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Microsoft's ultimatum for underperforming employees: 16 weeks' pay or PIP

Economic Times

Economic Times · 4m ago

Microsoft's ultimatum for underperforming employees: 16 weeks' pay or PIP

Microsoft, following major layoffs in May, offers underperforming employees a choice: 16 weeks’ pay to voluntarily resign or face a Performance Improvement Plan (PIP) with a higher termination risk. Employees given this ultimatum have five days to decide. Choosing PIP bars them from future department transfers and reinstatement for two years if they leave. This strategy, part of Microsoft’s restructuring for performance clarity, coincides with ongoing AI and cloud expansion amid financial pressures.

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Apple tells dozens of employees in San Diego to move to Austin or face layoffs, report says

Business Insider

Business Insider · 1y ago

Apple tells dozens of employees in San Diego to move to Austin or face layoffs, report says

Apple has reportedly given an ultimatum to 121 employees in San Diego, asking them to relocate to Austin or face layoffs. The employees, who are part of the Data Operations Annotations team working on Siri, have until the end of February to make their decision. Most of the workers are said to be unwilling to move. This move comes after Apple issued a return-to-office mandate in March, requiring employees to be in the office at least three days a week.

Nomura to give average hike of 16% for younger brokerage staffers

Livemint

Livemint · 1y ago

Nomura to give average hike of 16% for younger brokerage staffers

Nomura Holdings is planning to provide an average salary increase of 16% to its younger employees at its flagship brokerage subsidiary starting April 1. The move aims to retain and motivate new recruits amidst intensified competition. This salary raise will include base wage increments and regular seniority-based raises and will affect Nomura Securities Co. employees with less than three years of service. Daiwa Securities Group Inc. is also considering a pay increase of 7% or more for local employees.

Microsoft is blocking Google Chrome through its family safety feature

The Verge

The Verge · 2m ago

Microsoft is blocking Google Chrome through its family safety feature

Microsoft's Family Safety feature has been blocking Google Chrome from opening on Windows for over two weeks, causing issues for users, particularly those employing it as a parental control tool. Other browsers like Firefox remain unaffected. Renaming the Chrome executable or disabling the web filter within Family Safety are temporary solutions. While Microsoft hasn't yet responded or provided a fix, similar issues have arisen from Microsoft's past efforts to promote its own Edge browser.

Samsung issues ‘no work, no pay’ warnings to protesting Indian employees. Layoffs on the cards? | Mint

Livemint

Livemint · 11m ago

Samsung issues ‘no work, no pay’ warnings to protesting Indian employees. Layoffs on the cards? | Mint

Samsung Electronics is facing a labour dispute at its manufacturing facility in Chennai, India. The strike has been ongoing for 16 days, with over 1,000 employees demanding the implementation of 20 demands. The company has responded by issuing warnings to striking employees, implementing a 'no work, no pay' policy, and threatening possible layoffs if the strike continues.

Microsoft employee disrupts Satya Nadella’s Build conference keynote

The Verge

The Verge · 3m ago

Microsoft employee disrupts Satya Nadella’s Build conference keynote

During Microsoft's Build developer conference, employee Joe Lopez interrupted CEO Satya Nadella's keynote to protest against the company's cloud and AI contracts with Israel. Lopez expressed his disapproval of Microsoft's technology use in the Gaza conflict. In an email to employees, he criticized Microsoft's leadership for ignoring the issue, accusing them of allowing technology misuse against Palestinians. The protest is part of a broader movement by current and former employees advocating against Microsoft's contracts with the Israeli government.

LGBTQ+ dating app Grindr’s Return-to-Office Ultimatum Has Gutted a Uniquely Queer Space in Tech

Wired · 1y ago

LGBTQ+ dating app Grindr’s Return-to-Office Ultimatum Has Gutted a Uniquely Queer Space in Tech

LGBTQ+ dating app Grindr faced backlash and union complaints when it mandated its remote employees to work in the office two days a week starting in October. Employees were given two weeks to accept this policy or lose their jobs. A total of 82 out of 178 employees, or 46% of the staff, rejected the mandate and were subsequently let go. The Communications Workers of America filed unfair labor practice charges against Grindr, accusing it of suppressing discussion of working conditions in company chats and through severance agreements offered to terminated employees.

Tiger Global's VC fund closes 63% below target with $2.2 billion

Economic Times

Economic Times · 1y ago

Tiger Global's VC fund closes 63% below target with $2.2 billion

Tiger Global Management fell short of its $6 billion target for its latest venture-capital fund, raising about $2.2 billion. This marks the smallest fundraising haul for the firm in around a decade. The difficult fundraising climate, with investors growing cautious about VC and private equity bets, has impacted many firms in the industry. Tiger faced additional challenges, including a change in leadership and a series of mark downs in its VC portfolio. The firm's PIP 16 fund will focus on backing startups in the US and India in the enterprise technology sector.

Microsoft issued cloud pricing ultimatum by EU states

Techradar

Techradar · 1y ago

Microsoft issued cloud pricing ultimatum by EU states

A group of European cloud infrastructure providers, known as CISPE, has issued an ultimatum to Microsoft, demanding an end to what they see as unfair competition. The group has accused Microsoft of engaging in discriminatory practices by offering discounts on its software when bundled with Azure cloud services, making it more expensive for competitors to run Microsoft products in their own clouds. CISPE has threatened legal consequences if negotiations with Microsoft do not result in a satisfactory resolution. This ongoing case adds to the existing scrutiny of Microsoft's cloud licensing terms by both the EU and the US FTC.

Poor office attendance? Forget performance bonus, TCS tells employees

Livemint

Livemint · 1y ago

Poor office attendance? Forget performance bonus, TCS tells employees

Employees at Tata Consultancy Services (TCS), India's largest IT company, will not receive performance bonuses if they fail to meet minimum attendance requirements, according to an internal memo. TCS has linked its work-from-office policies to quarterly variable pay or annual bonuses. Employees with less than 60% attendance or those attending office for less than three out of five days a week will be affected. The company aims to crack down on individuals who have been irregular in attending the office. TCS employees must attend the office for 45 hours a week or nine hours a day.

Flipkart’s fintech dreams: Rolls out UPI offering for select users

Inc42 · 1y ago

Flipkart’s fintech dreams: Rolls out UPI offering for select users

Flipkart has launched its Unified Payments Interface (UPI) offering for a select group of 10,000 users, with plans to scale up nationally in the coming weeks. The move is part of Flipkart's ambitions to establish a comprehensive payment technology ecosystem similar to Amazon Pay. In addition to expanding its fintech presence, Flipkart is reportedly planning to lay off around 1,000 employees as part of its annual performance review process. However, a source claims that the exact numbers are still speculative.

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