Edition 23: Weekly Industry News and Trends
January 7, 2025
Welcome to the 23rd edition and the first edition of 2025 of our 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.
Subscribe and stay connected.
01. Company/ Hiring News:
Covers company-specific news and major hiring news -
Co – Living startup Truliv announces expansion to Bengaluru READ MORE
Dutch semiconductor company NXP Semiconductors sees growth potential in India READ MORE
Modine Manufacturing Company Announces India Expansion to Meet Growing Data Center Industry Demand READ MORE
ServiceNow Shares Plans to Hire Up to 3,000 People READ MORE
02. Industry News:
Covers industry-specific news and major announcements, including global layoffs -
Indian Pharma Companies' Revenue Likely To Expand By 9-11% In FY25: ICRA READ MORE
India's IT sector is set for growth in 2025 with increased tech spending and hiring READ MORE
Fresher hiring gains traction, extending beyond IT: Naukri.com exec READ MORE
Indian IT hiring set to rebound by 2025, AI and data science to dominate READ MORE
OpenAI CEO Sam Altman says AI Agents will join workforce in 2025 READ MORE
India GCC Sentiment:
Uttar Pradesh Emerges as India’s Next GCC Powerhouse READ MORE
GCCs Drive India’s Office Leasing with 37% Share, Bengaluru Leads the Way RD MORE
Indian GCC industry to hit $100 billion by 2030, generate over 2.5 mn jobs READ MORE
GCCs set to outshine IT firms in hiring for second year in a row READ MORE
Indian companies to hire 10% more employees in 2025: CIEL HR report READ MORE
Global Layoff News:
Outlook 2025: Funding crash, layoffs push edtech's focus on innovation READ MORE
India Remains Optimistic Amid Global Layoff Wave READ MORE
SolarEdge Technologies Technologies to lay off 400 employees globally READ MORE
US-Based Robotics Company Boston Dynamics Reduced 5% Workforce Amid Cash Flow Challenges READ MORE
Big Pharma layoff rounds jump 281% in '24, but overall industry rates similar to '23 READ MORE
A year in tech layoffs: 42% decline in job cuts in 2024, fresh shoots of stability READ MORE
Google layoffs: Sundar Pichai announced 10% job cuts in managerial roles READ MORE
1.5 Lakhs (150K) tech employees lost their jobs in 2024 READ MORE
03. Expansions and M&A:
Covers company expansions and M&A news -
NCLAT approves merger between Equinox India and Embassy Group READ MORE
IonQ Finalizes Qubitekk, Inc. Acquisition to Strengthen Its Quantum Networking Capabilities READ MORE
HubSpot Completes Acquisition of AI-Powered Conversation Intelligence Platform, Frame AI READ MORE
NeueHealth to become a private company after $1.3B acquisition READ MORE
Stifel Financial Corp. Announces Acquisition of Bryan, Garnier & Co. READ MORE
04. Diversity Initiatives:
Covers company DEI initiatives and recent developments -
McDonald's is ending some of its DEI practices READ MORE
05. Leadership Highlight:
Covers leadership movements and hires -
Zepto VP Jitendra Bagga quits after nine months amidst company expansion drive READ MORE
India Cement makes top management change following acquisition by UltraTech Cement READ MORE
Publicis Groupe chief diversity officer exits amid cuts to DEI team READ MORE
GroupM Southeast Asia faces leadership shift as Himanshu Shekhar steps down READ MORE
IPO-bound Swiggy continues leadership hiring; taps ex- Flipkart exec as SVP of operations READ MORE
On a hiring spree: InsuranceDekho makes key leadership appointments, announces hiring plans 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.