Page 31 - Layoff

Skilled and unemployed: The world is staring at a huge structural problem

While the world can do something about the other big problem of global warming, there's nothing it can do about structural unemployment

'What if I'm next?' Fear grips Amazon India employees amid global layoffs

Those in the know say the full force of the impact of global layoffs in India will be felt in the retail division

Singapore still hiring tech talent amid mass layoffs at global heavyweights

Despite mass layoffs at tech firms -- from Meta and Twitter to Amazon and Shopee -- professionals are nonetheless still in demand as companies of all stripes look to develop digital capabilities. Hotspots of business activity and recruitment remain even as parts of the tech industry cool amid rising inflation and interest rates as well as the changing post-pandemic landscape, Channel News Asia on Wednesday cited analysts as saying. At Oversea-Chinese Banking Corporation (OCBC), one of the largest local banks in Singapore, some technology teams have doubled in size over the past two years, such as those in blockchain, artificial intelligence, and augmented reality. New hires came from a mix of backgrounds, including banks, tech companies, start-ups, and the government sector, said Praveen Raina, head of group operations and technology at OCBC. The bank announced in March that it was hiring 1,500 people in tech roles over the next three years in positions such as application develope

TMS Ep304: Slow deposit growth, Tech layoffs, S Naren, Twitter's blue tick

Why's RBI governor worried about deposit growth? Where did big tech and startups go wrong on hiring? What's worrying S Naren when it comes to equity markets? What is Twitter's blue tick? Answers here

Where did big tech and startups go wrong on hiring?

After Twitter and Meta, Amazon is planning to lay-off a big chunk of its workforce. Reports say that it would fire close to 10,000 employees. What led to this situation? And what's the road ahead?

Amazon layoffs in India may be higher than other tech majors: Report

Including direct and indirect jobs, Amazon employs over 1.1 million people in India

Ronnie Screwvala-led upGrad to hire 1,400 amid edtech sector turbulence

Signs up new leases for 335K sq ft space in Mumbai, Bengaluru, Pune and Noida

WhatsApp India head, Meta Public Policy director step down

Director Public Policy Meta India Rajiv Aggarwal too resigned from his position

Amazon to lay off 10K employees amid 'largest job cuts' in firm's history

The job cuts are expected in Amazon's devices organization, including the voice-assistant Alexa, as well as in its retail division and in human resources

Top headlines: Disinvestment target, RBI imposes penalty on 9 UCBs & more

Business Standard brings you the top headlines this hour

Elon Musk publicly punishes Twitter engineers who call him out online

Musk's changes have led to a lack of communication internally in terms of who is in charge and what the company's priorities are, current and former staffers say.

Twitter CEO Elon Musk 'fires' app developer from his team via tweet

Twitter CEO Elon Musk, who has been laying off employees and contractors of the micro-blogging platform, has fired yet another member of his Twitter team and that too seemingly with a tweet.The person whose employment was terminated by Musk is an Android developer named Eric Frohnhoefer who had stated in his tweet that Musk's assessment of Twitter being slow as the app is doing ">1000 poorly batched RPCs just to render timelines," was wrong.On late Sunday night, Musk tweeted, "Btw, I'd like to apologize for Twitter being super slow in many countries. App is doing >1000 poorly batched RPCs just to render a home timeline!"Later, Eric cited Musk's tweet and wrote, "I've spent ~6 years working on Twitter for Android and I can say that this is wrong."Following this, the richest man in the world asked him, "Then please correct me. What is the right number?" and also asked, "Twitter is super slow on Android. What have you done to fix ...

Elon Musk now lays off 4,400 contractual workers at Twitter: Report

Contractors aren't being notified at all, they're just losing access to Slack and email. Managers figured it out when their workers just disappeared from the system, tweeted Platformer's Casey Newton

LIVE Updates: CPI-based inflation eases to 6.77% in Oct vs 7.41% in Sept

Catch all the latest updates from across the world here

Laid off? Seek advice before claiming tax exemption on severance pay

You can claim only if the payout is voluntary and you have documentary proof to this effect

Outsourced content moderators sacked in fresh job cuts at Musk's Twitter

Twitter's new owner Elon Musk is further gutting the teams that battle misinformation on the social media platform as outsourced moderators learned over the weekend they were out of a job. Twitter and other big social media firms have relied heavily on contractors to track hate and enforce rules against harmful content. But many of those content watchdogs have now headed out the door, first when Twitter fired much of its full-time workforce by email on Nov. 4 and now as it moves to eliminate an untold number of contract jobs. Melissa Ingle, who worked at Twitter as a contractor for more than a year, was one of a number of contractors who said they were terminated Saturday. She said she's concerned that there's going to be an increase in abuse on Twitter with the number of workers leaving. I love the platform and I really enjoyed working at the company and trying to make it better. And I'm just really fearful of what's going to slip through the cracks, she said Sunday. Ingle, a dat

Chip curbs: Biden has outdone Trump in forcing the world to align on China

That's not just a challenge to Beijing, but also asks tough questions of allies - and presents Washington with a dilemma over how far it's willing to squeeze them to comply.

Job cuts at Singapore tech companies are impacting Indians. Here's how

While revenue and jobs in the tech will be impacted in the short-term, and market volatility is likely in the near future, the tech industry is expected to continue to grow in the long-term.

Is the Meta Inc severance package a lesson for others?

Meta's move to expel 13% of its workforce comes with a generous severance package. New Indian companies may be ruthless with severance, but are liberal with the severance packages. What's behind this?

Nearly half of job cuts were in tech, reorg underway: Meta executives

The executives said that the first mass layoff in the social media company's 18-year history affected staffers at every level and on every team, including individuals with high performance ratings