Edition 2: Weekly Industry News and Trends
July 30, 2024
Welcome to the second 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 -
Hiring alert: Altimetrik to triple India IT team with TPG's investment READ MORE
Leading Indian IT firms look to hire 90,000 freshers in FY25 READ MORE
TCS to hire 40,000 freshers this year: ‘India is the destination for talent' READ MORE
Indian IT sector to revive hiring plans, add 350,000 jobs in FY25 READ MORE
Wipro plans to hire 10,000-12,000 freshers from campuses in FY25 READ MORE
Infosys plans to hire 15,000-20,000 freshers in FY25 READ MORE
02. Industry News
Covers industry-specific news and major announcements -
nasscom says no to Karnataka govt's 14-hour workday limit proposal READ MORE
India: GCC Hub for Global Cos - Economic Survey READ MORE
China boosts financing support for smaller innovative tech companies READ MORE
Big Tech says AI is booming. Wall Street is starting to see a bubble READ MORE
Profit Growing, Hiring, Salaries Not So Much: Centre's Message To India Inc READ MORE
‘A huge opportunity’: Quantum leap for UK as tech industry receives £100m boost READ MORE
Budget 2024: Venture investors call abolition of angel tax a ‘huge reform’, aligns with Startup India initiative READ MORE
How Google Cloud’s HR team used AI to transform their recruiting process and speed up employee onboarding READ MORE
Economic Survey 2024: Hiring in IT sector slowed significantly in last 2 years READ MORE
Economic Survey 2024: Hiring in IT sector unlikely to pick up significantly, revenue of ER&D GCCs up over 30% READ MORE
Meta introduces Llama 3.1: What is an open-source AI model? How can it change the world? READ MORE
71% of employees burnt out by AI pressures: Study READ MORE
Global Layoff News:
Biopharma Layoff Tracker 2024: Anokion , GlycoMimetics , Relay Therapeutics and More Cut Staff READ MORE
WayCool Foods Lays Off Over 200 Employees in Third Round of Cuts This Year: Report READ MORE
A comprehensive list of 2024 tech layoffs READ MORE
Optum WARN filing: 524 workers in California laid off READ MORE
Update: Avaya Confirms Layoffs Will Impact 3% of Its Workforce READ MORE
NVIDIA-backed AI startup Cohere lays off 5% employees READ MORE
Foxconn 'not hiring married women' at iPhone plant in India: Government to check hiring practices READ MORE
BBC Layoffs: Media Firm Plans To Fire 500 Employees Over Next 2 Years READ MORE
03. Expansions and M&A
Covers company expansions and M&A news -
50% of Indian SMEs Embrace Cloud for Business Expansion in FY2024 READ MORE
nasscom and Meta partner to launch Open-Source and GenAI in India READ MORE
HSBC and Singapore Business Federation to Aid Singapore Businesses in Expanding to GBA, India, and Middle East READ MORE
Rittal and Eplan celebrate the grand opening of new Bangalore sales office READ MORE
BREMER LLOYD opens Chennai office READ MORE
4i apps solutions | Cloud Solutions Provider Expands Chennai Headquarters, Enhancing Workspace for Growth READ MORE
Thyrocare Technologies Ltd. expands Northern India presence with Polo Labs acquisition READ MORE
M&A news
Exclusive: Emami Ltd set to acquire 100% stake in The Man Company READ MORE
Air India Limited Aims To Complete 'Unprecedented Aviation' Merger By End Of 2024 READ MORE
MANKIND PHARMA LTD to acquire 100% stake in Bharat Serums and Vaccines Limited READ MORE
04. Diversity Initiatives
Covers company DEI initiatives and recent developments -
Microsoft faces backlash over DEI team layoffs amid diversity commitments READ MORE
Progressive virtue signaling' | CrowdStrike faces DEI lawsuit, days after suggestions diversity played part in global IT outage READ MORE
Economic Survey 2024: Women achieve landmark 37% labor force participation, driven by rural empowerment READ MORE
05. Leadership Highlight
Covers leadership movements and hires -
Sikich India welcomes Siddharth Sharma as Human Resources Director READ MORE
Dr. Reddy's Laboratories elevated Neha Jain as Group HR Director READ MORE
Sanjay Gawde to replace Edwin Lobo as Head - HR and Administration of Mahindra Logistics READ MORE
Coforge appoints Ankur Berry as global HR head for Cigniti Technologies 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; 25.5K+ active job openings
Software Engineer: 25% growth in headcount in past one year; 64K+ active job openings
Data/ Business Analyst: 66% growth in headcount in past one year; 1.1K+ active job openings
Project Manager: 1% growth in headcount in past one year; 2.6K+ active job openings
Human Resource: 3% growth in headcount in past one year; 2K+ active job openings
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.