A Citrix study said that 52% of people want a hybrid model — an option to choose to WFH or office. It went on to say that 16% don’t want to return to the office and would prefer a permanently WFH role. 45 % will change jobs to stay in flexible and remote work options. Tim Minahan, Executive VP of Strategy, Citrix said “both companies and employees have seen the benefits more flexible work models can bring in terms of productivity, engagement and well-being”.
Cognizant has announced that it will cover the cost of vaccination of its 200,000 full-timers and their families around 50,000 people. Along with them, it will also cover the cost of around 3.5 lakh contingent staff such as contract, support and security personnel, and their families. Infosys, Accenture, Vedanta and NTPC have already announced a plan to bear the cost of Covid-19 vaccinations for its workforce and their dependents.
Infosys has vested ESOPs of nearly Rs 40 cr to 30 of its top executives. CEO Salil Parekh received shares worth Rs 4.33 cr while COO Pravin Rao got Rs 1.94 cr of stock. CFO Nilanjan Roy, HR head Krishnamurthy Shankar, Presidents S. Ravi Kumar and Mohit Joshi also received ESOPs. Janhavi Nilekani, the daughter of Infosys Chairman Nandan Nilekani and promoter, gifted shares worth Rs 106 cr to Tanush Nilekani Chandra, her son.
Conversational AI company Jio Haptik Tech and software firm Zendesk joined hands to give AI-driven automation a human touch. The integration will transfer queries to human agents on Zendesk Chat. It will also enable an automation-first strategy across all instant messaging platforms. “Haptik brings advanced NLU capabilities and ready-to-use industry-specific Smart Skills trained on over 3 bn interactions,” said Swapan Rajdev, CTO and Co-founder at Haptik.
LinkedIn has announced that it will stop collecting Identifier for Advertising data on iOS with Apple rolling out its anti-tracking features. The professional social networking platform said, this action is likely to affect LinkedIn Audience Network, Conversion Tracking and Matched Audiences but there will only be a limited impact on campaign performance. They also added that it would regularly re-evaluate the collection of IDFA data
Z Holdings, the internet subsidiary of SoftBank, has planned to invest 500 bn yen ($4.7 bn) in technology in the next 5 years with a special focus on Artificial Intelligence. This news comes after the merger of its internet business Yahoo Japan with chat app operator Line, resulting in a $30 bn internet heavyweight. The company said Z Holdings is hoping for sales of 2 trillion yen and an operating income of 225 bn yen by 2023 post-merger.
Reliance Industries has acquired an additional equity stake in a NASA incubated futuristic mobility company skyTran for $26.76 mn through its Reliance Strategic Business Ventures subsidiary. RIL’s stake in skyTran has increased from 12.7% to 54.46%. SkyTran has developed a patented, high-speed elevated Personal Rapid Transit (PRT) system that adjusts function jet-like pods which functions on Maglev technology.
The former chief executive of Paytm Money, Pravin Jadhav, announced his very own startup, Raise Financial Services. He has also raised seed funding for his venture. The venture aims to reach hundreds of millions of people not having access to financial services. Jadhav said that his company will focus on people living in metro, tier 1 and tier 2 cities and will offer financial services such as investing, financing, insurance, wealth and payments.
Twitter is about to launch new features and products with the aims to double its annual revenue in 2023. Its stock rose 3.9% to close at $74.71, after hitting an all-time high of $80.75 on Thursday. The platform plans to introduce tipping and paid subscriptions to ‘super follow’ some accounts, to earn over $7.5 bn in annual revenue and 315 mn monetizable DAU. Its also considering allowing communities to be created for particular interests.