Edition 1: Weekly Industry News and Trends
July 23, 2024
Welcome to the inaugural edition of Weekly Industry News and Trends. We are excited to launch this newsletter to provide HR leaders with curated global news, with a special focus on India, to keep you informed about the latest market trends and developments. Our aim is to deliver concise, insightful updates every Tuesday, complete with links to the original sources for deeper exploration.
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01. Company/ Hiring News:
Covers company-specific news and major hiring news -
Intuit to lay off 1,800 employees, labels 1,050 as ‘underperformers’ READ MORE
TCS has 80,000 Job Openings for Highly ‘Unskilled’, Underpaid Folks READ MORE
HCLTech's headcount falls by 8,080 in Q1, plans to hire 10,000 freshers in FY25 READ MORE
TCS on-boards 11,000 trainees in Q1FY25, resolves all delayed hiring backlogs READ MORE
TCS ’ 70% employees return to office after attendance-linked variable pay policy: Report READ MORE
02. Industry News
Covers industry-specific news and major announcements -
India to become global player in semiconductor industry: IT secretary READ MORE
1.14 lakh startups generate more than 12 lakh jobs in India: Finance ministry READ MORE
Karnataka releases draft gig workers Bill READ MORE
‘India has a High Appetite for Generative AI,’ says AWS’s Chief Medical Officer READ MORE
Indian Govt considers increasing monthly wage ceiling for EPFO and ESIC to Rupees 25,000 READ MORE
India's tech sector needs 1 MN high-tech engineers as economy expands READ MORE
IT hiring slump: Indian IT firms experience drop in average training hours READ MORE
Karnataka set to be the first state to come up with GCC policy by August READ MORE
Impact of GCC boom; Infosys staffers cling to WFH in FY24 READ MORE
GCC, startups emerge as major job creators in India in past five years READ MORE
Salaries of IIT Graduates Take a Hit in 2024 Amid Hiring Slowdown READ MORE
Mid-career roles are seeing a boom in hiring in these sectors READ MORE
EPFO notifies policy for hiring retired employees on contract basis READ MORE
Telecom hiring may lose steam in FY25 READ MORE
03. Expansions and M&A
Covers company expansions and M&A news -
Hexaware Technologies planning to hire 4,000 employees in India this year READ MORE
Infosys to recruit 5K for its new Kolkata campus soon READ MORE
DeepHealth expands operations in India with new office in Bengaluru READ MORE
Apple to establish major presence in Bengaluru with new office tower lease READ MORE
Hexaware Technologies sets up new office in Coimbatore to focus on data, testing skills READ MORE
Bosch leases 691k sq. ft. office space in Bengaluru for expansion READ MORE
Google leases new office space in Bengaluru with a monthly rent of over Rupees 4 crore: Report READ MORE
Alphabet Inc. Backs Out of HubSpot Acquisition Talks READ MORE
Accenture Completes Acquisition of ARHS Group READ MORE
L&T expands semiconductor business through INR 183 Cr SiliConch Systems acquisition READ MORE
Kraft Heinz India GCC to increase headcount to 2000 by year’s end READ MORE
AstraZeneca to invest Rupees 250 crore on expansion of its GCC in India READ MORE
Instafinity Announces India Expansion with New Leadership and Hyderabad Hiring Drive READ MORE
04. Diversity Initiatives
Covers company DEI initiatives and recent developments -
India sees 33% surge in diversity hiring, BFSI & IT sectors lead READ MORE
Diversity initiatives are bringing more women to certain roles: Survey READ MORE
Big -Tech Companies’ Push for Gender Sensitization READ MORE
05. Leadership Highlight
Covers leadership movements and hires -
Rishi Raj Gupta resigns as HR Head - India & HR Director - APAC, Meta READ MORE
Chief HR officer roles in India Inc see highest churn READ MORE
06. Jobs Market Trend - India
Covers growth trend of vanilla skills (based on job demand trend) -
Data Science: 71% growth in headcount in past one year
Software Engineer: 25% growth in headcount in past one year
Data/ Business Analyst: 66% growth in headcount in past one year
Project Manager: 1% growth in headcount in past one year
Human Resource: 3% growth in headcount in past one year
The news/ content presented in this newsletter is curated from various external sources. We do not claim ownership of the news articles or express any opinions on the information provided. This newsletter aims to keep HR leaders and professionals informed about current industry developments on a weekly basis. All external content remains the property of the respective authors and publishers. Any views or opinions expressed in the external articles are those of the authors and do not necessarily reflect our views. We are not responsible for the accuracy, completeness, or reliability of any information contained in the articles shared.