🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
A bad day for tech: 31,000 jobs slashed
Medial
·
1y ago
Medial
A wave of layoffs hit the technology industry as companies announced 31,000 job cuts worldwide, further worsening the industry's worst year in history. Tech giants such as Alcatel, JDS Uniphase, and Hewlett-Packard were among the companies slashing their workforce due to plummeting consumer sales and declining business spending. Over 300,000 tech jobs, 40% of the U.S. total, were eliminated in the first half of the year, reflecting the industry's struggle amid shrinking orders for equipment and the dot-com bust. Analysts remain uncertain about a potential recovery.
View Source
Related News
Economic Survey: India saw tech startup surge post Covid pandemic
Economic Times
·
1y ago
Medial
The number of technology startups in India reached about 31,000 in 2023, driven by the demand for tech solutions following the pandemic, according to the Economic Survey 2023-24. Top sectors for startups included edtech, enterprise tech, BFSI, advertising and marketing, retail tech, media and entertainment, consumer tech, professional services, and gaming. Recognized startups by the government have created over 12.42 lakh direct jobs. The survey also highlighted the growth of ecommerce, but noted challenges such as inadequate skills and data privacy issues.
View Source
Despite challenges, India saw birth of over 950 tech startups last year: Report
Economic Times
·
1y ago
Medial
According to a report by Nasscom and Zinnov, despite challenges such as valuation issues and regulatory changes, India remains the third largest tech startup ecosystem globally. Over 950 tech startups were founded in India last year, with cumulative funding for over 31,000 startups exceeding $70 billion from 2019 to 2023. Despite layoffs, startup founders are prioritising enhancing business fundamentals and driving profitability. Tech startups in tier 2 and 3 cities are also thriving. In 2024, startups expect to focus on revenue growth, optimising expenditure, and incorporating AI solutions.
View Source
The US Government Is Now the Hottest Tech Employer in Town
Wired
·
1y ago
Medial
The tech job market has been unstable, with many layoffs in the industry. As a result, the US government is now considered an appealing employer for tech workers. Public sector roles are gaining popularity due to perks like pensions and a sense of doing good. The US Department of Veterans Affairs adjusted pay to attract tech talent and has hired over 1,000 people in tech jobs. However, government work can come with challenges such as red tape and slow processes. Despite this, there is an interest in government jobs among tech workers, with many registering for Tech to Gov career events. Smaller government agencies are also making efforts to recruit tech talent.
View Source
'Work-life balance a lie, it stinks', says Anupam; Namita replies 'That's b******t'
Inshorts
·
7m ago
Medial
Anupam Mittal called work-life balance a "lie" and said it stinks and "is destroying a whole generation". Speaking on 'Humans of Bombay Show', he said he feels bad the new generation hasn't seen a crisis as crises shape entire generations. Interrupting Mittal, Namita Thapar said, "That's b******t." Founders obviously work 20 hours/day as they're making lot of money, she added.
View Source
A comprehensive list of 2024 tech layoffs | TechCrunch
TechCrunch
·
7m ago
Medial
The tech industry has seen a persistent wave of layoffs in 2024, following cuts in prior years. Over 130,000 jobs have been eliminated across 457 companies, including major players like Tesla, Amazon, Google, Microsoft, and TikTok. Many smaller startups have also experienced layoffs or shut down. This downtrend reflects tech companies' increased focus on AI and automation, impacting jobs once considered safe. These layoffs highlight the human cost amidst the ongoing push for innovation.
View Source
Tech layoffs are way down from last year. Why does it feel so grim?
Business Insider
·
1y ago
Medial
Tech industry layoffs in 2024 are smaller compared to the massive layoffs in early 2023 by tech giants like Amazon, Google, and Meta. While job cuts this year are smaller and more focused, there is a continuous flow of bad news with startup closures becoming more common. The tech industry still feels grim due to small, continual job cuttings and the fear that the layoffs may not be over. This environment creates discomfort for employees despite software job postings showing some growth.
View Source
A tip for good parenting? Don’t treat it like a 24x7 concierge service
Livemint
·
17d ago
Medial
The article highlights the importance of parents being less hypervigilant and allowing themselves time to de-stress. It emphasizes that not every day in parenting will be the same and encourages parents to accept both good and bad days with kindness towards themselves. The authors argue that self-compassion helps parents manage their emotions and be more understanding towards their children, fostering a healthier parenting environment.
View Source
‘F**k prestige handcuffs’: Techie’s honest take on ‘dog eats dog culture’ after layoff goes viral
Business Today
·
5m ago
Medial
A viral post about layoffs at FK Prestige highlights the 'dog-eat-dog' culture in high-paying tech jobs, sparking discussions on the personal sacrifices tech professionals endure to remain competitive.
View Source
Google cuts about 200 staff in global business unit: Report
Economic Times
·
2m ago
Medial
Google recently reduced its workforce by approximately 200 employees within its global business unit, focusing on sales and partnerships. This move is part of a broader trend among major tech companies to reallocate resources towards data centers and AI, while reducing investments in other areas. Earlier, Google announced a reduction of 12,000 jobs. Other tech giants like Meta, Microsoft, and Amazon are also cutting jobs while prioritizing new technological advancements.
View Source
Practo expands global footprint with UAE launch, targets 10% annual user penetration in Dubai
YourStory
·
2m ago
Medial
Digital healthcare platform Practo launched its services in the UAE, expanding its global presence. Users in Abu Dhabi, Dubai, and Sharjah can now discover and book appointments with verified doctors through Practo's platform. The company lists over 3,000 clinics and 31,000 doctors in the UAE, aiming for significant market penetration. Practo plans to integrate insurance data to aid patients' decisions, reflecting strong early traction and a growing demand for trusted healthcare tools in the region.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
