Layoffs by Indian startups, which started in the beginning of 2022, have crossed the 25,000-mark as more new-age tech companies take the cost-cutting route to survive the funding winter. From 2022 till date, about 94 startups have laid off close to 25,805 employees in an attempt to reduce expenses and extend their runway to focus […]
Job hunters are playing down their skills and experience to match the required role, even if it means accepting lower designation and pay, at a time the job market is turning tight. Multiple executives from recruitment firms said candidates in the junior and middle order in IT, banking, and retail sectors are diluting their resumes […]
No matter what field you work in or what stage of your career you are in, metrics-based data always augments your CV, alerts Neelabh Shukla, Chief Business Officer, Careernet. In today’s job market, having a distinctive and well-crafted CV is essential to stand out from the competition and secure an interview.Whether you are a recent […]
A majority of over 100 unicorns in India have slashed appraisal budgets for 2023 as the startups increasingly look to cut costs while grappling with a prolonged funding winter amid deteriorating macroeconomic headwinds. The trend comes as a contrast to 2021, when startups hired aggressively amid immense investor interest and multiple fundraising rounds. With the […]
India’s ambitious journey to become a top player in the emerging electric vehicle market will be accompanied by 5 million new direct job opportunities, as per a report by talent solutions provider Careernet. The burgeoning market has already witnessed a 2,218 per cent surge in sales in the past three years. EV jobs saw a […]
Amid a bleak employment market, job-seekers across sectors are now turning to tech upskilling to stay relevant in the techade. But the question also arises if Indian companies have moved away from traditional tech degrees yet? Hiring has been put on the back burner at many companies in the last year. Startups, navigating funding winter […]
Careernet, India’s leading talent solutions provider, recently organised the 4th edition of its ‘Career Fair for Women’. The distinctive career fair led by Careernet Prism, an initiative of Careernet, to help employers build inclusive workplaces with diverse talent, witnessed participation from over 800 working women. The event was aimed to provide women across the country […]
Some of India’s biggest startup stars have seen their valuations slashed, and fallout is likely to impact fundraising, public offerings and employee morale in the entire ecosystem. Anshuman Das, chief executive of Careernet and Longhouse Consulting, says employees that indexed heavily on stocks in their packages will be unhappy from these developments and there could […]
In recent years, the tech industry has made significant strides toward gender equality, with several companies recognising the importance of increasing women’s representation in the sector. According to a CFA Institute review of voluntary business responsibility and sustainability reporting disclosures made by 134 companies, the IT sector had the highest female involvement rate in India […]
As the funding winter continues, startups laid off about 9,400 employees in the January-March period, according to data from hiring firm Careernet shared exclusively with ET.Edtech firms Byju’s, Unacademy, social media firms shareChat, apartment-management startup MyGate and car-servicing startup GoMechanic were among the companies that fired a significant chunk of their team, the report said. […]
