Edition 27: Weekly Industry News and Trends
February 10, 2025
Welcome to the 27th edition 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.
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01. Company/ Hiring News:
Covers company-specific news and major hiring news -
Cognizant sees 10,700 employee drop in Q4, plans expansion in 2025 READ MORE
German firm BIKAR starts production at newly set up Belagavi facility READ MORE
02. Industry News:
Covers industry-specific news and major announcements, including global layoffs -
Big opportunities in contractual work: Quick commerce to scale up hiring in 2025 READ MORE
India Eyes $350 Billion Pharma Exports By 2047 READ MORE
Indian job market enters 2025 on steady footing; white-collar hiring in Jan marks 4% YoY growth READ MORE
India GCC Sentiment:
BlackRock to hire 1,200 employees in India to expand AI and support hubs READ MORE
Global capability centers (GCCs) are set to surpass IT Services companies in hiring tech talent READ MORE
Union Budget 2025: GCC national framework to get talent and infra boost READ MORE
India’s GCC framework in Budget 2025: Industry lauds but urges deeper collaboration READ MORE
India To Lead GCC Sector With 4.5L Jobs In 2025, 1 Mn By 2030: Report READ MORE
Bengaluru India's BFSI GCC operations capital, contributes 19% of total headcount in operations, says Careernet report READ MORE
Tech Mahindra to Set Up 3,000-Employee GCC for Goodyear in Hyderabad READ MORE
Global Layoff News:
Meta layoffs: Facebook, WhatsApp, Instagram parent company to start laying off employees today READ MORE
Estee Lauder layoffs: Global beauty cosmetics maker to cut up to 7,000 jobs READ MORE
Salesforce to reportedly layoff over 1,000 employees READ MORE
Workday layoffs: Human capital management firm to slash 8.5% of workforce amid AI surge READ MORE
Intel Corporation Layoffs: US Semiconductor Giant To Cut 23,000 Jobs Globally in 2 Years To Save USD 10 Billion Amid Leadership Changes and Declining Financial Performance READ MORE
Infosys Layoffs: IT major gives pink slips to 400 campus recruits after they fail evaluation test READ MORE
03. Expansions and M&A:
Covers company expansions and M&A news -
Agro Tech Foods completes the acquisition of Del Monte India READ MORE
ITC signs agreement to acquire frozen food player Prasuma READ MORE
Alkem Laboratories makes twin acquisitions READ MORE
Empowering India: Hitachi Energy's Strategic Expansion in Mysore and Halol READ MORE
04. Diversity Initiatives:
Covers company DEI initiatives and recent developments -
ReNew is committed to ensuring 30% women in its workforce by 2030: Vaishali Nigam Sinha, co-founder and chairperson of sustainability at ReNew READ MORE
After other tech giants, Accenture scraps DEI goals , memo says READ MORE
05. Leadership Highlight:
Covers leadership movements and hires -
Careernet Group expands to the U.S., appoints Sunil Chaudhary as Partner, Longhouse, the company’s executive search arm READ MORE
Where are the women? Men dominate 81% of India Inc's corner offices READ MORE
Ahead of IPOs, new-age firms look to fill leadership roles in critical areas READ MORE
Firms hire global leaders as talent shortage hits Indian electronics sector READ MORE
Zomato is Hiring Business and Product Leaders with a ‘Second Brain’ 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.