ELIMINATE JOBS
UPPSC overhauls exams: Bar codes and multiple sets to curb cheating amid NEET-NET fallout
UPPSC has introduced significant reforms in its recruitment examinations. These changes include using bar codes instead of series on answer copies and printing different sets of question papers from multiple facilities to enhance exam security and prevent cheating.
Women in India face a jobs crisis. Are factories the solution?
As international brands limit their dependence on China by shifting some manufacturing to India, the trend holds the potential to generate significant numbers of manufacturing jobs - especially for women, who have largely been excluded from the ranks of formal Indian employment.
View: Some suggestions for systemic improvements to minimise, or stop, future NEET-NET-type leaks
Recent events have put the National Testing Agency (NTA) under scrutiny due to the leakage of the NEET-UG test paper, impacting admission to medical colleges. With over 2 million students taking the NEET exam annually for around 1 lakh competitive seats, the stakes are high for career-defining opportunities.
AI will eliminate certain roles, but will create more jobs than it eliminates: Deloitte AI exec
In an interview with PTI, Tandon, Managing Director, AI and Insights Practice Leader, Deloitte LLP, said AI will not snatch jobs, but will simply do away with some of the easier jobs, and create new roles.
AI jobs command premium pay as companies fill specialised roles
Experts and staffing firms told ET that qualified AI professionals in India are raking in serious cash. Compared to traditional IT roles, AI specialists can command a salary premium of up to 40-80%. The demand for AI talent is exploding as companies race to fill these new and specialised positions.
What will a robot make of your resume? The bias problem with using AI in job recruitment
Establishing guidelines, ethical standards, and promoting transparency in AI decision-making processes are essential for fair recruitment practices. Collaboration between HR professionals and AI developers can lead to more inclusive and equitable hiring processes.
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Startup layoffs in 2024: Ola Electric, Byju’s, Flipkart among firms shedding jobs
Indian startups and large new-age companies have been cutting down their workforce since the beginning of this year.
No family member of terrorists, stone pelters will get govt job in J-K, says Amit Shah
The home minister, however, said the government will make an exception in case someone from a family comes forward and informs the authorities that his or her close relative has joined a terror outfit.
Study abroad: US, UK, Canada, Germany, Australia — which is the best country for Indian students in terms of education cost, scholarships, jobs?
Aspiring to pursue higher studies at prestigious universities like Harvard, Cambridge, Stanford, Oxford, MIT, and others is a common goal for many Indian students. However, achieving this aspiration often presents numerous challenges. Before making a final decision about studying abroad at these highly sought-after destinations, it's essential to carefully consider various factors. Let's explore the key considerations for Indian students aiming to study in these top 5 destinations.
Elon Musk predicts artificial intelligence will make jobs 'optional' in future
Speaking at a startup and tech event in Paris on Thursday, Musk said, "Probably none of us will have a job,". Elon Musk was speaking remotely via webcam at the Viva Tech event where he predicted a future where jobs would be "optional."
IPL 2024: Sunil Gavaskar terms RCB's performance 'absolutely phenomenal'
Former Indian cricketer Sunil Gavaskar praised Royal Challengers Bangalore (RCB) for their exceptional performance in the second half of the Indian Premier League (IPL) 2024. Initially struggling, RCB staged a remarkable turnaround by winning their last six matches, securing a spot in the playoffs. Yash Dayal's outstanding performance, including the crucial dismissal of MS Dhoni, contributed to RCB's victory over Chennai Super Kings. Gavaskar highlighted the leadership of Faf du Plessis and Virat Kohli in motivating the team. RCB's strong form raises doubts about Rajasthan Royals' ability to compete in the Eliminator match, as expressed by Kevin Pietersen.
IPL Eliminator: Rajasthan Royals desperate to arrest slide against Royal Challengers Bengaluru
Sanju Samson's Rajasthan Royals face a crucial IPL Eliminator against an in-form Royal Challengers Bengaluru (RCB) on Wednesday. After leading the league, RR slipped to third place with four losses and a washout. RCB, led by Faf du Plessis, staged a comeback, winning six straight games and knocking out Chennai Super Kings to reach the playoffs. RR's reliance on key players like Samson and Jaiswal contrasts with RCB's consistent performers, including top run-scorer Virat Kohli. The match at Narendra Modi Stadium promises a tough contest between two determined sides. Match starts at 7:30 pm IST.
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.
Modi govt 'snatching away' reservation by 'blindly' implementing privatisation: Rahul Gandhi
In a post in Hindi on X, Gandhi said the mantra of Narendra Modi's campaign to remove reservation is -- 'na rahega baans, na bajegi bansuri', meaning neither there will be government jobs nor any reservation will be available.
Tesla to lay off over 6,000 employees in Texas, California, notices show
Tesla plans 6,020 job cuts in Texas & California, 12% at Austin gigafactory. Musk to address falling demand & $25,000 car cancellation due to high interest rates. Buffalo, NY sees 285 job cuts.
Tech jobs dwindle with India's top IT firms cutting workforce by 64,000
With Infosys predicting a meagre 1% to 3% annual revenue growth and Wipro predicting a likely 1.5% revenue decline in the June quarter with a remote probability of a 0.5% increase, the picture for the current fiscal year is similarly dismal. For recent engineering graduates looking for work in the field, these developments are concerning.
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.
Novartis to cut 680 jobs in product development
Around 440 jobs will go in Switzerland and up to 240 in the United States over the next two to three years, the Basel-based company said. The job eliminations are separate from a restructuring programme which could lead up to 8,000 of Novartis's 78,000 global workforce being cut, it said.
Hollywood animation, VFX unions fight AI job cut threat
Jeffrey Katzenberg foresees accelerated movie production with generative AI. Adam Fowler analyzes AI's impact in Hollywood, while industry voices concerns over AI tools. Sam Tung advocates for AI rules, and Sarah Myers West highlights the significance of labor agreements in shaping AI deployment.
Companies to employ fewer people in next five years due to AI: study
According to a study by staffing provider Adecco Group, some 41% of senior executives expect to have smaller workforces because of AI technology
US awards record $6 bln to back industrial emissions reduction projects
The U.S. Energy Department is granting $6 billion for 33 industrial projects in 20 states to reduce carbon emissions. This investment will create union jobs and enhance U.S. competitiveness. The largest project will install new technology at a steel facility in Ohio to cut emissions by 1 million tons. These initiatives aim to eliminate 14 million metric tons of pollution yearly, equivalent to removing 3 million gas-powered vehicles from roads. The funding recognizes efforts by industries like cement, a major CO2 emitter.
EU to make it easier for migrants to work & live in Europe
The European Union is simplifying the process for foreign workers to obtain work and residency permits to address labour shortages and promote legal migration. The EU Parliament supports the streamlining of regulations for a Single Permit, pending final approval from the Council.
Shell to cut about 20% of jobs in deals team amid push for cost savings
“Shell aims to create more value with less emissions by focusing on performance, discipline and simplification across the business,” a spokesperson said.
TEPA: Norway to eliminate customs duties for almost 98 pc of imports from India
The ambitious trade pact, signed between India and the European Free Trade Association (EFTA) comprising Norway, Switzerland, Iceland and Liechtenstein, aims to expand trade across a range of areas including pharmaceuticals, manufacturing, new technologies and machinery. After the EEA (European Economic Area) agreement, this could become one of the most important trade agreements Norway has ever entered, said Norwegian Prime Minister Jonas Gahr Stoere.
Shift of labour to non-farm jobs: Why it's high time to reform India's job-creation laws
India aims to reduce agriculture's 'self-exploitation' through non-farm jobs. This requires addressing problems with job laws, promoting direct benefit transfer, improving infrastructure and human capital, and reforming social security and labor codes.
AI can create more jobs than it potentially eliminates: Tech Mahindra's CP Gurnani
While some top industry executives have discussed the potential loss of around a third of jobs due to the impact of the technology, Gurnani, one of the longest-serving CEOs in the $245-billion Indian information technology sector, insisted that skilled people will not be replaced. He is set to retire on Dec. 19.
Axel Springer to close Upday in shift towards AI-based news
Upday will close by the end of the year in its current form, with the new service scheduled to launch in the summer of 2024.
Samir Arora & Dinshaw Irani on elimination investing, on beating Nifty & more
Helios Capital's Founder, Samir Arora, and CIO, Dinshaw Irani, discuss their investment approach in a conversation with ET Now. They emphasize the importance of elimination investing, which involves sorting stocks into good and bad and eliminating the bad ones. They believe in avoiding trade-offs and focusing on consistent performance. They highlight their preference for sectors like consumer and finance in their portfolios. The Helios AMC team's edge lies in their long-standing experience and time-tested investment strategies.
Disney is poised to eliminate thousands of jobs next week
Disney is planning to cut thousands of jobs, with about 15% of the staff in its entertainment division at risk. The cuts will span across all regions and departments, including TV, film, theme parks, and corporate positions. The company stated that it plans to eliminate 7,000 positions from its workforce of more than 220,000, part of an overall strategy to reduce annual costs of $5.5bn. CEO Bob Iger is continuing to focus on franchise properties and well-established brands as part of his restructuring plans, with the entertainment division predicted to be a focus of the cuts.
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