Edition 3: Weekly Industry News and Trends
August 6, 2024
Welcome to the third 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 -
India IT sector revival sparks fresh hiring spree READ MORE
India tops Boeing global headcount in engineering and tech; more hiring ahead, says HR chief READ MORE
Power, energy sector in India sees 9% growth in hiring in H1FY25, notes report READ MORE
RSM doubles down on India, aims for 5,000-strong team READ MORE
Online hiring in India climbs 12% in June, manufacturing leads growth READ MORE
Apple to employ 500,000 people in India READ MORE
Hiring of freshers by IT companies likely to go off-campus in FY25 READ MORE
Over 1.4 lakh recognized startups in India created more than 15.5 lakh direct jobs READ MORE
02. Industry News
Covers industry-specific news and major announcements -
Source of IT’s pain decoded: why clients are pulling back outsourced work in-house READ MORE
Why global pharma companies choose India for GCCs READ MORE
OpenAI has been on a UK hiring spree and poached a key DeepMind researcher READ MORE
Industry, academia seek details of Centre’s internship programme for students in 500 companies READ MORE
Canva to Buy AI Startup in Year’s Second Deal to Catch Adobe READ MORE
Toyota Kirloskar Motor is recruiting in thousands without deploying HR technology! READ MORE
Indians now hold 10-13% of leadership spots in Global Capability Centres READ MORE
Microsoft announces ‘cash award’ of up to 25 per cent of annual bonus to some of its employees: READ MORE
India now 20% of SAP's global business network, says Ashwani Narang READ MORE
J.P. Morgan pitches in-house chatbot as AI-based research analyst READ MORE
Over 30% GenAI projects won't survive beyond proof of concept: Gartner READ MORE
Global Layoff News:
Audiotech startup Pocket FM lets go of around 200 writers; Here’s why READ MORE
Tech layoffs 2024: Over 8K job cuts worldwide, around 600 Indian professionals impacted in July READ MORE
Intel Corporation to layoff over 15,000 employees: Read the memo shared by company's CEO READ MORE
The Walt Disney Company to cut jobs in television unit READ MORE
03. Expansions and M&A
Covers company expansions and M&A news -
Advanced Clinical announces opening of New Office in India READ MORE
Checkmarx celebrates grand opening of New Office in Pune, India READ MORE
GCCs expected to absorb 26 million square feet office space in India by 2027 READ MORE
WeWork India renews lease for 1.4 lakh square feet office space in Mumbai’s Goregaon READ MORE
M&A News:
AI firm C5i Corporation acquires marketing analytics firm Analytic Edge READ MORE
UltraTech Cement board approves 32.72% acquisition of India Cements Limited READ MORE
UAE’s Al Ansari Financial Services to acquire Bahraini remittance firm BFC Group Holdings for $200 million READ MORE
Foxconn eyes major expansion in India: Plans to assemble Apple iPads at Tamil Nadu facility READ MORE
Lotte Wellfood to merge Indian subsidiary Lotte India Corporation Limited and Havmor Ice Cream Pvt Ltd READ MORE
R1 RCM to be acquired by TowerBrook Capital Partners L.P. and CD&R for $8.9 Billion READ MORE
Viacom18 Media Private Limited , Disney Star expect to complete merger by October READ MORE
04. Diversity Initiatives
Covers company DEI initiatives and recent developments -
Bengaluru has highest female employable talent in India, GDP likely to grow at 8.5% by 2035: Priyank Kharge READ MORE
Top companies find there are not enough women in colleges to fill their gender diversity goals READ MORE
The Union Budget 2024 has allocated ₹3 lakh crore for schemes benefitting women and girls. READ MORE
90% of Indian women seek growth, 42% face workplace bias: Aon study READ MORE
WEConnect International holds strategic discussion on strategies to increase access to global market opportunities for women-owned business in India through supplier Diversity and Inclusion READ MORE
05. Leadership Highlight
Covers leadership movements and hires -
Gurpreet Singh appointed head of human resources, Wiom READ MORE
Paresh Ranpara takes charge as Director-HR at Grid Controller of India Limited READ MORE
Netflix India appoints Mahima Kaul as director READ MORE
06. Jobs Market Trend - India
Covers growth trend of vanilla skills (based on job demand trend) -
Data Science: 70% growth in headcount in past one year; 24.5k+ active job openings
Software Engineer: 25% growth in headcount in past one year; 65k+ active job openings
Data/ Business Analyst: 64% growth in headcount in past one year; 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.