IT SALARIES
Qualcomm layoffs severance package: 3 months' salary, extra payout based on years of service & one more month's pay for signing exit papers within 3 days; what employees are being offered
Qualcomm has reportedly begun laying off employees in India as part of a global workforce restructuring exercise that could affect around 1,000 staff, or 5–6% of its workforce in the country. Reports suggest affected employees may be offered three months' salary as severance, with additional compensation based on tenure and an extra month's pay for those who sign exit documents within three days. Qualcomm has not publicly confirmed the reported severance package.
Mumbai domestic cook goes on foreign holiday while many office-goers struggle to save. Ex-banker shares a financial lesson for salaried Indians
An ISB MBA graduate shared how his Mumbai cook earns Rs 1.05 lakh monthly, while his household income reaches Rs 1.5 lakh. Despite earning less than some corporate professionals, the 34-year-old saves through disciplined spending, multiple employers and minimal lifestyle expenses. He is now preparing for his first international holiday to Thailand with friends.
Farmer's son from small Tamil Nadu village builds Rs 1.5-crore software business after quitting nine-year Chennai IT career & starting with just two laptops
Eswaran Arumugam started his software company, Yaa Creations, in Tamil Nadu with Rs 1 lakh borrowed from his brother and just two laptops. After facing financial difficulties, Covid-19 disruptions and Rs 5 lakh in debt, he gradually expanded the business. Based in Rasipuram, Namakkal, the company now has 26 employees, clients across seven countries and undertook projects worth Rs 1.5 crore in 2025, as per a YourStory report.
Economic advancement can’t be judged through a single income figure, other conditions apply
India’s creamy layer debate has renewed focus on whether income alone can measure socioeconomic advancement. The Supreme Court’s March 11 judgment, upheld last Friday, said parental salary cannot be the sole criterion for determining creamy layer status among OBCs; occupational and service status must also be considered.
H-1B visas in focus :IBM to end green card sponsorship for roles in biggest unit
IBM is ending H-1B visa and green card sponsorship for most roles in its consulting division, its largest business unit with more than 150,000 employees, amid the Trump administration's crackdown on the visa programme. Affected employees can continue working for the company outside the US or leave by the end of the year, according to an internal document seen by Bloomberg.
Red Fort blast: Al-Falah University now functioning under Haryana govt; tight security on campus
After the November 2025 Red Fort blast, Al-Falah University came under government control due to serious investigations. All 200 MBBS seats were filled this admission cycle under a transparent process overseen by authorities. A strict verification process for faculty and students has been implemented to ensure security on campus. Investigations into prior faculty members and staff were conducted due to alleged terrorist affiliations.
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India's unemployment rate falls to 5.1% in July-September as rural joblessness declines
India's unemployment rate saw a decline to 5.1% from 5.4% in the prior quarter. The decrease in unemployment primarily occurred in rural areas, where it fell to 4.3%. The survey indicated that more individuals were either working or seeking jobs during this period. Women's employment participation also improved, rising to 34.7% from 33.2%. The overall employment figure reached approximately 57.9 crore individuals in India.
EPFO’s November 19 meeting to be held in New Delhi: Can EPFO increase minimum EPS pension from Rs 1,000?
The Employees' Provident Fund Organisation is gearing up for its 240th Central Board of Trustees assembly, scheduled for November 19, 2026, in New Delhi. However, official confirmation from the government about these proposed changes is still pending, even as calls for enhanced pension benefits persist.
France eases job-loss rules for foreign workers, cuts residence permit processing time
France has introduced significant immigration changes from October 30, 2026, giving foreign workers more time to find new jobs after unemployment and reducing residence permit processing timelines. Under the revised rules, Temporary Worker permit holders get three months to secure new employment, while EU Blue Card holders get six months without immediately losing their residence status.
Your Social Security check faces a 22% cut risk: The funding shortfall that could cost retirees $2,700 a year
Social Security’s 2032 warning: Millions of retirees could receive smaller monthly checks if the retirement trust fund runs out of reserves. Payroll taxes would still finance payments, but cover only 78% of scheduled benefits, according to trustees. Congress could prevent the reduction through legislation. Until then, workers may need additional retirement savings through 401(k) plans and IRAs.
NASA is hiring astronauts for future Moon missions: Who can apply, what tests must you pass and how to get selected?
NASA is recruiting its next class of astronauts, with selected candidates potentially preparing for future Moon missions and living at a lunar base. The agency is accepting applications from qualified US citizens, including candidates with master's-level nursing degrees. Here's a look at the eligibility criteria, experience requirements, $164,395 starting salary and application deadline.
Microsoft reports $36 billion quaterly profit, employees complain salary raises below 1%, describe workplace as 'joyless and demoralizing' after 60,000 people receive buyout offers
Microsoft reported a 32% jump in quarterly profit to $36.6 billion but its employees complain of salary increases below 1%, rising workloads and pressure to use AI tools. An open letter describes the workplace as “joyless and demoralizing” following voluntary buyout offers to around 60,000 employees across four countries.
China is the world's factory but still can't give jobs to youth: Sridhar Vembu says India has a problem that is about to get worse
China's position as the world's manufacturing powerhouse has not prevented a growing employment challenge among its educated youth. Despite its massive industrial base, advanced technology capabilities and a merchandise trade surplus of nearly $1.2 trillion, around 70% of unemployed people in the 20-24 age group reportedly hold university degrees. Zoho founder Sridhar Vembu has highlighted this contradiction, warning that India could face a similar problem.
This European country is offering 3 days off from work to play GTA 6, but there's a catch
The course is not a GTA 6 gaming holiday. It uses open-world games as a learning environment to teach skills that can be applied to professional life. The timing has gained attraction because participants may be able to explore a newly released game while attending an officially recognised educational programme.
Rs 8.02 lakh leave encashment tax exemption denied: Retired employee wins case in ITAT Surat
Retiree Mr. Patel from Bharuch, Gujarat, sought a complete tax exemption on Rs 8.02 lakh of leave encashment. Initially, his company certified only Rs 3 lakh as exempt. The Income Tax Department later imposed tax on an additional Rs 5.02 lakh. To challenge this ruling, Patel approached the Income Tax Appellate Tribunal in Surat, which sided with him, citing the Department's failure to provide justifiable reasons.
Four-time NBA champion Klay Thompson has reportedly made $180 million in 15 years: Here’s a look at his contract, salary and off-court earnings
Klay Thompson has amassed an impressive net worth of $180 million over his 15-year tenure in the NBA. Launching his professional career with the Golden State Warriors in 2011, he has since clinched four NBA championships. Beyond basketball, Thompson enhances his wealth through endorsements and sponsorships, collaborating with numerous brands. Additionally, he made a cameo in 'Space Jam: A New Legacy.
8th Pay Commission: Rs 69,000 minimum pay, 40% HRA, 67% pension; 5 key NC-JCM demands and their impact on payouts
The National Council of the Joint Consultative Machinery has submitted essential recommendations to the 8th Pay Commission that could impact central government employees. Key proposals include a significant increase in minimum pay, pension, and annual increments. The council also suggests revising house rent allowance rates and allowing leave encashment for up to 600 days. If implemented, these changes could benefit over one crore employees and pensioners financially.
Who is Rashee Rice? Why Kansas City Chiefs wide receiver filed for bankruptcy despite lucrative NFL contract
Rashee Rice, the Kansas City Chiefs wide receiver, filed for Chapter 7 bankruptcy on November 4, 2026. His debts totaled over $3.45 million, largely due to civil lawsuits from a serious car accident. Rice was involved in a crash in Dallas while driving at a high speed, leading to numerous legal issues. He has assets worth only $677,054, including his Super Bowl ring, which was used as collateral.
68.4% respondents in survey plan job change in 2027; half seek 31%-plus pay hike: Survey
According to a recent survey, 68.4 percent of Indian professionals are planning to explore new job opportunities in 2027. Career growth is identified as the primary motivation for changing jobs, with high salary expectations influencing decisions as well. The report highlights that most professionals feel confident about their job prospects in the evolving job market. Many are actively engaged in upskilling, especially in AI.
After laying off thousands, Meta now offers voluntary exit packages like Google and Microsoft. Here's all you need to know
Meta has launched a voluntary exit programme in France, designed to reorganize its team while pivoting towards artificial intelligence development. This attractive package includes severance pay, mobility leave, and extensive career support for transitioning employees. This initiative reflects a growing trend in the tech industry, as companies like Google and Microsoft are also adopting similar voluntary separation strategies. Employees wishing to participate must apply by November 5.
Ramayana actor Ravie Dubey once struggled to afford food. How he went from earning Rs 10,000 per month to building a Rs 80 crore fortune
Ramayana actor Ravie Dubey's journey took a tumultuous turn when he relocated to Mumbai to pursue engineering after 2001. Battling academic setbacks and the weight of societal expectations led him into a dark phase of mental health struggles. However, a serendipitous audition while studying shifted his trajectory, leading to his first paycheck in 2005. His breakout role came with the series Saas Bina Sasural in 2010, followed by Jamai Raja in 2014.
Google voluntary buyouts: What's the exit package, which teams qualify and how many employees are eligible after Microsoft's similar offer?
Google Voluntary Exit Programme Details: Google has expanded its voluntary buyout programme to selected employees in five countries. The offer comes as Microsoft rolls out a similar voluntary exit scheme covering around 60,000 employees. Here's a look at Google's severance package, eligible teams and the number of employees who could opt for the offer.
CBDT issues new clarification on BSNL-MTNL VRS-2019 compensation: Will it affect retirees' income tax benefits?
The CBDT issued a notification clarifying that ex-gratia compensation for BSNL and MTNL VRS-2019 is not retrenchment compensation. This compensation is governed by Section 10(10C) of the Income-tax Act, allowing tax exemptions under certain conditions. Employees must review their tax claims to ensure compliance with this clarification. Compensation exceeding five lakh rupees will remain taxable as salary income.
Ahead of Diwali, Gujarat govt hikes DA by 3% for employees, pensioners
The Gujarat government has announced a 3% Dearness Allowance hike for 4.62 lakh serving employees and 5.07 lakh pensioners ahead of Diwali. Effective from July 1, 2026, the increase will bring four months of arrears with November salaries and pensions, costing the state Rs 523 crore in arrears.
Beyond Equity: Jiraaf’s Saurav Ghosh on how to customise your portfolio, and the importance of bonds
An investment portfolio should be customised to one’s own needs, because there tends to be no one-size-fits-all portfolio. The idea is to ensure financial goals are realised across timelines and not just a decade or twenty years later. Jiraaf founder, Saurav Ghosh, talked about the customisation, profit margins, risk management and more when it comes to allocating a part of one’s portfolio to bonds. Read on!
Middle class spending boom in India comes with growing debt bill
Consumer borrowing in India has surged significantly as access to credit has expanded across the population. Individuals like Navjot Singh illustrate the financial burdens incurred from loans that have become widespread among the populace. As interest rates increase, many consumers face a heightened risk of default on their debts. Reports show that borrowing against gold and informal loans has also intensified in recent years.
'One layoff can expose years of poor financial planning': Man earning ₹40 lakh LPA gets laid off, reveals ₹2 crore home loan, ₹30 lakh personal loan and pending car EMIs
After losing a job with a salary of ₹40 lakh per annum, a man faces severe financial stress. He has ongoing loans, including a ₹2 crore home loan and a ₹30 lakh personal loan. With a baby on the way and just two months of savings left, he struggles to meet the demands. Although he received job offers at half his previous salary, he is uncertain about accepting them.
36-48 months of salary as Diwali bonus, rumours or true? Micron's bonanza to Indian employees confirmed by techie
Micron employees in India are reportedly receiving massive Diwali bonuses, with some payouts allegedly running into several times their annual salaries. Reddit discussions and posts on X have highlighted claims of employees receiving lakhs in cash and additional stock awards. One recently hired employee reportedly received Rs 12 lakh in cash and Rs 8 lakh worth of RSUs against an annual package of Rs 7-8 lakh.
Diwali bonus dilemma: Should a nanny earning Rs 40,000 per month from Pune family get the same festive monthly bonus as a maid?
A Pune family’s question about how much Diwali bonus to pay its domestic workers has led to a debate on Reddit. The family pays its nanny Rs 40,000 per month, compared with Rs 7,000 for its cook and Rs 4,000 for its maid, and is unsure whether the nanny should receive an entire month's salary as a festive bonus. While some Reddit users suggested paying 10-50% of her monthly salary, others argued that one month's salary is the customary Diwali bonus.
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