Edition 20: Weekly Industry News and Trends
December 3, 2024
Welcome to the 20th 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 -
Freshworks resumes hiring following recent lay offs READ MORE
Tata Consultancy Services partners with Indian Institute of Technology, Kharagpur to launch advanced research center READ MORE
Emami Realty Limited to invest Rs 100 billion in 7 years to expand portfolio READ MORE
Intel Corporation to sell one of its campuses as part of a $10 billion cost-cutting plan READ MORE
02. Industry News
Covers industry-specific news and major announcements, including global layoffs -
IT hiring expected to grow by 10-12% in 6 months READ MORE
One in five employees fear job stability; layoffs affecting employee morale READ MORE
India GCC Sentiment:
TransUnion GCC India expands in Pune to accommodate growing capabilities READ MORE
Chennai to host 450 GCCs by 2030 READ MORE
India’s GCC sector to exceed 2.2 million workforce by 2026, shifting focus to Tier II and III cities READ MORE
Global Layoff News:
Kronos Bio announces layoffs and executive changes READ MORE
Ola Electric firing 100 employees every Friday since last 60 days READ MORE
SolarEdge Technologies announces layoffs and closes storage division, shifts focus to PV READ MORE
03. Expansions and M&A
Covers company M&A news -
Aster DM Healthcare inks pact to merge with CARE Hospitals, Quality CARE India Limited READ MORE
Hinduja Tech Limited completes acquisition of TECOSIM Group READ MORE
NODWIN Gaming acquires Trinity Gaming to bolster Indian gaming ecosystem READ MORE
TII Group to enter the South Korean market with KCAL India acquisition READ MORE
Mirae Asset Sharekhan completes ₹3,000 crore acquisition of Sharekhan Ltd. , expanding financial footprint in India READ MORE
04. Diversity Initiatives
Covers company DEI initiatives and recent developments -
Walmart becomes latest and biggest company to roll back its DEI policies READ MORE
Samsung Electronics gets first woman CEO outside founding family for 1st time in 86 years READ MORE
05. Leadership Highlight
Covers leadership movements and hires -
Google appoints former Apple leader Mitul Shah as MD for Pixel’s sales, expansion in India 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.