HR News: 10 Nov, 2023

1.

35 from Goldman Sachs’ India team elevated to MD role

The global financial institution has asked 608 individuals from 44 of its offices, globally, to be part of the managing director class, recognising their significant contributions to the success of the business. Acknowledging the contributions made by 608 of its team members from across 48 of its global offices, representing 52 countries of citizenship, Goldman Sachs has invited them to be part of the Managing Director Class of 2023. The financial institution has chosen these individuals for the valuable contributions they have made to the success and growth of the business. This select list comprises individuals who uphold the culture of Goldman Sachs and have done their bit to help the institution maintain its status as an innovative and collaborative workplace pursuing excellenceThe chosen 608 people will take on managing director roles starting 1 January 2024.While 56 per cent of those on the list are from the Americas, 29 per cent are from EMEA, five per cent from India and 10 per cent from the Asia Pacific.

 

2.

Karnataka HC denies KPTCL’s appeal to reverse  reinstatement of depressed employee

The employee was fired for being absent for 632 days due to depression. The Karnataka High Court denied Karnataka Power Transmission Corporation’s (KPTCL) request to reverse the reinstatement of a station attendant who was fired for being absent from work without authorisation for approximately 632 days due to depression. Chief Justice Prasanna B Varale and Justice Krishna S Dixit who made up the division bench upheld the decision of a single judge who had affirmed the labour court’s 2019 ruling to reinstate S. Kiran. Kiran was to return to work without receiving back wages but with the assurance of permanent service. KPTCL’s appeal against this decision was dismissed.

 
3.

Social-media hate post costs Apple employee her job

The said employee called herself a ‘proud German’ and stated that Jews were “only capable of invasions”. Natasha Dach, employee of Apple, was fired by the tech firm for spewing hatred for Jews on social media. While she flaunts her German blood with pride, she calls the Jews “only capable of invasions”, accusing them of “sneaking into countries and “stealing people’s jobs”. She calls Jews bullies and terrorists who believe in torturing others. Her hate post drew the wrath of #StopAntisemitism — an American non-profit entity that works to combat anti-Semitism — and drove Dach’s employer, Apple, to terminate her employment. This is not the first time that a social-media post has led to termination. In October 2023, Nozima Husainova, a personal banker at Citigroup posted a comment that seemed to suggest that Hitler was right in getting rid of Jews during the Holocaust, hardly realising that it would cost her her job.