IT Employees Fight against Layoffs In India | iNews
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’ #shortsच्या कडून VARINDIA| 35 दृश्ये
Delhi CM asks govt to intervene as IT employees finding difficulty in getting jobs amid layoffs
Delhi CM asks govt to intervene as IT employees finding difficulty in getting jobs amid layoffsच्या कडून VARINDIA| 19 दृश्ये
World is supporting India’s fight against terror but a few parties suspect our fight against terror.
Sadly, a few parties, guided by Modi hatred have started hating India. No wonder, while the entire nation supports our armed forces, they suspect the armed forces.
The world is supporting India’s fight against terror but a few parties suspect our fight against terror: PM Modi
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Watch World is supporting India’s fight against terror but a few parties suspect our fight against terror. With HD Qualityच्या कडून Bharatiya Janata Party Delhi| 6035 दृश्ये
NITES alleges Amazon India layoffs as unjustified #shorts
NITES alleges Amazon India layoffs as unjustified #shortsच्या कडून VARINDIA| 31 दृश्ये
KAMCO Bank Employees Pass Resolution, Condemn Employees’ Action Against Bank Management
Kashmir Crown an initiative for good journalism in the state of Jammu and Kashmir.Watch KAMCO Bank Employees Pass Resolution, Condemn Employees’ Action Against Bank Management With HD Quality
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GHMC EMPLOYEES UNION PROTEST AGAINST TELANGANA GOVT TO PERMANENT OUT SOURCE EMPLOYEES
GHMC EMPLOYEES UNION PROTEST AGAINST TELANGANA GOVT TO PERMANENT OUT SOURCE EMPLOYEES
GHMC EMPLOYEES UNION PROTEST AGAINST TELANGANA GOVT TO PERMANENT OUT SOURCE EMPLOYEESच्या कडून TV11 LIVE| 64532 दृश्ये
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 antiच्या कडून VARINDIA| 35 दृश्ये
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.
Expertsच्या कडून VARINDIA| 51 दृश्ये
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 applच्या कडून VARINDIA| 15 दृश्ये
Watch IT Employees Fight against Layoffs In India | iNews With HD Quality
#telugunews#INEWS
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बातम्या
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’ #shortsच्या कडून VARINDIA| 35 दृश्ये
Delhi CM asks govt to intervene as IT employees finding difficulty in getting jobs amid layoffs
Delhi CM asks govt to intervene as IT employees finding difficulty in getting jobs amid layoffsच्या कडून VARINDIA| 19 दृश्ये
World is supporting India’s fight against terror but a few parties suspect our fight against terror.
Sadly, a few parties, guided by Modi hatred have started hating India. No wonder, while the entire nation supports our armed forces, they suspect the armed forces.
The world is supporting India’s fight against terror but a few parties suspect our fight against terror: PM Modi
Subscribe Now - http://bit.ly/2ofH4S4 Stay Updated!
Facebook - http://facebook.com/BJP4India
Twitter - http://twitter.com/BJP4India
Instagram - http://instagram.com/bjp4india
Linkedin- https://www.linkedin.com/company/bharatiya-janata-party/
Watch World is supporting India’s fight against terror but a few parties suspect our fight against terror. With HD Qualityच्या कडून Bharatiya Janata Party Delhi| 6035 दृश्ये
NITES alleges Amazon India layoffs as unjustified #shorts
NITES alleges Amazon India layoffs as unjustified #shortsच्या कडून VARINDIA| 31 दृश्ये
KAMCO Bank Employees Pass Resolution, Condemn Employees’ Action Against Bank Management
Kashmir Crown an initiative for good journalism in the state of Jammu and Kashmir.Watch KAMCO Bank Employees Pass Resolution, Condemn Employees’ Action Against Bank Management With HD Quality
च्या कडून KASHMIR CROWN| 1216 दृश्ये
GHMC EMPLOYEES UNION PROTEST AGAINST TELANGANA GOVT TO PERMANENT OUT SOURCE EMPLOYEES
GHMC EMPLOYEES UNION PROTEST AGAINST TELANGANA GOVT TO PERMANENT OUT SOURCE EMPLOYEES
GHMC EMPLOYEES UNION PROTEST AGAINST TELANGANA GOVT TO PERMANENT OUT SOURCE EMPLOYEESच्या कडून TV11 LIVE| 64532 दृश्ये
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 antiच्या कडून VARINDIA| 35 दृश्ये
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.
Expertsच्या कडून VARINDIA| 51 दृश्ये
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 applच्या कडून VARINDIA| 15 दृश्ये
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