Edition 4: Weekly Industry News and Trends
August 13, 2024
Welcome to the fourth 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 hiring sees 11% surge in July, Retail & Telecom jobs lead READ MORE
NatWest Group plans to triple Bengaluru headcount to 6,000 employees READ MORE
Amid GCC boom, Big Four in India are boosting hiring of 'tech architects' READ MORE
Why is Boeing hiring more engineers from India than China? READ MORE
Nifty 100 companies tap smaller cities to ramp up hiring of young talent READ MORE
India’s SaaS market expected to pump up hiring mandates READ MORE
Record funding, policy support drive hiring boom in spacetech sector READ MORE
Sales, marketing leaders in demand as CXO Inc. hiring rises 15% in H1 of 2024 READ MORE
IT Hiring grows in India: Software roles soar amidst growing demand for tech talent, says report READ MORE
02. Industry News
Covers industry-specific news and major announcements, including global layoffs -
Around 40% HR professionals oppose AI in hiring without safeguards, survey finds READ MORE
Global Capability Center industry to boost job creation in India: Report READ MORE
500 freshers face over 2-year joining delay at Infosys READ MORE
IBM introduces Gen AI-Powered Cybersecurity Assistant for Threat Detection and Response READ MORE
Zepto shifting HQ to Bangalore: 700+ employees to relocate READ MORE
Bengaluru leads leasing by Global Capability Centers in India with 40% share between 2022 to H1 2024: Report READ MORE
Beamery and TalentNeuron form strategic partnership, bringing AI and labor market intelligence together READ MORE
Global Layoff News:
Bayer cut 3,200 jobs in first six months of this year READ MORE
Cisco to lay off thousands more in second job cut this year READ MORE
Tech layoffs 2024: IT companies lay off 100,000 employees till July 2024 READ MORE
Dell Technologies cuts 10% of workforce in fresh layoff as it shifts focus to AI READ MORE
Infineon Technologies to cut 1,400 jobs worldwide, relocate another 1,400, says CEO READ MORE
03. Expansions and M&A
Covers company expansions and M&A news -
Cognizant to set up new facility in Hyderabad with over one million sq.ft READ MORE
Obhan & Associates expands its India footprint with new office in Bengaluru READ MORE
Apax to take consultancy firm Thoughtworks private in $1.75 billion deal READ MORE
Universal Studios' Comcast keen to set up GCC in Hyderabad: Minister READ MORE
Amgen to open new tech and innovation center in Hyderabad by 2024-end READ MORE
HCA Healthcare to expand its Global Capability Center in Hyderabad READ MORE
NatWest Group expands its footprint in Bengaluru with 370K sq.ft office READ MORE
IPG Mediabrands opens largest Global Capability Center in Pune READ MORE
Arcesium announces expansion of Hyderabad facility READ MORE
AtkinsRéalis opens new office in Noida READ MORE
M&A News:
Accenture acquires BOSLAN Ingeniería y Consultoría to help clients optimize investments in net-zero infrastructure READ MORE
Aster DM Healthcare merger: Key details and what it means for India's healthcare sector READ MORE
Compass Group India acquires 70% stake in food services company ICS Foods READ MORE
HCLTech software business unit to acquire Zeenea for €24 million READ MORE
04. Diversity Initiatives
Covers company DEI initiatives and recent developments -
Women’s leadership in corporate India: 20% of Fortune 500 companies in India met the requirement of having at least one woman director as of 2023 READ MORE
Bias, maternity leave setbacks stall women's growth at workplace: Report READ MORE
90% women view GenAI as crucial for career growth, says nasscom -BCG report READ MORE
05. Leadership Highlight
Covers leadership movements and hires -
Ashish Kumar to essay the role of VP & CHRO, Jindal Power Limited READ MORE
Ozonetel Communications appoints Shalil Gupta as MD - Global Growth 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; 26K+ active job openings
Software Engineer: 25% growth in headcount in past one year; 68K+ active job openings
Data/ Business Analyst: 64% growth in headcount in past one year; 1.1K+ active job openings
Project Manager: 1% growth in headcount in past one year; 2.7K+ active job openings
Human Resource: 3% growth in headcount in past one year; 3K+ 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.