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Thursday, November 27, 2025
TopicMass layoffs

Topic: Mass layoffs

McKinsey cuts about 200 tech jobs as it shifts more roles to AI

As encroaches on tasks carried out by humans, banks alone are likely to cut as many as 200,000 jobs in the next three to five years.

US Senate passes Federal Funding Bill aimed at ending 40-day government shutdown

The resolution would also reverse some of Trump’s mass federal workers layoffs during the shutdown and fund Supplemental Nutrition Assistance Program benefits for a year.

US Judges order Trump 2.0 to reinstate thousands of probationary workers fired during mass layoffs

A judge in Baltimore ruled 18 agencies violated regulations, while another San Francisco court ordered reinstatement of those fired from departments of defense & agriculture, among others.

US Education Dept to cut half its staff as Trump administration moves to downsize federal agencies

The terminations are part of the dept's 'final mission,' which oversees $1.6 tn in college loans, enforces civil rights laws in schools & provides federal funding for needy districts.

Wipro, TCS, to Infosys, why mass layoffs by Indian IT companies come at a social cost

Companies treat layoffs as a cost-cutting instrument to boost performance and expect to be rewarded by stock markets. But evidence contradicts this notion.

On Camera

Is Bangladesh ready for ‘developed country’ status? It’s all optics for Sheikh Hasina

The graduation is meant to bolster the legacy and legitimacy of Sheikh Hasina's Awami League, even as the real-world preparedness lagged behind the glossy narrative.

Karnataka startups feel the chill as global funding winter sets in. Fintech emerges as sole bright spot

The state raises just $2.7 billion in first nine months of 2025 compared to $4.5 billion last year, with late-stage investments hit hardest.

India and Indonesia inch closer to BrahMos deal, defence ties to ramp up

Indonesia delegation led by Defence Minister Sjafrie Sjamsoeddin visited BrahMos facility & met with top officials & undertook a detailed briefing on the missile system.

A tribute to Tejas. India’s delay culture is the real enemy in the skies

It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.