India Remains Optimistic Amid Global Layoff Wave
07/01/2025
2:28 pm
Indian IT hiring is projected to grow by 8.5% in FY25, with salaries also anticipated to rise.
Indian IT hiring is projected to grow by 8.5% in FY25, with salaries also anticipated to rise.
“I think we were too early…things didn’t work out as we were hoping.”
A recent Indeed report reveals that employee burnout is increasing, with 52% of workers feeling its effects.
Did anybody ever honestly believe that ‘typing prompts into ChatGPT’ was ever going to be a high-paying full-time job?
Goldman did not claim that AI will take away 300 million jobs entirely but rather some tasks within those jobs could be automated using AI.
Not really. It is important to stress that AI is a helpful tool which will reduce the number of jobs that require repetition and can be automated.
More than 2 lakh people have already been laid off in 2023 so far, a 315% increase from the previous year’s job cuts
The recent Harvard study draws parallels between the previous tech revolutions in history and the AI wave.
With productivity taking a nosedive, now, companies have decided to call everyone back to the office to boost morale and productivity
Accenture has identified five broad areas where generative AI can be implemented – advising, creating, automation, software creation and protection
These announcements come at the time when TCS is attempting to build its own Github Copilot alternative, which is touted to be used for enterprise code generation, as per was N Ganapathy Subramaniam, COO said recently in an interaction with the Economics Times.
AI is taking over a lot of jobs, now it is coming for the writers who wrote about “machines taking over the world.”
While the layoffs are happening in the tech industry in large numbers, they are just a proactive measure against recession. The question arises, how many tech layoffs until the recession finally reaches the doorstep?
Disney’s metaverse layoffs are the latest in a long line of Silicon Valley firing sprees.
On Thursday, Accenture Plc revised its annual revenue and profit forecasts downwards and announced its plan to reduce its workforce by 2.5%, or 19,000 jobs.
Big tech’s lack of empathy and its tragic aftermath.
Many developers go down the forbidden lane hoping for the lucrative salaries that illegal work comes with. However, not all that shines is gold
Microsoft’s metaverse project is on hold as big tech prioritises AI chatbots for revenue.
Amid the mounting layoff by technology companies, the latest one was Yahoo, when on Thursday it announced that it is laying off around 20% of its workforce by the end of this year.
In the earnings reports, the four big tech firms disclosed what they’ll pay for the mass redundancies.
Dell will cut 5% of its workforce due to falling demand for personal computers.
The sorrows of tumultuous macroeconomic conditions and an unstable foreign exchange continue for big tech companies.
Christopher Hohn, a billionaire investor with a 6% stake in Alphabet, had written to Pichai raising alarms over their ‘excessive headcount’
Large tech company layoffs can make it difficult for the employees to obtain new jobs, especially if they were well-paid
Is this the end of an era of ‘iced matcha lattes’, ‘free lunches’, and ‘wellbeing days’?
Despite the problems, Apple has managed something not many in its category have – the company has been able to avoid mass layoffs, unlike other tech giants like Amazon, Alphabet, Microsoft and Meta
Except for Apple, major tech companies like Google and Amazon have resorted to mass layoffs to combat looming recession fears and overhiring done during the pandemic
NTREX aims to bridge the language divide with 128 languages, each having 2000 sentences.
By April 2021, Wang had become the youngest self-made billionaire at age 25 and the 28-year old Guo was the richest self-made woman on the Forbes list, behind Kylie Jenner.
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