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Wednesday, June 18, 2025 1:00 AM

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Google Introduces Voluntary Buyouts Amid Ongoing Cost-Cutting Measures

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In its continued efforts to streamline operations, Google has initiated a new round of voluntary buyouts for employees across multiple departments, including search, advertising, research, and engineering, according to both company sources and media reports. Although the exact number of employees affected remains undisclosed, this move marks an expansion of a voluntary exit program that was previously rolled out to certain U.S.-based teams earlier this year. Google spokesperson Courtenay Mencini confirmed that additional teams have now joined the initiative, which includes severance packages aimed at supporting the company’s strategic priorities going forward. In a related development, the tech giant is also encouraging remote employees living near Google offices to transition to a hybrid work model. “This is part of our ongoing effort to foster more in-person collaboration,” Mencini noted. The latest restructuring step follows Google’s larger workforce reduction in 2023, when the company laid off approximately 12,000 employees in response to declining demand for online services post-pandemic. Source: Associated Press  

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Andhra Pradesh Govt Approves 10-Hour Workday Amid Widespread Protests

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In a controversial move, the Andhra Pradesh government, led by the Telugu Desam Party (TDP), has given the green light to increase the standard workday from nine to ten hours across all private industries and factories. The decision, part of the state’s broader strategy to boost industrial growth and improve its Ease of Doing Business (EoDB) credentials, has sparked strong opposition from workers’ unions and political critics. Previously, the legal daily work limit in the state stood at eight hours before being increased to nine nearly a decade ago. The new amendment, which has been cleared by Chief Minister N. Chandrababu Naidu’s cabinet, now pushes that limit further, raising concerns about worker exploitation and fatigue. Information and Public Relations Minister K. Pardhasaradhi defended the move, stating that easing labour regulations would make Andhra Pradesh more attractive to investors and manufacturers. However, unions and opposition leaders have condemned the changes. V. Srinivasa Rao, State Secretary of the Communist Party of India (Marxist), criticized the decision, alleging that it was made under pressure from the central government to cater to corporate interests. “These amendments strip workers of their rights and reduce them to the status of modern-day slaves,” he said. Rao also highlighted the unfortunate timing of the decision, coming just weeks ahead of a nationwide labour strike on July 9 protesting such reforms. The Andhra Pradesh Factories Act previously restricted adult workers to a nine-hour day, with a mandatory 30-minute break after five hours of continuous work. Unions fear the new policy may allow factory management to unofficially stretch shifts beyond ten hours, possibly to 12 or more, under the guise of extended scheduling. Additional amendments include major changes to overtime and night shift regulations. Overtime eligibility has now been revised upward, from 75 to 144 hours, meaning workers will receive extra pay only after crossing this higher threshold. The government has also lifted restrictions on night shifts for women, with the provision of an extra paid holiday now left to the employer’s discretion rather than being a guaranteed benefit. Critics argue that these changes not only reduce worker protections but also jeopardize their health and wellbeing. “Pushing people to work beyond eight hours a day can have serious consequences on physical and mental health,” warned Dr. T. Seva Kumar, a general physician. As public backlash intensifies, the government’s attempt to court industrial investment is being met with growing resistance from labour organizations and civil society, who see the move as a step backward for workers’ rights. Source: Economic Times Photo Credit: HT

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Nestlé India Sees Dip in Permanent Workforce Despite Higher Investments in FY25

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Nestlé India, the company behind popular brands like Maggi, Nescafé, and KitKat, reported a 3.8% decline in its permanent employee count during the financial year 2024-25 (FY25), even as it ramped up capital expenditure and focused on expanding its operational capabilities. The number of permanent, on-roll employees dropped to 8,419 in FY25 from 8,736 in the previous fiscal. Despite the reduction in headcount, the company saw an overall increase in employee compensation. The median salary hike for employees stood at 4.9%, with non-managerial staff receiving a 5.2% raise, while managerial personnel saw a 3.5% increase in their pay, according to the company. Nestlé India, which crossed ₹20,000 crore in annual sales in FY25, significantly boosted its capital expenditure over the years. Outgoing Chairman and Managing Director Suresh Narayanan highlighted that capex has surged from 1.8% of sales in 2015 to 10% in FY25, indicating the company’s commitment to long-term growth and infrastructure development. The company has also laid out a succession plan with Manish Tiwary appointed as the new Managing Director and Director for a five-year term beginning August 1, 2025. Prior to that, he will serve as Managing Director (Designate) from February 1, 2025, and will take on the role of Key Managerial Personnel starting April 24, 2025. Tiwary received a total remuneration of ₹29.94 million for his two-month stint in FY25. Additionally, he was paid a lump sum joining bonus of ₹151.96 million to compensate for long-term incentives forfeited from his previous employer. Meanwhile, outgoing CMD Suresh Narayanan earned ₹23.47 crore in total remuneration for the fiscal year, underscoring Nestlé India’s commitment to rewarding leadership even amid operational adjustments. This shift in workforce strategy comes as the company continues to invest heavily in capacity building while streamlining its human resource structure. Source: PTI

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Myntra Generates Over 20,000 Jobs Ahead of EORS 22 to Bolster Supply Chain and Customer Support

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In preparation for the 22nd edition of its End of Reason Sale (EORS), fashion e-commerce leader Myntra has announced the creation of over 20,000 jobs through its partner ecosystem. The large-scale hiring drive aims to meet the anticipated surge in demand during the mega shopping event, which kicked off on May 31. These roles span logistics, customer support, and last-mile delivery operations, playing a critical role in ensuring a smooth and seamless shopping experience for millions of customers across the country. Myntra has onboarded a diverse and inclusive workforce, with 22% of the warehouse staff being women, performing essential tasks such as sorting, grading, and packing at its fulfillment centers located in Bengaluru, Mumbai, Kolkata, and Delhi. The expanded team includes individuals from across India, reflecting strong geographic diversity, with hires from Arunachal Pradesh, Assam, Bihar, Chhattisgarh, Jharkhand, Mizoram, Odisha, Tripura, West Bengal, Himachal Pradesh, Punjab, Rajasthan, Uttar Pradesh, and Uttarakhand. Out of the total new hires, approximately 4,500 delivery executives and 1,000 customer service professionals have been specifically added to strengthen last-mile delivery and the customer care workforce, ensuring faster service and resolution during the high-demand period. Myntra’s distribution network, including its robust warehousing capabilities and the Myntra Extended Network for Service Augmentation (MENSA)—a last-mile delivery network powered by local Kirana partners—will be pivotal in servicing nearly 98% of India’s serviceable pincodes during EORS 22. “This expansion of our workforce is a reflection of our unwavering commitment to prioritizing our customers during one of the biggest sale events of the year. We are especially proud of the increased participation of women and the inclusive representation from across India,” said Govindraj MK, Chief Human Resources Officer at Myntra. With the hiring boost and operational reinforcements, Myntra is poised to handle increased traffic and order volumes while delivering a smooth, reliable shopping experience. Source: PTI

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Accenture Names Parived Bhatnagar as Head of HR for EMEA and Advanced Technology Centres in India

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Accenture has announced the appointment of Parived Bhatnagar as the Head of Human Resources for its Europe, Middle East and Africa (EMEA) operations and its Advanced Technology Centres in India (AIOC). Bhatnagar shared the news on LinkedIn, expressing enthusiasm for his new role: “I’m happy to share that I’m starting a new position as Head HR, EMEA, AIOC at Accenture!” In this expanded leadership capacity, Bhatnagar will work closely with regional business leaders to drive organisational transformation, align talent strategy with business goals, and support growth across the EMEA region. He will lead a team of 50 HR professionals overseeing the full employee lifecycle for more than 30,000 employees. As a key member of Accenture’s India HR Leadership Council, Bhatnagar will also contribute to shaping the broader HR strategy across regional and global teams. Bringing over 20 years of diverse HR experience, Bhatnagar has held senior positions across South Asia, the Middle East, Southeast Asia, and North America. His expertise spans strategic HR, M&A integration, organisational development, HR tech, and workforce transformation. He has worked with a broad range of clients—from global enterprises to high-growth companies—across industries such as IT/ITES, manufacturing, BFSI, telecom, retail, healthcare, and energy. Bhatnagar holds a postgraduate degree from the Delhi School of Economics, University of Delhi. His strong academic foundation and global career trajectory make him well-equipped to lead HR initiatives at a time when organisations are reimagining the future of work amid rapid technological evolution. Prior to rejoining Accenture, Bhatnagar served in leadership roles at renowned firms such as Aon Hewitt, Deloitte, and SAP, where he played a crucial role in building people strategies and delivering large-scale HR transformation programmes. His appointment underscores Accenture’s continued emphasis on building agile, people-focused HR leadership to navigate the complexities of today’s global talent landscape. The decision also signals the company’s commitment to strategic, region-specific workforce planning and innovation in talent management. Source: LinkedIn

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Mankind Pharma Names Dapinder Singh Narula as GM – Human Resources

Mankind Pharma has appointed Dapinder Singh Narula as its new General Manager – Human Resources, where he will spearhead Talent Management initiatives for the company. He will operate from Delhi and report directly to Prateek Dubey, the Global CHRO of Mankind Pharma. Narula brings with him over 15 years of diverse HR experience. Prior to joining Mankind Pharma, he played a key leadership role at Jubilant FoodWorks, overseeing Talent Management, Performance, Learning & Development, and HR Business Partnering functions. His professional journey also includes stints at leading organizations such as Max Life Insurance, Adani Enterprises, Larsen & Toubro, and Ericsson. Academically, he holds a B.Tech in Electronics and Communication Engineering from NIT Jalandhar, and an MBA in Human Resources from XIM Bhubaneswar. Source: Economic Times

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Vedanta Sets Ambitious Gender Inclusion Goal: Aims for 30% Women Workforce by 2030

In a significant move towards gender parity, Vedanta has unveiled its vision to boost the participation of women in its workforce to 30% by the year 2030. This bold initiative underscores the company’s determination to lead change in India’s male-dominated metals and mining sector. Currently, women make up 21% of Vedanta’s total workforce, with an impressive 28% representation in leadership roles—well above the global average of 8% for leadership in this sector, as cited by the World Bank. Madhu Srivastava, Chief Human Resources Officer at Vedanta, remarked, “The metals and mining industry has historically resisted gender diversity. We are determined to reshape that legacy. Inclusion must be foundational, not an afterthought. Our focus is not only on representation but also on enabling women to be key drivers of change.” Vedanta’s approach to inclusion goes far beyond hiring quotas. The company is actively working to eliminate both societal and organizational barriers that hinder women’s advancement—especially for those balancing careers with family life. Support systems include hybrid working models, flexible scheduling, a 12-month maternity sabbatical, spouse-hiring opportunities, and integrated township facilities such as crèches, schools, hospitals, and recreational zones to support women at all life stages. Real-world examples from Vedanta’s operations showcase the tangible outcomes of this commitment. At its aluminium smelter in Jharsuguda, Odisha—home to the world’s largest aluminium potline—operations are managed entirely by women, reflecting a deliberate strategy to put women at the core of innovation and operational excellence. Dr. Kavita Bhardwaj, Deputy CEO of Hindmetal Exploration, exemplifies this progress. She leads critical mineral exploration in India while successfully balancing her professional and personal roles, attributing her success to Vedanta’s supportive and empowering environment. Further illustrating its inclusive ethos, Vedanta has trained all-women underground mine rescue squads at Rajpura Dariba and Rampura Agucha, equipping them with skills in CPR, fire response, and SCBA operations. Additionally, the company’s all-women security force, Durga Vahini, comprised of recruits from rural Rajasthan, now safeguards 38 oil fields—marking a groundbreaking advancement in both industrial safety and rural women’s empowerment. With this initiative, Vedanta is not only transforming its own culture but also setting a new benchmark for gender diversity in heavy industries across India. Source: Economic Times  

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McDonald’s to Launch Major Summer Hiring Drive with 375,000 New Jobs Across the U.S.

In one of its most ambitious hiring efforts in recent years, McDonald’s announced plans on Monday to recruit up to 375,000 new employees across its U.S. restaurants this summer. The initiative marks the fast-food giant’s largest seasonal workforce expansion since 2020. This massive recruitment push, which will include positions at both company-owned and franchised outlets, comes as McDonald’s gears up for continued U.S. growth. The company currently operates over 13,500 restaurants nationwide and aims to add 900 new locations by 2027. U.S. Labor Secretary Lori Chavez-DeRemer joined McDonald’s U.S. President Joe Erlinger at a restaurant near Columbus, Ohio, to announce the hiring campaign. She praised the move, saying it would “create a ripple effect of prosperity” by supporting workers, energizing communities, and setting a growth benchmark for the industry. Importantly, McDonald’s clarified that the roles being offered are permanent, not just temporary summer jobs. However, due to the naturally high turnover in the fast-food sector, the company doesn’t anticipate a significant net increase in its current U.S. workforce of approximately 1.1 million. The company’s previous major hiring surge came in 2020, when it added 260,000 workers to support the reopening of locations closed during the early stages of the pandemic. This year’s recruitment effort is viewed as a positive sign that restaurant traffic and consumer confidence may be on the rebound. McDonald’s did report a 3.6% drop in U.S. same-store sales during the first quarter of 2025—its sharpest decline since the pandemic began. The downturn was attributed to economic pressures, with lower- and middle-income customers reducing fast food spending amid inflation concerns. Still, the broader food service industry seems equally optimistic. According to the National Restaurant Association, restaurants and bars in the U.S. added over 46,000 jobs in March and April, and Chipotle recently shared plans to bring on 20,000 new team members. The announcement also marked the 10th anniversary of McDonald’s Archways to Opportunity program, which provides tuition assistance, English language training, and career development services. Since its inception, the program has supported over 90,000 employees and contributed $240 million in educational aid. One such beneficiary, Anamaria Monterroso, who has worked at McDonald’s for eight years, credited the program for helping her pursue a degree in human resources at Colorado Technical University. “Working in fast food doesn’t mean giving up on your dreams,” she said. With this robust hiring initiative, McDonald’s is not just expanding its operations—it’s reaffirming its role as a major employer and career enabler in the U.S. economy. Source: AP Image credit: Getty Images    

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IBM Integrates AI to Streamline HR Operations, Replaces 200 Roles

In a significant move toward embracing artificial intelligence (AI), IBM has begun a strategic overhaul of its internal processes, leading to the replacement of around 200 human resources (HR) positions with AI-powered systems. This development reflects a broader industry shift where automation is being leveraged to handle repetitive administrative tasks, freeing up human workers to focus on more strategic and client-centric responsibilities. According to reports from industry insiders, the tech giant has already automated several HR functions such as employee verification and internal job transfers. These changes are part of IBM’s vision to drive operational efficiency while simultaneously upskilling its workforce to thrive in an AI-integrated future. IBM’s CEO, Arvind Krishna, recently confirmed that hundreds of HR roles have been transitioned to AI agents. However, he emphasized that this transformation has not led to a decline in overall employment. On the contrary, the company has expanded its workforce in key areas like programming, marketing, and sales—fields that rely on critical thinking and interpersonal skills, and are thus less susceptible to automation. Strategic Shift Towards AI-Augmented Roles The decision to automate portions of the HR function is rooted in IBM’s broader objective of enabling employees to engage in higher-value work. By offloading routine tasks to AI, the organization aims to allow HR professionals to focus on strategic planning, employee engagement, and other complex functions that require human insight. Nickle LaMoreaux, IBM’s Chief Human Resources Officer, noted that the impact of AI on jobs is more about transformation than elimination. She clarified that while certain tasks will be automated, most roles will evolve rather than disappear—enabling professionals to work alongside AI tools that boost productivity and decision-making. Looking Ahead IBM anticipates that up to 30% of back-office roles, particularly those with minimal customer interaction, could be affected by AI within the next five years. This could influence approximately 7,800 positions globally. Nonetheless, the company remains committed to investing in talent across creative, analytical, and tech-driven domains—areas that continue to demand human ingenuity despite rapid advances in automation.   Source: The New Indian Express Image credit: Shutterstock  

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Biopharma M&A Activity Jumps 101% in Q1 2025, but Uncertainty Around Trump’s Policies Keeps Big Deals in Check

The global biopharmaceutical sector saw a sharp 101% surge in merger and acquisition (M&A) deal value in Q1 2025, reaching $37.7 billion—up from $18.8 billion in Q4 2024—according to GlobalData’s Pharmaceutical Intelligence Center Deals Database. Despite the growth, total deal value remains 32% lower than in Q1 2024, as political and economic uncertainty in the U.S. continues to deter large-scale transactions. The quarter featured four major billion-dollar deals, including Johnson & Johnson’s $14.6 billion acquisition of Intra-Cellular Therapies, Novartis’ $3.1 billion buyout of Anthos Therapeutics, GSK’s $1.15 billion acquisition of IDRx, and AstraZeneca’s $1 billion purchase of EsoBiotec. These deals were largely driven by big pharma players, with a strategic focus on oncology—the leading therapeutic area for M&A activity in the quarter. Yet, industry players are showing restraint. Concerns stem from President Donald Trump’s proposed pharmaceutical tariffs, budget cuts to federal health agencies, and delays in U.S. FDA drug approvals. These factors are making large, high-risk deals less attractive and have prompted a rise in bolt-on acquisitions—smaller, lower-risk transactions that can add value without extensive exposure. The current environment is particularly challenging for smaller biotech firms, many of which face funding difficulties and may turn to M&As as a strategic lifeline. While some companies are adopting a “wait-and-see” approach pending clearer policy direction, others are hopeful that the Trump administration—known for deregulation in its previous term—will eventually loosen regulatory constraints, potentially reinvigorating large-scale deal-making. The outlook for biopharma M&As in 2025 remains mixed: growth is evident, but full momentum may depend on how U.S. policy evolves in the months ahead. For detailed insights, see GlobalData’s Pharma M&A Trends – Q1 2025 report. Source: pharmaceutical-technology.com

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