As per Anshuman Das, CEO and Co-founder, Careernet in cost cutting measures non-revenue generating projects and non-performing teams or employees have to bear the brunt. While companies typically prioritise cutting costs in areas that are not contributing to the bottom line, they also consider laying off employees or letting go of projects that are not […]
Technology companies are likely to hire engineering graduates at the previous year’s levels of ₹2-4 lakh per annum, industry experts said, adding they expect no increase in freshers’ pay this year as hiring winds down after a year of aggressive recruitment. “IT firms, including large services companies, will see at least 40% drop in fresher […]
Mark Zuckerberg says this is a year of efficiency. Yahoo says it will slash 20 percent workforce. Disney slashes 7,000 jobs. The list is too long to be ready so we have put out the numbers on your screen. How deep this pain is? how long it will last and what’s the way forward? What […]
As thousands of employees have lost their jobs in the ongoing funding winter, startups have put in place outplacement support for laid-off employees to find their next job opportunity. While some companies like Vedantu, and Innovaccer have setup such support teams internally, external service providers like Careernet have also been working with companies to provide […]
Excess hiring in the previous year and continued economic uncertainties are affecting campus recruitment by top information technology IT services players Anshuman Das chief executive officer and co-founder of Careernet said: “We are expecting CY23 hiring to be subdued. We see a dip of 50 per cent in terms of numbers over the previous year.” […]
The implementation of a flexible hybrid work model, which combines working from home and in an office setting, has become increasingly popular in today’s business environment. This approach grants employees the autonomy to plan their workweek in a manner that adheres to both company policies and personal needs, while providing businesses with access to a […]
Indian software service providers may let go of around 2,500 recent recruits for failing screening tests mere months after they were onboarded, even as some industry experts claimed the downsizing resulted from companies taking on more people than they needed during the pandemic. “We expect around 2,500-plus freshers to be removed from these companies due […]
Startups in India fired about 6,000 employees in October-December 2022 and another 4,000 or so in January 2023 alone, according to a CIEL HR Services study shared exclusively with ET.With investors tightening their purse strings because of the volatility in the global economy, many unicorns and startups such as Byju, Swiggy, and Ola have slowed […]
Rising inflation, fear of recession and job security amid layoffs are the trends that are making the Indian workforce cautious in 2023. According to LinkedIn Workforce, Confidence Index, 74 percent of Indian workers are concerned about rising prices and inflation and only 43 percent of Indian workers feel that they are prepared for an economic […]
With almost all big technology companies announcing global layoffs one after the other, professionals in the sector in India are frantically looking for more secure options.The inflow of resume from tech industry employees who have not received pink slips has at least doubled in the past one month or so, said executives at recruitment services […]
