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News on Medial
Job Markets may start fully recovering from March 2024, says Uplers CEO
OutlookIndia
·
1y ago
Medial
Uplers, a talent outsourcing organization founded by Jaymin Bhuptani and Nital Shah, aims to simplify and streamline the hiring process. Despite the uncertainties caused by the pandemic, Uplers remains optimistic about the demand for talent in the job market, particularly from offshore destinations like India. The founders also emphasize the importance of upskilling and improving both technical and soft skills to ensure job readiness. They believe that remote work will continue to be a significant trend, with a higher demand than supply. Uplers has also introduced a separate brand, Mavlers, to address marketing strategy execution for global brands.
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India-Canada crisis spells trouble for Indian start-ups eyeing Canada as gateway to North American market
Business Today
·
1y ago
Medial
The deepening diplomatic tensions between Canada and India may impact Indian start-ups that view Canada as a strategic entry point to North American markets. The visa ban imposed by Canada could hinder trade and business opportunities, causing start-ups to explore alternative markets. Some Indian start-ups may opt to focus directly on the US market instead. The Canada-United States-Mexico Trade Agreement (CUSMA) offers reduced trade barriers and increased market access for start-ups, facilitating expansion and growth opportunities. The ban may also discourage Indian students from choosing Canadian universities.
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Adecco chief says AI will create new jobs
Economic Times
·
1y ago
Medial
The head of Adecco, the world's largest temporary staffing agency, believes that while artificial intelligence (AI) may disrupt and revolutionize job markets, it will also create new positions. Denis Machuel states that AI, such as generative AI capable of creating content, could reshape various professions from meteorologists to lawyers. He emphasizes the uncertainty of how AI will unfold in the next five years, causing a balance between job creation and destruction. Machuel believes that white-collar workers may be more impacted in the short term, particularly in tasks related to information management. He also highlights the potential for upskilling and re-skilling through AI tools.
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Nothing Phone (2a) Will Be Made In India, Says CEO Carl Pei
Inc42
·
1y ago
Medial
Nothing Phone (2a), the upcoming smartphone from Nothing, is set to launch in India and other global markets on March 5. CEO Carl Pei confirmed that the phone will be manufactured in India. The Phone (2a) is expected to be an upgrade over the company's first handset, the Nothing Phone 1, and may be more affordable. It will feature a 6.7-inch display, dual rear cameras, Nothing OS, and a distinctive transparent design. The announcement comes as Manu Sharma, the head of Nothing's India operations, stepped down.
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Tech layoffs are expected to continue as companies seek to hire more AI talent, analyst says
Business Insider
·
1y ago
Medial
According to an analyst, more tech layoffs may be on the horizon as companies prioritize investing in artificial intelligence (AI). In January 2024, over 20,000 employees were laid off in the tech industry. Companies like Google, Amazon, and SAP are among those making significant AI investments while reducing staff in other areas. However, the growing AI sector also creates new job opportunities, with companies like Apple, Meta, and Nvidia actively seeking AI-focused talent. Working in AI may offer job security in a rapidly changing tech landscape.
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Demand to recover gradually, says HUL
Economic Times
·
10d ago
Medial
Hindustan Unilever (HUL), a major player in India's fast-moving consumer goods sector, reports that demand is gradually recovering. Despite facing challenges such as inflation, low wage growth, and high housing costs impacting urban markets, HUL anticipates improvement in consumer sentiment. The company recorded a 5% revenue growth in the June quarter, with a 6% net profit increase. Sales volume grew 4%, reflecting the highest revenue growth in two years. Rural and urban demand is stabilizing, supporting future growth.
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Elon Musk says Tesla sales 'doing well' after recent slump
Economic Times
·
2m ago
Medial
Tesla's sales are recovering well after a recent slump, according to CEO Elon Musk. The decline followed backlash due to Musk's support for US President Donald Trump's workforce cuts. However, at the 2025 Qatar Economic Forum, Musk noted that Tesla's market cap has bounced back to over a trillion dollars, indicating market confidence and recovery.
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Zetwerk mulls public listing within two years, cofounder says
Economic Times
·
4m ago
Medial
Zetwerk plans a public market listing within 24 months as it boosts electronics production amid global companies shifting to India. CEO Amrit Acharya highlights India's growing significance in global supply chains, as seen with giants like Google and Apple diversifying from China. Zetwerk recently opened its seventh Indian factory. Electronics make up 15% of its revenue. Sales rose 26% to 144.36 billion rupees in the year ending March 2024, despite an increased net loss.
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More than 30,000 tech employees lose jobs globally in first month of 2024
Economic Times
·
1y ago
Medial
According to data compiled by layoff-tracking website Layoffs.fyi, more than 30,000 tech employees have lost their jobs globally in the first month of 2024. This comes after a year in which tech companies, including startups, fired over 425,000 employees worldwide. Several well-known companies, including Zoom, Okta, PayPal, iRobot, Salesforce, Swiggy, eBay, YouTube, and Google, have announced significant job cuts. The CEO of Google, Sundar Pichai, has also warned that there may be more job cuts in the future.
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Elon Musk wanted Tesla to slash its headcount by 20% because its quarterly vehicle deliveries fell by that much, Bloomberg source says
Business Insider
·
1y ago
Medial
Tesla CEO Elon Musk reportedly wanted the company to reduce its workforce by 20% to align with a decrease in vehicle deliveries. This came after Tesla reported a 20.1% drop in car deliveries in Q1 2024, the lowest quarterly performance since 2022. Musk recently announced layoffs of "more than 10%" to address duplication of roles and job functions. Tesla faces challenges including declining sales and competition from Chinese automakers.
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High valuations, uncertainty weigh on PE/VC activity in April
YourStory
·
2m ago
Medial
Private equity (PE) and venture capital (VC) investments fell to $4.7 billion in April 2025 due to heightened uncertainty and high valuation expectations from sellers, according to a report by IVCA and EY. This represents a 6% decrease from April 2024 and a 20% decrease from March 2025. Start-up investments led with $1.8 billion, while infrastructure and financial services dominated sectors. Exits also declined, with 12 exits totaling $489 million, down from both April and March of the previous years.
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