Jobs
Hiring in startups up in April, despite 6% annual drop in e-recruitment: Report
According to the report by foundit (previously Monster India & APAC), there has been a 4 per cent monthly dip, indicating cautious hiring sentiments among Indian recruiters. Although some sectors like BFSI (+3 per cent), Travel & Tourism (+2 per cent), and Import/Export (+13 per cent) experienced a boost on a month-on-month (MOM) basis, other sectors, such as Logistics, Home appliances, and Oil and gas, saw a significant decline.
14 million jobs worldwide will vanish in the next 5 years: Report
That finding comes from the World Economic Forum, which published a report based on surveys of more than 800 companies, reports CNN. WEF -- which hosts a gathering of global leaders in Davos, Switzerland, every year -- found that employers expect to create 69 million new jobs by 2027 and eliminate 83 million positions.
Mall operators to see 7-9% growth in their revenue in FY24
Notably, this will be on a high base of fiscal 2023, when a return to social normalcy after mobility curbs were lifted led to substantial growth in footfalls and a robust 60 per cent rise in revenue to about 116 per cent of the pre-pandemic level, the report said. Additionally, high occupancy levels, solid profitability backed by cost-optimisation.
News outlet Insider to lay off 10% of its workforce
The digital publication, however, denied that its experiments with AI chatbot ChatGPT for writing assignments is behind the job cut move, reports The Daily Beast. The layoffs reflect a media market still adjusting to a struggling economy. The staff members affected by the layoffs would receive 13 weeks of base pay.
'Startups in India bringing down unemployment rate'
Kumar was in the city recently to unveil STPI incubation facility. Any NGO registered as a private limited company with a novel idea that meets the set criteria can be taken up as a startup. Interacting exclusively with IANS, he said, "Currently, around 10,000 startups are being supported by us, and these entities have been instrumental in creating thousands of direct and indirect jobs.
EY to slash 3,000 jobs in the US due to 'overcapacity': Report
The job cuts have been announced less than a week after the collapse of a plan to spin off EY's global consulting business into a new company, reports Financial Times. "After assessing the impact of current economic conditions, strong employee retention rates and overcapacity in parts of our firm, we have made the difficult business decision to separate approximately 3,000 US employees," an EY spokesperson was quoted as saying.
BetterPlace acquires Malaysia-based TROOPERS to empower gig workforce
The acquisition marks BetterPlace's second major move this year, following its majority stake acquisition of blue-collar workforce fulfillment platform MyRobin in Indonesia earlier this year. The acquisition, for which the financial details were not disclosed, of TROOPERS will accelerate its presence in the region and establish a stronger foothold in Southeast Asia, BetterPlace said in a statement.
Lightspeed invests $6 mn in workspace interior platform OfficeBanao
Founded in 2022 by Tushar Mittal, and co-founded by Akshya Kumar and Divyanshu Sharma, the startup is a platform for designers, architects, contractors, office furniture, and material suppliers providing an entire array of commercial interiors. "The sector is unorganised, opaque and so under-served, that we believe only a tech-led approach can help deliver delightful experience to workspace owners," said Mittal.
73% of workers want to know about internal growth opportunities: Report
According to the 2023 global research report focused on talent mobility trends by Cornerstone, about 51 per cent of employees say that the best way their company can support their skill development is by giving them opportunities to pivot, stretch, and grow.
Healthtech platform Practo lays off 41 employees, mostly engineers
The layoffs affected the engineering department the most, especially roles like product managers and software engineers, etc. The company said in a statement that upholding a high bar for performance and productivity is crucial to maintaining this level of growth. Therefore, as part of our continuous performance management.
Advertisement