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Sensex Slides Over 2,400 Points As Jobs Data Sparks Recession Fears In US
Indian markets experienced one of the worst falls today following the global bloodbath with both the Nifty and Sensex registering high losses during the opening trade.
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'Dry Promotion': All About New Job Trend That Is Worrying Employees
The ever-evolving landscape of the global job market has seen several trends over the decades. From work from home to shared working space, the list is endless. Now, we have a new phenomenon that is quietly gaining prominence - "dry promotion".
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Sony to Cut 900 Jobs at PlayStation, Shut London Studio; Naughty Dog, Insomniac Hit With Layoffs
Japan's Sony is cutting about 900 jobs at its PlayStation unit and shutting a studio in London, it said on Tuesday as the videogame industry struggles to recover from a post-pandemic slump.
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Qualcomm Predicts Q4 Sales Below Market Estimates Due to Macroeconomic Headwinds, Weaker Global Handset Units
Qualcomm has predicted that its fourth-quarter sales would fall below market estimates, as the California-based chipmaker deals with slowing global economic growth and consumer spending on smartphones remained weak. The firm also said that its forecast for the remainder of 2023 assumes no "material revenue" from Chinese smartphone maker Huawei.
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‘Not a Given That AI Will Only Have a Positive Impact’: After AI Boom, Investors Wary of Possible Risks
The rapid adoption of generative artificial intelligence has boosted markets this year, but after the initial euphoria, investors are waking up to the possible risks, including the need to be highly selective in stock-picking.
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OpenAI CEO Sam Altman Says AI Won't Destroy Job Market, Seeks to Calm Fears of AI Growth on Global Tour
OpenAI CEO Sam Altman has sought to calm fears that advancing AI will destroy the job market and said that AI would not wipe out whole sectors of the workforce by using automation to replace human-performed tasks.
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Alibaba Hiring 15,000 People, Pushes Back On Job Cut Reports
Alibaba Group Holding Ltd. said it plans to hire 15,000 people this year, pushing back on reports that the Chinese tech firm is laying off employees.
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UBS Merger With Credit Suisse Raises Job Fears In Switzerland
Among the many concerns over the new megabank created by the merger of UBS and the beleagured Credit Suisse is how it will affect jobs and competition in Switzerland's banking sector.
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Car Repair Start-Up GoMechanic Acquired By Lifelong Group-Led Consortium
GoMechanic was acquired by a consortium led by car parts manufacturer Lifelong Group today ending months of uncertainty after the beleaguered car servicing startup announced job cuts and an independent review into its finances.
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Global Jobs Growth To Halve In 2023, Inflation To Eat Into Real Wages: UN Body
The number of unemployed people in the world is expected to rise by 3 million to 208 million in 2023, while inflation will eat into real wages, the ILO said in a report on global trends.
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Demand For Rural Job Programme Is Falling: Finance Minister
"In rural areas, the demand for MGNREGA in the recent past is coming down," said Nirmala Sitharaman, referring to the Mahatma Gandhi National Rural Employment Guarantee Act.
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Kraken Crypto Exchange to Cut Global Workforce by 30 Percent Amid Crypto Winter
Kraken crypto exchange said it will lay off 1,110 employees, or 30 percent of its global workforce on Wednesday. The crypto exchange has cited difficult market conditions as the reason for reducing the number of its employees. Kraken follows crypto exchange Coinbase Global, which slashed jobs in its recruiting and institutional onboarding teams in ...
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What Layoffs? Singapore Still Hiring Tech Talent Despite Job Cuts By Global Heavyweights
Despite mass layoffs at tech firms, professionals are nonetheless still in demand as companies of all stripes look to develop digital capabilities.
-
Tech Job Market In India May Get A Boost Amid Layoff In US
Large-scale layoffs in the US may have spooked techies in India. But the global downturn is likely to boost the domestic job market and trained talents are likely to find many takers, IT industry experts have said.
-
Twitter Starts Mass Layoffs In India, Entire Marketing Team Fired: Sources
The firings are part of a global job cut ordered by the social media platform's new owner Elon Musk "to attain economies of scale" and make the $44 billion acquisition viable, sources said.
-
Sensex Slides Over 2,400 Points As Jobs Data Sparks Recession Fears In US
Indian markets experienced one of the worst falls today following the global bloodbath with both the Nifty and Sensex registering high losses during the opening trade.
-
'Dry Promotion': All About New Job Trend That Is Worrying Employees
The ever-evolving landscape of the global job market has seen several trends over the decades. From work from home to shared working space, the list is endless. Now, we have a new phenomenon that is quietly gaining prominence - "dry promotion".
-
Sony to Cut 900 Jobs at PlayStation, Shut London Studio; Naughty Dog, Insomniac Hit With Layoffs
Japan's Sony is cutting about 900 jobs at its PlayStation unit and shutting a studio in London, it said on Tuesday as the videogame industry struggles to recover from a post-pandemic slump.
-
Qualcomm Predicts Q4 Sales Below Market Estimates Due to Macroeconomic Headwinds, Weaker Global Handset Units
Qualcomm has predicted that its fourth-quarter sales would fall below market estimates, as the California-based chipmaker deals with slowing global economic growth and consumer spending on smartphones remained weak. The firm also said that its forecast for the remainder of 2023 assumes no "material revenue" from Chinese smartphone maker Huawei.
-
‘Not a Given That AI Will Only Have a Positive Impact’: After AI Boom, Investors Wary of Possible Risks
The rapid adoption of generative artificial intelligence has boosted markets this year, but after the initial euphoria, investors are waking up to the possible risks, including the need to be highly selective in stock-picking.
-
OpenAI CEO Sam Altman Says AI Won't Destroy Job Market, Seeks to Calm Fears of AI Growth on Global Tour
OpenAI CEO Sam Altman has sought to calm fears that advancing AI will destroy the job market and said that AI would not wipe out whole sectors of the workforce by using automation to replace human-performed tasks.
-
Alibaba Hiring 15,000 People, Pushes Back On Job Cut Reports
Alibaba Group Holding Ltd. said it plans to hire 15,000 people this year, pushing back on reports that the Chinese tech firm is laying off employees.
-
UBS Merger With Credit Suisse Raises Job Fears In Switzerland
Among the many concerns over the new megabank created by the merger of UBS and the beleagured Credit Suisse is how it will affect jobs and competition in Switzerland's banking sector.
-
Car Repair Start-Up GoMechanic Acquired By Lifelong Group-Led Consortium
GoMechanic was acquired by a consortium led by car parts manufacturer Lifelong Group today ending months of uncertainty after the beleaguered car servicing startup announced job cuts and an independent review into its finances.
-
Global Jobs Growth To Halve In 2023, Inflation To Eat Into Real Wages: UN Body
The number of unemployed people in the world is expected to rise by 3 million to 208 million in 2023, while inflation will eat into real wages, the ILO said in a report on global trends.
-
Demand For Rural Job Programme Is Falling: Finance Minister
"In rural areas, the demand for MGNREGA in the recent past is coming down," said Nirmala Sitharaman, referring to the Mahatma Gandhi National Rural Employment Guarantee Act.
-
Kraken Crypto Exchange to Cut Global Workforce by 30 Percent Amid Crypto Winter
Kraken crypto exchange said it will lay off 1,110 employees, or 30 percent of its global workforce on Wednesday. The crypto exchange has cited difficult market conditions as the reason for reducing the number of its employees. Kraken follows crypto exchange Coinbase Global, which slashed jobs in its recruiting and institutional onboarding teams in ...
-
What Layoffs? Singapore Still Hiring Tech Talent Despite Job Cuts By Global Heavyweights
Despite mass layoffs at tech firms, professionals are nonetheless still in demand as companies of all stripes look to develop digital capabilities.
-
Tech Job Market In India May Get A Boost Amid Layoff In US
Large-scale layoffs in the US may have spooked techies in India. But the global downturn is likely to boost the domestic job market and trained talents are likely to find many takers, IT industry experts have said.
-
Twitter Starts Mass Layoffs In India, Entire Marketing Team Fired: Sources
The firings are part of a global job cut ordered by the social media platform's new owner Elon Musk "to attain economies of scale" and make the $44 billion acquisition viable, sources said.
