Edition 5: Weekly Industry News and Trends
August 20, 2024
Welcome to the fifth 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 -
Global Capability Centers score may go up in 2nd half of hiring game READ MORE
IT company Tata Consultancy Services eyes 'Prime' campus talents with Rs 9-11 L offers READ MORE
Infosys opens ‘Power’ programme offering freshers up to Rs 9 lakh a year READ MORE
Global hiring activity shows positive trends in April-June quarter, as India and US lead market READ MORE
02. Industry News
Covers industry-specific news and major announcements, including global layoffs -
Evernorth Health Services sets up largest GCC outside US in Hyderabad READ MORE
India’s Semiconductor Mission: 3 units in Gujarat, Assam boost electronics industry READ MORE
Telangana gets Rs 31,500 crore investment commitments in AI, Global Capability Centers READ MORE
Top 10 management colleges in India: NIRF 2024 Rankings READ MORE
UK government may restrict overseas hiring in tech and engineering sectors READ MORE
Intel Corporation sells stake in chip designer Arm Holdings READ MORE
IT companies set up dedicated GCC Strategic Business Units as demand booms READ MORE
Hyderabad dislodges Chennai to become Cognizant largest center globally READ MORE
Global Layoff News:
General Motors layoffs: Company cuts China jobs, to focus on electric vehicles READ MORE
Payments giant Mastercard cutting global headcount by 3% READ MORE
Paramount layoffs: Firm to fire about 2,000 employees in US; here's why READ MORE
At least 8,000 lose jobs as India's startups, Big Tech focus on profits, AI READ MORE
GoPro announces job cuts, to reduce workforce by 15% READ MORE
03. Expansions and M&A
Covers company expansions and M&A news -
Amazon set to expand its data center facilities in Hyderabad READ MORE
Kyndryl launches Global Security Operations Centre in Bengaluru READ MORE
Hy-Vee, Inc. leases 54,000 sq ft office space in Bengaluru READ MORE
US HR solutions provider TriNet opens new facility in Hyderabad READ MORE
OYO raises Rs 1,457 crore in latest funding round, allocations for growth and global expansion READ MORE
Syfe raises $27 million in new funding round, targets expansion of workforce in India READ MORE
M&A News:
Bharti Enterprises joins Tata Group , Mahindra Group , Welspun World in acquiring stake in British firms READ MORE
Reliance Retail acquires Italy’s KIKO MILANO India business READ MORE
Accenture gets CCI's nod to acquire stakes in Vodafone's arm VSOL READ MORE
04. Diversity Initiatives
Covers company DEI initiatives and recent developments -
IndiGo (InterGlobe Aviation Ltd) aims for over 1,000 women pilots to boost diversity READ MORE
05. Leadership Highlight
Covers leadership movements and hires -
Cummins India appoints Shveta Arya as Managing Director READ MORE
ACME Group appoints Atma Godara as Vice President and Head - People & Culture READ MORE
Nitin Chandel appointed as Group Vice President of UKG 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.