Kumar Ritesh, founder, Cyfirma, told Moneycontrol the number of sacked employees selling information on the dark web has gone up significantly in the past four months, especially from India.
The survey said that of those laid-off, 15 percent were from the airlines and e-commerce industry each and around 14 percent were from the hospitality industry.
Uber's announcement came nearly a week after its India rival, Ola, fired 1,400 staff.
Around 1.5 lakh employees in India's IT industry could lose their jobs over the next few months.
The petition was filed in the wake of termination of employees and pay cuts despite the advisories issued by the Centre and state governments.
Demand for blue collar workers came down by 60 percent since lockdown
Experts estimate that close two lakh IT/ITeS would lose jobs due to COVID-19 impact.
HR officials agree that while layoffs are inevitable, the process can be made made more structured.
The downtrend has trickled down to the logistics sector as lower vehicle production has drastically hit the utilisation of trucks
At a time when software companies are cutting jobs, India’s second largest software company Infosys will maintain its annual campus hiring at 20,000, as it does every year.
While there is panic over job losses in the industry, the government and IT governing body Nasscom say that the current year is no different than any other.
Cognizant looking at sacking more than 6,000 employees this year. Company says standard practice but is this is an impact of automation?
The Airtel-Telenor buyout coupled with talks of potential Vodafone-Idea merger and Tata Teleservices with RCom-Airtel-MTS combine raise questions whether a consolidation is the best way for telecom companies in view of Reliance Jio's entry.
India is staring at an imminent jobs crisis as three leading service sectors â€” which have been engines of job creation for two decades now â€” get ready to shed jobs by the tens of thousands, each driven by its own dynamic.
With the domestic IT industry staring at a shift in nature of work due to increasing use of digital technologies, a leading firm has said a majority of the workforce cannot imbibe the required emerging skill-sets, and warned of high job losses at the middle and senior levels.
After steam, mass production and information technology, the so-called "fourth industrial revolution" will bring ever faster cycles of innovation, posing huge challenges to companies, workers, governments and societies alike.
The move by Hewlett-Packard, the world's second-largest PC maker and one of the biggest US tech firms, is the latest in the sector based on the belief that tightly focused firms perform better.