As the US engineering and construction industry began 2022 with strong growth, Deloitte is making significant strides in India, aiming to bolster its workforce and enhance its capabilities in artificial intelligence (AI). The firm has announced plans to hire 50,000 professionals in India as part of its ambitious expansion strategy.

In recent years, the Indian corporate landscape has seen a notable increase in executive compensation. Median CEO pay in India reached ₹10.5 crore for the fiscal year 2025-26, reflecting a 5% year-on-year increase. Meanwhile, median CFO compensation has climbed to ₹4.5 crore, marking the highest increase among CXOs.

According to Anandorup Ghose, a key figure in the industry, “Given the ongoing underperformance of Indian equity markets… it is natural that pay increases were lower last year.” This context highlights the evolving dynamics of executive compensation in response to market conditions.

Deloitte’s South Asia COO, Nitin Kini, emphasized the importance of upskilling employees in AI, stating, “It is about upskilling and making sure that we can solve higher-order value problems with emerging tech.” The firm has already trained nearly 30,000 employees in AI and is transitioning thousands more to work with its internal platforms.

In addition to its hiring plans, Deloitte invests 9% of its top line into capability and capacity building, as well as innovation. This commitment reflects the firm’s strategic focus on enhancing its service offerings and addressing the growing demand for skilled professionals in the technology sector.

Concerns around AI-led job losses are being addressed by Deloitte, which is focusing on efficiency rather than workforce reduction. Kini remarked, “Companies want to ensure that their data, which is essentially IP, does not leave their perimeter,” highlighting the need for secure and efficient operations in the digital age.

The shift in executive compensation structures is also noteworthy, with Indian companies moving away from uniform reward structures. There is a growing emphasis on internal performance metrics rather than relying solely on share price movements, indicating a more nuanced approach to rewarding leadership.

As Deloitte continues to expand its presence in India, the implications of these developments are significant for both the firm and the broader corporate landscape. With a focus on innovation and workforce development, Deloitte is positioning itself as a leader in the evolving market.

Details remain unconfirmed regarding the exact impact of recent legislative measures, such as the Infrastructure Investment and Jobs Act and the CHIPS and Science Act, on the construction industry. However, Deloitte’s proactive approach to hiring and training suggests a commitment to navigating these uncertainties effectively.

The post Deloitte’s Expansion and Workforce Development in India appeared first on newsrush.

Meta is gearing up for its most significant round of layoffs to date, with reports indicating that up to 20% of its nearly 79,000 employees could be affected. This translates to approximately 15,800 jobs, primarily in the wearables and ads divisions, as the tech giant shifts its focus towards investing in artificial intelligence (AI) infrastructure.

The decision to reduce headcount comes as Meta commits a staggering $600 billion to enhance its AI capabilities. In a bid to finance this ambitious initiative, the company has instructed employees in the affected divisions to work remotely, signaling that layoffs are imminent. This move follows previous rounds of cuts, which saw 11,000 jobs eliminated in November 2022 and another 10,000 in the spring of 2023.

Earlier this year, Meta’s Reality Labs division also faced significant reductions, impacting over 1,000 roles. As the company continues to streamline its operations, senior leadership has reportedly advised managers to prepare for cuts of 20% or more, although no definitive timeline or final headcount has been established.

Analysts suggest that the rationale behind these layoffs is tied to Meta’s strategy of converting labor costs into compute capacity, allowing the company to operate more efficiently with a smaller workforce. Barton Crockett, an analyst at Rosenblatt Securities, noted, “The cuts need not stop at 20% if AI tools prove as productive as the company anticipates.” This perspective underscores the potential for further reductions if the anticipated productivity gains from AI are realized.

Despite the looming layoffs, Meta’s shares rose nearly 3% following reports of the impending cuts, indicating that investors are focused on margin improvement and the company’s long-term strategy. The layoffs are part of a broader effort to realign priorities while investing heavily in AI, which Meta views as critical for its future growth.

What observers say

As part of its restructuring efforts, Meta is also introducing a new stock option incentive program for top executives, emphasizing the company’s commitment to achieving massive future success. “This is a big bet. These pay packages will not be realized unless Meta achieves massive future success, benefiting all of our shareholders,” the spokesperson added.

Details remain unconfirmed regarding the specific business units that will be impacted by the layoffs, and the final scope of the cuts remains unresolved. As Meta navigates this challenging transition, the focus will be on how effectively the company can leverage AI to enhance productivity and profitability while managing the fallout from significant job losses.

The post Meta Layoffs: Major Job Cuts Ahead as Company Restructures appeared first on newsrush.