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ED restitutes Rs 312 crore of Kingfisher Airlines to its former employees

NEW DELHI: A day after photos of Vijay Mallya‘s pre-birthday celebration in London surfaced, ED Thursday announced it had restituted Rs 312 crore of Kingfisher Airlines to its former employees towards long-pending dues.The amount was transf-erred to the official liquidator for disbursement to former employees of Kingfisher Airlines after the restitution was approved by Debt…

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Amazon announces biggest ever layoffs at its European headquarters; these employees affected the most

Amazon is cutting 370 jobs, or 8.5%, at its European headquarters in Luxembourg, impacting software developers most due to AI advancements. This is company’s biggest ever job cuts in the Europe, following global layoffs back in October and a negotiated social plan. Despite the reduction, Luxembourg remains a strategic European hub for Amazon, which continues…

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Why are employees quiet quitting? |

A new study reveals ‘quiet quitting,’ where employees do only the bare minimum, is on the rise. Researchers link this trend to a perceived lack of control, job dissatisfaction, and burnout, especially post-pandemic. Employers can combat this by giving employees a voice, autonomy, and ensuring their contributions feel valued, fostering a more engaged workforce. Are…

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AT&T CEO John Stankey says made mistake when told employees to Return to Office 5 days a week or leave; But the message was not wrong, instead…

AT&T CEO John Stankey admitted to a cultural transformation misstep, not for mandating a five-day office return, but for delaying its implementation. He revealed this at the WSJ CEO Council Summit, stating he should have prioritized cultural changes earlier. Stankey also highlighted AT&T’s push for AI adoption among employees, viewing skill development in this area…

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Amazon wants employees to call AI agents ‘Teammates’, not tools; Says: This is where the world’s workforce is…

Amazon is championing AI agents as autonomous coworkers, not just tools, predicting they’ll drive 80-90% of enterprise AI value. This vision emerges as Amazon cuts thousands of corporate jobs, sparking concerns about AI’s role in workforce displacement. Amazon is pushing a fundamental shift in how companies view artificial intelligence—not as software tools, but as autonomous…

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India’s Right to Disconnect Bill 2025 explained: Here’s why employees can now legally switch off like France, Italy, Portugal, and Australia

Right to Disconnect India. (AI Image) India’s parliament has seen the introduction of a new bill that grants employees the power to ignore work communications outside official hours. The Right to Disconnect Bill, 2025, targets the constant connectivity that blurs boundaries between professional and personal life. Employees gain the legal right to switch off from…

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8th pay commission: Govt shares major update in Lok Sabha after ToR notification; what’s next for employees and pensioners

More than 50.14 lakh Central government employees and around 69 lakh pensioners are set to be covered under the 8th Central Pay Commission (CPC), with the government saying the timing of implementation and funding will be decided later.The update was shared in the Lok Sabha on Monday in a written reply by Minister of State…

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AT&T sends letter to Trump government with a promise to end DEI, says: With over 110,000 employees in America, we are pleased to …

US wireless carrier AT&T has vowed to scrap diversity policies. In a letter to the US telecoms regulator, AT&T said that it has committed to ending diversity, equity and inclusion (DEI) programs. The Dallas-based telecom giant told FCC Chairman Brendan Carr in that the “legal landscape governing diversity, equity and inclusion (‘DEI’) policies and programs…

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One of the biggest Wall Street investors Michael Burry calls stock-based compensation for employees offered by Tesla, Google, Amazon and other tech companies as ‘penalizing…’

Legendary investor Michael Burry has slammed Tesla and tech giants for diluting shareholder value through stock-based compensation, arguing it’s unfairly excluded from earnings. He highlighted Tesla’s 3.6% annual dilution and Elon Musk’s massive pay package as prime examples. Burry, known for predicting the 2008 crash, believes these accounting practices mask true costs, urging investors to…

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