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Strategy News
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Hyderabad to be home to McDonald’s global office in India
- McDonald’s will set up its global office in Hyderabad, India.
- The move will contribute to the growth of the agricultural economy by sourcing products from local farmers and provide employment opportunities.
- Hyderabad was chosen for its infrastructure, talent pool, and standard of living over other cities like Bengaluru.
- The initial office will have 2,000 employees and McDonald’s plans to add at least three outlets every year in Telangana.
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6,000 jobs to be cut at Siemens amidst poor demand, cost-cutting efforts
- Siemens is preparing to trim its global workforce by about 6,000 employees. About 50 per cent of the cuts will happen in Germany as the company tries to cut costs amidst slowing demand and market conditions.
- About 5,600 jobs roles will be axed in total in the Digital Industries unit by the end of fiscal 2027, of which 2,600 jobs will be axed in Germany itself.
- Siemens’ charging business will cut about 450 jobs in 2025 itself, with 250 jobs being cut in the company’s domestic market.
- Siemens employs about 3.12 lakh people, globally, and layoffs had been hinted at in November of 2024.
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Indian humanoid robotics firm to generate 150 jobs in 2 years
- Indian humanoid robotics startup, iHub Robotics, has raised Rs 4.3 crore in pre-seed funding.
- The company will establish a humanoid robotics-manufacturing facility in Kerala.
- Their aim is to make India a global leader in robotics and AI-driven automation.
- The facility will create at least 150 jobs over the next two years.
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Opportunities for techies at Infosys; large-scale lateral hiring planned
- Infosys is planning a large-scale lateral hiring to fill vacant tech positions.
- The company is seeking experienced techies with skills in cloud computing, automation testing, cyber security, Java Python, dotnet, and Android/IoS development.
- The hiring is based on ongoing project requirements and upcoming projects, although the exact number of hires is not disclosed.
- Interested candidates have been asked to provide their city preferences and interview locations.
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Is IBM trimming workforce again?
- IBM is reportedly laying off thousands of employees across the US, affecting about a fourth of its Cloud Classic (IaaS) team.
- Consulting, cloud infrastructure, sales, and CSR teams may also be impacted. While no official numbers are available, reports suggest IBM is shifting work to India.
- Earlier in 2024, IBM quietly cut senior-level roles in sales, programming, and support, with employees bound by NDAs.
- In Q1 2023, IBM spent $300M on workforce rebalancing and expected $400M for 2024. In August, IBM shut down R&D labs in China, impacting at least 1,000 jobs.
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Why OKR is a smarter alternative to Musk’s task reporting
- Elon Musk's recent endorsement of task reporting is critiqued as an outdated and counterproductive management tool that reduces employees to mere validations of their worth.
- Task reporting clashes with the values of Gen Z workers in India, who prioritize autonomy, creativity, and purpose in their work.
- It creates a culture of distrust and fails to capture the real value of knowledge work, hindering creativity and innovation.
- OKRs (Objectives and Key Results) emerge as a smarter alternative to task reporting, focusing on outcomes, accountability, and ownership.
- OKRs offer flexibility, inspire innovation, and align personal growth with organizational goals, appealing to the autonomy-seeking Gen Z employees.
- They promote a culture of trust and collaboration, emphasizing outcomes, innovation, and collective success over micromanagement.
- In Indian workplaces, OKRs streamline managerial processes, enabling more time for strategic leadership, mentoring, and driving innovation.
- By fostering unity and purpose, OKRs align with the Indian ethos of collective problem-solving and teamwork in knowledge-driven industries.
- Embracing OKRs over task reporting ensures a more innovative, engaged, and competitive workforce in India and globally.
- The future lies in empowering employees to create meaningful impact, prioritizing trust, creativity, and empowerment, and rejecting control-based management practices like task reporting.
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People analytics platform raises €2.3M in pre-seed funding
- peopleIX, an advanced people analytics platform, has raised €2.3 million in pre-seed funding.
- The funding will be used to build a central intelligence layer for workforce data and integrate data across HR systems into a single platform.
- This platform aims to empower HR teams with real-time insights and predictive analytics for timely decision-making and strategic business enablers.
- The funding will also help peopleIX expand its offerings and strengthen its presence in Europe.
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‘No Work No Pay’ principle can’t apply if employer has erred: Calcutta HC
- The Calcutta High Court recently observed that if the employer is found to be at fault, the 'No Work No Pay' principle cannot be applied to deny an employee what is rightfully his.
- The case involved a retired employee of the Kolkata Municipal Corporation (KMC) who was denied arrears based on the 'No Work No Pay' principle.
- The Calcutta High Court ruled in favor of the retired employee, ordering KMC to clear all salary arrears and re-fix the employee's financial benefits in line with the set rules.
- The court stated that the mistake made by the employer exempts the application of the 'No Work No Pay' principle.
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“Focus on Tesla or give up CEO position”: Tesla investor to Musk
- Tesla investor, Ross Gerber, urges Elon Musk to focus on Tesla or give up CEO position.
- Gerber believes that Musk is neglecting his duties at Tesla and is too preoccupied with his role as head of the Department of Government Efficiency.
- Tesla is currently facing a crisis, with falling sales and market value, and Gerber thinks a new CEO is needed to run the company effectively.
- Gerber is concerned about the negative impact that Musk's distractions and DOGE's activities have had on Tesla's reputation.
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Deutsche Bank to axe 2,000 jobs in pursuit of profitability
- Deutsche Bank is set to axe 2,000 more jobs in pursuit of profitability.
- The bank previously laid off 3,500 support staff in 2024 in an effort to cut costs.
- The current job cuts will primarily affect the personal bank and its subsidiary, Postbank.
- Deutsche Bank's CEO, Christian Sewing, aims to increase profitability by trimming the retail banking division.
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Mount & Blade 2: Bannerlord's first bit of DLC is all about taking the lads out on a not-so-nice boat trip
- The strategy action game Mount & Blade 2: Bannerlord will be getting its first DLC, War Sails.
- War Sails introduces a Viking-inspired faction and boat-related gameplay features.
- Players will have to navigate wind and water physics and engage in naval combat.
- The DLC will be released on June 17th, with additional free updates planned.
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Deel faces corporate espionage allegations in Rippling lawsuit
- San Francisco-based HR tech unicorn Deel is facing serious allegations of corporate espionage in a lawsuit filed by competitor Rippling this week.
- The lawsuit accuses Deel of stealing trade secrets and conspiracy to violate the Racketeer Influenced and Corrupt Organizations (RICO) Act.
- Rippling claims that Deel cultivated a spy within their company who conducted suspicious searches and obtained confidential business intelligence.
- Both companies are major players in the human capital management (HCM) software market, and this legal battle could have far-reaching implications for the HR tech sector.
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It's turtle time: Endless Legend 2's first faction is the fortification-loving Kin of Sheredyn
- Endless Legend 2's first faction, the Kin of Sheredyn, is designed for turtlers who enjoy defensive playstyles and building up cities.
- The Kin focuses on entrenchment mechanics, where fortified cities unlock bonuses and abilities, supporting defensive gameplay.
- Ancestors of the Kin were bodyguards in Endless Space 2, now stranded on Saiadha, emphasizing their defensive nature.
- The faction promotes tall growth over wide expansion, prioritizing city fortification and population happiness.
- Entrenchment system gauges fortifications across cities, providing economic bonuses and unique abilities like holy commandments.
- Holy commandments are active abilities with sci-fi-fantasy elements, such as instant resource excavation and orbital cannon strikes.
- Chosen elite warriors allow deploying holy commandments beyond borders, but are limited in numbers.
- Kin units gain shield bonuses for staying together in battles, encouraging tactical formations and defensive strategies.
- Fighting the Kin involves breaking formations, utilizing units with pushing abilities and area of effect attacks.
- Endless Legend's narrative focus introduces Commander Garin's mysterious disappearance, adding depth to the Kin's storyline.
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Over 110 players and 10,000 units clash as this free RTS celebrates its growing multiplayer scene with some of the biggest multiplayer battles ever fought
- Beyond All Reason, an indie RTS, hosted mega-scale battles with over 110 players and 10,000 units.
- The game celebrated its growing multiplayer scene with some of the biggest multiplayer battles ever fought.
- Despite the strain on older PCs, the game's robust netcode handled the large matches surprisingly well.
- Beyond All Reason is a free game inspired by Total Annihilation and Supreme Commander, with a planned solo campaign and a Steam release in the future.
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8.23 lakh new subscribers enrolled by EPFO in 2025
- The net payroll addition in January 2025 was 11.48% more compared to December 2024, according to EPFO.
- 8.23 lakh new members were enrolled by EPFO in January 2025, with 2.17 lakh women among them.
- Over 57% of the new subscribers belonged to the 18-25 age group.
- The net payroll addition in January 2025 increased by 11.67% compared to the same time last year.
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