Byju's

According to the new timeline provided in an email to sacked employees, employees can now expect to receive their outstanding payments by November 17, as against the earlier September 15 deadline

layoffs, job loss, lay-offs, unemployment

Attrition rates of TCS dropped from 20.1% to 17.8%, HCL's from 19.5% to 16.3%, and Wipro's decreased from 19.2% to 17.3% all in the last quarter

Rajeev Chandrasekhar

'It is disruptive… will regulate against user harm'

jobs, employement

The number of active white-collar job openings decreased by 21% in April compared to March, said the report

Cars, Vehicles, automobiles

US-based online used-vehicle retailer Vroom has laid off 11 per cent of its workforce, or around 120 employees, across different departments and locations

Bloomberg Photo

Amazon Web Services personnel in the US, Canada and Costa Rica whose jobs were being eliminated were notified early Wednesday, the unit's chief said in an email to staff

Walt Disney Co, Disney

On March 27, Disney began notifying employees who were affected by the workforce reductions, and said a second, larger round would occur in April

Depression, layoff, firing, jobs

There have been more than 500,000 job cuts announced around the world since October, as tracked by Bloomberg

Jobs, employment, hiring

Learning solutions provider TeamLease EdTech on Thursday said a large number of Indian employers have expressed their intention to hire freshers in the first half of this calendar year.
According to TeamLease EdTech's Career Outlook Report for January-June 2023, in spite of the global gloom, Indian employers' intent to hire freshers has marginally increased by 3 per cent to 62 per cent, as compared to July-December 2022, when it stood at 59 per cent.
TeamLease EdTech surveyed 874 large, medium and small businesses between October-November 2022 for this report.
The top three industries with the most robust intent to hire freshers are information technology (67 per cent), e-commerce & technology startups (52 per cent) and telecommunications (51 per cent).
Amongst the Tier I cities, Bengaluru comes at the top with maximum openings for freshers at 75 per cent, closely followed by Mumbai (56 per cent) and Delhi (47 per cent).
"Even in the face of a global muted sentiments around team .

IT firms

Recruiters are foreseeing fewer layoffs in the first half of 2023, but information technology roles and those of senior professionals will be the most impacted within it, a survey said on Thursday.
The survey of 1,400 recruiters and consultants by the job portal Naukri.com said only 4 per cent of respondents predicted layoffs and downsizing not to be the dominant hiring activity in their organisations.
However, the survey of recruiters across ten sectors said that information technology roles will be witnessing the maximum impact of hiring corrections, while there will also be some impact in roles in the business development, marketing, human resources and operations fronts as well.
"Recruiters foresee maximum layoffs for senior professionals, with 20 per cent of recruiters predicting the same. Freshers are expected to be least impacted by hiring corrections," the bi-annual survey by Naukri.com said.
The survey said that around half of the recruiters expect high attrition rates of 

IT layoffs

Cautious spending, reduced debt burden, and opting for gig work can help

Infosys

Infosys supports 'gig work' for employees but is against dual employment, has fired people who were moonlighting, CEO Salil Parekh said in a media interaction on Thursday

job, job loss, layoff, IT industry, fire, employee, work

At least EPAM 100 employees, across testing, .Net, DevOps, and Java domains in both firms - EPAM Systems and EPAM Anywhere - have been asked to resign

Photo: Bloomberg

With recession fears mounting-and inflation, the war in Ukraine and the lingering pandemic taking a toll-many tech companies are rethinking their staffing needs

IT firms, IT sector, firms, companies, workers, jobs, employment

Firms have to move from just scale to building a smaller, more specialised talent pool

Cognizant

Cognizant is also exercising tighter control over expenses through a number of measures, including a slower pace of hiring and reduced travel expenses

Every IT job in India creates other jobs, and revenue growth in allied or associated sectors

Half of India's population between the age of 30-55 years believes 59 years should be the age of retirement and thirty-two years is when one should ideally start retirement planning,

investment,saving, money, retirement, rupee

The Apple iPhone 15 Pro Max stands out within the iPhone 15 series and offers substantial improvements over the previous generation model, the iPhone 14 Pro Max

Apple iPhone 15 Pro Max - Natural Titanium

India has been expanding its electronics manufacturing sector as companies diversify production beyond China amid growing Washington-Beijing tensions

Chromebook, Google laptop

Stock market holiday: After Mahatma Gandhi Jayanti on October 2, the market will be closed on October 24, Tuesday, for Dussehra

Stock market, NSE

Catch all the latest news updates LIVE from across the globe here

Aam Aadmi Party national convenor, AAP national convenor, Delhi CM Arvind Kejriwal

The Finance Ministry has notified October 1 as the date for implementation of the amended GST law provisions for taxing e-gaming, casinos and horse racing.
According to the changes to the Central GST Act, these supplies will henceforth be treated as "actionable claims" similar to lottery, betting and gambling and subject to 28 per cent Goods and Services Tax (GST) on full face value of bets.
The amendments to Integrated GST (IGST) Act makes it mandatory for offshore online gaming platforms to take registration in India and pay taxes in accordance with domestic law.
In its meetings in July and August, the GST Council, comprising finance ministers of Centre and states, had approved amendments to the law to include online gaming, casinos and horse racing as taxable actionable claims, and clarified that such supplies would attract 28 per cent tax on full bet value.
Parliament last month passed amendments to the Central GST and Integrated GST laws to give effect to the Council's ...

Finance Ministry, Ministry of Finance

The century-old Roshanara Club in Delhi - the cradle of Indian cricket - was on Friday sealed by the Delhi Development Authority, which also took possession of the historic club, officials said.
The action was taken in the early hours and comes nearly six months after an "eviction notice" was served on the club by the DDA as its lease had expired earlier, a senior official said.
The historic club was established on August 15, 1922 and had turned 100 last year.
Endowed with natural beauty, green pastures and colonial-era charm, Roshanara Club, located in north Delhi, has emerged as one of the most prestigious clubs in the country.
"Following court orders, that inter alia upheld its eviction order dated, 12.04.2023, the Delhi Development Authority today evicted and took possession of the premises of Roshanara Club Ltd, the leases for which had expired 11 years back in 2012 and six years back in 2017," the DDA said in a statement.
This action was taken under provisions of section 5 (

Roshanara Club

The Indian Railways on Friday said more than 2.14 lakh people participated in 1,934 activities with man hours of 6,62,990 in the first 14 days of the "Swachhata Hi Sewa" (SHS) cleanliness drive.
The fortnight-long campaign was launched on September 15 by the chairperson and CEO of the Railway Board, who administered a cleanliness pledge to all the railway employees at the Rail Bhawan here.
The participants in the campaign are railway employees, passengers and other stakeholders. The campaign aims at fostering a much greener and more eco-friendly railway system.
"Indian Railways, with its extensive nationwide network, plays a vital role in the Swachh Bharat Abhiyan," the railway ministry said in a statement.
This year, the railway ministry has become a part of the joint SHS campaign launched by the Ministry of Housing and Urban Affairs and Ministry of Jal Shakti.
"Activities of SHS are integrated with day-to-day activities of Swachhata Pakhwada. The theme for Swachhata Hi Sewa camp

Swachh Bharat to external debt: Here're key points to know about Eco Survey

House Speaker Kevin McCarthy's last-ditch plan to keep the federal government temporarily open collapsed on Friday as hard-right holdouts rejected the package, making a shutdown almost certain.
McCarthy's right-flank Republicans refused to support the bill despite its steep spending cuts of nearly 30 per cent to many agencies and severe border security provisions, calling it insufficient.
The White House and Democrats rejected the Republican approach as too extreme.
The bill's failure a day before Saturday's deadline to fund the government leaves few options left to prevent a shutdown that will furlough federal workers, keep the military working without pay and disrupt programmes and services for millions of Americans.
The outcome puts McCarthy's speakership in serious jeopardy with almost no political leverage to lead the House at a critical moment that has pushed the government into crisis.
Ahead of voting, the Republican speaker all but dared his hold-out colleagues to oppose t

Kevin McCarthy

There could be a more than $100 billion global market for such medicines, with sales climbing quickly through the end of the decade

Airlines, airport, aviation, flights

The pace of loan growth for the private lender was higher than the 15.1% y-o-y growth in advances of the banking system until 8 September 2023, according to RBI data

Federal Bank net profit up 18%

Delhi Chief Minister Arvind Kejriwal-led Aam Aadmi Party (AAP) on Monday released the second list of its candidates for the forthcoming assembly elections in Madhya Pradesh and Chhattisgarh.AAP issued a list of 29 candidates for Madhya Pradesh and 12 candidates for Chhattisgarh.In Chhattisgarh, the party has fielded Tarun Vaidh from the Raipur Gramin constituency, Raja Ram Shyam from Pratappur, and Dev Prasad Koshle from the Sarangarh constituency.Releasing the list of candidates for Madhya Pradesh, the AAP wrote on X, "Our second list of candidates for Madhya Pradesh Assembly Election 2023. Many congratulations to all our candidates, and best wishes for the campaign."The AAP has fielded Ramani Devi Jatav, a candidate belonging to the Scheduled Caste from Bhander, Rahul Kushwah from Bhind, Satinder Bhadoriya from Mehgaon, Mohammad Sood from Bhopal Uttar, Raisa Begam Malik from Narela, Chanda Kinnar from Malhara and Vijay Mohan Palha from Patan.Earlier on September 8, the party ...

Poll, election, lok sabha

The pan-European STOXX 600 index reversed early gains to fall 1.0% on Monday, hitting its lowest intra-day low in since end of March

market, stocks, stock market trading, stock market

The trains have seats for 50 passengers and the space for 300 to stand

Delhi metro, Metro, Yellow line metro

Pakistan Muslim League-Nawaz (PML-N) supremo and former prime minister Nawaz Sharif has reportedly booked flight tickets to return from the UK to the country on October 21, ending a four-year "self-imposed exile", a media report said Monday.
Nawaz, 73, recently said that he is excited to return to Pakistan on October 21 to lead his party in the election likely to be held in January 2024.
Citing a source, Samaa TV reported that Nawaz, who is currently in the UK, will land at the Abu Dhabi International Airport on October 21. He is scheduled to fly to Lahore from Abu Dhabi on the same day.
He has booked a business class ticket on flight EY243 of Etihad Airways in advance, sources said. They further said the Etihad Airways flight will land at the Allama Iqbal International Airport in Lahore at 6:25 p.m.
Those accompanying Nawaz will reportedly be his staff members, personal advisers, Dr. Adnan and Senator Irfan Siddiqui.
According to sources, several PML-N leaders and former lawmaker

IT jobs crisis

Edtech giant Byju's regrets 'delays' in settling dues of laid-off employees

IT companies enforce cost control measures amid rising employee expenses

AI won't be a threat to jobs for next 5-10 years: Rajeev Chandrasekhar

Demand for white-collar jobs in IT sector lowest in 28 months: Report

Vroom lays off 11% of workforce as part of 'organisational restructuring'

Amazon layoffs 2023: Employees loose jobs in AWS Cloud Division

Disney to begin 2nd wave of layoffs, may cut 7,000 jobs to save $5.5 bn

Half a million white-collar job cuts since Oct 2022: Is this just a start?

Overall hiring intent for freshers improves for Jan-Jun 2023: Report

Fewer layoffs in 2023 1st half; senior professionals most impacted: Survey

Belt-tightening measures key to surviving pink slip, say experts

Infosys runs 'Accelerate' to avert moonlighting, says it supports learning

EPAM sacks around 100 Indian employees, revokes offer letter of others

Microsoft, Google among tech giants to pause hiring amid fear of recession

Why job losses are inevitable in IT

Cognizant plans another round of layoffs to slash costs, says report

IT jobs crisis: Hiring deceleration bodes ill even for the broader economy