CITI JOB CUT
Asian stocks climb, Yen rallies off historic lows: Markets wrap
Investors await US jobs report and British election outcome. Unemployment rate expected to remain steady. Chicago Fed President comments on interest rates.
India's ragpickers: A miserable and dangerous job made worse by extreme heat
India generates at least 62 million tons of waste annually, according to central government records, and some of its landfills are literal mountains of garbage, like the Ghaziabad landfill outside New Delhi. And while a 2016 law made it mandatory to segregate waste so that hazardous material doesn't make its way to landfills, the law has been poorly enforced, adding to the risk of waste pickers.
New-age job roles: How India can engineer a future beyond software
With nearly 1,600 international corporations operating captive units, 1.7 million highly educated professionals are employed. It might theoretically increase its pool of relevant talent if it made a concerted effort to improve both the number and calibre of the more than 2.5 million Ph.D.s and graduates in science, technology, engineering, and medicine that India produces each year.
JPMorgan, Citi scrap Fed rate-cut bets for July after jobs data
JPMorgan's chief US economist, Michael Feroli, stated in a report on Friday that "the recent momentum in job growth" indicates that the "broader" labor-market weakening, which the Fed mentioned could justify a rate cut, might take more than three months to materialize.
Strategic acquisition of mid-level talent is pivotal for D2C companies to grow in this market
The D2C market in India is experiencing significant growth, driven by a surge in consumer numbers and a diversification of offerings. AI and automation are playing a crucial role in revolutionizing operations, while the impact of the Open Network for Digital Commerce (ONDC) is profound.
The man who escaped the scam rings of Cambodia
Thousands of workers are trafficked to Southeast Asia to commit cyber fraud on their fellow citizens over social media. Ex-serviceman Botcha Sankhar, who was forced to work in the scam compounds of Cambodia for six months, unravels the modus operandi of this new and terrifying form of crime and forced labour
- Go To Page 1
Rubicon, apna.co partner to enable 50,000+ job opportunities in FY25
apna.co partners with Rubicon to empower job seekers with essential skills. Nirmit Parikh, Founder & CEO, and Dhanya Narayanan, COO of Rubicon, aim to bridge the gap between education and employment for 2 million job seekers by 2030, focusing on India's diverse workforce.
Hotels up hiring game: About 100,000 jobs likely to be created in 12-18 months
Hotels across segments are ramping up their workforce as they are adding more rooms and entering new markets amid a strong pickup in business and leisure travel. The jobs they are recruiting for are a mix of permanent, temporary and gig, said Balasubramanian A, vice president and head of consumer, hospitality and ecommerce at TeamLease.
Job site Indeed cuts around 1,000 jobs in second layoff in two years
Indeed's layoffs were announced by chief executive officer Chris Hyams in a company memo. This development comes as the job listing platform grapples with a significant downturn in job postings and a cooling labor market.
D2C brands step up hiring to drive offline push
D2C (direct-to-consumer) companies in Bengaluru are increasing their offline presence and hiring talent to support their brick-and-mortar expansion. Licious, Noise, and Wakefit.co are among those seeking individuals with hyperlocal understanding, online and offline expertise, and experience in digital, ecommerce, and supply chain. Wakefit.co is employing a 'train and hire' approach, training freshers before they start in stores.
Oil prices up on stronger Chinese data, Middle East conflict
In the previous session, oil prices edged up to a one-week high on data of rising crude oil imports in China in April and as investors saw the cooling U.S. job market as an indication of possible interest rate cuts.
Record immigration is colliding with housing crises across the world
Many developed countries are facing economic challenges as migration-driven growth falters due to housing shortages. Despite the positive impact of immigration on workforce gaps, housing affordability worsens, leading to per-capita recessions. Countries like Canada and Australia are reevaluating their immigration policies to address these issues and sustain economic growth.
Oil edges up after Israel strikes Gaza, while truce talks continue
Brent crude futures were up 46 cents, or 0.55%, at $83.79 per barrel at 0010 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 46 cents, or 0.59%, to $78.94 a barrel.
Dollar steady after soft US jobs report; yen starts week on back foot
The yen had clocked last week its strongest weekly gain in more than 17 months following two bouts of suspected Japanese government interventions to pull the currency away from 34-year low of 160.245 per dollar.
Oil edges back towards 7-week low after resilient US jobs data
Brent crude futures for July were up 40 cents, or 0.5%, at $83.84 a barrel by 1332 GMT, having earlier touched a session peak of $84.44. U.S. West Texas Intermediate (WTI) crude for June was 27 cents, or 0.3%, firmer at $79.27, off a high for the day of $79.90.
No jobs, no future: In Canada, drugs are Indian students’ last resort
The grim reality of hefty education loans and joblessness in the land they once hoped would offer prosperity has ensnared numerous Indian students in Canada in a vicious cycle of cocaine, marijuana and liquor as a coping mechanism for unemployment-induced stress
Tech companies plug into India's smaller cities for talent
The trend of Indian IT companies relocating to smaller cities is gaining momentum, driven by factors such as cost efficiency, government incentives, and the availability of talent. Workers like B. Ramachandran are choosing to live in places like Madurai over major tech hubs like Bengaluru and Chennai, citing reasons such as familial ties and lower living costs.
After GSPL, tariff cuts for GAIL also can’t be ruled out. Gajendra Singh of PNGRB explains why
PNGRB ensures regulated entities' returns are capped at 12% by carrying out pricing revision. Unified tariff has been introduced for the CGD companies as well as GAIL to sustain pipeline entities. Gajendra Singh of PNGRB says that emphasis is on transparency, customer benefits, and competition in gas sector for fair pricing.
Google layoffs: Tech giant undertakes fresh job cuts in cost optimisation push
Alphabet-owned Google is undergoing a restructuring, with layoffs and expansion plans in key hubs like India, Chicago, Atlanta, and Dublin. Concerns are being raised about further job cuts amid economic uncertainties as Google seeks to enhance efficiency and align resources with product objectives.
Dollar jumps as soaring US job growth beats expectations
The dollar strengthened on Friday after data showed U.S. employers hired far more workers than expected in March, potentially delaying anticipated interest rate cuts from the Federal Reserve this year.
Bumble to lay off 350 employees, forecasts weak first-quarter revenue
Bumble, led by CEO Lidiane Jones, cuts jobs and expects disappointing Q1 revenue due to a slowdown in user spending. The company plans to relaunch apps, target younger users, drive revenue growth, expand globally, and revamp the eponymous app to meet analysts' expectations.
Dollar keeps tight ranges ahead of Fed, jobs data
The dollar held narrow ranges against its major peers on Tuesday, as traders awaited the Federal Reserve's monetary policy decision for clues on when the U.S. central bank might cut rates.
Citi to cut 20,000 jobs through 2026, CFO says
Citi also expects to shed a further 40,000 jobs when it lists its Mexican consumer unit Banamex in an initial public offering. It ultimately aims to reach a staffing level of 180,000 employees, Chief Financial Officer Mark Mason said.
US tech unicorn Palmetto lays off employees in multiple job cuts
Job profiles that were eliminated included operations strategy managers, coordinators and warehouse managers, according to posts by affected employees on professional networking platform LinkedIn.
Freshers in smaller cities queue up to learn new-age skills
Edtech platform Great Learning has observed fresher enrolment from smaller towns like Madurai, Nagpur, Visakhapatnam, Coimbatore, Lucknow, Indore, Jodhpur, Mysuru, Guwahati and Bhubaneswar surge to 42-44% of the total in 2023 compared with 30-32% a couple of years ago.
Citigroup cuts over 300 senior managerial roles
The company started announcing the cuts - which affect those staffers two levels below Fraser's executive management team - on Monday, according to a person familiar with the matter. They amount to roughly 10% of the workers at that level, according to the person, who asked not to be identified discussing personnel information.
Citigroup employees brace for layoffs, management overhaul
Preparations for Monday's announcements were communicated verbally in meetings, according to a source familiar with the situation who was not authorized to speak publicly. Some staff may be able to apply for other roles at the bank, the source said.
Citigroup considering at least 10% job cuts in major businesses, says CNBC
Citigroup's managers and consultants have reportedly discussed potential job cuts of at least 10% in several major business segments as part of CEO Jane Fraser's reorganization plan. Citigroup had previously announced plans for job cuts in a broad overhaul unveiled in September.
Google-backed Adda247 cuts nearly 300 jobs: Report
About 150 employees were laid off in major verticals, including sales and content. It is the first layoff in a few years at the company.
Load More
