Edition 11: Weekly Industry News and Trends
October 1, 2024
Welcome to the eleventh edition of Weekly Industry News and Trends. We are excited to present 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 -
physics wallah to hire 1,000 by March 2025 READ MORE
Sellergize WTS Pvt. Ltd. hiring boom: Doubling workforce to keep pace with AI-driven growth READ MORE
Tata Electronics , PSMC sign pact for ₹ 91,000 crore chip manufacturing unit READ MORE
Vodafone Idea Limited signs $3.6 billion network equipment deal with Nokia , Ericsson , and Samsung Electronics in India READ MORE
Animation giant DNEG looking to hire 300 hands to expand India operations READ MORE
Decathlon Sports India unveils €100 million investment plans in the next five years READ MORE
Princeton Digital Group to invest $1 billion in India for AI-ready data centers in Mumbai and Chennai READ MORE
Mondelēz International partners with Accenture to boost AI-powered marketing READ MORE
Cisco inaugurates manufacturing facility in Chennai; to create 1,200 jobs READ MORE
Dell Technologies mandates in-office work for global sales team after laying off over 12,000 employees READ MORE
Tata Electronics to hire 20K more employees at Hosur unit READ MORE
Adani Group likely to accelerate $4 billion data center expansion plan READ MORE
02. Industry News
Covers industry-specific news and major announcements, including global layoffs -
The rising epidemic of work stress: A wake-up call for corporate India READ MORE
Amid rapid digital growth, 48%of employers show hiring intent in media and entertainment sector READ MORE
AI start-ups generate money faster than past hyped tech companies READ MORE
LinkedIn top Indian startups 2024: Zepto leads as India's newest unicorn READ MORE
7 in 10 Indian companies plan to cut costs to cope with market uncertainty READ MORE
Hiring gains momentum in India’s travel & hospitality sector READ MORE
India GCC Sentiment:
Karnataka announces draft Global Capability Centers policy, aims 500 new GCCs, 3.5 lakh new jobs by 2029 READ MORE
Walmart to set up GCC in Bengaluru, signs lease deal with Prestige Group READ MORE
Global Layoff News:
General Motors to lay off 1700 employees READ MORE
Startup layoffs down by nearly 70% in Q3 READ MORE
Dulux maker Akzo Nobel plans to cut about 2,000 jobs globally READ MORE
Schaeffler to implement job cuts after Vitesco Technologies merger READ MORE
The Walt Disney Company layoffs: Over 300 corporate positions cut amid declining profits READ MORE
03. Expansions and M&A
Covers company expansions and M&A news -
Institut national de l'audiovisuel invest of Sweden plans merger with Cham Group READ MORE
SpiceJet Limited plans significant expansion with 75 new aircrafts READ MORE
M&A News:
04. Diversity Initiatives
Covers company DEI initiatives and recent developments -
05. Leadership Highlight
Covers leadership movements and hires -
Zomato co-founder Akriti Chopra resigns with immediate effect READ MORE
NatWest Group India has appointed former American Express executive Ruchika Panesar as the Head of India operations READ MORE
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.