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Tag: employee benefits

Microsoft Cuts Staff Library, 1,500 Azure Jobs in AI Push

Microsoft replaces employee library access with AI experiences and cuts 1,500 Azure jobs as part of a restructuring focused on cloud and artificial intelligence.

Bank Unions Demand Permanent Jobs Over Contractual Work

Bank unions push for regular employment and better benefits following new Labour Codes implementation, seeking job security for banking sector employees.

New Labour Codes 2025: Impact on Salary, Pension, Gratuity

Learn how India's new labour codes affect your take-home pay, gratuity eligibility after 1 year, universal minimum wages, and expanded worker protections.

Gratuity Eligibility Cut to 1 Year for Contract Workers in Labour Reforms

Contract workers can now claim gratuity after just one year of service instead of five years under new labour reforms. Learn how this impacts your retirement benefits.

Gratuity After 1 Year: New Labour Laws Benefit Fixed-Term Employees

Fixed-term employees can now receive gratuity after just 1 year instead of 5 years under India's new labour codes. Learn how this reform impacts your benefits.

New Labour Code: IT Employees Must Get Salary by 7th of Every Month

India's new Labour Codes mandate IT companies to pay salaries by the 7th of each month, bringing social security for gig workers and night shift rights for women.

Amazon Cuts 14,000 Jobs in AI Restructuring: Severance Details

Amazon lays off 14,000 corporate employees across US, Canada and Europe with 90-day pay, benefits and severance packages amid AI transformation.

EPFO’s 25% PF Lock-In Rule: What It Means for Your Savings

EPFO mandates 25% PF balance lock-in to secure retirement funds. Learn how this affects withdrawals, interest earnings, and long-term financial security.