Latest news with #employee
Bloomberg
13 hours ago
- Business
- Bloomberg
Paytm Posts Profit in Boon for Founder's Turnaround Effort
Paytm reported a rare profit as sales grew and costs fell, signaling the fintech firm is bouncing back after the Indian banking regulator's curbs more than a year ago hurt much of its business. Consolidated net income was 1.23 billion rupees ($14.2 million) in the quarter through June, compared with a loss a year earlier, Paytm said Tuesday in a disclosure to stock exchanges. Analysts expected 1.27 billion rupees in losses, on average. The company cut expenses, including employee benefits costs, by 19% compared to the same quarter a year ago. Sales rose 28% to 19.2 billion rupees, the first increase in six quarters.
Independent Singapore
16 hours ago
- Politics
- Independent Singapore
'No career, no friends, no way out: Is the government sector a dead end?'
SINGAPORE: In the corridors of a government bureau, an employee sits gaping vacantly at the computer screen. Around, co-workers chatter over cups of steaming coffee, while others scroll through their phones nonchalantly. In the silence, a digital clamour is posted to Reddit: 'Anyone else miserable working in the government sector?' It was a question that hit a nerve with several fellow public servants and netizens. The original poster depicted a drab picture — a noxious workplace where gossip is currency, ambition is castigated, and people turn on others in a frantic clamber for limited prospects. 'Some in my department don't even pretend to look busy,' the poster bewailed. 'They openly play games on their phones. Others spend half the day gossiping… Information is weaponised. I don't have a single friend here, and I trust no one.' However, most hurtful was the comparison to peers in the private sector: 'Most of my friends earn several times more. Their grind feels worth it. I'm so jealous of my friend who resigned without a job lined up—she could afford to. I feel stuck here forever.' A familiar struggle What ensued was a torrent of reactions; a few were compassionate, others critical, but all profoundly expressive of the current public service experience. 'It sounds like a localised issue,' one netizen said. 'There are government departments where work overflows and people are swamped.' Another, more battle-hardened from experience, offered his opinion without the euphemisms: 'I've worked in three different agencies and all of them burnt me out mentally and physically. If you're pushing for promotion, you're in the rat race, but if you want to earn more, you need to get out. Government experience may not translate well to the private sector. It's your call.' For many, the sentiment was that the 'iron rice bowl,' a rewording for job security in the public sector, comes with its veiled risks. 'Sure, it's stable,' one commenter said. 'But it's an iron bowl on boiling water.' Is the grass greener? As the poster's observation triggered arguments, an obvious theme surfaced — the legend of the 'better' sector. See also AI may impact high-skilled professional jobs the most in SG 'Private sector may not necessarily be better,' several Redditors pointed out. 'You could be overworked and underpaid. At least here, you're underpaid but not overworked!' For the others, the stress-free pace of government work was a secret blessing: 'It's good to have little to do and still be earning income, lol.' However, not everyone viewed it that way. Others talked of government jobs with overwhelming assignments, extreme KPIs, and diminutive recognition. 'I work in the public sector too,' one netizen joined. 'It's always so busy for us—I wonder what line of work you're in!' The real enemy — disillusionment Underneath the opinions over workload, compensation, and status lies something more profound — disillusionment. The original poster's disappointment and misery aren't just about cash or toxic colleagues; it's about that sense of being trapped in a system where work devotion and trustworthiness don't result in progress, and effort doesn't always equate to reward and promotions. 'Even the scholars don't make as much as those in the private sector,' the original poster wrote. 'But at least they have the prestige.' Why am I staying? What would it take to leave? The thread echoed a universal truth — workplace unhappiness isn't exclusive to any one segment. Office politics, exhaustion, and inertia can be found in both public and private realms. What's important is positioning one's values with the environment, and not being scared of re-evaluating one's path. The original poster may still be at that solitary small table. But in expressing his frustrations online, he has kindled an unpretentious and candid dialogue, one that might help others ask the same tough question: Why do I stay? And what would it take to leave?
Bloomberg
a day ago
- Business
- Bloomberg
State Department Confirms China Barred US Citizen From Leaving
The US State Department confirmed that a US Patent and Trademark Office employee has been barred from leaving China, and said officials were working to resolve the situation. The department said the employee was 'made subject to an exit ban' while traveling in China 'in a personal capacity.'
CTV News
a day ago
- CTV News
London man charged in downtown weapons investigation
A London man is facing charges after a weapons investigation took place in the city's downtown on the weekend. Around 9:30 a.m. on Saturday, several 911 calls were made regarding a man with a knife at a restaurant near York and Talbot streets. Officers were told before the suspect ran from the scene; he allegedly took an employee's belongings from behind the cash register. No injuries were reported in the incident. Police found the suspect in the 300 block of York Street. During the arrest, the man reportedly became uncooperative, resisting arrest. Police deployed a conducted energy weapon and finished the arrest. The items stolen were recovered. As a result, a 55-year-old London man is facing charges for theft under $5,000 and resisting arrest.
Washington Post
2 days ago
- Washington Post
Work Advice: How to keep workplace tech off your personal phone
When a reader recently sought advice on how to get out of installing work-related apps on a personal cellphone, others were quick to point out the risks of using personal devices for work. Their concerns included granting the employer backdoor access to snoop on or even wipe the phone's data, or having the employee's personal phone seized for evidence in a legal case involving the employer.
