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Amazon boosts starting pay for US operations staff to $20/hour, with total compensation exceeding $32/hour. This wage increase reflects the company's commitment to employee welfare and competitive pay in the labor market. As Amazon continues to expand, these changes aim to attract and retain talent in a competitive environment.
Adidas is reportedly laying off 45-50% of its Gurgaon Tech Hub workforce, affecting around 700 employees. This includes software engineers, data scientists, and data engineers. The layoffs come as part of a broader restructuring effort, raising concerns about job security in the tech sector.
EQT Group announces a $50 billion investment plan to expand its presence in India over the next four years. This strategic move will focus on data centers, infrastructure, mid-market companies, venture capital, and secondary transactions, marking a significant shift from traditional large buyouts. The investment aims to tap into India's growing market potential and diversify EQT's portfolio.