Latest News, Updates & Breaking Headlines
FILE Picture (AP Photo/Jason Redmond, File) Microsoft is planning its first voluntary employee buyout in the company’s 51-year history. According to a memo, Microsoft is offering voluntary retirement to thousands of its employees in the US. Microsoft has never previously done buyouts of this scale. As per the report, about 7% of Microsoft’s workforce in…
The Bill & Melinda Gates Foundation has started informing its employees about upcoming layoffs, reports the Wall Street Journal. According to the publication, the Foundation has sent a memo to its staff informing them to cut up to 500 jobs, or roughly 20% of its workforce. For those unaware, Gates has previously announced plans to…
Tim Cook wrapped up 15 years as Apple’s CEO with a tidy thesis. Speaking at an all-hands meeting inside the Steve Jobs Theater on Tuesday, the outgoing chief told employees that three conditions had to be true before he could pass the baton—the business had to be firing, the product pipeline had to be loaded,…
ASML, the Dutch chip equipment maker that holds a global monopoly on the machines used to manufacture advanced semiconductors, is cutting roughly 1,700 jobs—about 4% of its 44,000-person workforce. The layoffs, announced in January alongside record full-year revenue of €32.7 billion, are targeting management and coordination roles, not engineers.Internal documents obtained by Business Insider show…
FILE – Representative Image (AP Photo/Jeff Chiu, File) Mark Zuckerberg‘s Meta Platforms has reportedly sent a memo to all employees saying that Meta is installing a new tracking software on the computers of all employees in the United States so it can train its AI. According to a report in Reuters quoting an internal memo…
Google co-founder Sergey Brin has reportedly urged DeepMind employees to focus on improving AI agents. This directive comes as the Alphabet-owned company works to advance its automated coding and research capabilities. In a recent internal memo, Brin emphasised the need for urgency in closing the gap in agent-based AI systems designed to handle multi-step tasks,…
National and festival holidays are largely decided at the State level. Employers are expected to follow notified holiday lists. (AI image) Leave is often seen as a simple workplace benefit – an approved absence from work. In reality, it is one of the more structured and regulated aspects of employment in India. With the implementation…
Apple CEO Tim Cook has announced that he will step down later this year, transitioning to the role of executive chairman of the board. In a memo to the employees, Cook reflected on his 15-year long journey, leading the company after being asked by Apple founder Steve jobs to take on the role on 2011….
Apple has named John Ternus as its next chief executive, ending Tim Cook’s 15-year run at the top of the world’s most valuable consumer technology company. Ternus takes over on September 1, with Cook shifting into the role of executive chairman. the keys to John Ternus. The hardware engineering chief, who has spent 25 years…
A 26-year-old woman employee accused in a case of alleged “religious harassment” at the Tata Consultancy Services (TCS) Nashik office has moved the Nashik Road Sessions Court seeking anticipatory bail, citing pregnancy among the grounds for relief. NASHIK: A 26-year-old woman employee accused in a case of alleged “religious harassment” at the Tata Consultancy Services…
