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Amazon and Target Prepare for Holiday Shopping Rush with Massive Hiring Spree

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Amazon and Target have announced their plans to boost their workforce for the upcoming holiday season. Amazon intends to hire a significant 250,000 full- and part-time employees, marking a 67% increase from the previous year. Similarly, Target has revealed its commitment to adding nearly 100,000 seasonal positions, maintaining the same number as last year. These …

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SAP Labs India Aims to Double AI Workforce by 2024 to Drive Business Evolution

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SAP Labs India, a branch of the renowned German software company SAP, has ambitious plans to double its workforce in India by 2024, with a specific focus on expanding its AI talent pool. This strategic move is driven by the evolving demands of the business landscape. SAP’s largest global research and development centre, based in …

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Capgemini Unveils its Tenth Employee Share Ownership Program

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Capgemini is taking significant steps to enhance employee development and performance by introducing a fresh Employee Share Ownership Plan (ESOP). This initiative is open to nearly 97% of the company’s workforce and will be implemented through a capital increase reserved exclusively for Capgemini employees, with a maximum allocation of 3,200,000 shares. Employees will have the …

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Chargebee Announces 10% Workforce Reduction Due to Market Shifts

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Chargebee, attributing market changes as the primary driver, has decided to lay off approximately 10% of its global workforce. This workforce reduction is expected to impact around 100 to 120 employees across various departments within the company. Chargebee now aims to focus on its upcoming phase of more streamlined expansion, which entails restructuring and concentrating …

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Microsoft Introduces Confidential ‘Impact Descriptors’ for Managerial Performance Assessments

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Microsoft has introduced a confidential performance-rating system called ‘impact descriptors,’ specifically designed for use by managers and not disclosed to employees. These ratings play a crucial role in determining employee compensation and bonuses, which Microsoft refers to as ‘rewards.’ The company emphasizes that these descriptors are distinct from traditional performance ratings or labels associated with …

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Airbus to Ramp Up Workforce in India with 5,000 New Employees

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Airbus, the renowned international aerospace firm, has unveiled plans to bolster its workforce in India, with a target of hiring an additional 2,000 engineers in the coming years. This strategic move aims to increase the company’s total headcount in India to an impressive 5,000 employees. Airbus has solidified this commitment through the signing of a …

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Wipro Grants 41,667 RSUs to Employees via ESOP, Empowering Workforce Ownership

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Wipro, in a recent official exchange filing, disclosed its issuance of 41,667 restricted stock units (RSUs) to its employees as part of its Employee Stock Ownership Plan (ESOP). These RSUs will be distributed to eligible employees according to a predetermined vesting schedule approved by the Nomination and Remuneration Committee of the Board. Over a specified …

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Flipkart Boosts Infrastructure and Workforce for Expansion

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Flipkart is actively pursuing its expansion plans by investing in infrastructure and building a highly skilled workforce. The company aims to utilize its Kirana delivery program for over 40% of its shipping operations. To support this initiative, Flipkart has increased its infrastructure by more than 19 lakh square feet in various states such as Uttar …

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Hindustan Coca-Cola Beverages to Train 25,000 Women in Financial and Digital Literacy

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Hindustan Coca-Cola Beverages (HCCB) has embarked on a mission to provide financial and digital literacy training to 25,000 women across India in collaboration with the Y4D foundation. This initiative aims to bridge the knowledge gap in financial matters and technology. The training will be conducted in classroom settings at various locations throughout the country. Through …

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Central Government Employees Anticipate 3% DA Hike as Inflation Soars

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In the latest developments, a significant number of central government employees are eagerly awaiting the forthcoming Dearness Allowance (DA) hike. According to recent data and reports, there is a strong likelihood that the government will announce a 3 percent increase in the current DA rate, which currently stands at 42 percent. The surge in retail …

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