68 per cent of employees have experienced undue pressure from management, often citing AI and technology as benchmarks for performance, leading to workplace tension.
As large-scale layoffs begin at Facebook's parent company Meta, employees on work visas such as H-1Bs are now faced with uncertainty over their immigration status, with CEO Mark Zuckerberg acknowledging "this is especially difficult if you're here on a visa" and offering support to those impacted. Meta announced that it is laying off 11,000 employees or 13 per cent of its workforce, with Zuckerberg describing it as "some of the most difficult changes we've made in Meta's history." US-based technology companies hire a large amount of H-1B workers, the majority of whom come from countries such as India.
Begin by creating a household budget. Involve all family members in the exercise and cut costs wherever possible.
While expressing his gratitude and love for every individual who has ever worked for Twitter, he added that he did not anticipate that sentiment to ever be reciprocated.
US media reports that Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, could be the latest technology giant to downsize its workforce have triggered trepidation among its 300-400 employees in India, according to people familiar with the matter. "We have not heard much about the impact (of downsizing) on India. "It's a wait-and-watch situation. Certainly, there is uncertainty," said a source.
Ishan Kishan struck nine sixes during a scintillating 23-ball unbeaten 77-run knock as Jharkhand recorded a thumping 10-wicket win over Arunachal Pradesh
With the Maharashtra assembly polls underway on Wednesday, the young voters and first time electors in Nagpur appreciated the infrastructure development here, but raised concern over lack of job avenues and inflation.
The 34-year-old Shami, who last played for India in the ODI World Cup final in November 2023, was forced into the long layoff due to an ankle injury that needed surgery.
A round-up of Wednesday's UEFA Champions League last-16 first leg matches.
Eden Gardens will host the first game of the five match T20I series between India and England on Wednesday.
Mark Zuckerberg, founder and CEO of Meta, summed it up well as he explained the reason for the company sacking 13 per cent of its employees. He said no one predicted that the boom for digital services during the Covid pandemic would die out. "Many people predicted this would be a permanent acceleration that would continue even after the pandemic ended.
Former India captain Sourav Ganguly has backed Virat Kohli and Rohit Sharma to bounce back in the Champions Trophy, expressing confidence in their ability to lead India to success.
Divya Nair/Rediff.com speaks to students and experts to find out whether it is better to study management in India or try for an international MBA.
At 29, Chanu faced an uphill battle against an injury-ravaged body, sub-optimal preparation, and an intensely competitive field.
England skipper Jos Buttler hammered a superb 83 off 45 balls to steer his side to a seven-wicket victory in the second Twenty20 international against West Indies.
Coco Gauff beat defending champion Iga Swiatek 6-3 6-4 at the WTA Finals in Riyadh on Tuesday to reach the semi-finals and ensure Aryna Sabalenka would finish the year as world number one.
Workplaces of 2025 will be defined by a deep focus on people-first values, inclusivity, and sustainable growth, foresees Sonica Aron, founder of Marching Sheep.
Mystery spinner Varun Chakravarthy termed his comeback into the India side after three long years as a "rebirth" and "emotional moment" even as he thanked legendary R Ashwin for helping him grow in confidence during last edition of Tamil Nadu Premier League.
'In the second half of 2024, about 60% of startup jobs will be taken by entry-level candidates with 0-3 years of experience.'
After startups and Big Tech, the layoff season may have begun at the $245 billion Indian information-technology (IT) industry. Bengaluru-based IT major Wipro is looking to cut hundreds of jobs, targeting mid-level employees working onsite as the company looks to improve margins, according to a media report, citing two sources. The company has said it is aligning its business and talent to the changing market environment.
Tai, who has played with both knees in braces in Paris, had previously opened up about an issue with her left knee.
Citing people with knowledge of the situation, the report said that some managers were being asked to "draw up lists of employees to cut."
Sabita Samuel, Vice President (HR), Dun & Bradstreet Technologies & Data Services tells you what you must do after you've received the pink slip.
Professional football has been wiped off the map for weeks, maybe months, after all the major leagues, cups and international competitions were suspended, culminating in the postponement of Euro 2020 and Copa America on Tuesday.
Assume the worst regarding how long your unemployment could last and make conserving cash your topmost priority, suggests Sanjay Kumar Singh.
The win leaves United in 15th place in the Europa League standings on six points from four games.
Rafael Nadal has decided not to participate in the US Open due to concerns about his fitness
Layoffs are just an event in life, not life itself. Life's canvas is very large; fill it with wonderful new colours; colours of your choice.
The good news is that salary hikes are expected, though it is uncertain when they will be implemented.
On a cloudy Monday this month, Mohammed Irshad flew from Kochi to Gurugram to attend an exclusive investor networking event. Among a handful of founders selected for the event, Irshad was to pitch his peer-to-peer learning start-up Notespaedia for funding in front of top venture capital investors such as AngelBay, Elevation Capital, and Inflection Point Ventures. He failed to woo them, but the feisty entrepreneur was determined to continue his hunt.
For months, the 2024 Ballon d'Or seemed to have a clear front-runner, with everyone anticipating the coronation of Vinícius Júnior as the new king of football.
Tell yourself clearly that if you have to be in the IT industry, you will have to do coding and testing; else you will be out of the industry. It will take some time, but you can adjust. It is a mind game. You have to play with your mind.
'If I'm bowling well, it transfers to my batting and vice versa.'
Edtech firm Unacademy has laid off 250 people across verticals, according to people familiar with the matter, reducing its employee strength by 50 per cent from what it was two years ago. Of those, 100 are from core functions such as marketing, business, and product, while the rest are from sales.
The main reasons layoffs and their alternatives are done poorly, according to Sullivan: They're left in the hands of employees and human resources professionals.
Rishabh Pant is currently recovering after undergoing treatment for his injuries.
'Once I got my first wicket, that built up my confidence. Fortunately, I was able to take six wickets.'
Unacademy is conducting another round of job cuts and laying off 350 employees or 10 per cent of its workforce of 3,500, as the SoftBank-backed edtech firm targets profitability and reduces costs, according to an internal note sent by Gaurav Munjal, co-founder and CEO of Unacademy group, to the staff. Munjal said the restructuring exercise would affect about 10 per cent of employees across the group. "I am deeply saddened to share that we will have to say goodbye to some of our extremely talented Unacademy employees," said Munjal in the letter addressed to employees and reviewed by Business Standard.
Edtech unicorn Vedantu has laid off 385 employees, nearly 11.6 per cent of the company workforce, according to sources. This move is being seen as part of a drive in the edtech sector towards profitability via cost-savings and consolidation, as funds dry up, they said. The Bengaluru-based firm has laid off over 1,100 employees (both full-time and contractual), so far, this year.
Two professionals -- from aviation and jewellery industry -- share their stories and lessons they learned from the pink slips they got.
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