JPMorgan Chase begins layoffs in 2025; Meta to cut jobs while expanding AI hiring
Feb 13, 2025, at 10:00 pm
New York: JPMorgan Chase has begun notifying employees of job cuts as part of its planned downsizing throughout 2025, according to reports.
Infosys lays off 350 Mysore campus employees after two-and-a-half-year wait for onboarding
Feb 07, 2025, at 07:51 pm
Bengaluru: Infosys has laid off around 350 employees who were onboarded in October, following a prolonged wait of over two-and-a-half years after receiving their offer letters, according to sources familiar with the matter, Business Standard reported.
Musk addresses claims of job loss, cites shortage of top engineering talent in tech
Dec 27, 2024, at 06:07 pm
Elon Musk has weighed in on the debate about whether foreign-born workers in the US are displacing qualified native-born Americans, pushing back against claims of job "theft" by foreign talent.
West Bengal lost 3 million jobs in unorganised sector over 7 years, NSO data reveals
Jul 12, 2024, at 10:21 pm
Kolkata: West Bengal witnessed loss of as many as 3 million jobs from 2015-16 to 2022-23, while Maharashtra gained 2.4 million workers in unincorporated enterprises, making them the worst- and best-performing states, respectively, media reported, citing government data.
Google CEO Sundar Pichai updates employees on layoffs
May 11, 2024, at 05:00 am
Google CEO Sundar Pichai has said that the majority of the layoffs in the company would happen in the first six months of 2024, during an all-hands meeting, media reported.
The Body Shop collapses into administration in UK, puts over 2000 jobs at risk
Feb 14, 2024, at 04:03 pm
Cosmetic chain The Body Shop has collapsed into administration in the UK, leaving more than 2,200 jobs at risk.
Key economic report shows 14 million jobs worldwide will vanish in the next 5 years
May 01, 2023, at 12:56 pm
Geneva: The Future of Jobs Report 2023 suggests that almost a quarter of jobs (23%) are expected to change in the next five years through growth of 10.2% and decline of 12.3%.
COVID-19 pandemic to hit hard 220 mln young workers in Asia-Pacific: ADB
Aug 18, 2020, at 10:11 pm
Manila/Xinhua: The COVID-19 pandemic will hit hard nearly 220 million young workers aged 15 to 24 in Asia-Pacific region, according to a report released by the Asian Development Bank (ADB) on Tuesday.
COVID-19: impact could see 195 million job losses, says ILO chief
Apr 09, 2020, at 12:10 pm
New York/IBNS: The rapidly intensifying economic effects of COVID-19 on the world of work are proving to be far worse than the 2008-9 financial crisis, with cutbacks equivalent to nearly 200 million full-time workers expected in the next three months alone, the UN labour agency said.
25 million jobs at risk with airline shutdown: International Air Transport Association
Apr 08, 2020, at 10:22 am
Geneva/IBNS: The International Air Transport Association has released new analysis showing that some 25 million jobs are at risk of disappearing with plummeting demand for air travel amid the COVID-19 crisis.
Almost 25 million jobs could be lost worldwide as a result of COVID-19, says ILO
Mar 19, 2020, at 01:22 pm
New York/IBNS: The economic and labour crisis created by the COVID-19 pandemic could increase global unemployment by almost 25 million, according to a new assessment by the International Labour Organization (ILO).
Mar 19, 2020, at 01:01 pm
New York/IBNS: As dire forecasts about the global economy add to the anxiety surrounding the COVID-19 pandemic, the UN’s labour agency (ILO) on Thursday offered a range of urgent measures, which, if governments act quickly, can help to protect workers in the workplace, stimulate the economy and save millions of jobs.
Devise back up minimum income schemes for those losing jobs due to automation: ASSOCHAM-PwC Paper
Apr 30, 2017, at 11:22 pm
New Delhi, Apr 30 (IBNS): With the Indian IT and other industries facing some of the daunting challenges from protectionism in the US and Artificial Intelligence (AI), an ASSOCHAM-PwC study has made out a strong case for government –industry schemes which ensure a minimum income to those displaced , along with basic health facilities for the families in stress.