SALARY LEVELS
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.
Amazon Prime Refund: $3 million for customers after lawsuit alleges company made subscription cancellations complicated; also pledges $1.5 million for consumer protection
Amazon Prime Refund: Amazon has agreed to pay $3 million to eligible Prime customers in Arizona to settle allegations that its six-step membership cancellation process made it difficult for subscribers to end their memberships. The company will also contribute $1.5 million towards consumer protection, pay $1.5 million in legal expenses and donate $1 million to food charities. Amazon has denied wrongdoing.
Qualcomm initiates India layoffs: Here’s how much employees will get in severance
Qualcomm has begun implementing planned job cuts globally, affecting employees in India and the US (in California).
Tata AIG rejected ₹30 lakh accidental death claim citing alcohol consumption by the insured pensioner; here’s why family won the case
A family's claim for accidental death insurance was rejected by Tata AIG due to alleged alcohol influence at the time of an accident. However, the Tamil Nadu State Consumer Disputes Redressal Commission found significant evidentiary flaws in the insurer's case. The ruling mandated Tata AIG to compensate the family, highlighting the nuances of proving such exclusions in insurance claims.
Suvendu Sarkar rolls out Diwali bonanza for Bengal babus, hikes IAS allowances by 50%
The Suvendu Adhikari-led West Bengal government has announced a range of benefits for its IAS officers, including a 50% hike in monthly sumptuary allowances for senior officials, education loans of up to Rs 50 lakh for children's studies in India and abroad, and expanded foreign travel benefits under LTC. The package also includes housing, electricity and post-retirement benefits, along with allowances for official work-related expenses.
Horoscope Today, November 11, 2026: Libra Questions a Relationship, Scorpio Revisits the Past and Sagittarius Looks Beyond Current Limits
Today's transit of the Moon in debilitated Scorpio brings financial administration, personal leadership, and behind-the-scenes strategy to the forefront. Moving from Anuradha to Jyeshtha Nakshatra, the Moon emphasizes loyalty early in the day and tactical responsibility by afternoon. Libra benefits from a 2nd house focus on savings and family speech; Scorpio sees a 1st house transit in their own sign, enhancing self-reliance and authority; and Sagittarius experiences a 12th house focus on quiet work, rest, and managing hidden expenses.
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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.
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.
22-year-old man turns Green Gas meter update into Rs 32 lakh scam; Lucknow resident loses fortune after downloading WhatsApp APK
Lucknow Cyber Crime Police have arrested a 22-year-old man from Dhanbad, Jharkhand, over an alleged fake Green Gas meter update app scam that reportedly caused a loss of Rs 32 lakh. Consumers were targeted through WhatsApp messages asking them to install a fraudulent APK file. Here is how the alleged fraud operated and what police recovered during the arrest.
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.
Marco Rubio weighs leaving administration after GOP’s midterm loss
Secretary of State Marco Rubio is deliberating on his future within the Trump administration following the Republican midterm losses. He has discussed potential resignation options with White House officials, yet his decision remains undisclosed. The political landscape has shifted significantly, prompting considerations for his next career moves. Rubio's association with Trump's policies is currently under scrutiny from newly empowered Democrats in Congress.
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.
FICCI makes recommendations to FM ahead of Budget 2027-28, highlights LTCG exemption, TDS relief and faster tax appeals
FICCI has recommended the restoration of long-term capital gains tax exemption on listed shares in Budget 2027-28. The organization highlighted concerns regarding the withdrawal of foreign portfolio investments and the impact of capital gains tax. Additionally, it requested the government to implement lighter TDS rules and resolve backlog issues in tax appeals. FICCI emphasized the need for measures to provide certainty to investors over the long term.
Gold price correction to lift Dhanteras sentiment, but sales volumes likely to remain flat: Jewellers
The decline in gold prices is expected to boost demand this Dhanteras, All India Gem and Jewellery Domestic Council (GJC) Chairman Rajesh Rokde told.
Should my OCI son continue his Indian health insurance policy or take a new one?
ET Wealth Reader's Query: My son recently became an Overseas Citizen of India (OCI). Earlier, he had insurance coverage in India. Should he continue that or take a new one in India?
The business of running a hospital: Balancing profitability, patient trust and scale
A hospital’s financial health depends on more than occupancy and revenue, requiring a careful balance of cost control, cash flow and patient trust.
'Struggled in India, now own villas': Indian man's comparison of life abroad and homeownership sparks debate
An social media post comparing middle-class life in India with homeownership in the US and Canada has sparked debate. He questioned why some Indians who struggled financially at home appeared to afford villas and cars after moving abroad. While several users shared positive migration experiences, others argued that buying property overseas also involves substantial financial commitments.
Harrison Ford opts for cycling and tennis to stay ‘ripped’ in his 80s, mirroring Liam Neeson’s no-gym approach at 74
Harrison Ford, at the impressive age of 84, showcases extraordinary levels of fitness and vitality. His routine includes engaging in cycling and tennis, maintaining a focus on injury prevention alongside his active pursuits. Adopting a health-conscious diet rich in fresh fish and vegetables, he significantly minimizes meat and dairy consumption. The regime mirrors that of Liam Neeson who goes for no-gym approach.
Dubai in Transit: The megalopolis is trying to shake off nightmarish war months, but caution remains in the air
Dubai is struggling to regain business momentum eight months after Iranian missile strikes disrupted tourism, real estate and other sectors. While tourist arrivals and hotel occupancy have recovered from their March lows, the recovery has stalled amid renewed regional tensions.
Why are nearly 2,000 MBBS seats vacant in India? Private and state medical authorities ask NMC to step in
Despite numerous rounds of counseling, approximately 2,000 MBBS seats in India still remain empty. High tuition fees are deterring potential candidates from enrolling, especially in states like Karnataka and Tamil Nadu, where significant vacancies persist. Authorities are contemplating lowering eligibility cut-offs to fill these spots, prompting discussions on the accessibility of medical education and its future ramifications for students.
Biggest threat to middle-class is not layoffs, market crash or inflation: Gujarat CA reveals one thing quietly making all three worse
A chartered accountant has warned that biggets threat to middle class in the next few year is not layoffs, market crash or inflation. He has said that excessive lifestyle EMIs could become a major financial threat to India's middle class. From smartphones and holidays to personal loans, rising monthly repayments can leave households vulnerable to layoffs, market crashes and inflation.
Nikola Jokic Net Worth 2026: From second-round NBA draft pick to multimillionaire - How the Nuggets star made his fortune
Drafted as the 41st overall pick in 2014, Nikola Jokic has risen to stardom as a three-time NBA MVP and a champion. By 2026, his net worth is projected to reach around $120 million, bolstered by NBA salaries and lucrative endorsements. Following a landmark supermax deal in 2022, his earnings remain impressive, with partnerships with Sprite and a prominent Chinese sportswear brand, alongside strategic investments in Serbian properties and businesses.
MLB 2027 season is threatened with a lockout as owners push for salary caps, could this lead to missed games? Here’s all you should know
The Major League Baseball (MLB) is approaching a potential lockout as the collective bargaining agreement expires soon. Club owners are proposing a salary cap for the first time in decades, which may alter franchise valuations. While the MLB has not missed games since 1994 due to a strike, the upcoming season could be impacted. The players' association argues against this proposal, citing financial implications for them.
DA hiked by 3% to 63%: Know the impact of hike on salaries of Level 1-10 central government employees
DA hike news: In a significant update for central government employees, a 63% dearness allowance will be implemented for the period of July to December 2026. This marks a 3% rise in the current allowance, providing enhanced financial assistance. Level 1 employees can expect an increase of Rs 540 in their monthly salary.
8th Pay Commission salary calculator: What 7% increment rate means for employees with Rs 53,100, Rs 56,100 and Rs 67,700 basic pays
8th Pay Commisssion newsThe 8th Pay Commission held its final meetings in Mumbai, focusing on salary and pension reform for central government employees. Associations have proposed an annual increment rate of 5-7%, aimed at counteracting inflation and enhancing salaries. If implemented, these adjustments could lead to substantial pay raises over the coming decade, with definitive figures pending in the forthcoming report from the Pay Commission.
Denmark to launch new work permit scheme in 2027; sets DKK 322,000 as the minimum salary
Denmark is set to roll out a fresh work permit scheme for international workers from January 1, 2027. To be eligible, foreign workers must hold jobs that adhere to sanctioned collective agreements and fulfill salary standards. Employers are required to gain certification to join this initiative and affirm compliance with said agreements.
UK work visa applications fall 43%, and student visa applications drop 19% in latest figures
Applications for Skilled Worker and Health and Care Worker visas have declined sharply in the UK. The decline in student visa applications reflects stricter immigration rules and higher salary thresholds. Seasonal Worker route applications, however, saw a slight increase, contrary to other routes. Indian applicants must verify eligibility for dependants and current regulations before applying. Recent data highlight the broader impact of tightened immigration policies on overseas migrants.
Industrial DA hike for CPSE employees: Rate rises to 59.1% from October 1; check revised rates for 1997, 2007 and 2017 pay scales
The Ministry of Finance announced a revision in the Industrial Dearness Allowance rates for certain CPSE employees. This revision will be applicable starting from October 1, 2026, affecting various pay scales. Employees in board-level and supervisory roles will see an increase in their IDA rates. Different IDA rates will apply for those under distinct pay scales from 1987 to 2017.
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