Active job openings across Facebook, Apple, Amazon, Microsoft, Netflix, Google were down to 9,000 from their average listing of at least around 40,000 jobs
Junior and entry-level hiring requirements outpace other categories, with organisations looking at cost optimisation
New Delhi, Jul 26 Jet Airways on Tuesday started the process for hiring pilots for Airbus' A320 aircraft as well as Boeing's 737NG and 737Max plane..
Earlier, in September 2021, the company had raised $34 million in series A funding, co-led by ICONIQ and Madrona Venture Group with participation from Decibel and Mubadala Capital.
TCS, Infosys, Wipro, HCL Technologies and Tech Mahindra’s net workforce additions stood at around 85,720 in the fourth quarter of the last financial year
Tech Mahindra had added around 6,106 new hires in Q4FY22 and 5,209 in the same quarter last year.
The company currently has presence in New Delhi National Capital Region, Hyderabad and Bengaluru with an employee base of over 13,000.
The company, which caters to surgeries at affordable rates, works with a large network of hospitals, specialist doctors and healthcare partners in different cities.
Start-up layoffs have offered employers a wider pool of talent to choose from. Hiring costs will stay elevated for maybe six months, after which they will correct, says Cherian of PayU.
Xiaomi India senior director HR Varun Madan said that bringing freshers into the company infuses new ideas, a high level of energy and enthusiasm and the average age of employees at the company goes down a bit.
"Like all companies, we’re not immune to economic headwinds," Alphabet said in a regulatory filing.
The company will also be splitting its teams into smaller ‘pods’, which will limit the number of members in a team to less than 10 at any given point.
As rivals go for mass sackings and restructuring, Ronnie Screwvala’s upGrad plans to hire around 3,000 people to increase its workforce to around 6,500-7,000 by August
Kumar’s remarks come at a time when edtechs in India have been roiled by layoffs and funding crunch. Kumar believes upGrad is largely insulated from the storm since professionals turn to upskilling in a bleak job market.
The company has been outsourcing employees from its new frontier locations including Sri Lanka, Vietnam, Romania, Mexico, Costa Rica, and Brazil.
Indian Staffing Federation said the new additions are almost 22 percent more than the year before period, and projected that some of the sectors including fintech, IT and IT-Infra will continue to do well in FY23.
This assertion from staffing firms and job aggregators also syncs with broader government figures related to merchandise export, GST collections and payroll numbers.
The digital engineering company said it has recorded a 78 per cent revenue growth at around Rs 230 crore in 2021-22 on account of strong demand for digital transformation services from clients across industries.
Attrition continues to be high in sectors like IT (22%), educational services (13.11%), healthcare and pharma (12.25%) and ecommerce (11.04%) .
Marketing has become more customer-centric, the skill sets in demand today include ‘analytics’, ‘data’, ‘statistics and ‘systems thinking’.
Moneycontrol spoke to 15 people who were laid off in the past six months to understand their hopes and fears as they navigate the new normal. All the names of the laid-off employees have been changed in the story to protect their identities.
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The price they are coming for is at a 50-65 percent discount when compared with the flared up current market price. Companies have started experimenting with the talent from these locations to deal with the tech talent war in India.
While thousands of startup employees have lost jobs, the number is small if one looks at the larger employment market canvas, experts said. While IT and ITes sector will continue its run, e-commerce and logistics as well as export oriented sectors including textiles, leather goods are doing well. Consumer goods sector will increasingly hire more as well as the retail and hospitality sectors.
The new payroll additions recorded in April, the first month of FY23, is almost 45,000 less than the new additions in March, when the pension fund had added 968,163 new subscribers. But net payroll additions have gone up.