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BANKS REDUCING WORKFORCE
World Bank approves USD 1.5 bn loan to support India's reforms, job creationIndia's push for private sector-led growth and job creation has received a significant boost with the World Bank approving USD 1.5 billion ...- Iran-Israel conflict puts UAE, Saudi Arabia's foreign workers under strainA protracted conflict in the Gulf is jeopardizing billions in remittances, vital for families across Asia and Africa. Migrant workers, like...
- US Stock Market: Warsh reshapes Fed playbook with leaner messaging and reform agendaUS Federal Reserve Chair Kevin Warsh signalled a major shift in central bank communication by adopting shorter policy statements and focusi...
- South Asia can generate millions of jobs through agriculture sector: World Bank GroupWith agriculture sector employing around 43 per cent of the South Asian workforce, the region has strong potential to emerge as a global le...
- IVY County: At the intersection of global trends and East Bengaluru's growth storyBengaluru's real estate focus is shifting to East Bengaluru's Sarjapur-Varthur-Gunjur corridor. This region offers significant investment p...
- US job growth likely slowed in May, labor market seen stable despite oil shockAmerica's job growth is expected to slow in May after strong previous months. The labor market remains stable. Economists believe the Middl...
- Remember GoPro, the king of action cameras? The once-$11 billion giant is now fighting just to stay aliveGoPro bankruptcy risk: Once an $11 billion market cap giant, GoPro now faces an uncertain future. Its auditor raised "substantial doubt" ab...
- MPC's repo rate pause will help stabilise growth: SBI chairmanState Bank of India Chairman CS Setty anticipates a Reserve Bank of India interest rate pause to foster stable growth. He highlighted India...
- China out, India in? The Japanese begin a quiet but powerful pivotJapanese banks are increasingly shifting their Asia strategy from China to India and Southeast Asia as slowing growth, rising costs and geo...
- Social Security disability benefits under pressure: Why 7,100 SSA layoffs could reshape disability claims in 2026More than 7,100 Social Security Administration jobs have disappeared, marking the largest workforce reduction in agency history. The move c...
- US banks rely on a 65-year-old programming language; companies are paying a premium for developers who know itA 1959 programming language, COBOL, is powering global finance and government systems. As experienced programmers retire, companies face a ...
- Forget free food and WFH. Shark Tank India's Anupam Mittal wants companies to pay salary paid twice a month. He explains why it is importantAnupam Mittal, founder of Shaadi.com, recently urged a shift from the traditional next-month salary payment system. He argues that paying e...
- Banks are cutting credit card perks quietly; Learn how to get more value from your walletMany banks have recently reduced credit card rewards, cashback limits, and perks, prompting cardholders to reassess their spending strategi...
- Labour Code set to bring long-term gains, but transition may test India IncIndia's new labour laws promise easier business operations ahead. However, companies face a complex transition period. Navigating different...
- Emerging cities becoming strategic hubs for expansion beyond traditional metros: ReportIndia's global capability centres are expanding beyond major cities. Emerging locations are now key for company growth. This shift is drive...
- 'More AI, fewer bankers': CEO of US' largest bank JP Morgan Jamie Dimon's remarks hint at a shift in Wall Street trendJPMorgan Chase CEO Jamie Dimon suggests artificial intelligence will significantly reduce jobs at the bank. The company plans to hire more ...
- StanChart CEO seeks to reassure staff over AI-linked job cutsStandard Chartered CEO Bill Winters reassured staff following news of job cuts, emphasizing that the bank is replacing "lower-value human c...
- Samsung union says to embark on 48,000-strong strike on Thursday after impasse on bonusesSamsung Electronics workers plan a major strike on Thursday. Talks over bonus payments have stalled. This action could disrupt South Korea'...
- Born out of microfinance, Bandhan Bank now bets big on AI and digital bankingAs Bandhan Bank accelerates its transition from a microfinance-led institution into a universal bank, Executive Director & COO Ratan Kumar ...
- Standard Chartered plans to cut thousands of jobs in AI pushStandard Chartered on Tuesday raised its profitability target, aiming for a return on tangible equity of more than 15% by 2028 and about 18...
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