LAYOFFS - Opportunity For Bad Actors
Microsoft Layoffs: माइक्रोसॉफ्ट 11,000 कर्मचारियों को दिखाएंगे बाहर का रास्ता
#microsoft #microsoftlayoffs #techcompany
Microsoft Layoffs: माइक्रोसॉफ्ट 11,000 कर्मचारियों को दिखाएंगे बाहर का रास्ता
Microsoft Corp plans to cut thousands of jobs with some roles expected to be eliminated in human resources and engineering divisions
get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Subscribe on YouTube.
Microsoft Layoffs: माइक्रोसॉफ्ट 11,000 कर्मचारियों को दिखाएंगे बाहर का रास्ताBy LNV India| 115 views
Indian Industry is witnessing massive layoffs and hiring freeze
Indian Industry is witnessing massive layoffs and hiring freeze
Indian Industry is witnessing massive layoffs and hiring freezeBy VARINDIA| 83 views
Why have big tech companies started mass layoffs??
During and post Covid, several companies doubled their sizes — including some small tech firms that hired crazily because the world was going towards digitization. “Now, when it starts becoming more ‘unit economics–driven,’ it will become an opportunity for some companies to cut their unnecessary load, and demand may also slow down, given the overall global macroeconomic scenario. Hence, employers are forced to re-adjust their cost structures to the available demand.”
Tech layoffs are skyrocketing and several enterprises are opting for mass layoffs and freezing hirings to maintain the profit ratio by tightening their belts and they are in a good faith that everything will go on-line, digital is going to drive the market on their own terms but creating a global scenario as the uncertainties in the market and challenging global macroeconomic conditions. Thousands of employees have lost their jobs in the country and are sharing their bitter layoff experience.
Job cuts are hitting the tech sector hard after years of unbridled growth. Facebook parent Meta, Twitter, Shopify, Salesforce, Stripe and CISCO have laid off thousands of employees to weather the rough macroeconomic conditions. The past few months have been difficult for people working in the private sector in India, particularly for employees of tech companies.
It’s not just the startups that are laying off people, but also storied IT services organizations. Amazon will continue to lay off employees in the coming year. Thankfully, there is no such prospect of recession in India.
Experts believe this might be just the beginning of job cuts in India. Startups with unicorn status including Byju’s Unacademy, Meesho, Ola, Blinkit, Cars24 and others, have laid off thousands of people in their workforce.
Secondly, organizations have been bullish and anticipating a higher valuation and a lot of inflow of funds from venture capitalists. Probably the organizations could not antiBy VARINDIA| 28 views
Global layoffs to reset the economy
The ongoing #RussiaUkraineWar has contributed to the layoffs in the job market as it has made the market more volatile. This is clearly visible from stock market volatility. A potential economic recession is a big red flag. With inflation soaring in most parts of the world, leading to a crisis in the job market as well. The International Monetary Fund has cited forecasts for global GDP growth in both 2022 and 2023 as gloomy. These measures involved increasing the interest rates.
We have seen how the U.S. multinational companies including tech giants Amazon, Meta, Intel, Twitter, Citi, Morgan Stanley and Adobe, announced massive layoffs. These developments are bound to have an impact on India’s export prospects, especially in the information technology sector. The Indian IT services firms are among the largest employers in the organized sector and any global economic trend is bound to have an impact on their growth projections.
The attrition rates or the number of employees per 100 quitting on their own, of the top two firms, TCS and Infosys, show that these rates are still high, which means that there is enough business for the sector for competitors to draw away employees with promise of higher salaries. For instance, all top companies except Wipro saw a rise in revenue and net profit.
The news of layoffs in the Indian start-up front is predominantly in Edtech, or the educational technology front. During the pandemic, there was a surge in demand as people were in lockdown, and were spending a lot of time on the internet. The overall consumption saw an upsurge following which the companies went to increase their output to meet the market requirements.
As the demand is coming back to pre-Covid levels and seeing the debt bubble almost about to burst and fearing recession, Managements during a recession look critically at headcount numbers to cut costs and protect profit margins as they are accountable to investors.
ExpertsBy VARINDIA| 25 views
Tech layoffs to continue
As the global financial situation weighs on wallets and portfolios, big names like Meta, Twitter and Amazon have all initiated #layoffs in 2022. November tech layoffs alone have surpassed 45,000 heads, with the largest firms trimming the fat by 10,000+ heads each.
Some companies that go private disappear from public view. But Not Twitter. It’s hard to think of another corporate takeover whose aftermath has drawn much of the media attention, with many details leaking out. And that has surely complicated Elon Musk’s life, for instance, scaring away advertisers and possibly making it harder to recruit employees. Even so, Musk’s view that it would be easier to restructure Twitter as a private firm—expressed in an April text to Twitter’s then chair, Bret Taylor—was still probably right.
After all, while we’ve heard a lot about the untrammelled nature of Musk’s management style, we know little about what’s most important—the state of Twitter’s business, such as its current level of revenue, expenses and debt levels. Yes… Musk borrowed $13 billion in debt that carried very high interest rates.
It’s possible, though, that he will use his latest sale of Tesla stock this week, raising somewhere around $3.5 billion, to pay some of that off. That’s one interpretation of his tweet: “At risk of stating obvious, beware of debt in turbulent macroeconomic conditions, especially when Fed keeps raising rates.” The bottom line is that without knowing the key financial details, we can’t really assess the state of play.
As reported by the Information, based on the snippets that have been reported—such as ad revenue falling in some regions by as much as half—you can guess that lower revenue has largely offset the cost savings from employee cuts. It’s also likely that at current valuation levels Twitter’s equity has been all but wiped out.
Assume that its revenue is running at an annualized level of $4 billion now, down 20% from 2021. Then applBy VARINDIA| 12 views
Startups continuing Layoffs amid funding winter
Founders are acutely aware of the slowdown in deal-making, and ‘expanding the runway’ is the mantra they are following to tide over the next quarters. So, startups are on the drawing board to implement those measures. Going back which will help them survive for the next 24 months.
Among companies to end layoffs in 2023, Google-backed Mohalla Tech Pvt Ltd, which runs social media site #ShareChat and short video platform Moj, topped the list with nearly 600 layoffs. It states that external macro factors affect the cost and availability of capital.
The Bengaluru-based company cut its workforce by around 20% in the latest round. Mohalla Tech also laid off its fantasy sports vertical Jeet11, which laid off around 115 employees in December.
Another Google-backed startup that laid off its employees in early 2023 is Dunzo. The instant commerce firm laid off 3% or about 90 employees as part of its restructuring. Product and supply chain employees were the most affected. “Some senior developers and at least two directors of engineering have been dismissed,” said a person with knowledge of Dunzo’s development.
The challenge of this “winner-takes-all” model in the corporate world is that the competition has to be decimated with whatever means necessary, the ultimate objective for the winner is a monopoly (the only buyer) and a monopsony (the only seller). There is no room for a second or third player in this model.
The “winner-takes-all” model requires an enormous amount of funding – business fundamentals such as profits or even revenue are not important. The model’s assumption is that equity can fund losses; revenues are not important until such time that there is only one player standing.
Food delivery major Swiggy reportedly plans to fire around 8-10% of its workforce, or 480-600 employees, to reduce costs amid the ongoing funding winter. The layoff at Swiggy will impact its product, engineering and operations teams, FinaBy VARINDIA| 24 views
12,000 Meta employees are likely to lose their jobs amid ‘quiet layoffs’ #shorts
12,000 Meta employees are likely to lose their jobs amid ‘quiet layoffs’ #shortsBy VARINDIA| 34 views
Amazon CEO says more layoffs coming in 2023 #shortsvideo
Amazon CEO says more layoffs coming in 2023 #shortsvideoBy VARINDIA| 9 views
NITES alleges Amazon India layoffs as unjustified #shorts
NITES alleges Amazon India layoffs as unjustified #shortsBy VARINDIA| 10 views
Every day, it seems, there is a new announcement of a company forced to do layoffs - most notably in the tech and media sectors. With layoffs comes the threat of a disgruntled employee taking important company information with them when they go. How can companies minimize the risk of data exfiltration by current or ex-employees?
Massive layoffs are a huge opportunity for bad actors and someone who has just been laid off may be a prime target for an incentivized offer for information. Experts say, "Organizations have spent most of their resources on protecting themselves from external cyber threats. But what happens when the adversary has a set of keys and can stroll right in?
Today's Headline in NewsHours
0:00 Intro.
00:47 Layoffs can increase security risks.
01:30 Layoffs can lead to decreased morale creating opportunities for bad actors.
02:15 Protecting data during layoffs is crucial.
03:04 Samsung will not replace Google with Bing on its smartphones.
03:45 Tesla seriously considering setting up production base in India.
04:30 Blue Origin wins $3.4B NASA contract to build spacecraft for Moon missions.
05:20 Twitter testing new product with influencers and celebrities.
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#varindia #newshour #Layoffs #OpportunisticBehavior #BadActors #JobLoss #Unemployment #WorkplaceChallenges #EconomicImpact #BusinessEthics #CorporateResponsibility #WorkforceReduction #CareerTransition #EmploymentIssues #JobMarket #LaborForce #HumanResources #OrganizationalChange #Economy #Job
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Technology
Microsoft Layoffs: माइक्रोसॉफ्ट 11,000 कर्मचारियों को दिखाएंगे बाहर का रास्ता
#microsoft #microsoftlayoffs #techcompany
Microsoft Layoffs: माइक्रोसॉफ्ट 11,000 कर्मचारियों को दिखाएंगे बाहर का रास्ता
Microsoft Corp plans to cut thousands of jobs with some roles expected to be eliminated in human resources and engineering divisions
get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Subscribe on YouTube.
Microsoft Layoffs: माइक्रोसॉफ्ट 11,000 कर्मचारियों को दिखाएंगे बाहर का रास्ताBy LNV India| 115 views
Indian Industry is witnessing massive layoffs and hiring freeze
Indian Industry is witnessing massive layoffs and hiring freeze
Indian Industry is witnessing massive layoffs and hiring freezeBy VARINDIA| 83 views
Why have big tech companies started mass layoffs??
During and post Covid, several companies doubled their sizes — including some small tech firms that hired crazily because the world was going towards digitization. “Now, when it starts becoming more ‘unit economics–driven,’ it will become an opportunity for some companies to cut their unnecessary load, and demand may also slow down, given the overall global macroeconomic scenario. Hence, employers are forced to re-adjust their cost structures to the available demand.”
Tech layoffs are skyrocketing and several enterprises are opting for mass layoffs and freezing hirings to maintain the profit ratio by tightening their belts and they are in a good faith that everything will go on-line, digital is going to drive the market on their own terms but creating a global scenario as the uncertainties in the market and challenging global macroeconomic conditions. Thousands of employees have lost their jobs in the country and are sharing their bitter layoff experience.
Job cuts are hitting the tech sector hard after years of unbridled growth. Facebook parent Meta, Twitter, Shopify, Salesforce, Stripe and CISCO have laid off thousands of employees to weather the rough macroeconomic conditions. The past few months have been difficult for people working in the private sector in India, particularly for employees of tech companies.
It’s not just the startups that are laying off people, but also storied IT services organizations. Amazon will continue to lay off employees in the coming year. Thankfully, there is no such prospect of recession in India.
Experts believe this might be just the beginning of job cuts in India. Startups with unicorn status including Byju’s Unacademy, Meesho, Ola, Blinkit, Cars24 and others, have laid off thousands of people in their workforce.
Secondly, organizations have been bullish and anticipating a higher valuation and a lot of inflow of funds from venture capitalists. Probably the organizations could not antiBy VARINDIA| 28 views
Global layoffs to reset the economy
The ongoing #RussiaUkraineWar has contributed to the layoffs in the job market as it has made the market more volatile. This is clearly visible from stock market volatility. A potential economic recession is a big red flag. With inflation soaring in most parts of the world, leading to a crisis in the job market as well. The International Monetary Fund has cited forecasts for global GDP growth in both 2022 and 2023 as gloomy. These measures involved increasing the interest rates.
We have seen how the U.S. multinational companies including tech giants Amazon, Meta, Intel, Twitter, Citi, Morgan Stanley and Adobe, announced massive layoffs. These developments are bound to have an impact on India’s export prospects, especially in the information technology sector. The Indian IT services firms are among the largest employers in the organized sector and any global economic trend is bound to have an impact on their growth projections.
The attrition rates or the number of employees per 100 quitting on their own, of the top two firms, TCS and Infosys, show that these rates are still high, which means that there is enough business for the sector for competitors to draw away employees with promise of higher salaries. For instance, all top companies except Wipro saw a rise in revenue and net profit.
The news of layoffs in the Indian start-up front is predominantly in Edtech, or the educational technology front. During the pandemic, there was a surge in demand as people were in lockdown, and were spending a lot of time on the internet. The overall consumption saw an upsurge following which the companies went to increase their output to meet the market requirements.
As the demand is coming back to pre-Covid levels and seeing the debt bubble almost about to burst and fearing recession, Managements during a recession look critically at headcount numbers to cut costs and protect profit margins as they are accountable to investors.
ExpertsBy VARINDIA| 25 views
Tech layoffs to continue
As the global financial situation weighs on wallets and portfolios, big names like Meta, Twitter and Amazon have all initiated #layoffs in 2022. November tech layoffs alone have surpassed 45,000 heads, with the largest firms trimming the fat by 10,000+ heads each.
Some companies that go private disappear from public view. But Not Twitter. It’s hard to think of another corporate takeover whose aftermath has drawn much of the media attention, with many details leaking out. And that has surely complicated Elon Musk’s life, for instance, scaring away advertisers and possibly making it harder to recruit employees. Even so, Musk’s view that it would be easier to restructure Twitter as a private firm—expressed in an April text to Twitter’s then chair, Bret Taylor—was still probably right.
After all, while we’ve heard a lot about the untrammelled nature of Musk’s management style, we know little about what’s most important—the state of Twitter’s business, such as its current level of revenue, expenses and debt levels. Yes… Musk borrowed $13 billion in debt that carried very high interest rates.
It’s possible, though, that he will use his latest sale of Tesla stock this week, raising somewhere around $3.5 billion, to pay some of that off. That’s one interpretation of his tweet: “At risk of stating obvious, beware of debt in turbulent macroeconomic conditions, especially when Fed keeps raising rates.” The bottom line is that without knowing the key financial details, we can’t really assess the state of play.
As reported by the Information, based on the snippets that have been reported—such as ad revenue falling in some regions by as much as half—you can guess that lower revenue has largely offset the cost savings from employee cuts. It’s also likely that at current valuation levels Twitter’s equity has been all but wiped out.
Assume that its revenue is running at an annualized level of $4 billion now, down 20% from 2021. Then applBy VARINDIA| 12 views
Startups continuing Layoffs amid funding winter
Founders are acutely aware of the slowdown in deal-making, and ‘expanding the runway’ is the mantra they are following to tide over the next quarters. So, startups are on the drawing board to implement those measures. Going back which will help them survive for the next 24 months.
Among companies to end layoffs in 2023, Google-backed Mohalla Tech Pvt Ltd, which runs social media site #ShareChat and short video platform Moj, topped the list with nearly 600 layoffs. It states that external macro factors affect the cost and availability of capital.
The Bengaluru-based company cut its workforce by around 20% in the latest round. Mohalla Tech also laid off its fantasy sports vertical Jeet11, which laid off around 115 employees in December.
Another Google-backed startup that laid off its employees in early 2023 is Dunzo. The instant commerce firm laid off 3% or about 90 employees as part of its restructuring. Product and supply chain employees were the most affected. “Some senior developers and at least two directors of engineering have been dismissed,” said a person with knowledge of Dunzo’s development.
The challenge of this “winner-takes-all” model in the corporate world is that the competition has to be decimated with whatever means necessary, the ultimate objective for the winner is a monopoly (the only buyer) and a monopsony (the only seller). There is no room for a second or third player in this model.
The “winner-takes-all” model requires an enormous amount of funding – business fundamentals such as profits or even revenue are not important. The model’s assumption is that equity can fund losses; revenues are not important until such time that there is only one player standing.
Food delivery major Swiggy reportedly plans to fire around 8-10% of its workforce, or 480-600 employees, to reduce costs amid the ongoing funding winter. The layoff at Swiggy will impact its product, engineering and operations teams, FinaBy VARINDIA| 24 views
12,000 Meta employees are likely to lose their jobs amid ‘quiet layoffs’ #shorts
12,000 Meta employees are likely to lose their jobs amid ‘quiet layoffs’ #shortsBy VARINDIA| 34 views
Amazon CEO says more layoffs coming in 2023 #shortsvideo
Amazon CEO says more layoffs coming in 2023 #shortsvideoBy VARINDIA| 9 views
NITES alleges Amazon India layoffs as unjustified #shorts
NITES alleges Amazon India layoffs as unjustified #shortsBy VARINDIA| 10 views
VARINDIA
AI is used Towards Client AI Processing
#Artificialintelligence is increasingly being used for client AI processing. This means that AI models are being trained and deployed on client devices, such as smartphones, laptops, and IoT devices. This has a number of advantages, including, Reduced latency, Improved privacy and Reduced bandwidth usage.
Traditionally, AI processing has been conducted by massive clusters of servers in the cloud or data centers. This is because AI models can be very large and complex, and they require a lot of computing power to train and run.
AI is used Towards Client AI ProcessingBy VARINDIA| 256 views
Can Google’s tools combat online misinformation
#Google's efforts to combat misinformation are important because misinformation can have a negative impact on society. It can undermine trust in institutions, lead to violence, and harm democracy. By developing new tools and initiatives, Google is helping to make the internet a safer and more informed place for everyone.
Google has recently unveiled three new tools to combat online misinformation:
· About this Image: This feature, which was initially unveiled earlier in 2023 and is now available globally to English-speaking users through Google Search, provides information about images, including their history, descriptions by users, metadata, and clear indications if an image is generated by AI. Google's AI-generated images are also clearly labelled.
· Fact Check Explorer: This tool allows journalists to verify images by tapping into information from independent organizations.
· AI-generated source descriptions within the Search Generative Experience: This feature provides original sources and insights from reputable publications, which are accessible through the "More About This Page" section in search results.
Can Google’s tools combat online misinformationBy VARINDIA| 172 views
Increasing online Frauds
Recent developments in the technology landscape, including the acceleration of automation, artificial intelligence, and the digitization of industries, are transforming the nature of work. These challenges have immediate and far-reaching implications for India's economy, society, and future prospects.
The Tech Tsunami, characterized by rapid technological advancements, has the potential to drive unprecedented growth and innovation. However, if not harnessed effectively, it could lead to job shrinkage, job displacement and job reduction further leading to increased economic inequality.
Today's Headline in NewsHours
0:00 Intro
3:07 Online gaming firms sent tax notices worth INR 1 lakh cr
3:36 Government plans to introduce regulatory sandbox for OTT apps
4:05 #Microsoft pulling the plug on its metaverse project
4:33 #HMD Global to manufacture own brand of smartphones in India in 2024
5:00 #TechMahindra’s CEO designate Mohit Joshi announces restructuring
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Increasing online FraudsBy VARINDIA| 181 views
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PS - My channel is dedicated to my much beloved n most missed Father - Mr. Kulwant Singh. He was, is and will always be in my heart to heal it whenever it gets hurt. He's living this life through me.
Disclaimer : All products used in my videos, regardless of whether the is sponsored or not, are the products i like using. the information provided on this channel is only for general purposes and should NOT be considered asBy JSuper kaur| 421859 views
How To : Fuller lips with Easy Techniques - No Lip Liners - No Overlining Ft. Pilgrim Lip care range
Pilgrim, a vegan skincare brand, has announced that it is launching a lip care range, including lip serums, lip balms, lip scrubs and lip sleeping masks, in a range of fun and deliciously fragrant flavours including bubblegum, blueberry, and peppermint.
Use my code NidhiK15' to get 15% off
(Code available only on their official website)
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https://bit.ly/3zGPPZd
Also available on Nykaa, Amazon, Flipkart, Myntra & Purplle
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This video is Sponsored by Pilgrim
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Watch My other Vlogs -
https://www.youtube.com/watch?v=ih_bKToLC3g&list=PLswt2K44s-hbKsvEBLEC5fHDkEp7Wwnpd
Watch My Disney Princess to Indian Wedding Series here - Its fun to watch Indian Avatar of Disney Princesses -
https://www.youtube.com/watch?v=lPkRbupcUB0&list=PLswt2K44s-haUOABjzzUOG2jwUh_Fpr96
Watch My Monotone Makeup Looks Here -
https://www.youtube.com/watch?v=WrpPx-_F1Yw&list=PLswt2K44s-hZOfXt-sSQlVe7C_vBOjsWQ
Love Affordable Makeup - Checkout What's new in Affordable -
https://www.youtube.com/watch?v=lowjaZ9kZcs&list=PLswt2K44s-hZcQ-tZUr7GzH0ymkV18U8o
Here is my Get UNREADY With Me -
https://www.youtube.com/watch?v=aLtDX9l8ovo&list=PLswt2K44s-hbLjRz8rtj8FTC-3tZ55yzY
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Jummah की नमाज को लेकर Kashi में Police Alert, चप्पे- चप्पे पर Force तैनात
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Jummah की नमाज को लेकर Kashi में Police Alert, चप्पे- चप्पे पर Force तैनात
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Jummah की नमाज को लेकर Kashi में Police Alert, चप्पे- चप्पे पर Force तैनातBy LNV India| 0 views
BJP MLA Ganpat Gaikwad ने Eknath Shinde Shiv Sena Leader Mahesh Gaikwad को थाने के अंदर मारी गोलियां
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गोलियों की तड़तड़ाहट... भागते... जान बचाते लोग.... बीजेपी नेता की आंखों में खून सवार... ये वीडियो कहीं और का नहीं बल्कि बीजेपी के नेतृत्व में बनी एकनाथ शिंदे सरकार के महाराष्ट्र राज्य का है... गोलियां मारने वाला कोई और नहीं बल्कि मौजूदा विधायक और बीजेपी का प्रतिष्ठित नेता है... सत्ता की हनक ऐसी कि थाने के अंदर गोलियां दाग रहा है...
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BJP MLA Ganpat Gaikwad ने Eknath Shinde Shiv Sena Leader Mahesh Gaikwad को थाने के अंदर मारी गोलियांBy PunjabKesari TV| 0 views
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Nitish Kumar की जगह Jitan Ram Manjhi को CM बनाएंगे BJP ! Mukesh Sahani | Bihar News | #dblive
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