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Infosys and Adobe join together to transform the digital workforce of the future

Infosys, a global leader in IT services, is collaborating with Adobe to improve digital skills through Infosys Springboard, its online learning platform. As part of Infosys’ Tech for Good initiative, this collaborative project intends to produce over 10,000 new globally certified Adobe experts by 2025. By granting free access to Adobe’s cutting-edge digital learning materials, …

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Apple is hiring people to work on generative AI

Apple has notably been absent from the generative AI (GenAI) arena, despite Microsoft and Google making some significant advancements in the AI field. As an indication that it intends to make a significant entry into the AI market, Apple has recently began employing top AI developers and GenAI specialists. Apple products will consequently face greater …

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Meta to lay off 6,000 more employees this week: Report

Starting this week, Meta is anticipated to let go of about 6,000 workers. The company already laid off 11,000 workers in November and announced the termination of another 10,000 workers in March 2023. As Facebook’s parent company, Meta has already laid off 4,000 employees, leaving 6,000 more people affected by the layoffs anticipated for May …

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Wipro allotted Company shares to employees following a salary increase

Information and technology company Wipro disclosed through an exchange filing on May 17 that it had granted eligible employees stock options for roughly 3,98,733 shares. In accordance with the ADS Restricted Stock Unit Plan of 2004 and the Restricted Stock Unit Plan of 2007, 3,96,893 shares were distributed. In order to recognise employees’ accomplishments and increase …

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Microsoft will not raise employee salaries this year: Report

Microsoft

According to an internal email sent by Microsoft Corp. CEO Satya Nadella, the company will not be increasing full-time staff salaries this year and will also be cutting back on its budget for incentives and stock awards. A request for comment from Reuters received no immediate response from the tech giant. The report quoted Nadella as …

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Cognizant to train 25,000 professionals as it broadens its AI partnership with Google Cloud

Cognizant

At the soon-to-be-opened Cognizant Google Cloud AI University, 25,000 Cognizant employees will receive training on Google Cloud AI technology. According to a statement from Cognizant, the institution would provide a range of courses, including basic AI introduction courses, advanced courses on Google Cloud’s products, and particular AI use cases. Tuesday saw the extension of the …

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Pension cannot be denied because of incorrect deductions: Supreme Court

According to a recent Supreme Court decision, an individual cannot be denied pension benefits just because their employer made incorrect deductions. Calcutta State Transport Corporation and others’ appeal was denied by the bench of Justices Abhay S. Oka and Rajesh Bindal. The appeal was filed in opposition to the High Court’s March 5, 2021 division …

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DGCA asks GoFirst to immediately cease all ticket sales

The crisis-hit Go First was directed by the aviation regulator, the DGCA, to immediately cease all direct and indirect ticket sales till further orders. The airline operator has been required to respond within 15 days of receiving the notice, and a decision will be made about the continuation of their Air Operators Certificate (AOC) based …

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Shopify announces sale of logistics business and 20% staff layoff

Shopify has announced that it will be selling the majority of its logistics operations to the supply-chain technology company Flexport, which will result in a 20% reduction in employment. Over 2000 workers at the company are thought to be impacted by the decision. The company will now be smaller as Flexport will shortly purchase their logistics …

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14 million jobs will vanish worldwide in the next five years: WEF Report

Over the next five years, the global job market will experience significant disruptions as the economy deteriorates and businesses increase their adoption of technologies like artificial intelligence (AI). According to CNN, the World Economic Forum reached that conclusion after surveying more than 800 companies for a report. The WEF, which annually holds a summit of …

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