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WORKFORCE READJUSTMENT
Gold falls as commodity index adjustments weigh ahead of US jobs dataGold prices dipped on Friday due to commodity index readjustments and a stronger dollar, with investors awaiting U.S. non-farm payrolls dat...- Managing great tech churn requires careTech firms are adapting to AI's impact on jobs. Companies are offering better severance packages to employees not suited for AI roles. This...
- Learn to play around with AI tools, get fluent: Microsoft India President advises youthMicrosoft India President Puneet Chandok drew attention to new career avenues emerging with AI, from agent managers to prompt engineers, as...
- Tech disruption across organisations leading to more focus on skills: Martine FerlandThe rapid advancement of technology is leading to a shift in the workforce, with a greater focus on skills rather than jobs, according to M...
- Made judgement errors in over-hiring: Meesho CEO Vidit Aatrey after announcing layoffsMeesho joins a growing list of Indian startups that have been downsizing their employee amid a larger reset in the technology industry glob...
- Tech slows down under cloud coverMigration to the cloud is a key revenue driver for Indian technology services providers that delivered muted revenue guidance with their qu...
- Seeing very solid demand for freshers in the market: TeamLease Edtech COO62% of employers are giving a strong indication of hiring freshers from sectors including IT, telecom, BFSI, FMCG, and any consumer-facing ...
- Byju’s in talks to raise $500 million from TPG, sovereign funds: reportThe negotiations are ongoing and it's unclear if the prospective investors will go ahead with the deal, a Bloomberg report said.
- 'Red flags in Byju's financials': MP Karti Chidambaram seeks ICAI reviewCiting various media reports, the Lok Sabha member said Byju's is not in a sound state of financial health and urged the ICAI to review its...
- Byju’s to sack up to 2,500 employees in 'rationalisation' bidA host of well-funded startups including Meesho, Cars24, and Unacademy have trimmed workforce to save capital and extend their runways amid...
- Amazon-backed Tonal cuts 35% of its workforceAccording to CNBC, Tonal employs about 750 people and counts Amazon and Tennis star Serena Williams as its major investors.
- As lockdown lifts, employees hesitate to get back to officesCompanies are opening up with 20-25% staff each day making it voluntary with senior management coming into office more regularly. The middl...
- Fed's Neel Kashkari says inflation will be temporary, workers will returnThe U.S. central bank is beginning a debate over when to start reducing its support for the economy now that the number of daily COVID-19 c...
- Korea based Edison Motors in fray to acquire SsangYongUntil now, US based HAAH Automotive was the only potential suitor to acquire SYMC. The South Korean electric vehicle manufacturer, Edison w...
- SsangYong pays 140 million won to start standard bankruptcy procedure in SeoulMahindra & Mahindra’s 75 percent ownership in Ssangyong will reduce and HAAH Automotive Holdings is expected to become the largest sharehol...
- Mahindra receives clearance from RBI to reduce stake in SsangYong MotorThe UV maker has got approval from the Reserve Bank of India to reduce its stake of 75 per cent in SsangYong Motor to 25 per cent through c...
- Living in the gig economy: Key skill for millennials is preparedness to move across industries and rolesThe gig economy is rapidly evolving on the back of digital platforms that connects customers and workers.
- Gentle deceleration in IT net hiring growth rate: MinisterThe growth in total employees stood at 7 per cent in 2014-15, which came down to 6 per cent the following year and was 5 per cent in 2016-0...
- Bravo, tempingLaws and the unions seek permanent work while flexibility is what we need.
- Turbulence-hit airlinesRetrenchment of employees not the only way out.
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