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Yahoo to lay off staff as it aims to restructure ad tech division

An American multinational technology company, Yahoo is planning to sack more than of its total w...

Infosys Study on Reskilling, Talent Diversity, Digital Tool Automation

According to the report, up to . trillion in revenue and billion in new profit could be gene...

Survey & Report

Latest news: Infosys Study on Reskilling, Talent Diversity, Digital Tool Automation - SightsIn Plus

TikTok fires its entire India team

According to the ET reports, a short-form video hosting service, TikTok has fired its entire India t...

Latest news: TikTok fires its entire India team - SightsIn Plus

Nokia extends manufacturing of fiber broadband equipment in India

Nokia today announced that it will extend manufacturing PON optical line terminals (OLTs) at its factory in Sriperimbudur near Chennai, India. The decision comes in response to increasing demand from local customers in India, as well as international markets. Shifts in consumer behavior, from home working to data-rich entertainment services, are driving demand for broadband. […]

EPFO

PF withdrawal rule changed: Rule for PF amount, filing ITR

The rule for Provident Fund (PF) withdrawal is changed for non-PAN cases. The new rule is applicable if money is withdrawn before five years of the account opening for non-PAN holders. In addition to this, the whole withdrawal amount will remain taxable and PF contributions above Rs.2.5 lakhs per annum would also remain taxable. The Honorable Union […]

Hiring

American Express is hiring for various profiles including hybrid Jobs

An American multinational financial services corporation, American Express is hiring for various profiles including hybrid Jobs. Commenting on the hiring process the company said, “At #TeamAmex, our colleagues do challenging, purposeful work across a wide range of impactful roles.” “From reimagining how payment products can push the world forward, to providing insights and experiences that […]

Economic Slowdown

Prioritising Workforce Upskilling in an Economic Downturn

In an economic downturn, companies often focus on cost-cutting measures such as layoffs and reducing employee training budgets. However, this short-sighted approach can lead to a weaker workforce and ultimately harm the company’s long-term success. Instead, companies should prioritise workforce upskilling during an economic downturn. Upskilling, or the process of developing and improving the skills […]

CHRO Move

Apple names its first-ever Chief People Officer

An American multinational technology company, Apple has named Carol Surface as Chief People Officer. She is Apple’s first-ever Chief People Officer. Carol Surface has been named to the new role and will be taking over the human resources duties from Deirdre O’Brien, who will continue in her role as head of retail. Apple is removing […]

Disney to layoff 7,000 employees to make business more profitable

An American multinational, mass media and entertainment conglomerate, Disney will layoff 7,000 employees to make business more profitable. The layoffs represent an estimated 3.6% of the company’s global workforce. The effort of the company is to save $5.5 billion in costs and make its streaming business profitable. The company shifts its focus to its core brands and […]

Fiancé got sacked by Microsoft: Woman asks “Marry him or not”?

The major companies laid off employees including Infosys, Amazon, Google, Microsoft, Byju’s, Wipro, and Salesforce laid off a maximum number of workers globally. According to trueup.io, so far in 2023, Stay up-to-date on the latest layoffs across big tech, tech unicorns, and startups. So far in 2023, there have been 379 layoffs at tech companies with 113,082 people impacted (3,056 people per day). In 2022, […]

PLI scheme attracted Rs 45,000 cr investment, created 3 lakh jobs

Earlier, Hon’ble Finance Minister, Smt Nirmala Sitharaman had announced an outlay of INR 1.97 Lakh Crores for the Production Linked Incentive- PLI Scheme across 14 key sectors, to create national manufacturing champions and to create new jobs. The sectors included automobiles and auto components, white goods, pharma, textiles, food products, high-efficiency solar PV modules, advanced chemistry cells […]

RBI raises repo rate by 25 basis points to 6.5% from 6.25%

The health of the Indian Banking sector, the Reserve Bank of India (RBI) recently raised the repo rate by 25 basis points to 6.5% from 6.25%. The announcement was made by the Governor of Reserve Bank of India Shaktikanta Das. What is RBI raises Repo Rate (RR)? Repo Rate (RR) is the rate at which the Reserve […]

Appointments

Biz2X appoints Vijay Kumar Jamwal as Head- HR

A Digital Lending SaaS platform, Biz2X (a subsidiary of Biz2Credit in India) has announced the appointment of Vijay Kumar Jamwal as Head- HR. In the new role, Vijay will be responsible to oversee the company’s HR operations and drive its human resources and organisational culture initiatives. Further, he will responsible to work on enhancing the policies […]

Hiring

Airbus to hire engineering, IT talent at Aero India

A global pioneer in the aerospace industry, Airbus has announced its hiring plans. The company will be recruiting engineering and Information Technology (IT) talent at the upcoming Aero India air show in Bengaluru next week. Job seekers can explore opportunities in airframe design, avionics, aircraft systems simulation, data analytics, cybersecurity, and cabin engineering. Suraj Chettri, […]

Zoom to sack 1300 employees, CEO salary to be reduced by 98%

An American communications technology company, Zoom has announced to sack 1300 employees or roughly 15 percent of the company’s workforce. Additionally, the Zoom CEO’s salary is to be reduced by 98%. The company hired employees as there was an increase in demand due to the pandemic. But as the pandemic is almost over the demand for […]