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HRKatha

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The rise of the textrovert

  • Textroverts, individuals who prefer expressing complex thoughts through writing rather than verbally, are becoming more prevalent in modern workplaces.
  • Organizations that fail to recognize and leverage the contributions of textroverts risk missing out on valuable insights and alienating a significant portion of their workforce.
  • Progressive companies are adapting by shifting towards processes that allow for both written and verbal contributions, such as encouraging 'brainwriting' over traditional brainstorming.
  • Not every employee seeks the limelight, and every employee deserves to be acknowledged in ways they prefer, whether through public recognition or personalized communication.
  • The bias towards vocal participation in meetings and performance reviews needs to be reevaluated to appreciate the impact of written contributions like emails, project plans, and strategy documents.
  • Leaders need to be trained to recognize and value written contributions as indicators of leadership and impact, creating psychological safety for diverse communication styles.
  • Managers should be encouraged to pay attention to written documentation and celebrate diverse contributions in team communications to foster a more inclusive work environment.
  • The shift from performance theater to performance ecosystem, where both spoken and written contributions are valued, leads to deeper thinking, inclusive participation, and better outcomes.
  • Valuing the talents of textroverts, who excel in analysis, synthesis, and clear writing, equips companies to thrive in a digital and hybrid work environment where thoughtful words hold significance.
  • Embracing the strengths of textroverts can lead to better decision-making and innovation, emphasizing that the best ideas often stem from considered words rather than loud voices.

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TCS reorganises AI.Cloud into 2 business units; appoints heads for each

  • Tata Consultancy Services (TCS) has reorganised its AI.Cloud division into two separate business units - one for AI and one for cloud.
  • Krishna Mohan Reddy will head the cloud division, while Ashok Krish will be the global head of AI, and Satish Byravan will be the global head of data.
  • The move aims to grow faster in the artificial intelligence and cloud space with a sharper focus on each domain.
  • TCS is actively seeking experts in AI, relooking at training programs, and emphasizing the potential in the AI and cloud sectors for separate business units.

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Volvo to let go 3,000 from workforce amid low profits

  • Volvo, the Swedish auto company, plans to trim its workforce by 7%, affecting about 3,000 employees.
  • Over 50% of Volvo's workforce is in Sweden, with cuts impacting about 1,200 positions in the country.
  • The layoff aims to increase cash flow and reduce expenses to navigate the global automotive sector downturn.
  • Volvo's move to let go of employees is driven by the desire to cut costs and bolster resilience, following a drop in revenues in Q1 2025.

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Sumit Lakhani elevated to CEO, Awfis

  • Sumit Lakhani has been promoted to CEO of Awfis, a flexible workspace solutions company, after serving as chief marketing officer and deputy CEO.
  • Lakhani, who holds a BTech in Computer Science and an MBA from SP Jain Centre of Management, has a diverse professional background including roles at Satyam Computer Services, Tesco, ST Asset Management, Singapore, and Yes Bank.
  • In his new role as CEO, Lakhani will focus on P&L, daily operations, customer-centric initiatives, as well as sales, marketing, and supply acquisition.
  • Amit Ramani, founder of Awfis, believes Lakhani's appointment is a significant step towards scaling the organization and expects his leadership to drive continued growth and innovation.

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Bitcoin Stagnates, But as Some Whales Sell, Fresh Capital Enters: Up Next, $120,000?

  • Bitcoin prices stabilize after a recent dip, with buyers stepping in and stabilizing prices before a recovery.
  • Bitcoin whales are seen selling off, affecting market dynamics, while institutions and Strategy are actively accumulating.
  • There is anticipation for BTCUSDT to rise to $120,000 if bullish momentum continues, with institutions and whales influencing market trends.
  • Fresh capital entering the market, institutions buying BTC, and Strategy bolstering their holdings signal potential for further Bitcoin price gains.

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UP government to build digital workforce across villages

  • The Uttar Pradesh government plans to develop a digital workforce across gram panchayats with a Rs 278 crore investment under the National Gram Swaraj Abhiyan.
  • Initiative aims to equip panchayats with digital tools, enhance public-service delivery, and ensure last-mile governance efficiency through Panchayat Learning Centres and District Panchayat Resource Centres.
  • Human resources will be strategically deployed at state, district, and block levels to drive the rollout of digital initiatives, improving administrative outcomes in rural areas.
  • Training to cover basic digital literacy, artificial intelligence, data management, and governance applications, aligning with the broader vision of building a future-ready rural workforce.

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More Bitcoin Incoming? Michael Saylor Drops Hint At New Crypto Purchase

  • MicroStrategy, now rebranded as Strategy, is expected to continue buying Bitcoin next week as its founder, Michael Saylor, hinted at a new crypto purchase.
  • As per the latest snapshot shared by Saylor, Strategy currently holds 576,230 BTC, valued at around $62 billion. The upcoming purchase will mark the seventh consecutive weekly buy for the company.
  • Each time Strategy has made a purchase, it has led to a short-lived boost in the market, with Bitcoin hitting a new all-time high before retracing. Current prices are hovering near $106K, reflecting a 5% drop over the past week.
  • Analysts anticipate that another purchase by Strategy could potentially drive prices higher. While institutional demand plays a significant role, broader adoption and regulatory clarity are essential for stabilizing Bitcoin's volatility and driving long-term growth.

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Strategy’s Bitcoin Streak: Michael Saylor Eyes Big Buy Amid Market Dip

  • Strategy's Bitcoin stockpile exceeds 576,000 BTC, valued at over $21.8 billion.
  • BTC price dip sparks renewed institutional interest from Strategy, leading to plans for continued purchases.
  • Analysts predict Strategy's BTC stash could elevate its valuation to $10 trillion, making it the most valuable publicly traded company.
  • Michael Saylor of Strategy remains bullish on Bitcoin, foreseeing significant future value appreciation due to limited supply and institutional demand.

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EPFO eases PF transfer rules; ends rejections over service overlaps

  • EPFO eliminates rule causing PF transfer claim rejections due to service overlap between employers.
  • Change benefits numerous EPFO members facing delays and rejections in fund transfers.
  • New rule allows transfer claims to be processed regardless of service overlap, with clarification requested only when necessary.
  • Accountability at officer level ensures smoother, faster, and transparent PF transfer process for all members.

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Walmart reportedly summons employees to office for face-to-face layoffs

  • A Walmart employee in Bengaluru has alleged that the company is summoning workers to the office primarily for in-person termination meetings.
  • The employee described the work atmosphere as charged with fear, leading to anxiety among both affected and unaffected staff.
  • Surviving employees are left dealing with ongoing stress due to the fear of potential layoffs, which could have long-term consequences.
  • Recent reports suggest Walmart is cutting around 1,500 corporate jobs, sparking discussions on workplace culture and the human cost of corporate restructuring.

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Reddit user shares post after getting fired for 'saving a life'; here's what happened

  • A Reddit user, qirad, shared a post about losing their job after arriving late due to providing CPR to someone in need. Despite saving a life, the user was terminated by their company.
  • The user, in their work uniform, administered first aid and CPR when someone in their train carriage appeared to have a medical emergency. The police later canceled the train service due to a 'biohazard,' causing the user to be late for work.
  • After notifying their workplace about the delay, the user faced a meeting with their boss and HR upon arrival. Despite explaining the situation, they were fired for being late.

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Vijay Swaminathan is global CHRO, Redington

  • Vijay Swaminathan has joined Redington as the global Chief Human Resources Officer (CHRO) after a successful tenure at Citi lasting over 19 years.
  • Swaminathan's career includes various HR roles at different organizations, with a background in engineering and an MBA in HRM.
  • He is recognized for his commitment to employee advocacy, wellness initiatives, and Diversity, Equity, and Inclusion (DEI) programs.
  • Redington Group is looking forward to the transformative leadership of Vijay Swaminathan across its businesses in over 40 countries.

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How India became the frontline of Europe’s green revolution

  • In Karnataka, India's first one-gigawatt green hydrogen electrolyser is being assembled with Belgian technology and capital, marking a shift in European companies' approach to India.
  • John Cockerill, a Belgian industrial group, views India as central to its global sustainability strategy, aiming to double its workforce and achieve Euro 1 billion in annual turnover by 2030.
  • India's engineering talent attracts Western multinationals for clean technology innovation, aligning with the country's ambitious renewable energy targets and focus on green hydrogen.
  • John Cockerill in India is transitioning towards sustainability technologies like hydrogen production, energy storage, and defense systems, emphasizing talent evolution and innovation over existing skills.
  • Indian technical universities are contributing to the shift in how multinational corporations approach emerging markets, with John Cockerill leveraging Indian talent globally and emphasizing internal mobility.
  • Despite challenges such as gender imbalance, the company's investment in employee development, feedback-driven policies, and diversity initiatives has led to promising results and below-average attrition rates.
  • Developing and deploying clean technologies in India is crucial for companies like John Cockerill to ensure global competitiveness in the face of climate change and the race for industrial leadership.
  • India's talent market offers opportunities but requires heavy investment in training and development to capitalize on its technical potential, positioning the country as a potential leader in clean technology innovation.
  • Green revolutions depend on people as much as machines, with India emerging not just as a participant but increasingly as a leader in talent and innovation for the future economy.
  • European companies recognize India's significance in the green revolution, highlighting that industrial leadership may shift from traditional Western hubs to Indian cities like Bangalore and Pune.

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Parived Bhatnagar elevated to head-HR, EMEA, AIOC, Accenture

  • Parived Bhatnagar has been promoted to head-HR, EMEA, AIOC, Accenture after joining in 2022 as vice president-HR.
  • In his previous role, he led a team of 55 HR professionals managing the employee lifecycle for over 28,000 employees.
  • Bhatnagar's career journey includes roles at Accenture, TNT, Panarc Consulting Group, Aon, Deloitte India, SAP, among others.
  • An alumnus of Delhi School of Economics, Bhatnagar is known for his meticulous and detail-oriented approach in his professional endeavors.

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Preeti Jain moves from Airtel to Adani GCC, as chief people officer

  • Preeti Jain has transitioned from Airtel to Adani-GCC as chief people officer after serving as vice president-HR at Airtel for over three years.
  • With an MBA in human resources, Jain began her career in 2001 at HFCL, gaining experience in performance management, building organizational culture, and formulating training and recruitment strategies.
  • Having worked at companies like Conexant, Huawei, and Droom, Jain brings over 11 years of experience in manpower planning, performance management, and policy formulations in IT, telecom, and semiconductor industries across geographies.
  • As the new CPO of Adani-GCC, Jain will focus on driving strategic initiatives to build a world-class GCC with an emphasis on processes, innovation, and talent retention.

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