Edition 18: Weekly Industry News and Trends
November 19, 2024
Welcome to the eighteenth 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 -
Avathon India workforce set to grow threefold by 2026 READ MORE
Swiggy hiring top Flipkart , Amazon executives amid expansion plans READ MORE
Salesforce is hiring 1,000 new employees READ MORE
Singapore Airlines to invest additional ₹3,195 crore in Air India Limited post-Vistara merger READ MORE
GlobalLogic to expand team to 22,000 in India by 2026 READ MORE
Callus Company Inc. targets 1,00,000 Indian talent pool by 2026 READ MORE
02. Industry News
Covers industry-specific news and major announcements, including global layoffs -
A bad hire may cost up to 200% of employee's annual salary READ MORE
Hyderabad emerges as key tech hub for Chubb in India & globally READ MORE
India GCC Sentiment:
India to develop "Mini Silicon Valley" for Global Capability Centers in Goa READ MORE
Approval for AI Center, GCC policy in Karnataka READ MORE
ZEISS Group opens Global Capability Center Bengaluru; India workforce to double to 5,000 in two years READ MORE
Morgan Stanley opens new Global Capacity Center in Mumbai READ MORE
India's GCC to exceed $100 billion by 2030; houses 20% of global workforce READ MORE
Global Layoff News:
Enphase Energy to lay off 17% of workforce READ MORE
Freshworks joins wave of tech layoffs, cutting 13% of global workforce READ MORE
NVIDIA -rival AMD to layoff 1000 employees, slashes global workforce by 4% READ MORE
Marriott International starts to lay off corporate employees READ MORE
Siemens layoffs: Tech giant may cut up to 5,000 jobs amid ongoing struggles READ MORE
03. Expansions and M&A
Covers company expansions and M&A news -
Radisson Hotel Group eyes tier 3 & 4 city expansion in India READ MORE
Karcher India eyes expansion with ARMA Group acquisition, to focus on local production READ MORE
M&A News:
Murugappa Group to acquire Germany's 259 years-old hubergroup for $310 million READ MORE
Sasken Technologies Limited to acquire Borqs Technologies, Inc. business to expand capabilities and market reach READ MORE
Reliance Industries Limited , Viacom18 Media Private Limited and Disney+ Hotstar complete merger READ MORE
Air India Limited completes Vistara - TATA SIA Airlines Ltd. merger; integrated carrier to operate 5,600 flights weekly READ MORE
04. Leadership Highlight
Covers leadership movements and hires -
Michael Page India names Nilay Khandelwal as Senior Managing Director READ MORE
Swiggy Instamart names Hari Kumar G as Senior Vice President and Chief Business Officer READ MORE
NetApp India appoints Vasanthi Ramesh as New Managing Director 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.