Page 11 - Unemployment

Lack of dignity for labour main reason behind unemployment, says RSS chief

Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat on Sunday said lack of dignity for labour was one of the main reasons behind unemployment in the country, as he urged people to respect all kinds of work irrespective of their nature and asked them to stop running after jobs. He said that no society in the world can create more than 30 per cent jobs. "No matter what kind of work people do, it should be respected. Lack of dignity for labour is one of the chief reasons behind unemployment in the society. Whether the work requires physical labour or intellect, whether it requires hard work or soft skills - all should be respected," he said during a public function here. "Everyone runs behind jobs. Government jobs are only around 10 per cent, while other jobs are around 20 per cent. No society in the world can create more than 30 per cent jobs," he said, adding that work that requires hand labour is still not respected. Giving an example, he said a man engaged in washing cups and ..

US jobless insurance claims near historic low despite cooling economy

Applications for US unemployment insurance last week fell slightly, hovering around historically low levels as the labor market holds strong despite a weakening economy

US layoffs hit two-year high in Jan as tech firms cut thousands of jobs

Retailers, second after tech, cut 13,000 positions in January, compared with virtually no layoffs a year earlier

Budget 2023 fails to address problems of unemployment, poverty: Opposition

As the country is scheduled to have Assembly polls in some states in 2023 as well as Lok Sabha elections in 2024, the Opposition did not miss the opportunity to termed the Budget as anti-poor

Amazon job cuts hit staffers in grocery, robotics, payments, AWS divisions

Amazon announced job cuts of around 18,000 employees last month, and those who lost their jobs were from various divisions of the company, including AWS, healthcare and delivery business, among others

New Zealand's unemployment rate reaches 3.4% in December 2022: Report

In the December 2022 quarter, the labour force participation rate remained at 71.7 per cent and the employment rate remained at 69.3 per cent

German unemployment rate climbs to 5.7% in January; over 2.62 mn jobless

The number of jobless people in Europe's largest economy rose by 162,000 month-on-month to just under 2.62 million in January

Nothing on unemployment: Adhir Chowdhury on Murmu's address in parliament

'There are plenty of issues facing our country today and we will raise them all in Parliament, one after the other. There was no mention of unemployment in the President's address'

Online marketplace OLX to slash over 1,500 jobs globally, including India

Joining the mass layoff season, online marketplace OLX Group is slashing 15% of its workforce, or more than 1,500 employees, globally including in India

Chip-maker Intel to layoff nearly 340 employees at California campus in US

Calling it "difficult decisions,' chip-maker Intel is laying off nearly 340 employees at one of its campuses in the US

Dutch electronics giant Philips to cut 6,000 jobs worldwide over next 2 yrs

Dutch consumer electronics and medical equipment maker Philips said Monday it is cutting 6,000 jobs worldwide over the next two years as it revealed a net loss of 1.6 billion euros (USD 1.7 billion) in 2022, down from a net profit of 3.3 billion euros last year. The job losses come on top of a reduction of 4,000 staff the company announced in October. The company, which has its headquarters in Amsterdam, is reeling from a worldwide recall of sleep apnea machines and economic headwinds including COVID-related issues in China and the war in Ukraine. CEO Roy Jakobs said 2022 was a very difficult year for Philips and our stakeholders, and we are taking firm actions to improve our execution and step up performance with urgency. He said the job cuts will significantly reduce costs and make Philips a leaner and more focused organisation.

CEO Mark Zuckerberg now puts Meta's middle managers on notice: Report

After sacking 11,000 employees in November last year, Meta Founder and CEO Mark Zuckerberg has now reportedly put middle managers at the company on notice

US-based crypto exchange Gemini to lay off 10% workforce, says report

US-based crypto exchange Gemini said that it will lay off 10 per cent of its workforce, citing "bad actors" in the crypto industry, the media reported.

Google pauses green card applications from employees amid layoffs

Amid the layoffs come another bad news for employees, especially from India in the US, as Google has paused its Program Electronic Review Management (PERM) program

Govt cautions against private surveys on unemployment, alleges bias

Labour ministry's response comes after private group's data showed India's unemployment rose to a 16-month high of 8.3 per cent in Dec

Young men unable to find brides because of unemployment, says Sharad Pawar

Nationalist Congress Party chief Sharad Pawar has criticised the BJP governments at the Centre and in Maharashtra over unemployment, saying it is creating social issues as young men of marriageable age are not finding brides. Speaking before flagging off the NCP's 'Jan Jagar Yatra' campaign here on Wednesday, Pawar said a rift is being created between communities and an attempt is being made to divert the attention from real issues like inflation and unemployment. "It is possible to address the issue of hunger in the country as our farmers have increased the production, but the people in power are not ready to give due remuneration to farmers, instead they are safeguarding the interests of middlemen and pushing the common people into the gorge of inflation," the former Union agriculture minister claimed. Today's youth are educated and they have the right to demand jobs, he said. Industries are going out of Maharashtra, no encouragement is being given to the existing industries and

TikTok owner ByteDance slashes thousands of jobs across multiple depts

The New Year will now be critical for ByteDance, as it faces political uncertainties amid national security concerns over TikTok in the US

Initial jobless claims rise, signal softening market: US Labour Dept

Economists surveyed by The Wall Street Journal had predicted that new claims would increase 7,000 to 223,000, after claims grew 2,000 to 216,000 in the previous week, Xinhua news agency reported

For tech industry, 2022 was a year of mass layoffs; 2023 likely to be worse

The tech layoffs this year have exceeded the job cuts the sector faced globally during the financial crisis of 2008-2009 triggered by the Lehman Brothers' collapse

Consumer sentiments depressed in December

Like the labour market stress is concentrated in urban India, consumer sentiments have also soured essentially in urban India