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Job hiring websites are doing layoffs due to AI.

The Verge

The Verge · 1m ago

Job hiring websites are doing layoffs due to AI.

The parent company of Indeed and Glassdoor is laying off approximately 1,300 employees as AI reshapes the job search industry. According to a memo from the CEO, these changes reflect AI's transformative impact on the world, necessitating adjustments in traditional job hiring platforms. This move highlights the evolving nature of employment services in response to artificial intelligence advancements.

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Tech’s new normal: Microcuts over growth at all costs

Livemint

Livemint · 1y ago

Tech’s new normal: Microcuts over growth at all costs

Tech companies like Amazon, Google, Microsoft, and Meta Platforms are making small-scale job cuts to focus on efficiency and maximizing resources, despite their businesses and stock prices rebounding. This marks a shift in the industry's approach, with a greater emphasis on shareholder value and healthy margins. These companies are reallocating resources to areas such as AI projects rather than hiring new employees. The use of AI in decision-making processes, including hiring, is also increasing. The tech industry is transitioning to a new normal of doing more with less.

67% startup employees prefer moving to established firms: CIEL HR survey

Economic Times

Economic Times · 1y ago

67% startup employees prefer moving to established firms: CIEL HR survey

According to a survey by Ciel HR Services, a funding slowdown, job uncertainty, and layoffs in the startup sector are leading employees to seek opportunities in established traditional companies. The survey revealed that 67% of respondents are open to transitioning to established firms due to concerns about job security, better pay, and work-life balance. Attrition remains a challenge for startups with an average median tenure of 2.3 years. However, the survey also indicated that 65% of startups plan to increase hiring in the next six months. The most in-demand roles are in software development and sales.

Big Tech continues to hire in India even as local majors downsize - The Economic Times

Economic Times

Economic Times · 20d ago

Big Tech continues to hire in India even as local majors downsize - The Economic Times

Big Tech companies like Meta, Amazon, and Google are expanding their workforce in India despite global layoffs, posting a 16% increase in headcount over the past year. This growth is driven by the demand for AI, cloud, and cybersecurity skills. In contrast, Indian IT firms are reducing staff due to skills mismatches. While layoffs are prevalent globally, India is less affected, with hiring focusing on specialized roles and high-end work through global capability centers.

Freshworks repurposing staff as AI automates low-value tasks, says CEO

Livemint

Livemint · 25d ago

Freshworks repurposing staff as AI automates low-value tasks, says CEO

Freshworks Inc., an India-born SaaS company, is shifting its hiring strategy to focus on engineers with specialized skills as AI automates low-value tasks. CEO Dennis Woodside indicates this change aims to adapt to the growing client adoption of AI tools and services. The company plans to maintain hiring levels, targeting higher-value employees over entry-level engineers. Despite automation, large-scale layoffs are not anticipated due to the increased adoption of AI by clients.

Goodbye, $165,000 tech jobs, student coders seek work at Chipotle - The Economic Times

Economic Times

Economic Times · 14d ago

Goodbye, $165,000 tech jobs, student coders seek work at Chipotle - The Economic Times

The once-promising career path of computer science is facing challenges as tech layoffs and AI tools reduce job opportunities. Enrollment in computer science soared due to high salaries and perks, but AI tools and job cuts at major tech companies have dimmed prospects. Unemployment rates for recent computer science and engineering graduates are notably higher than for other fields, shifting focus to AI training. Initiatives are now emphasizing AI education to adapt to industry changes.

Indeed says White-Collar hiring surged by 8% despite market challenges

IndianStartupNews

IndianStartupNews · 1y ago

Indeed says White-Collar hiring surged by 8% despite market challenges

In Q2 2023, India's white-collar job market saw an 8% increase in hiring despite economic uncertainties and layoffs. The IT sector was the most sought-after area, accounting for 18% of job opportunities, followed by production/manufacturing (17%), sales (15%), and marketing (13%). Employers not only seek technical skills but also soft skills like communication and problem-solving. Fresh graduates still face challenges due to limited opportunities and evolving skill requirements. Layoffs affected 62% of surveyed employees. Regional variations exist, with emerging tech hubs like Hyderabad and Pune showing increased demand for fresh talent.

Tech layoffs are way down from last year. Why does it feel so grim?

Business Insider

Business Insider · 1y ago

Tech layoffs are way down from last year. Why does it feel so grim?

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.

Startup hiring from campuses to hit the slow lane this year

Economic Times

Economic Times · 1y ago

Startup hiring from campuses to hit the slow lane this year

Leading startups and ecommerce companies in India are expected to significantly reduce campus hiring from the Class of 2024 due to a lack of visibility caused by a funding crunch and layoffs. Recruiting managers and investors predict a 35% decline in campus hiring by startups in 2023 compared to last year. The belt-tightening measures taken by companies are narrowing their hiring funnel.

Zoho freezes hiring in engineering roles

Inshorts · 2y ago

Zoho freezes hiring in engineering roles

Zoho has paused hiring for engineering positions due to prevailing global challenges. However, the company is committed to avoiding layoffs during this period. Praval Singh, Zoho's VP of Marketing & Customer Experience, explained that selective job openings will still be available in customer-facing roles such as sales, marketing, and customer support to ensure effective customer service.

These 61 robotics companies are hiring

TechCrunch · 1y ago

These 61 robotics companies are hiring

In the field of Robotics and AI, there are numerous job opportunities available across various sectors. Despite industry-wide layoffs, the demand for robotics and AI experts remains high. Over 60 companies, ranging from mail sorting to surgical robotics to space exploration, are currently hiring. This extensive list provides plenty of options for those who have lost their jobs, recent graduates, or individuals seeking a fresh start. Some notable companies with open positions include Aurora, Covariant, Exotec, Motional, and Symbotic.

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