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Thousands stage walkouts at Volkswagen plants to protest against job cuts
- Employees of Volkswagen and members of the IG Metall Union staged walkouts on 2 December, 2024 to protest against massive job cuts.
- Thousands of workers marched in different cities in Germany, including Zwickau, Hanover, and Wolfsburg.
- Volkswagen is considering closing some plants in Germany, which could lead to thousands of job losses.
- The company is facing escalating costs and competition, and its profits fell by 64% in October.
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HRKatha
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Intel looking for new CEO, as Pat Gelsinger retires
- Intel is in search of a new CEO as Pat Gelsinger, who had been associated with the company for almost 40 years, retires.
- Interim co-CEOs, David Zinsner and Michelle Johnston Holthaus, have been announced to lead during the transition period.
- Gelsinger had served as Intel's CEO since February 2021 and played a crucial role in driving innovation and revitalizing process manufacturing.
- Intel will focus on strengthening its product portfolio and optimizing its operating expenses and capital under new leadership.
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HRKatha
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BEVCO starts training 1702 women employees in self-defense
- The Kerala State Beverages Corporation (BEVCO) has started training 1,702 women employees in self-defense.
- The initiative aims to empower women and address workplace harassment cases.
- Mandatory training is supported by the Kerala Police.
- Women will learn self-defense tactics to protect themselves from physical attacks or harassment.
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HRKatha
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Cargill to let go 5% of global workforce amid dipping profits
- Cargill, the crop-trading company, plans to reduce its global workforce by 5% due to dipping profits.
- The job cuts will mainly affect non-executive senior leaders, with thousands of jobs expected to be eliminated this year.
- The restructuring aims to streamline the organizational structure, eliminate duplication of work, and expand the responsibilities of managers.
- Cargill's profits have been affected by the drop in corn and soybean prices, with the company reporting its lowest profits since 2015-16.
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Forbes
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Forget Cyber Monday, Stocks Are On Sale Today
- Instead of purchasing some modestly underpriced goods online on Cyber Monday, consider investing the money in stock market which is at least 72% off.
- The stock market always rises over the long term, therefore the sooner you get started, the better.
- Historical stock market returns show that on average, the stock market doubles in value every seven years.
- Thus, stocks are at least 72% off today compared to their hypothetical value 10 years from now.
- If your employer has a 401(k) plan, they might even offer a buy one, get one free deal which makes your Cyber Monday’s 72% stock discount even more valuable.
- You can stack your coupons and multiply your investment savings by saving money in “traditional” retirement plans like an individual retirement account, 401(k), or a health savings account.
- Posttax contributions in Roth accounts ensure your money is more accessible in an emergency and they help you save big on taxes while doing nothing other than opening a retirement account.
- Most financial advisors would never recommend tapping your retirement savings like a piggy bank, but there are enough workarounds to make them viable sources of money for emergencies.
- Getting started with investing is easier than you think. The only surefire bad choice is to delay the decision.
- Self-employed people can consider opening a SEP IRA or a Solo 401(k), whereas nonworking spouses can still invest in a spousal IRA by opening an account with a brokerage of their choice.
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Rockpapershotgun
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Mechabellum review: impeccably designed and maniacally moreish mech strategy
- Mechabellum is an exciting autobattler strategy game that is accessible to everyone.
- Mechabellum features a variety of robots that each can be the most terrifying nuisance on the field or instantly crumble.
- While Mechabellum is not an RTS game, it still offers up competitive RTS thrills through a deep and accessible autobattler.
- The game encourages players to stretch budgets to balance reactive counters with devastating offensives.
- Players cannot give orders to their bots, which makes Mechabellum a game made out of constraints.
- Mechabellum feels tense and fiery even while easygoing and instantly accessible.
- The game offers permanent or temporary upgrades such as a shield dome, a missile or an attack power bonus.
- Mechabellum draws wonderful asymmetry from a symmetrical set of choices, ensuring players know their opponent's capabilities.
- Mechabellum is impeccably designed with vibrant mechanised motions, audio design, and catastrophic requiems for each scrapped mech.
- The game's true joys lie in wanton destruction, such as watching entire flanks crumble as several rounds of planning paying off.
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Insider
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How AARP is empowering a multigenerational workforce for AI
- AARP’s Chief Human Resources Officer, Marjorie Powell, is ensuring her multigenerational workforce is prepared for the impact of AI through its implementation of Microsoft’s Copilot.
- Powell seeks to challenge the misconception that senior citizens and older workers aren't comfortable with technology and invites her employees to explore AI and integrate it into their workflow.
- The organization implemented an AI Community of Practice, learning from feedback gathered from staff, and even developed an HR chatbot to respond to employee queries about the organization's policies.
- AARP uses AI for sourcing candidates according to talent criteria and have certified recruiters to conduct Boolean searches. Nevertheless, AI is not yet used for screening and interviewing as its maturity is still questionable from minimizing bias.
- AARP's C.H.R.O advocates for older workers in a tech-driven industry by celebrating the skills, experience, and mentorship that they offer. By embracing senior employees, Powell thinks the companies can benefit from their value and have a reduced risk of ageism.
- Baby boomers were the vanguards of digital technology, and many are making use of tech devices and software in their personal and professional lives, generating sales growth and driving innovation.
- Powell states: "I look at myself — I'm about to turn 60 — and I was selling Commodore 64s when I was in high school. I've seen everything from floppy disks to CDs, to cassette tapes, to 8-tracks, to digital streaming and everything else. I've experienced all versions of technology, and I've adapted.
- AARP has created mandatory training sessions in the use of AI, which covers internal and external use, and the types of information that can be shared. Powell's mission aims to ensure that every staff member at AARP is capable of developing and making good decisions within the company's guidelines.
- AARP uses AI tools to sift through candidate profiles, but Powell acknowledges that AI's relative immaturity makes it inappropriate for screening and interviewing candidates.
- Employers often underrate the technical skills of older workers and fail to comprehend that this demographic is among the biggest consumers of technology devices and products.
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Rockpapershotgun
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City builder Workers & Resources finally brings socialism to the USA and UK with latest DLC
- Workers & Resources: Soviet Republic, the city-building sim from 3DIVISION and Hooded Horse, is getting eight new maps including the USA and UK.
- The DLC features maps based on Austria, the Czech Republic, East Germany, France, Estonia, and North Korea.
- Players will have to shape their nations over time to create top-notch Soviet Republics.
- The Worlds Map DLC will be released on 13th December via Steam, GOG, and the Epic Games Store.
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HRKatha
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Umesh Jadhav is HR director, APAC, Calderys
- Umesh Jadhav is back at Calderys as HR director, APAC.
- Jadhav has a diverse background with experience in various industries.
- He previously worked at Calderys for over five years.
- Jadhav is known for his expertise in leadership, coaching, and people skills.
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HRKatha
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CARS24 to Hire 100+ tech experts by March 2025
- Indian autotech platform CARS24 plans to hire at least 100 technical experts over the next four months.
- The company will invest Rs 500 crores in advancing its technology and product ecosystem.
- The tech experts will be hired for roles in data science, genAI, machine learning, devops, and product innovation.
- CARS24 aims to make car ownership smarter and better through its Super App, offering features like real-time car valuations, maintenance tracking, and more.
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Rockpapershotgun
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If you need an absorbing dungeon RPG this winter, here's one with over two billion floors
- Caves Of Qud, a sci-fi roguelike RPG, is reportedly 2,147,483,646 levels deep.
- The game is bottomless and procedurally generates more levels as you descend.
- While the designed max depth is about 50 levels, it is effectively limitless.
- Players can find rare occurrences in the deep caves, but technical issues may arise at extreme depths.
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HRKatha
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Women’s participation in the workforce has increased significantly in India
- Data from the latest Annual Periodic Labour Force Survey (PLFS) Reports show a significant increase in women's participation in the labour force in India.
- The estimated worker population rate (WPR) and labour force participation rate (LFPR) for women have shown improvement over the years.
- The Indian government's efforts to improve employability and initiatives such as paid maternity leave and equal wages have contributed to this increase.
- Government schemes and training programs have also played a role in improving female LFPR and overall LFPR in the country.
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HRKatha
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AdvantageClub.ai secures $4 million in funding
- AdvantageClub.ai, an employee engagement platform based in New Delhi, has raised $4 million in a funding round led by Axilor Ventures.
- The funding brings the company's total funding to $11 million and will be used to expand operations in the United States and Asia, as well as advance its AI-driven offerings.
- AdvantageClub.ai plans to introduce new wellness products and strengthen its position in rewards and wellness.
- The company aims to drive employee engagement, support HR goals, and continue refining its AI applications.
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Insider
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It's a really bad time to be a middle manager
- Businesses have been engaged in restructuring of their corporate hierarchies, waging war on middle managers since the past two years, trimming an entire tier of supervisory jobs in the name of 'flattening'. The jobs themselves have been eliminated, and they may not be coming back. Hiring had plunged by 43% for middle managers and 57% for senior leaders. There's a sharp spike in job seekers, and they're competing for an increasingly small universe of open roles.
- In response, many displaced managers have swallowed their pride and started applying to jobs lower on the corporate food chain. But take the example of a former middle manager who is 54 years old. After getting rejected for all the supervisory jobs he could find, he widened his search to include entry-level positions—only to be rejected for being overqualified.
- The very experience that should be a selling point for senior leaders has become a liability. Some have tried deleting former jobs from their resumes, to hide their supervisory experience. Others omit the year they graduated from college. The rung of the corporate ladder they spent their careers reaching could be gone for good.
- Over the past year, more than 30% of layoffs were middle managers, compared with 20% in 2019. Companies appear to have no intention of refilling those supervisory roles.
- The assault on middle managers dates back to the 1980s, when globalization gave rise to a new philosophy of management that prioritized cost cutting over everything else. But it's unclear whether getting rid of middle managers actually made companies run more efficiently.
- Executives got the flattening that they wanted. But it's unclear whether getting rid of middle managers actually made companies run more efficiently. But study after study found that when middle managers do their jobs right, they bolster performance more than either top executives or ground-level employees.
- The best hope for managers is that CEOs are getting a real-time refresher in the value of managers.
- The supervisors who survived the purge have been forced to take on much larger teams, and they're burned out to a crisp. Departments are more siloed than ever, with no one to do the tedious and thankless and essential work of coordinating across different teams.
- The current craze for corporate flattening could ease over time. Companies are already discovering that having few middle managers is placing an enormous strain on their operations.
- There's a chance, of course, that the current craze for corporate flattening could ease over time. Gen Zers, deprived of their mentors, are increasingly disengaged. The best hope for managers is that CEOs are getting a real-time refresher in the value of managers.
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HRKatha
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1.30 crore digital life certificates generated during DLC Campaign 3.0
- Digital Life Certificate (DLC) Campaign 3.0 successfully concluded, generating 1.30 crore DLCs.
- Over 30% of DLCs were generated using Face Authentication Technology (FAT), surpassing previous campaigns.
- The campaign aimed to simplify the process of submitting digital life certificates for senior pensioners.
- Pensioners aged 80 and above were able to conveniently submit DLCs, with support from post offices, banks, and volunteer networks.
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