đš 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.
This is exactly what weâre solving at KrewsUp!
With 300+ events/day, 10 gigs/event, and 10M+ jobs added annually, weâre on a mission to organize Indiaâs unorganized event workforce đȘđŻ
3 replies7 likes
Bharat Yadav
Betterment, Harmony ... âąÂ 2m
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 âč1,500 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
Mahendra Lochhab
Content creator âąÂ 12d
India's travel and tourism industry is a major economic driver, contributing significantly to GDP and employment, with a projected growth of 7.1% annually. It's expected to reach US$125 billion by FY27.
3 replies10 likes
Pradeep Chaudhary
Co-founder & Product âąÂ 13d
đšAmazonâs Workforce Shift: Efficiency vs. Humanity?đš
Amazon plans to cut 14,000 managerial roles by early 2025 (13% of its global management workforce), reducing headcount from 105,770 to 91,936. This restructuring aims to save $2.1Bâ$3.6B annua
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0 replies3 likes
Ashish Agarwal
building Tencha - a ... âąÂ 1m
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
Hey I am on Medial âąÂ 4m
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?
Japan's Service Robot Market to Triple by 2030 đ€
Japan's service robot industry is on track to nearly triple in size by 2030, reaching an estimated „400 billion ($2.7 billion).
This rapid growth is driven by businesses turning to automation to tac
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0 replies3 likes
Surya
Product âąÂ 5m
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
Jayant Mundhra
 âąÂ
Dexter Capital Advisors âąÂ 9m
Imagine a bank hiring 500 people, and laying off way more than that next year đđ
Itâs 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