Layoffs are accelerating across technology companies. The tech industry is slashing jobs at a pace nearing the early days of the Covid-19 pandemic. In November, the sector announced 52,771 cuts, for a total of 80,978 this year, according to Challenger, Gray & Christmas Inc., a consulting firm that tallies job cuts announced or confirmed by companies across…
Wipro, Infosys and Tech Mahindra reject freshers after giving them offer letters
Wipro, Infosys and Tech Mahindra reject freshers after giving them offer letters, cancel many hirings. IT companies including Wipro, Infosys and Tech Mahindra have revoked many employment letters that they had given to students. The IT firms reportedly cancelled employment after months of delay in the onboarding process, probably because of adverse business conditions. Wipro,…
Over 2 lakh jobs generated by Indian tech players in the US: Nasscom
The gap between demand for STEM jobs and supply of talent available widens The Indian tech industry has directly generated $103 billion of revenue and directly employed 2,07,000 people in the US with an average wage of $1,06,360, witnessing a 22 per cent of employment growth since 2017, according to a new report from Nasscom. “From the value chain through…
Indian Startups Become Major Job Creators
Indian Startups Become Major Job Creators: 7.5 Lakh Jobs Generated By 72,000 Indian Startups! he number of officially recognised startups in India has risen to 72,000, which has created 7.5 lakh jobs in the country. Of these, over 45 percent have at least one woman director. Behind only US and China A massive number of…
Hiring intent at 27-month high
Hiring intent at 27-month high, more jobs open up in IT, education, e-commerce and telecom. The Indian job market continues to be upbeat as companies are going ahead with their hiring plans for the July-September quarter despite macroeconomic headwinds from high inflation, rising cost of money and ongoing geopolitical tensions. Hiring intent of the companies…
Artificial Intelligence in 2022: Endless opportunities and growth
The machine learning job market is projected to be worth $31 billion by 2024 – at an annual growth rate of 40 per cent over the last six years. Amidst the fast-paced advancements in technology, Artificial intelligence (AI) has been the most revolutionary creation and is expected to have a more prominent impact on the…