Friday, May 30, 2025




Fashion and lifestyle e-commerce platform Myntra has created over 20,000 employment opportunities through its partners for the 22nd edition of its flagship End Of Reason Sale (EORS), scheduled from May 31. These additional roles will support logistics, customer service, and last-mile operations.

This additional workforce in the warehouse includes 22% women, fulfilling roles such as sorting, grading, and packing across the fulfillment centers in Bengaluru, Mumbai, Kolkata and Delhi. Reflecting geo-diversity, the additional workforce has representation from various parts of India, including states like Arunachal Pradesh, Assam, Bihar, Chhattisgarh, Jharkhand, Mizoram, Odisha, Tripura, West Bengal, Himachal Pradesh, Punjab, Rajasthan, Uttar Pradesh, and Uttarakhand.

Of the 20,000 people, ~4500 delivery partners and ~1000 customer champions have been added in the last mile operations and contact center in the last mile operations and contact center, respectively. Backed by a robust supply chain, through Myntra’s distribution centers and the renowned Kirana network - Myntra Extended Network for Service Augmentation, Myntra’s delivery network, spread across 98% of the serviceable pincodes in the country, will serve as the backbone for the 22nd edition of EORS.

“The creation of over 20,000 employment opportunities for the 22nd edition of EORS to meet the expected surge in demand is a testament to our ‘Customer First’ commitment. It is great to see a strong representation of women and the inclusion of people from diverse regions,” said Govindraj MK, CHRO, Myntra.

#MyntraHiring
#JobCreation
#EcommerceJobs
#HiringAlert
#WorkWithMyntra
#EmploymentOpportunities
#RetailJobs
#IndiaJobs
#MyntraCareers
#HiringNow

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Wednesday, May 28, 2025

DOL rescinds Biden-era warning against offering cryptocurrency in 401(k) plans

 



The exterior of the U.S. Department of Labor is seen Aug. 15, 2006, in Washington, D.C. The department noted that while the new guidance specifically references cryptocurrency, the same considerations should be made regarding other digital assets like tokens, coins or crypto assets


Dive Brief:The U.S. Department of Labor’s Employee Benefits Security Administration on Wednesday rescinded a Biden-era warning that cautioned 401(k) plan fiduciaries against offering cryptocurrency options. The 2022 guidance urged fiduciaries to exercise “extreme care” before adding cryptocurrency to their investment menus.
The guidance’s language “deviated from the requirements of the Employee Retirement Income Security Act and marked a departure from the department’s historically neutral, principled-based approach to fiduciary investment decisions,” DOL said in a news release.
DOL said its decision to rescind the guidance “reaffirms its neutral stance” on whether fiduciaries include cryptocurrency in a plan’s investment menu.

Dive Insight:

“The Biden administration’s department of labor made a choice to put their thumb on the scale,” U.S. Secretary of Labor Lori Chavez-DeRemer said in a statement. “We’re rolling back this overreach and making it clear that investment decisions should be made by fiduciaries, not D.C. bureaucrats.”

DOL said the standard of “extreme care” included in the 2022 guidance is not included in ERISA and is a departure from and the act’s ordinary fiduciary principles in a compliance assistance release issued Wednesday.

Instead, “ERISA itself requires that a fiduciary curate a plan’s investment menu ‘with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims’ for the ‘exclusive purpose’ of maximizing risk-adjusted financial returns to the plan’s participants and beneficiaries,” DOL said in the compliance assistance document.


The department noted that while the new guidance specifically references cryptocurrency, the same considerations should be made regarding other digital assets like tokens, coins or crypto assets.

In its 2022 guidance, DOL warned about the risks to participants’ retirement accounts that cryptocurrency could pose, including fraud, theft and loss. The department at the time characterized these investment options as speculative and volatile and noted that participants “are less likely to have sufficient knowledge about these investments, as compared to traditional investments, or to have the technical expertise necessary to make informed decisions about investing in them.”


The Biden administration’s warning against cryptocurrency was published March 10, 2022, and was the subject of an lawsuit by that June, in which a retirement plan provider unsuccessfully alleged that the federal government overstepped its authority in cautioning employers against offering cryptocurrency as an investment option.

#CryptoInRetirement
#401kCrypto
#DOLPolicyChange
#RetirementReform
#DigitalAssetsIn401k
#CryptoRegulation
#FinancialFreedomAct
#RetirementSecurity
#CryptoInvesting
#RetirementPlanning
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Tuesday, May 27, 2025

IBM fires 8,000 for AI efficiency—then quietly rehires to fill the gaps




In 2023, IBM made global headlines for laying off around 8,000 employees—most from its human resources division—as it rolled out a proprietary AI platform, AskHR, designed to automate repetitive administrative functions. Yet, instead of shrinking its overall workforce, IBM ended up hiring just as many people again, this time in areas far removed from traditional HR.

The transformation, as detailed in a recent interview with CEO Arvind Krishna in The Wall Street Journal, reveals a strategic workforce pivot: replace routine jobs with automation, and reinvest in roles that require human creativity, problem-solving, and customer engagement.

AskHR was engineered to streamline processes like vacation requests, payroll management, and employee documentation. The AI system now handles approximately 94% of these tasks and logged over 11.5 million interactions in 2024 alone. The impact was not only functional—IBM reported a significant customer satisfaction boost, with its net promoter score climbing from -35 to +74.

The productivity gains were also hard to ignore. IBM estimates that automating HR tasks led to a $3.5 billion improvement in efficiency across more than 70 job roles globally.

But the surprise was in the headcount. Despite job cuts, IBM’s total workforce actually grew. “Our total employment has gone up,” Krishna told WSJ. “AI lets us redirect investment into areas that need human touch — such as software engineering, sales, and marketing.”

This shift captures a broader industry trend: AI is not simply replacing jobs—it’s reshaping them. Routine roles are phased out, while demand grows for people who can design, implement, and commercialise AI-driven solutions. The message from IBM is clear—automation can be a growth driver if businesses are prepared to reimagine their workforce and reinvest strategically.

Other companies have attempted similar transitions with mixed results. Language learning platform Duolingo, for instance, leaned heavily on AI chatbots, only to find the tech couldn’t fully replace human tutors. The company had to rehire to fill service gaps. IBM avoided this pitfall by acknowledging AI’s limitations—around 6% of HR-related queries still require human assistance.

The AskHR platform succeeded because it was implemented with a long-term talent strategy. Rather than viewing automation as a cost-cutting exercise, IBM treated it as a lever for reinvention. Its decision to replace HR tasks wasn’t the end of the conversation—it was the start of a new hiring cycle focused on high-impact, less automatable roles.

For leaders in HR and business transformation, IBM’s approach offers both a warning and a roadmap. Automation will eliminate roles—but those roles can and should be replaced by more future-ready positions. The key lies in reskilling, internal mobility, and redesigning workforce strategies around business value, not just operational efficiency.

IBM now employs over 270,000 people globally. It has shown that even aggressive automation need not lead to net job loss. What it demands instead is agility—both in tech adoption and in people strategy.

The company’s AI pivot illustrates the future of work: less about headcount reduction, more about talent reallocation. In an era where AI is rapidly altering job design, IBM stands out for leveraging automation as a springboard for workforce transformation rather than just a blunt tool for downsizing.

#AIinWorkplace
#FutureOfWork
#AutomationImpact
#TechLayoffs
#WorkforceTransformation
#HRandAI
#JobDisplacement
#DigitalWorkforce
#AIReskilling
#CorporateStrategy


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Monday, May 26, 2025

Delhi Government’s Sewer Connection Initiative

 



The Delhi government received boost for its sewer connection initiative. The Centre approved Rs 800 crore in financial assistance under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) scheme 2.0. This funding is very important for providing sewer connections in slums and unauthorised colonies. The approval came during a meeting between the Delhi Jal Board (DJB) officials and the apex committee responsible for implementing the AMRUT scheme.
About AMRUT 2.0Launched on: 1st October 2021.
Duration: 5 years – from 2021-22 to 2025-26

Main Objectives:Water Supply: Ensure 100% water supply coverage in about 4,900 towns (expanded from 500 cities in AMRUT 1.0).
Sewerage/Septage Management: Cover 500 cities that were part of AMRUT 1.0 with modern sewage treatment and septage systems.
Circular Water Economy:Promote reuse of treated water, conserve water, and revive water bodies.
Cities must prepare a City Water Balance Plan (CWBP) for better water management.
Reforms & Improvements: Improve citizen ease of living by reducing non-revenue water (water that is lost or unbilled) and improving urban planning and city finances.

Key Components of AMRUT 2.0:Pey Jal Survekshan:A survey to:Ensure fair water distribution.
Promote wastewater reuse.
Map water bodies.
Encourage competition among cities.
Technology Sub-Mission for Water: Use the latest global water technologies in Indian cities.
IEC Campaign (Information, Education & Communication): Create public awareness about water conservation and responsible usage.
Financial Overview

The Delhi government plans to install approximately 13,000 new sewer connections in slum areas. Additionally, it aims to provide 2.5 lakh sewer connections in unauthorised colonies. The total financial assistance from the Centre is Rs 804.58 crore, while the remaining funds will be sourced from the Union Territory’s budget. The overall project cost is estimated at Rs 3,104.57 crore.
Yamuna Cleaning Project

The project includes a comprehensive plan for cleaning the Yamuna River. The aim is to reduce untreated water flowing into the river. The Delhi government has committed to recycling and reusing 50 million litres of water daily. This effort will also enhance the sewage treatment capacity in the city.
Sewage Treatment Plants (STPs)

Currently, Delhi has 37 STPs, with 18 undergoing upgrades to improve treatment capacity. The DJB has initiated the Interceptor Sewer Project to manage wastewater effectively. This project will divert wastewater from drains to the nearest STP. However, challenges remain, particularly with drains like Najafgarh, where trapping is not feasible.
Community Impact

The initiative aims to benefit around 35 lakh residents across 416 unauthorised colonies and 115 villages. This will improve sanitation and public health in these areas. The Delhi government has prioritised the water and sewerage sector, allocating Rs 9,000 crore in the 2025-26 Budget. Chief Minister Rekha Gupta also announced Rs 500 crore for STP repairs.
Future Strategies

The Delhi government is focusing on a holistic approach to sewage management. This includes audits of existing STP capacities and strategies for sludge processing and reuse. The emphasis is on sustainable practices that align with urban transformation goals.


#BusinessGrowth
#Entrepreneurship
#SmallBusiness
#BusinessStrategy
#Leadership
#Innovation
#Startups
#MarketingStrategy
#BusinessDevelopment
#SuccessMindset


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Sunday, May 25, 2025

Workday layoffs: Human capital management firm to slash 8.5% of workforce amid AI surge

 




Workday, a leading human capital management firm, has announced plans to lay off approximately 1,750 employees, representing about 8.5% of its global workforce. This decision is part of a strategic shift to prioritize artificial intelligence (AI) and streamline operations.

📉 Restructuring Details:

The restructuring is expected to incur costs between $230 million and $270 million, primarily for severance payments and related expenses. Affected employees in the U.S. will receive a minimum of 12 weeks' severance pay, with additional compensation based on tenure. Workday has also pledged to provide career services, immigration support, and extended stock vesting options to those impacted
 
📊 Financial Performance:

Despite the workforce reduction, Workday reported strong financial results, with a 13.4% year-over-year increase in subscription revenue to $2.06 billion. Analysts maintain a positive outlook, with 77% of them rating the stock as a "Buy" or equivalent .
This move aligns with broader industry trends, as companies across various sectors are restructuring to integrate AI technologies and adapt to changing market dynamics .

#WorkdayLayoffs
#AIinHR
#DigitalTransformation
#FutureOfWork
#AIImpact
#HRTech
#TechLayoffs2025
#WorkforceAutomation
#HumanCapitalManagement
#ReskillingRevolution

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