Latest news with #NarayanMurthy
India.com
27-07-2025
- Business
- India.com
Bad news for employees of Ratan Tata's TCS, Satya Nadella's Microsoft, Intel as they plan to sack 50,000 employees due to...
Narayan Murthy and Late Ratan Tata- File image IT sector layoff: In a significant bad news for the global tech and IT sector and its millions of employees , three industry giants, Intel, Microsoft, and Tata Consultancy Services (TCS) have collectively announced over 50,000 job cuts in just one week. Readers should note that the massive layoffs wave mark one of the most significant employment disruptions in recent memory. Here are all the details you need to know about the massive layoff wave in the IT sector. Which IT jobs are under risk? Driven by the rapid adoption of artificial intelligence and shifting business priorities amid a broader push toward cost optimization, the major IT companies are taking the decision to reduce their workforce. The world already knows that Microsoft is planning to cut around 9,100 jobs globally, primarily targeting its Xbox, software, and cloud divisions as the company pivots more aggressively toward AI and flattens management structures. Which IT companies are firing on mass scale? Another major company, Intel, which is facing profitability pressures, is slashing over 5,000 roles across multiple US states as part of its strategy to become leaner and more agile. In another update, Ratan TCS, which is India's largest IT firm is trimming about 2% of its workforce, which may possibly impact more than 12,000 employees, especially at the mid- and senior levels, as automation. Why are IT companies doing mass-layoff? Experts say that these large-scale layoffs highlight a deeper structural shift across the tech industry, where AI is not just a tool but a trigger for disruption. As the IT companies are prioritizing more and more innovation and efficiency, traditional roles which were done by humans are rapidly being redefined or replacement.
India Today
08-07-2025
- Business
- India Today
Indian tech workers face burnout, majority exceed legal 48-hour workweek: Surveys
A Delhi man recently posted on social media about a job opening looking to hire employees who can work for a minimum of 10-12 hours a day for 6 days a week. The work-life balance debate triggers don't seem to be ending since Narayan Murthy's controversial 2023 statement where he said Indians should put in 70 hours per week. It's been almost two years since then and we are still talking about it, with good the reality of India's high-performing tech industry is far more serious than the exterior suggests. A series of recent surveys has exposed a systemic burnout crisis fuelled by overwork, toxic workplace expectations, and an 'always-on' to a March 2025 Blind survey of 1,450 verified IT professionals, 72% reported working more than the legally mandated 48 hours per week, and 25% said they routinely worked over 70 hours CRISIS HITS WORKFORCE STABILITY The same Blind survey revealed that 83% of IT professionals had experienced some form of burnout. The issue is most acute in companies where extreme working hours are 68% of professionals admitted they felt obligated to respond to work messages outside of office hours, indicating a growing culture of round-the-clock a separate March 2025 survey by Vertex Group, 52% of employees across five Indian states cited poor work-life balance as a cause of burnout. The study also found that 23% of professionals regularly worked beyond official hours, exacerbating mental and physical EXITING IN DROVESHigh attrition is emerging as another critical outcome. A survey by Talent Exodus published by Teamlease Digitalindustry revealed that up to 22 lakh IT professionals may leave their jobs by the end of 57% of respondents said they would not consider returning to IT services in the future, pointing to a growing disillusionment with the report said that 29% of IT professionals experienced burnout in 2024, and 20% were uncertain about their job stability -- another indicator of waning confidence in long-term career 10 COMPANIES WITH LONG WORKING HOURSBased on responses collected via the Blind app and corroborated by media reports, the following companies were identified as having the most extreme workweeks:CiscoAmazonServiceNowWalmartVMwareAdobeUberInMobiSalesforceOracleOthers, including Microsoft, Cohesity, UiPath, Flipkart, Paytm, Cohesity, Freshworks, and Sprinklr also appeared in the list of firms with the longest working hours and high burnout MESSAGES FROM EMPLOYERSWhile some companies, like Infosys, have publicly announced their intention to avoid overtime in favour of productivity through better work-life balance, this sentiment has not been universally recently viral Reddit post about a job listing, explicitly requiring six-day workweeks with 12-hour shifts, sparked widespread concern over unregulated workplace India's digital economy continues to expand, experts argue that without urgent labour reforms, mental health support, and strict enforcement of labour limits, the burnout crisis could derail long-term industry growth.- Ends
Economic Times
02-07-2025
- Business
- Economic Times
Genpact work policy: Is India closer to adopting China's 996 work culture?
The speculation around Genpact's decision to increase daily work hours to 10 has sparked criticism from both employees and human resource (HR) experts, who argue that the move goes against progressive workplace practices. The company later clarified its stance to follow a nine-hour workday and not 10. This debate is not new. In the post-COVID-19 pandemic period, debates on work-life balance have been plenty. That gives rise to the question: Is India closer to adopting China's 9-9-6 work culture? China's work policy Chinese tech tycoon Jack Ma famously said it was a "blessing" for anyone to be part of the so-called "996 work culture," where people work 9 am to 9 pm, six days a week, a BBC report companies like Alibaba, Huawei, and Bytedance have been flagbearers of this work culture. Rooted in capitalist ideals, overtime work is what made China the 'factory of the world.'The BBC report in January found that workers at the suppliers of Chinese fashion brand Shein work for 75 hours weekly with low wages. It noted the basic wage without overtime was 2,400 yuan (£265; $327)—far below the 6,512 yuan declared by the Asia Floor Wage Alliance as the 'living wage.'China's Supreme Court in August 2021 and the Ministry of Human Resources and Social Security declared '996' work schedules illegal, stating that it was illegal to fire or take action against an employee who chose to refuse work under a company's '996 policy'. A 2021 study by the World Health Organisation found that overwork resulted in over 745,000 deaths annually from strokes and heart attacks. Between 2000 and 2016, deaths related to heart disease due to extended work hours increased by 42%, while stroke-related deaths rose by 19%. ET reported in February that the rate of unemployment for those between the ages of 16 and 24 nearly hit 20% in January, meaning roughly one in every five Chinese simply cannot find a job. Worker protests over unpaid wages are increasing throughout China, reflecting a surge in dissatisfaction among millions impacted by factory closures. Why does this matter for India? From a series of debates and discussions—from Infosys cofounder Narayan Murthy's 70-hour week remark to Larsen & Toubro (L&T) chairman S N Subrahmanyan's 90-hour week comment, Karnataka's proposed 12-hour workday clause in certain sectors, including IT, and now Genpact's 10-hour workday—India's work culture is witnessing a transformative shift. A similar pattern is emerging in India's tech and services sector, and the country is inching towards its own version of '996'. The Karnataka government seeks to extend the maximum working hours to 10 hours a day and the maximum overtime to 12 hours a day. It also seeks to increase the overtime limit from 50 to 144 hours in three months, as reported by ET. Infosys made headlines in June as cofounder Narayana Murthy advised Indian youth to work for 70 hours a week to boost the economy. L&T's Subrahmanyan had also sparked a controversy in the work-life balance debate by advocating 90-hour work-weeks for employees. ET reported in January that India Inc is facing a rise in mental health challenges among employees. More than 90% of employees under 25 years of age are experiencing anxiety, compared to 67% for those over 45, emphasising the need for structured support for younger employees. Ray of hope Software services company Infosys is warning employees spending longer hours during their remote work period, flagging health risks and urging them to focus on work-life balance, doing away with the earlier remark by the cofounder. Infosys has reportedly introduced a new monitoring system to track remote working hours. Employees are now expected to work nine hours and 15 minutes per day, five days a week, and any excess time spent working remotely will trigger an alert. Chinese company Pang Dong Lai, a retail chain business, announced publicly that the employees at the chain will be entitled to additional leaves and perks at times when they are not at their mental or emotional best, which was termed as 'unhappy leaves,' ET reported in April last year. Even policies around silent hours during work shifts, dedicated meditation zones, parental leaves, etc., are prominent change makers to support work-life balance and foster employee well-being.
Time of India
02-07-2025
- Business
- Time of India
Genpact work policy: Is India closer to adopting China's 996 work culture?
Academy Empower your mind, elevate your skills The speculation around Genpact 's decision to increase daily work hours to 10 has sparked criticism from both employees and human resource (HR) experts, who argue that the move goes against progressive workplace practices. The company later clarified its stance to follow a nine-hour workday and not debate is not new. In the post-COVID-19 pandemic period, debates on work-life balance have been gives rise to the question: Is India closer to adopting China's 9-9-6 work culture?Chinese tech tycoon Jack Ma famously said it was a "blessing" for anyone to be part of the so-called "996 work culture," where people work 9 am to 9 pm, six days a week, a BBC report companies like Alibaba, Huawei, and Bytedance have been flagbearers of this work culture. Rooted in capitalist ideals, overtime work is what made China the 'factory of the world.'The BBC report in January found that workers at the suppliers of Chinese fashion brand Shein work for 75 hours weekly with low wages. It noted the basic wage without overtime was 2,400 yuan (£265; $327)—far below the 6,512 yuan declared by the Asia Floor Wage Alliance as the 'living wage.'China's Supreme Court in August 2021 and the Ministry of Human Resources and Social Security declared '996' work schedules illegal, stating that it was illegal to fire or take action against an employee who chose to refuse work under a company's '996 policy'. 2021 study by the World Health Organisation found that overwork resulted in over 745,000 deaths annually from strokes and heart attacks. Between 2000 and 2016, deaths related to heart disease due to extended work hours increased by 42%, while stroke-related deaths rose by 19%.ET reported in February that the rate of unemployment for those between the ages of 16 and 24 nearly hit 20% in January, meaning roughly one in every five Chinese simply cannot find a job. Worker protests over unpaid wages are increasing throughout China, reflecting a surge in dissatisfaction among millions impacted by factory a series of debates and discussions—from Infosys cofounder Narayan Murthy's 70-hour week remark to Larsen & Toubro (L&T) chairman S N Subrahmanyan's 90-hour week comment, Karnataka's proposed 12-hour workday clause in certain sectors, including IT, and now Genpact's 10-hour workday—India's work culture is witnessing a transformative shift.A similar pattern is emerging in India's tech and services sector, and the country is inching towards its own version of '996'.The Karnataka government seeks to extend the maximum working hours to 10 hours a day and the maximum overtime to 12 hours a day. It also seeks to increase the overtime limit from 50 to 144 hours in three months, as reported by ET. Infosys made headlines in June as cofounder Narayana Murthy advised Indian youth to work for 70 hours a week to boost the economy. L&T's Subrahmanyan had also sparked a controversy in the work-life balance debate by advocating 90-hour work-weeks for employees. ET reported in January that India Inc is facing a rise in mental health challenges among employees. More than 90% of employees under 25 years of age are experiencing anxiety, compared to 67% for those over 45, emphasising the need for structured support for younger services company Infosys is warning employees spending longer hours during their remote work period, flagging health risks and urging them to focus on work-life balance, doing away with the earlier remark by the has reportedly introduced a new monitoring system to track remote working hours. Employees are now expected to work nine hours and 15 minutes per day, five days a week, and any excess time spent working remotely will trigger an company Pang Dong Lai, a retail chain business, announced publicly that the employees at the chain will be entitled to additional leaves and perks at times when they are not at their mental or emotional best, which was termed as 'unhappy leaves,' ET reported in April last policies around silent hours during work shifts, dedicated meditation zones, parental leaves, etc., are prominent change makers to support work-life balance and foster employee well-being.
India.com
25-06-2025
- Business
- India.com
Not Mukesh Ambani's Reliance Industries or Narayana Murthy's Infosys, but India's most valuable brand is…, surpasses Rs 2581950000000 in…
(File) Tata Group has once again become India's most valuable brand. It is the first Indian brand to cross the $30 billion threshold, according to a report by Brand Finance. The brand value went up up by 10 per cent to $31.6 billion) Tata Group is leading Brand Finance's 2025 rankings leaving behind other big brands like Mukesh Ambani's Reliance Industries and Narayan Murthy's Infosys. 'This historic milestone underscores India's expanding economic clout and the Tata Group's multi-sector dominance, with strategic investments in electronics, EVs, semiconductors, AI and renewables,' the report stated. The report highlighted that India's GDP growth for FY2025–26 is projected between 6% and 7%, and will be driven by capacity expansion, domestic demand, and effective public–private partnerships. This better outlook has helped Indian brands to grab global opportunities despite market volatility. India's top 10 most valuable brands collectively recorded double-digit growth in brand value, the report noted. According to Brand Finance's methodology, brand value represents the net economic benefit a brand owner would gain by licensing the brand in an open market. Meanwhile, brand strength reflects a brand's relative performance on intangible metrics compared to its competitors. Ajimon Francis, managing director, Brand Finance India, said: 'India is embracing the 'Create in India' clarion call with renewed energy. Whether it's manufacturing, financial services, entertainment, holistic healing or hospitality, Brand Bharat is rewriting narratives globally. The nation's economic vibrancy, digital infrastructure and industrial expansion are turning its top brands into global beacons. In a challenging geopolitical order, India is finely balancing hard power and soft power.'
