sambhajinagar has directed a former employee of the Maharashtra State Road Transport Corporation (MSRTC) to repay over Rs 10.26 lakh along with interest and compensation. The court found him guilty of misappropriating public funds collected from student concession passes. The order was passed on 1 January by the 5th Joint [...] The post Court orders dismissed MSRTC employee to repay Rs 10.26 Lakh in fraud case appeared first on HR Katha .
Many lenders offer provisions for such situations, including temporary relief options like EMI moratoriums or loan restructuring plans.
Artificial intelligence (AI) is steadily transforming how companies operate, but its expanding use is also creating uncertainty for employees across industries. Even as the global economy is expected to remain broadly stable, job security may continue to be under pressure in 2026 as businesses rely more on automation to manage costs and improve efficiency. As [...] The post Goldman Sachs flags continued AI-led job cuts through 2026 appeared first on HR Katha .
A woman who was appointed by the Rajasthan government in 2000, was removed from her job two years later, in 2002, when she was arrested in a cheating case (under Section 420 of the IPC). Later, in 2011, the criminal court cleared her of all charges. The said employee had challenged her dismissal in the [...] The post Employee terminated 23 years ago, reinstated post acquittal appeared first on HR Katha .
European banks reportedly plan major job cuts as AI and automation reshape operations
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 .
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