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job losses News
'Jaitley should contain fiscal deficit in Budget 2018-19'
Sun, Jan 21, 2018
The government is aiming to contain fiscal deficit for the current fiscal at 3.2 per cent of GDP
Pay hikes may get fatter next year after trimming of jobs in 2017
Sun, Dec 10, 2017
India Inc is promising better pay hikes of 10-15 per cent for the right talent in 2018 after a challenging year for the job market, stunned by post- demonetisation layoffs in traditional sectors like textiles and due to the advent of artificial intelligence in new-age ones.
Counterfeit, piracy will result in 4.2 - 5.4 million job losses globally by 2022: Report
Thu, Oct 12, 2017
It is estimated that the total economic and social costs globally due to counterfeiting and piracy worldwide stood at $737-$898 billion in 2013.
General Motors' dealerships, employees to hold protest in Delhi tomorrow
Mon, Jun 26, 2017
GM dealers and their employees will protest as a result of the huge losses and job losses to them as a result of the company's decision to exit the Indian market announced last month.
Modi's new India vision to help US job creation, says Trump's press secretary Sean Spicer
Tue, Jun 13, 2017
The White House press secretary created a spin on Indians losing jobs in the US due to stingent visa restrictions by saying that PM Modi was helping to create jobs in the US.
Cisco Systems to further lay off 1,100 employees
Thu, May 18, 2017
The technology company had earlier announced the restructuring plan in August 2016 to reinvest in "key priority areas" and part of it was to lay off up to 5,500 employees, or 7 per cent its workforce, Xinhua reported on Thursday.
Not correct to assume IT industry going for big job cuts: Govt
Tue, May 16, 2017
IT Secretary Aruna Sundararajan said there could be some cases were contracts are not renewed as part of the regular annual appraisal cycle.
Junior-level IT jobs in India are disappearing at a fast clip
Tue, Mar 28, 2017
According to experts from recruitment agencies, the demand for Indian IT professionals is predicted to grow in future despite hit in business from the USA, change in US immigration policies and automation, among others.
India's manufacturing PMI in February grows but more jobs lost
Wed, Mar 01, 2017
Indeed, the vast majority of survey participants signalled unchanged payroll numbers. Evidence provided by panellists indicated that current staffing levels were sufficient to cope with existing production requirements, Nikkei said.
Demonetisation idea itself is wrong, don't blame execution, says Rajiv Bajaj
Fri, Feb 17, 2017
Bajaj Auto's MD Rajiv Bajaj has recently said that the government's deomonetisation idea itself is wrong and its execution should not be blamed.
GST won't lead to job losses at tax department, assures FM Arun Jaitley
Fri, Jan 27, 2017
Ahead of the rollout of GST, Finance Minister Arun Jaitley on Friday sought to address concerns of job loss from reduced work of tax officials, saying they should have no insecurity as enough work and opportunities will be available to them in the new indirect tax regime.
Indians line up at banks to deposit savings or see them disappear on last day of exchange on December 30
Sat, Dec 31, 2016
Indians lined up outside banks across the country on Friday, the last day for them to deposit their savings or see them become worthless after large denomination notes were scrapped in a bid to fight corruption.
British jobless rate holds at 4.9% despite Brexit
Wed, Oct 19, 2016
"We suspect both the economy and the labour market will be increasingly pressurized by mounting uncertainties over the coming months -- particularly once the government triggers Article 50," said IHS Markit economist Howard Archer.
India to lose 7 million jobs by 2050: Study
Sun, Oct 16, 2016
Farmers, petty retail vendors, contract labourers and construction workers are the most vulnerable sections facing never before livelihood threats in India today.
Automation threatens 69% jobs in India, says World Bank's Jim Yong Kim
Wed, Oct 05, 2016
Automation threatens 69% of the jobs in India and 77% in China, according to a World Bank research which says technology could "fundamentally disrupt" the pattern of traditional economic path in developing countries.
Networking titan Cisco cuts 5,500 jobs as profit climbs
Thu, Aug 18, 2016
The corporate restructuring aims to cut expenses in "lower growth areas" and shift the money into Cisco priorities such as security, cloud computing, data centers, and the internet of things, according to Robbins.
No job losses post RBS contract loss; To redeploy 3,000 employees on other projects: Infosys
Wed, Aug 17, 2016
India's second largest software services firm Infosys on Wednesday said there are no job losses and will redeploy 3,000 employees who will be affected by RBS decision to scrap the UK project of setting up a new bank.