Page 6 - Tech Companies

Tech industry records over 226,000 layoffs in 2023, up 40% since 2022

Since the beginning of 2021, tech companies have laid off over 405,000 individuals

Kyndryl approach is to create in India for global markets: Lingraju Sawkar

Products and services created in the country can be adapted in other markets, he says

Google employee salaries leaked, software engineers paid Rs 5.90 crore

This information came from an internal spreadsheet shared among Google employees that contained data from more than 12,000 US workers in a range of positions

Responsible innovation, reskilling needed as tech cos adopt Gen AI: Experts

With generative artificial intelligence set to impact operations in businesses, industry experts emphasise the need for reskilling, as they push for responsible innovation. World's richest man Elon Musk has formed "maximally curious, truth-seeking" artificial intelligence company xAI, he revealed on Twitter Spaces. He suggests self-regulation via an industry body. Arun Kumar Parameswaran, Senior Vice President and Managing Director, Salesforce India said while Gen AI plays a crucial role in its operations across verticals, merely delivering its capabilities is not enough. "As companies race to adopt and implement generative AI, it is imperative to prioritise balance. Merely delivering generative AI capabilities is insufficient; responsible innovation must take precedence, he said. Companies are betting big on Gen AI. HCL and Wipro announced Gen AI labs, with Wipro pledging USD 1 billion for developing AI solutions. Chennai-headquartered software company Zoho intends to take Gen AI

Over half of tech HR employees using ChatGPT for all kinds of work: Report

More than half of the tech HR employees surveyed reported using AI chatbot ChatGPT for tasks such as training, surveys, performance reviews, recruiting, and more, a new report has shown

Intel, Micron plans to spend billions on new chip plants outside US

Washington is seeking to strengthen key supply chains outside of China as it works to contain Beijing's geopolitical ambitions

Israel's judicial reform could prompt hi-tech cos to relocate abroad: IMF

A report by the International Monetary Fund (IMF) cautioned that the uncertainty caused by the Israeli government-proposed judicial reform could prompt Israeli hi-tech companies to relocate abroad

Tech companies lead way with 50% of total flex space in India: Report

A hybrid working model has brought flex spaces to the centre stage and helped occupiers in optimising costs and ensuring employee flexibility, the report said

IBM expanding in tier-2, tier-3 locations in the country: IBM India MD

Amidst global economic uncertainty, tech giant IBM isn't seeing any sign of a slowdown in India, said Sandip Patel, managing director, IBM India

Vaishnaw to meet top tech execs to invite investments in chips, laptops

The Centre has been wooing global companies through the production-linked incentive scheme and the semiconductor scheme, both of which provide incentives to companies

Here's how AI is once again putting tech companies in the hiring mood

After a year of layoffs, the past month has given us evidence that tech employment is stabilizing, even perhaps turning up a bit

What led to mass layoffs in tech sector globally and who was affected?

According to a report over 150,000 people have been affected by tech layoffs in 2022 alone, whereas, 68,500 new cuts were seen in January 2023 alone

Google gearing up for another round of layoffs? Here's what CEO Pichai says

A few months ago, Sundar Pichai said that the tech giant is looking to become more efficient and is looking at every aspect

Leading job portal Indeed lays off 2,200 employees, CEO Hyams 'heartbroken'

Call it ironic but leading job portal Indeed that helps thousands land their dream jobs has itself laid off 2,200 employees, or 15 per cent of its workforce.

How Indian tech cos banded together to help each other during SVB crisis

The SVB collapse has alerted hundreds of Indian investment and tech companies. They came together to help each other and share knowledge to deal with the impact

Amid global tech churning, Salesforce announces expansion plans in India

As tech companies go through churning at a global level, enterprise software major Salesforce on Thursday announced to spread its India footprint by expanding the Centre of Excellence (CoE)

Samsung to launch next-gen Galaxy SmartTag later this year: Report

The upcoming object tracker is expected to come with improved wireless range, beeper volume and enhanced security measures to prevent unauthorised tracking

63% of tech professionals started their own firm post-layoff: Report

About 93 per cent of workers say they are now competing with the company that let them go

575 small firms hiring employees laid off by tech giants: Report

India third in global tech-hiring geographies; USA and European Union lead

Apple may launch Watch Ultra with enlarged 2.1-inch display in 2024

Apple will reportedly launch a new 'Apple Watch Ultra' with a larger 2.1-inch display next year, the media reported