ReutersAmid reports of IBM India following in the footsteps of Infosys, Wipro, and others and planning the layoff of a large number of employees in the coming months, the IT giant has refuted the rumours and said that there aren’t such massive layoffs in the offing.”This is factually incorrect. We are not going to comment further on rumours and speculation,” NDTV Profit quoted a statement from IBM. The company has about 1,50,000 employees in the country and it was earlier said that about 5,000 of them were likely to be shown the door in the next few months.IBM has denied reports of the mass layoffs, but the ongoing performance appraisal may affect a few of the employees. Speaking of the same, a source told ET Now: “The process has started. Managers have been asked to identify underperformers,” and another revealed that the company is also not hiring anyone as of now.While the layoff reports may have created quite a buzz among employees in the IT sector, IBM explained that a few may be affected by the performance-based appraisal, which happens every year. “Re-skilling and rebalancing is an ongoing process as we accelerate the benefits of cognitive and cloud technologies for clients around the world,” the US-based firm said in a statement. Infosys campus in Bengaluru.Reuters FileIn the last week, a number of IT giants have made headlines for the job cuts planned in 2017. Infosys, Wipro, Cognizant, Capgemini, and many others were said to be laying off employees in the country. While some were accused of cutting jobs in India to hire workers in the US, others were said to be concentrating on cost optimisation.However, the companies later clarified through official statements that there were no mass layoffs in the pipeline and the sackings were on the basis of the employees’ performance. Sluggish global economy and automation were also said to be the reasons behind the job cuts. Hiring and headcount details based on company filings.Quarterly results and statements.Apart from laying off its employees, IT giants are also hiring a lesser number of employees each year as most of the companies now rely on digital services.”With automation, the number of people we are hiring in the past will not be the same. It will slow down a little bit. We are also looking at hiring very differential kind of people,” Indian Express quoted Krishnamurthy Shankar, executive vice-president, group head, human resource development, Infosys, as saying.Pankaj Bansal, co-founder and chief executive officer of PeopleStrong, noted that the job cuts due to automation may not show a drastic impact right away, but it will be visible by around 2020. “The change has started, with companies introducing bots for customer service, managing warehouses, etc.,” he told LiveMint.
Prime minister of Australia Scott Morrison speaks during the APEC CEO Summit 2018 at Port Moresby, Papua New Guinea, on 17 November 2018. Reuters File PhotoAustralia will not sign up to a United Nations migration agreement because it would compromise its hardline immigration policy and endanger national security, prime minister Scott Morrison said on Wednesday.Australia joins the United States, Israel and several Eastern European countries in rejecting the UN Global Compact for Migration, which asks signatories not to detain would-be migrants arbitrarily and to use detention only as a last resort.Morrison said that would jeopardise national security.”The global compact on migration would compromise Australia’s interest,” Morrison told 2GB Radio. “It doesn’t distinguish between those who illegally enter Australia and those who come the right way.”Under Canberra’s tough immigration policy, which has bipartisan support, asylum seekers arriving by boat are told they will never be allowed to settle in Australia.They are then detained in two detention centres on remote South Pacific islands until they are accepted by another nation or agree to return home. The camps have been widely criticised by the United Nations and human rights groups.”Australia is a textbook case of how not to treat boat arrivals, by sending them offshore to endure abysmal conditions for years and trying to shirk its international responsibilities onto less-developed countries,” said Elaine Pearson, Human Rights Watch’s Australia director.Australia’s rejection of the UN pact is the latest move to tighten migration through a series of policies that are likely to form a central element of Morrison’s bid for re-election at a national ballot that must be held by May 2019.Opinion polls indicate his conservative government is on course for a landslide defeat.Australia has an annual immigration cap of 190,000 places. Morrison said this week his government would likely reduce that threshold, a policy that is popular with voters.A Fairfax-Ipsos poll published on Monday found 45 per cent of voters wanted immigration reduced, while a little more than 20 per cent wanted an increase.Morrison’s government said in October it would restrict new immigrants from living in Australia’s largest cities – Sydney, Melbourne and Brisbane – for up to five years.Although likely to win favour with voters, critics argued such a policy could lead to labour shortages.Australia’s central bank governor said in August an influx of new residents had helped to underpin strong economic growth.
00:00 /01:07 Florian MartinEPA Administrator Scott Pruitt addresses attendants of CERAWeek at the Hilton Americas in downtown Houston.In a live interview from Houston Thursday morning, EPA Administrator Scott Pruitt said the science wasn’t settled on man-made climate change:“No, I would not agree that (carbon dioxide) is a primary contributor to the global warming that we see,” he told Joe Kernen at CNBC’s Squawk Box.Pruitt is at odds with scientific evidence presented by NASA and the National Oceanic and Atmospheric Administration, among others.He made no mention of CO2 during a luncheon event at CERAWeek.Instead, he spoke about his agenda for the EPA, outlining how it will be different from when it was led by the Obama administration.“For the last several years, we have adopted a mindset that you can’t be pro-energy and pro-environment, that if you’re pro-environment, you’re anti-energy,” he said. “And that’s just simply a narrative that I utterly reject.”To achieve his goal, Pruitt said the EPA will do less suing and more taking public comments before making new rules.He also wants to eliminate what he calls “regulatory uncertainty” and give more power to the states when it comes to environmental regulations.When Pruitt was Oklahoma’s attorney general, he took legal action against the EPA more than a dozen times for what he saw as regulatory overreach. Share Listen X To embed this piece of audio in your site, please use this code: