Page 3 - Jobs And Employees

5% rise in non-tech white-collar jobs in June, no respite for IT sector

While the core sector showed a positive sentiment, hiring in the country's IT services sector fell to its lowest level since December 2020

Homegrown TikTok Alternative Chingari announces 20% cuts in workforce

20 per cent of employees at Chingari short video app will be affected by new layoffs. The move is expected to start an "organisational rebuilding for improved effectiveness"

With fewer than 15 days to deadline, check how to apply for higher pension

Those willing to apply for a higher pension under EPS can do so until June 26, 2023

Toxic bosses biggest reason for Indian employees quitting jobs: Report

86% of employees state that they plan to leave their jobs in the coming six months citing toxic bosses, hostile work environments, and low wages their reason shows Harappa Insights report

India employees ready to delegate more work to AI: Microsoft report

74% worried that AI would replace jobs, 83% ready to delegate as much work as possible: Microsoft report

Lyft plans 30% staff cut in a fresh round of layoffs to reach profitability

The Wall Street Journal earlier reported the cuts, adding that they could help Lyft slash 50% of its costs

88% of Indian workforce prioritise upskilling for career growth: Report

The report found that short courses, employer-sponsored training, and university degrees are considered the most important for moving up from current positions

Over 1,600 tech employees being fired a day on average in January

The mass tech layoffs of 2022 are continuing into the new year, and Indian companies and startups are among the leaders in firing staff

SaaS major Freshworks lays off 90 employees globally; 60 in India

The company's founder chief executive, Girish Mathrubootham too termed it as a structural change, rather than a company-wide layoff

Worker Population Ratio continues to grow, up by 5.8% in 4 years: Centre

An increase in the worker population ratio reflects the higher engagement of people in productive activities, said union minister Jitendra Singh

Layoff fallout: Outplacement firms have their hands full with flood of CVs

Tough trade-off: Companies want job guarantee for people they've laid off, but on a bargain

Centre allows 100% WFH for IT units in SEZs till December 31, 2023

The new rule states that a unit will have to only maintain the lists of employees who are allowed to follow WFH or from any place outside SEZs

Amazon to pull down shutters in food-delivery business in India on Dec 29

Amazon Food had onboarded 3,000 partners including QSR brands such as McDonald's and Domino's Pizza; some 25 people working on the project have all have been absorbed by the company

Twitter loses entire Brussels office after Musk's hardcore working culture

The small office of six employees was cut to two in recent weeks following Elon Musk's dramatic culling of staff, according to people with knowledge of the exits

EPFO wage ceiling likely to be raised from Rs 15,000 per month to Rs 21,000

The ceiling was last revised in 2014 from Rs 6,500 per month to Rs 15,000 and is applicable only to enterprises that have more than 20 workers

Musk refuses to reimburse 'millions of dollars' owed to Twitter vendors

This comes amid, several cost-cutting measures by Musk to make Twitter more profitable, including layoffs across Twitter offices around the world

In layoff season, Google may fire 10,000 'low performing' employees

The news on layoff at Google has come within days of a letter that hedge fund TCI, an investor in the company, wrote to Alphabet. TCI has shares worth $6 billion in Alphabet

Twitter France head Damien Viel quits amid mass layoffs, says 'It's over'

Damien Viel, who confirmed his departure in a separate message to Bloomberg, had led the region for about seven years

Layoffs are part of annual operating planning review process: Amazon

Sources say attempts being made to absorb staff in other units

Tech Mahindra to come out with moonlighting policy this month: Report

Many employees working from home during the pandemic took up side jobs without the approval of their parent firm