HR

Flipkart has announced key senior leadership appointments, naming new vice presidents for finance and human resources as the e-commerce major sharpens its focus on governance, growth and organizational readiness. The move comes at a strategic phase for the company as it scales operations, deepens market penetration and strengthens internal processes. Industry observers view the appointments as part of a broader effort to reinforce financial discipline and talent management in an increasingly competitive digital commerce landscape.

Quess Corp reported a solid improvement in profitability for the third quarter, with profit after tax rising 32% year-on-year to Rs 55.09 crore. The performance was supported by operational efficiencies, steady demand across key service lines and disciplined cost management. Despite a mixed macroeconomic backdrop, the workforce management and business services provider benefited from improved execution and selective growth in high-margin segments.

TeamLease Services Ltd., a key player in India’s human resource and staffing industry, reported a 29% year-on-year growth in net profit for the first quarter of FY2025, reaching Rs. 25 crore. The growth was driven by rising demand for flexi-staffing solutions, expanding client base, and improving operational efficiency. Revenue also showed healthy traction, backed by sustained job creation in sectors like retail, e-commerce, and BFSI.

Infosys has announced a far-reaching skill development program aimed at empowering half a million job seekers across India with essential digital competencies. Designed to address the evolving demands of the global technology landscape, this initiative reflects Infosys’ commitment to fostering employability and bridging critical skill gaps in areas like cloud computing, artificial intelligence, and cybersecurity.

Darwinbox, a leading HR tech startup, has successfully concluded its third employee stock ownership plan (ESOP) buyback, disbursing Rs. 86 crore among over 350 employees. The move underscores the company's emphasis on cultivating a culture of ownership and rewarding its workforce. The buyback spans employees across 11 international offices, including India, North America, Southeast Asia, and the Middle East. This initiative follows Darwinbox’s recent capital infusion of USD 140 million in March 2025, which brought global investment firms Partners Group and KKR on board.

In a decisive shift underscoring the accelerating role of artificial intelligence in enterprise operations, IBM has announced a global workforce reduction affecting approximately 8,000 employees. The layoffs, concentrated primarily within the Human Resources (HR) division, mark a significant reallocation of resources as the tech giant intensifies its investment in AI-driven technologies. CEO Arvind Krishna emphasized that the operational efficiencies enabled by AI are being redirected towards strategic hiring in marketing, software engineering, and sales.

Tata Consultancy Services (TCS), India’s largest IT services firm, reported a 4.6% rise in CEO K Krithivasan’s total remuneration to Rs. 26.52 crore for the fiscal year 2024–25. This increase comes amid modest salary hikes for the broader workforce and a slight decline in research and development spending. TCS’s annual report also highlights trends in workforce composition, promotions, and global economic headwinds that may influence business operations going forward.