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Crypto job market in India declines, Bengaluru remains top hub, says Indeed
IndianStartupNews
·
1y ago
Medial
The cryptocurrency job market in India is experiencing a decline, according to data from job site Indeed. Job postings for crypto-related positions have decreased by 64.20%, while searches for such jobs have dropped by 15.20% between August 2022 and 2023. This decline is attributed to volatile market conditions and increased regulatory and safety concerns. Bengaluru is the leading contributor to the crypto job market, followed by cities like Pune, Mumbai, Gurgaon, Hyderabad, and Kochi. The most in-demand crypto job roles are Application Developers, Enterprise Architects, Full Stack Developers, Developers, and Data Engineers.
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Related News
Cybersecurity job trends in India: Bengaluru takes the lead as demand persists
IndianStartupNews
·
1y ago
Medial
Indeed, a global hiring platform, has revealed that cybersecurity job postings in India have steadily increased over the past three years. From 2019 to 2022, there was an 81% surge in cybersecurity job postings, which was particularly prominent during the pandemic. However, from September 2022 to September 2023, there was a 25.7% decrease in job postings, potentially due to increased regulations and controls. Despite this decline, job seekers' interest in cybersecurity jobs grew by 6%. Bengaluru emerged as the leading city in India's cybersecurity job market, followed by Delhi-NCR, Mumbai, Pune, Chennai, and Hyderabad. India's growing internet user base has led to a rise in cyber threats, with the cybersecurity market estimated to exceed $15 billion by 2023.
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Tier I cities dominate in blue-collar gig job opportunities: Report
Economic Times
·
1y ago
Medial
Gig economy opportunities in India are concentrated in tier-one cities, accounting for 67.1% of short-term blue-collar jobs from June 2023 to June 2024. These cities attracted 63.11% of job applications, while tier-two cities saw 26% of openings and 25% of applications. Tier-three cities had a lower proportion of job openings (6.7%) compared to applications (11%). Delhi emerged as the top hub for gig workers, followed by Mumbai, Bengaluru, and Pune. Back-office roles dominated the gig economy job market, with delivery executives and cooks also in demand. The rise in online marketing roles reflects the growing demand for digital skills in the gig workforce.
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Indian Employers Optimistic About AI's Job-Creation Potential, Says Indeed Global Survey
Business Bytes
·
1y ago
Medial
According to a global survey by Indeed, Indian employers are optimistic about the job-creation potential of Artificial Intelligence (AI). Over 85% of Indian employers believe that AI will lead to the creation of new jobs within the next 1-5 years. The survey also highlights the importance of acquiring skills relevant to AI and technology for the evolving job landscape. This positive outlook reflects a growing recognition of AI as a tool for growth and innovation in the Indian job market.
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Govt To Introduce A ‘Single’ Platform For Startups, VCs To Ensure Better Collaboration: Priyank Kharge
Inc42
·
1y ago
Medial
The Indian state of Karnataka, particularly Bengaluru, remains the country's top startup hub despite a decline in funding. The state government has disbursed over INR 50 crore ($7 million) as grants and supported 208 startups in the past six months. Beyond funding, Karnataka provides support to startups through initiatives like the Global Innovation Alliance-Market Access Programme (GIA-MAP) and a public procurement policy for sourcing from startups. The government is working on strengthening the AI ecosystem in Bengaluru and attracting investments outside the state capital through its Beyond Bengaluru program. Additionally, outdated policies and excessive taxation on startups are among the challenges that need to be addressed.
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Air India bullish on Bengaluru's aviation growth: Campbell Wilson
Money Control
·
11m ago
Medial
Air India is committed to making Bengaluru a key aviation hub in South India. The airline's CEO, Campbell Wilson, stated that they have committed to making Bengaluru one of their key focus cities. Air India recently signed an agreement with the Karnataka government and Bangalore International Airport Limited to develop the city as a premier aviation hub. The airline is also building a Maintenance, Repair, and Overhaul (MRO) facility in Bengaluru, which is expected to generate over 1,200 job opportunities and support more than 200 SMEs in the state. The MRO facility will have the capacity to accommodate wide-body and narrow-body aircraft and will feature advanced maintenance technology.
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Indeed cuts 2,200 jobs amid slump in recruitment market
Economic Times
·
1y ago
Medial
Job listing site Indeed is cutting 2,200 jobs, around 15% of its workforce, as it deals with decreased job postings and a cooling labor market. CEO Chris Hyams stated that the layoffs were necessary due to the organization being too big for the future job market. Parent company Recruit Holdings has also seen a decline in sponsored job listings, with a 33% drop in the last quarter. The impacted employees will receive severance packages. The move reflects the economic challenges faced by many tech companies in the current market conditions.
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‘Big cities will always...’: Viral post rejects myth of real estate price collapse in India, says ‘a costly delusion’
Business Today
·
3m ago
Medial
India's property market has surged post-pandemic, with prices in top cities like Mumbai, Bengaluru, and Hyderabad rising by up to 30%. The market remains robust due to high demand, restricted new supply, and strong investor interest. Despite expectations of a correction, the article refutes the myth of a real estate price collapse, emphasizing that major cities will always retain strong investment appeal, owing to their fundamental economic importance and desirability.
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Crypto industry descends on Dubai as Trump euphoria recedes
VCCircle
·
3m ago
Medial
Cryptocurrency enthusiasts gathered in Dubai for the TOKEN2049 conference amid a shift in sentiment following early optimism over Donald Trump's support for crypto. Industry leaders, including major firm executives and Eric Trump, discussed the potential impact of political promises on regulation. While crypto prices have fallen, investment remains strong, with $5.4 billion poured into the sector in early 2025. The UAE is emerging as a crypto hub, attracting significant investment and continued industry expansion.
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India Ranks First In Crypto Adoption Despite Regulatory Setbacks
Startup News FYI
·
1y ago
Medial
India has claimed the top spot in Chainalysis' 2023 Global Crypto Adoption Index, marking a significant comeback from the fourth spot in 2022. The country ranks first in four of the five sub-categories, including centralised service value received, retail centralised service value received, DeFi value received, and retail DeFi value received. India's adoption index score stands at 1, while the global average is around 0.3. Despite regulatory challenges and a crypto winter, India's crypto adoption remains strong.
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Indeed, Glassdoor to cut 1,300 jobs amid AI integration, memo shows - The Economic Times
Economic Times
·
28d ago
Medial
Recruit Holdings, parent of Indeed and Glassdoor, plans to lay off around 1,300 employees amid a strategic shift towards artificial intelligence. This restructuring affects various teams, especially in the U.S., and includes integrating Glassdoor into Indeed, resulting in leadership changes. Glassdoor CEO Christian Sutherland-Wong will leave, and LaFawn Davis will step down as Chief People and Sustainability Officer of Indeed. The decision mirrors broader job cuts in the tech industry prioritizing AI investments.
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