Tech industry layoffs post-Covid have been a major concern, affecting white-collar employment in India. This trend isn't confined to startups alone; India's top three IT firms - TCS, Infosys, and Wipro - laid off their 64,759 employees in fiscal...
The global tech industry is grappling with a formidable challenge as unemployment shows no sign of abating. In 2023, a staggering 1,186 tech companies worldwide bid farewell to 262,582 employees. Surprisingly, in just 15 days of the New Year...
Amazon has decided to lay off another 9,000 employees, taking the tally of employees the internet behemoth has fired in the last 3 months to over 27,000. The company is not the only one on a firing spree, and...
A majority of the employees hired by companies like Meta and Google during the Covid-19 outbreak have now been terminated. The economic slump, rising inflation, and other factors are the main causes of these massive layoffs. According to Thomas Siebel,...
The technology industry has been going through a tough phase due to the massive layoffs in the last six months. This shows no signs of abating. Meta Platforms, Inc. (NASDAQ: META), the parent company of Facebook, is reportedly planning...
The entire world is struggling to deal with employment issues, particularly in the technology sector. India is no exception given that it is the second-largest country in terms of population. According to the latest data from CMIE, both the...
Last week, Facebook laid off an estimated 60 contract workers who were left stunned by learning that they were selected randomly by an algorithm. While the move clearly shows that companies are now trusting in data-driven decisions more than...
The unemployment in India is dropped significantly in July 2021 as businesses are slowly resuming their operations after struggling with the second wave of Covid19.
According to CMIE, the unemployment rate in India has dropped to 6.95% in July...
As the country is slowly, but steadily, recovering from the second wave of deadly Covid-19, businesses are resuming their operation faster than expected earlier. It has a direct impact on the unemployment rate in India, which is down to...
If you are working in an IT company in India, this may sound as a warning bells. It is high time to sharpen your skill set, failing to which you may end up losing your job.
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