๐จ AI will reduce banking jobs by 200,000 in the next 5 years. (Bloomberg)
Global banks are expected to reduce their workforce by nearly 3% annually.
BSNL is planning a second Voluntary Retirement Scheme (VRS) to cut its workforce by 18,000-19,000 and ease financial pressures.
The proposal, seeking โน1,500 crore for implementation, has been submitted to the Department of Telecommunications (DoT)
Indian low is fooling the poor while big companies like Reliance Industries Ltd. reduce their workforce by 11% in FY24, despite being profitable. Meanwhile, the unemployment rate is at 9.2%.
0 replies4 likes
Ashish Agarwal
Stealthย โขย 13d
Air India can save approximately $12.57 million annually by removing IFE (In flight entertainment) systems from its wide-body economy class seats. By eliminating 33,500 kg of weight across its 67 aircraft, they reduce fuel usage by 67,000 kg per year
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1 replies20 likes
Sameer Singh
Stealthย โขย 3m
In India, approximately 4,80,000 road accidents occur every year, resulting in around 1,72,000 deaths. Out of these, nearly 68% of deaths are caused by overspeeding.
What measures can be taken to prevent and reduce road accidents?
Transforming Digital Banking: Unlocking Customer Engagement!
In today's fast-paced financial landscape, digital transformation is essential for banks to thrive. This article dives deep into the pressing challenges FIs face, from stagnant customer e
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0 replies1 like
TREND talks
Stealthย โขย 2m
๐ค More than 10% of the workforce in South Korea are robots. The country has become a world leader in the robotization of factories. For every 10,000 employees, there are 1,012 industrial robots, and their number is growing by an average of 5% annual
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1 replies16 likes
Piyush Kumar
Stealthย โขย 10m
80-90% of India is employed by Unorganised Market.
Mostly people who are self employed like:
- Real estate agents
- Farmers
- Insurance advisors
- Delivery agents
- Cab drivers
- Auto drivers
- Labours
- Small shopkeeper
- Small stall owner
- Fruit
Siemens to Restructure Workforce, Plans to Reduce Up to 5,000 Jobs
Siemens to Cut Thousands of Jobs Amid Profit Decline
German tech giant Siemens is set to cut up to 5,000 jobs in its factory automation division. This decision comes after a signifi
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5 replies3 likes
Jayant Mundhra
ย โขย
Dexter Capital Advisorsย โขย 8m
Imagine a bank hiring 500 people, and laying off way more than that next year ๐๐
Itโs very very uncommon. And yet here we are!
..
What has happened?
-> YES BANK has laid off about 500 people with a three-month severance pay, and more layoffs mi
Global Service Industry has a total TAM of nearly $14 Trillion, and it's expected to grow with 21% CAGR by the year 2033.
India ๐ฎ๐ณ
Export: $105 Billion
Import: $170 Billion
You either yourself problems,
Or you help people solve problems.
Endles