/indiachan/ - Nature is healing!

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Nature is healing! मित्र

04/13/2023 (Thu) 08:52:44 Id: c2bec3 No. 1390

https://www.forbesindia.com/article/it-services-special-2023/flood-of-layoffs-dropping-job-volumes-and-changing-work-trends-troubles-in-lives-of-indian-it-workers/84327/1 >Flood of layoffs, dropping job volumes and changing work trends: Troubles in lives of Indian IT workers >There has been a flood of news reports about layoffs: Accenture plans to cut 19,000 jobs; Indeed to lay off 2,200 (15 percent) employees; Amazon said it will layoff 9,000 people, in its second round of job cuts; GitHub has laid off its entire engineering team in India (over 100 jobs); Disney announced three rounds of layoffs, that could affect about 7,000 employees. Indian startups have already laid off close to 5,000 people in 2023, as per Layoffs.fyi, and the next few months will see many more. >Hiring in the IT sector has dropped by 25 percent versus last year, as per the Naukri JobSpeak Report (January 2023). India’s top four IT companies saw a net addition of just 1,940 employees in Q3, the lowest in the last eight quarters. >Be it a tech worker at a small startup or a large tech giant, the fear of being laid off is on everyone’s mind. As compared to the highest active demand of 273,000 from the tech sector collective, the current demand levels are nearly a 55 percent drop, according to Xpheno. Kamal Karanth, co-founder, Xpheno, explains: “It is important to note the relative drop in the tech sector’s contribution to overall active job demands in India. From the highs of over 80 percent contribution, it has dropped to under 45 percent over the year.”

मित्र

04/13/2023 (Thu) 08:57:47 Id: c2bec3 No. 1391