Page 21 - Jobs

Fintech giant Plaid lays off 260 employees; offers 16 weeks of base pay

Fintech company Plaid is laying off 260 employees, or about 20 per cent of its workforce globally, amid the global macroeconomic conditions

Assam Cabinet clears recruitment for 10,000 positions: Himanta Biswa Sarma

Recruitment for about 10,000 government posts was sanctioned by the Assam cabinet on Wednesday, Chief Minister Himanta Biswa Sarma said. It also cleared reservation in top positions in the government for retired officers of the armed forces to improve work culture, he said. Briefing reporters after chairing a cabinet meeting at the Gandhi Mandap here, Sarma said the decision on the recruitment was in line with fulfilling the promise of providing one lakh government jobs in the state. "The cabinet has today approved the third Assam Forest Battalion, with an intake of 1,100 personnel and based in Lakhimpur. Another 1,700 vacant posts in the Forest Department will also be filled up," he said. Around 6,000-7,000 appointments in the Education Department, including regular and contractual, have been cleared, and the advertisements for these will be out by December 31, he said. The Assam Public Service Commission (APSC) will also soon advertise for around 700 posts, he added. "We have .

Global Captive Centres to add 364k jobs in next 12 months: Report

Global Captive Centres (GCCs) are looking to ramp up their workforce and add close to 3.64 lakh jobs within next 12 months amid a spurt in service demand from key global markets, says a report. According to NLB Services' India Captivating Report, the GCC sector will scale up from the current USD 35.9 billion to USD 60-85 billion by 2026. A spurt in service demand from key global markets (34 per cent) is the key reason driving the demand for talent. From a sub-sector perspective, IT Software & Consulting with 33 per cent of the respondents keen on ramping up the talent pool topped the chart. The next were BFSI (21 per cent) and Internet & Telecom (16 per cent). Among cities, Bengaluru leads in terms of job creation. "India currently accounts for around 45 per cent of the global GCCs in operations and this share is expected to grow further," NLB Services CEO Sachin Alug said. Alug further noted that the sector is expected to see a 10.8 per cent CAGR (compound annual growth rate)

No hiring downturn at IITs as international firms pitch job offers

Consulting, finance, core and international trading companies take the lead in chasing talent

Six states report fewer formal jobs for youth in Sept qtr, shows EPFO data

Experts attribute drop to large-scale of migration; young from these states stand to earn significantly more, post migration, than they do by staying back

Cryptocurrency exchange Bybit plans to cut 30% of workforce: CEO Ben Zhou

The layoffs are part of an ongoing reorganisation aimed at refocusing efforts, and reductions will be across the board

Day 1: IIT Guwahati bags highest foreign job offer of Rs 2.4 crore

A total of 25 offers with pay packages in excess of Rs one crore per annum were extended at the end of Session 1.1 on Day One of the recruitment process at IIT Madras

Placement offers at IITs in 2023 may not be as high as last year: Report

The highest packages at IITs for this year may come for domestic roles, unlike last year when international roles offered the highest salaries

Best of BS Opinion: Don't ignore Covid, Nepal's destiny, and more

Here is the best of Business Standard's opinion pieces for today

In coming global recession, job cuts won't mean mass layoffs: Report

This time around, workers have a better-than-usual shot at holding onto their jobs if recession arrives

Smart pickup in good jobs

The estimated 0.7 million additional jobs created by listed companies may easily more than offset the recent layoffs seen in tech companies

upGrad-backed Harappa launches in US, to upskill 55,000 managers in 3 yrs

Harappa founders cite huge scope as 82% Americans are likely to quit their jobs because of a bad manager, while 44% managers feel they are unprepared for their jobs

Binance to hire 8,000 people by 2023 end, says CEO Changpeng Zhao

Binance CEO Changpeng Zhao has stated that the company is targeting to hire 8,000 people by the end of the year

IITs likely to see less placement offers this year amid tech slump: Report

The impact on IITs is likely to be less severe than in other engineering colleges as the companies will continue to hire good talent and 'maintain a relationship with these premier tech colleges'

Job switches to fetch smaller salary hikes to tech talent, says report

The average salary hike on new jobs has fallen from 54 per cent in July and August to 45 per cent in September and 37 per cent in October

AWS launches second infrastructure region in India, to support 48,000 jobs

The construction and operation of the AWS Asia Pacific (Hyderabad) Region is also estimated to add approximately $7.6 billion (Rs 63,600 crore) to India's gross domestic product by 2030

Rajasthan govt to organise job fairs in every district: CM Ashok Gehlot

The official pointed out that with increasing investments by the private sector in the state, employment opportunities have increased in the state

Indian gaming to add 100,000 jobs in FY23, grow five-fold in 7 years: Study

Industry expected to attract Rs 780 crore in foreign investment, says TeamLease Digital report

Rajasthan the top beneficiary of EPFO-linked central job scheme

The government had launched ABRY to incentivise employers for creation of new jobs and restoration of retrenched workers during Covid-19

IT, BPM firms to see increase in hiring intent in next six months: Survey

With IT and business process management (BPM) sectors witnessing a slump in hiring in September due to margin pressures, a study has revealed that 51 per cent respondents believe that there would be an increase in hiring intent in the next six months. However, around one-third (34 per cent) respondents said there is going to be a decline in the hiring intent, while 15 per cent believe that it would be business as usual, according to the CIEL HR study. The study is based on an online survey of 10,00,000 employees working in top 50 IT/BPM companies operating in India. During the pandemic years, IT companies had hired massively to address the surge in demand driven by the wave of digital transformation across the globe, it noted. Now that the demand has subsided, the companies are 'rightsizing' again, it said. The study further revealed that the level of optimism in hiring intent was found higher among the respondents of smaller companies. On the other hand, the majority of responde