🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Job hiring websites are doing layoffs due to AI.

The Verge

The Verge · 24d 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.

1

Related News

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 · 15h 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 · 5d 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.

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.

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.

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.

US planned layoffs drop again in October, recruitment firm Challenger says

Economic Times

Economic Times · 9m ago

US planned layoffs drop again in October, recruitment firm Challenger says

US layoff announcements fell in October to a three-month low, indicating a strong job market ahead of the presidential election. Challenger, Gray and Christmas reported that companies announced 55,597 layoffs, down 23.7% from September. The aerospace industry accounted for a significant portion of the layoffs, with Boeing alone cutting around 17,000 jobs due to an ongoing strike. Overall, the number of staff reductions in 2023 has increased by 3.7% compared to the same period last year. The upcoming election results seem to be affecting companies' hiring decisions, leading to a holding pattern in the job market.

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...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

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.