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Salesforce's new data and AI hires are coming from areas of the country with 'high talent pools, low cost of living'
Business Insider
·
1y ago
Medial
Salesforce has seen an increase in its employee count, reporting 72,682 employees as of January 31, up from 70,843 in the previous quarter. The company plans to hire more people as it shifts its focus to artificial intelligence. In 2023, Salesforce laid off around 8,000 employees as part of a restructuring effort. The new hires are being made in a cost-effective manner, targeting areas with high talent pools and lower cost of living. This strategy is similar to that of Oracle, where Salesforce CEO Marc Benioff started his career.
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Tech salaries in US decline amid record inflation, market turbulence
Economic Times
·
1y ago
Medial
According to a report by AI-driven marketplace Hired, tech salaries in the US have experienced a significant year-over-year decline of 3%. In contrast, salaries in the UK have seen a 4% increase. With the rise of generative AI and tightening corporate budgets, junior talent has experienced the most significant decrease in salaries. Employers have decreased open roles in high-cost-of-living markets and increased roles in low-cost-of-living markets. The demand for experienced engineers with problem-solving skills is high due to the introduction of AI tools and increased cybersecurity challenges.
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I left Silicon Valley for Europe. Here's why I chose to launch my startup in Berlin.
Business Insider
·
9m ago
Medial
Ivan Maryasin, founder of Monite, moved from Silicon Valley to Berlin to launch his startup. He found building a business in the US expensive due to high costs. Ivan chose Berlin because of its rising tech scene, availability of local funding, and English-speaking environment. The lower cost of living in Berlin and its connectivity to the rest of Europe were additional advantages. However, Ivan mentioned challenges in finding US-level talent in Europe and the more risk-averse European investment ecosystem. While he enjoys living in Europe, he hasn't ruled out the possibility of returning to the US if required.
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Imarticus Learning looks to expand into US, Middle East, Singapore
Economic Times
·
1y ago
Medial
Edtech firm Imarticus Learning plans to expand into the Middle East, North Africa, Singapore, and the United States, targeting new talent pools in emerging technologies, finance, analytics, and management. The company is also aiming to reach tier-2 cities in India and increase accessibility to high-quality education. Imarticus Learning is experiencing demand for courses in data science, leadership, management, and fintech as professionals seek to upskill themselves. The company aims to increase its learner base and business operations significantly by 2025 and launch over 40 executive education programs in partnership with renowned institutes.
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Small cities, towns to drive next round of GCC expansion
Economic Times
·
8m ago
Medial
The expansion of Global Capability Centers (GCCs) in non-metro locations is set to be a significant trend in India in the coming years. Tier-2 and tier-3 cities are expected to experience a growth rate of 15-20% by 2025. This growth can be attributed to factors such as a growing tech talent pool, favorable government policies, operational efficiencies, and lower costs of living. Ahmedabad, Kochi, Coimbatore, and Chandigarh are among the cities expected to benefit from this expansion. These locations offer a lower cost of living, enhanced quality of life, and a less competitive talent market. Non-metro cities already house over a million tech professionals, particularly in fields like AI, cybersecurity, and big data. The GCC industry in India currently employs over 1.9 million people and is expected to hire over 2.2 million by 2026. In order to promote the setting up of GCCs in smaller cities and towns, the Indian government is working on a policy to provide incentives. Challenges that need to be addressed in non-metro locations include infrastructure and connectivity limitations. However, as the infrastructure improves, these cities have the potential to become strategic GCC hubs.
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India’s considering aircraft graveyards for retired jets. Or for cheaper parking
Livemint
·
1y ago
Medial
The Airports Authority of India is considering the development of aircraft boneyards in the country to provide a low-cost parking option for planes that are not in commission. The authority has completed a preliminary assessment of potential areas for the establishment of aircraft boneyards, including airports, airstrips, and special economic zones, but it is unclear if the government intends to move forward with the proposal. Such facilities could alleviate the cost of parking for airlines and free up space at congested airports. However, the commercial viability of aircraft boneyards in India remains uncertain.
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India grants licence to Musk's Starlink
Economic Times
·
1m ago
Medial
India has granted a license to Elon Musk's Starlink, enabling satellite internet service access across the country. This move is hailed as India's "next frontier of connectivity" by the communications minister. SpaceX's Starlink facilitates high-speed internet for remote areas through low Earth orbit satellites. The introduction has sparked debates over pricing and spectrum allocation, with communications minister Jyotiraditya Scindia endorsing it after discussions with SpaceX's COO, Gwynne Shotwell.
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Tata Power-DDL collaborates with Japanese firm to install India's first micro substation
Economic Times
·
1m ago
Medial
Tata Power-DDL, in collaboration with Japan’s Nissin Electric, launched India's first micro substation equipped with a Power Voltage Transformer (PVT) in New Delhi. This technology enables the direct conversion of high-voltage to low-voltage power, aimed at providing cost-effective and reliable power in challenging terrains and urban areas. This initiative is part of an International Demonstration Project supported by Japan's New Energy and Industrial Technology Development Organization (NEDO).
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Widening gap between income and housing rents makes life tough for salaried Indians
Money Control
·
1y ago
Medial
Rising rentals in Bengaluru, especially in areas near tech parks and office complexes, are causing a cost of living crisis as salaries struggle to keep up. As companies resume office work, an influx of migrants has increased rental demand, leading to a supply crunch. Rentals in Bengaluru are now comparable to prime locations in Mumbai, with some areas commanding rents of up to INR 2 lakhs. Similar situations are observed in other metropolitan cities like Delhi-NCR. The rising cost of rentals is making it increasingly challenging for millennials and Gen Z to find affordable housing.
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88% of India’s workforce in low-competency occupations: IFC Report
Economic Times
·
1m ago
Medial
The Institute for Competitiveness (IFC) reports that 88% of India's workforce is in low-competency sectors, with only a small percentage receiving vocational training. Five sectors—IT and ITeS, textiles, electronics, healthcare, and beauty—dominate vocational training. The report highlights the urgent need for targeted policy interventions to enhance skills education, recommending the establishment of a standardized data collection system and encouraging industries to hire from skill-certified pools to bridge the skill gap and align with industry demands.
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Startup culture: Here’s why Mumbai is losing out to Bengaluru and Delhi
Internet
·
1y ago
Medial
Mumbai is losing its appeal to startup founders due to high living costs, poor infrastructure, and difficulty in building communities. Despite its advantages and being home to 20 unicorns, challenges like attracting talent and creating a livable environment persist. Founders suggest government intervention to develop affordable startup zones to retain and attract businesses .
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