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ShareChat sheds jobs, shuts down fantasy sports app months after raising mega growth funding round

ShareChat sheds jobs, shuts down fantasy sports app months after mega fundraise

Dec 02, 2022

The Bengaluru-based company employs over 2200 people across verticals, meaning the layoffs have affected well over 100 employees.

While the number of employees that were let go has not been disclosed, it is understood that the cuts targeted several areas of the company. (Image: Reuters)

CNN layoffs: Hundreds impacted as CNN lays off employees; ends live programming on HLN

Dec 02, 2022

“The changes we are making today are necessary and will make us stronger and better positioned to place big bets going forward without fear of failure,” the company’s chief executive Chris Licht wrote in his memo.

Over 10 million jobs to be available in next 2 years in electronics and telecom: Minister Ashwini Vaishnaw

Over 10 million jobs to be available in next 2 years in electronics and telecom: Minister Ashwini Vaishnaw

Nov 30, 2022

He stated that the electronics sector alone could create additional 2.5 - 3 million jobs and the BPO sector could make available 8 million jobs in the coming two years. This will be a substantial addition to the existing level of employment.

Fashion retailer H&M to cut 1,500 jobs in cost-saving drive (Photo: Reuters)

Fashion retailer H&M to cut 1,500 jobs in cost-saving drive

Nov 30, 2022

The Swedish company, which employs roughly 155,000 people, had launched a plan to save 2 billion Swedish crowns per year in September.

Dailyhunt parent lays off 150 employees; announces pay cuts for those earning over Rs 10 lakh per year

Dailyhunt parent lays off 150 employees; announces pay cuts for those earning over Rs 10 lakh per annum

Nov 28, 2022

Vernacular news and content aggregator network VerSe innovation, which was valued at $5 billion in April, is laying off 5 per cent of its workforce, amidst the ongoing start-up funding winter.

Representative image

India decoupled from global recession, best of employment yet to come: Quess Corp founder

Nov 23, 2022

Quess Corp’s Ajit Isaac says the tech sector is likely to experience pain for another 6 months

PM Modi releases 71,000 job-offer letters to freshers under Rozgar Mela

PM Modi releases 71,000 job-offer letters to freshers under Rozgar Mela

Nov 22, 2022

The physical copies of the appointment letters to the new appointees will be handed over at 45 locations across the country (except Gujarat and Himachal Pradesh).

Of the total 16.82 lakh members added during the month, around 9.34 lakh new members have come under the coverage of EPFO for the first time, the data showed.

EPFO adds 16.82 lakh net subscribers in September: Govt

Nov 20, 2022

Year-on-year comparison of payroll data reflects a 9.14 per cent increase in net membership addition in September, 2022 compared to the corresponding month during last year in 2021, labour ministry said.

According to TeamLease Digital, the gaming industry is expected to hit Rs 38,097 crore by 2026

Gaming industry to add 1 lakh new jobs by FY23; producers, developers among highest paid

Nov 18, 2022

The industry will also add jobs across domains like programming and other roles such as content writers, gaming journalists, and web analysts over the next year. 

Of the 1,400 members, the majority will be faculty, trainers, and experts, followed by sales and marketing, content, delivery, and learning experience, the company said.

Edtech company upGrad looks to hire 1,400 people by March 2023, eyes offline expansion

Nov 17, 2022

The edtech platform said that it has signed up new leases in the last few months for 3,35,000 sq. ft to be utilised for office spaces, offline campuses, housing for learners, studios, and training rooms for a growing roster of teachers and faculty.

The commission has vacancies for 200 Junior Engineers. Of these, 68 are reserved for women.

New jobs for engineering graduates! TPSC releases notification for 200 posts; check details

Nov 16, 2022

The application process will start on November 26 and will continue till December 26. Interested candidates can apply through the official site of the commission - tpsc.tripura.gov.in

The Guwahati campus has witnessed an increase in the hiring trend for technical roles with more companies giving offers through internships.

IIT-Guwahati sees spike in pre-placement offers, highest package at Rs 1.20 crore

Nov 14, 2022

The Guwahati campus has witnessed an increase in the hiring trend for technical roles with more companies giving pre-placement offers through internships. This year the Institute has received the highest Pre-Placement Offer of Rs. 1.20 crore against Rs 56 Lakh offers from last year.

Last week, Amazon said it would freeze hiring to the corporate workforce for the next few months due to an "unusual macro-economic environment". 

Amazon employees told to find jobs elsewhere amid cost cutting

Nov 11, 2022

Amazon is closely evaluating its Alexa business and is currently considering whether it should focus on trying to add new capabilities to the voice assistant, which is available on a variety of Amazon devices, the report added.

This comes as the world of work sees new terms such as the Great Resignation, Quite Quitting enter the lexicon after the pandemic.  

Young and tired: If you’re GenZ, you are probably the most burnt out and likeliest to resign!  

Nov 09, 2022

The youngest people at work are the most burnt out and are at a higher risk of resigning, shows new Slack study.

Meta's head of human resources, Lori Goler, said employees who lose their jobs will be provided with at least four months of salary as severance

Mark Zuckerberg-led Meta to begin layoffs from today; those impacted to get four months salary

Nov 09, 2022

Zuckerberg appeared downcast in Tuesday's meeting and said he was accountable for the company's missteps and his overoptimism about growth had led to overstaffing.

Microsoft Corp laid off under 1,000 employees across several divisions this week, Axios reported, citing a source.

Meta, Citigroup, Morgan Stanley, other corporate giants lean on job cuts as recession fears mount

Nov 09, 2022

Job cuts announced by US-based employers jumped 13% to 33,843 in October, the highest since February 2021, a report said.

In 9 of the 11 functional areas, the volume of job postings decreased in October.

Telecom, automation sectors witness record hiring amid global slowdown: Survey 

Nov 08, 2022

The rollout of 5G services has also resulted in a significant increase (+9 per cent) in the Telecom sector. Several telecom market players are expanding their digital footprints and looking for tech talent with specialised knowledge.

Hiring intent for Q3 picks up among many sectors

Hiring spree! 73% of employers in services sector intend to expand workforce

Nov 03, 2022

Demand saw an uptick after the pandemic with large firms (79 per cent), medium-sized firms (45 per cent) and small firms (57 per cent) mustering a strong hiring intent.

Morgan Stanley to start layoffs in coming weeks as dealmaking slows (Photo: Reuters)

Morgan Stanley to start layoffs in coming weeks as dealmaking slows

Nov 03, 2022

In Asia Pacific, the bank has drafted up a list of staff members considered redundant, who will mainly come from teams that focus on China-related business, two of the sources said. All declined to be named as the information is confidential.

Twitter's new owner will inform the staff affected on Friday, according to the report.

Elon Musk plans to cut half of Twitter jobs: Report

Nov 03, 2022

Musk, in a tweet, had denied a New York Times report that said he was planning to lay off Twitter employees before Nov. 1 to avoid stock grants due on the day. 

Roles such as business development, telemarketing and sales also witnessed a growing demand with metro cities like Delhi-NCR, Mumbai and Bengaluru leading the demand.

Around 4000 jobs posted this festive season in India, latest study finds

Oct 31, 2022

Job roles such as business development, telemarketing and sales also witnessed a growing demand with metro cities like Delhi-NCR, Mumbai and Bengaluru leading the demand, apna.com revealed.