HR News: 17 Oct, 2016

1.

HP may cut up to 4,000 jobs by 2019

The company is facing a subdued market with its shares coming down 1.3 per cent in extended trading.

HP Inc., the American multinational IT major, recently shared that it expects to cut about 3,000 to 4,000 jobs over the next three years, as the maker of printers and personal computers continues to struggle with a subdued market, sending its shares down 1.3 percent in extended trading.

HP, the hardware business holder of former Hewlett-Packard Co, has earlier said in February that it would accelerate its restructuring programme and slash around 3,000 jobs by the end of this fiscal.

HP chief executive, Dion Weisler said the market continued to be volatile, facing pressures and uncertainties.

2.

Deutsche Bank imposes hiring freeze

The hold on recruitments is in response to the prospect of a multi-billion-dollar legal penalty.

Deutsche Bank, the German multinational banking and financial services company has reportedly declared a freeze on hiring new staff, amid investor fears that a pending US fine could cripple the bank.

The German lender apparently sent its managers a memorandum about the freeze last week, which probably would not apply to the compliance department responsible for ensuring that the staff abide by the law.

The hold on hiring is the latest in a series of responses by the management to the mounting crisis of confidence rising from the prospect of a multi-billion-dollar legal penalty.

3.

Workplace: Facebook’s new business version

Redefining interaction and engagement of co-workers at work, Workplace will now be available to all interested organisations.

Facebook, the social networking platform certainly got people addicted to it, so much so, that there was a time organisations prevented employees from using it at work. Infosys, for instance, had banned the use of Facebook at work, for a long time. However, little did the corporate world know that Facebook will come out with an alluring new face to pique the interest of organisations across sectors and geographies.

While the world was hooked to Facebook for social networking, Facebook itself had an internal version of the app that the employees used to stay connected at work. Taking this further, the company started testing a version for the workplace, with a few other organisations over a year ago. Now, more than 1,000 organisations around the world use Workplace (formerly known as Facebook at Work). People have created nearly 100,000 groups and the top five countries using Workplace are India, Norway, UK, France and the US.

With an overwhelming response from these organisations, Facebook recently announced that Workplace will now be available to any company or organisation that wants to use it. The workplace is about a lot more than just communicating between desks within the walls of an office. Some people spend their entire workday on the go, on their mobile phones, while others spend all day out in the field, or on the road.