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Article on July 19, 2022
229 Employees From Tesla' Autopilot Team Fired
The workers who were fired were mostly low-skilled and had low-wage jobs, such as Autopilot data labelling, which involves determining if Tesla’s algorithm identified an object well or poorly.
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Sundar Pichai’s Email To Staff On Plans To Slow Hiring After Adding 10,000 Employees In Q2
Alphabet Inc.’s Google plans to slow hiring for the remainder of the year in the face of a potential economic recession, Chief Executive Officer Sundar Pichai said Tuesday in an email to staff.
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13% Of Global Layoffs Since April 2022 Were By Indian Startups, Says Report
-Edtech sector has seen the greatest number of firings in the first quarter of the fiscal year 2022-23 yet -5,670 people had to lose their jobs amongst Indian startups -342 companies laid off their employees since April 1 and 43,399 people were shown the door
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IT Biggies Spent 62% Of Revenues On wages in FY22
-Indian IT companies saw their revenues double in the last five years. -Top companies like TCS, Infosys and Wipro have been consistent, while the smaller ones have paid more salaries to retain or attract talent. -TCS, Infosys, Wipro and other Indian IT companies have paid nearly ₹12 lakh crore as salaries in the last five years
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76% Graduates Found Unemployable For Early-Stage Finance Roles
‘Finance & Accounting Competency Test’ by Masters’ Union’s brings to light skill gaps that affect freshers’ employability in the finance domain
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PayU Unveils Employee Value Proposition With Entrepreneurship, Collaboration & Innovation
~The company's new EVP, a critical milestone in its growth story, promises exciting career and growth opportunities for current and future employees ~
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KFC Elevates Samir Menon To MD For MENAPakT & India
Also, Moksh Chopra has been elevated to General Manager, India
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Large Enterprises & MNCs Now Join Hirect India Amid On-Going Recession
· Wipro, No broker, BYJU'S, Aditya Birla, Reliance etc. hiring on Hirect · Onboarded over 1,300 large enterprises and MNCs, with over 100 profiles and over 5,000 job opening
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