In a wave of resignations, at least 15000 employees have quit Axis Bank in the past few months. The maximum number of resignations came from mid-level to branch level executives. People familiar with the development said that the resignations are because of the new growth drive which employees were struggling to cope up with. According…
Citigroup Inc. is planning to hire 2500 IT professionals this year to augment up its team of traders and investment bankers, coders and data scientists in an attempt to technologically reshape the business. As per a Bloomberg report, the new roles will be for locations across the globe like London, New York, Shanghai, Toronto, Dublin,…
Bosch, a German multinational engineering and technology company, is likely to lay off a couple of thousand jobs in India in the next four years. The layoffs include about 10 percent of 3,700 white-collar jobs and a slightly higher percentage of 6,300 blue-collar jobs will be shed. In a statement, Soumitra Bhattacharya, India Managing Director,…
Studypad, the popular game-based learning company with over 30 million users globally, announced that they have brought Ashish Dua on board as Vice President of Product Management. The company was founded by Arpit Jain in 2010. Arpit Jain, CEO and co-founder of Studypad, said, “We are confident that Ashish’s proven track record and extensive experience…
Cognizant has decided to lay off about 350 people as the company seeks to bring down costs and turn the focus more on digital from traditional technology services. The layoffs will be done from mid-to-senior level positions globally. As per a company spokesperson, these employees are aged between 50-55 years, most of whom are based…
Global tech and internet giant Google plans to hire 3,800 full-time customer care support in the year 2020 at various sites, including in India. These executives will be responsible for customer care support 24/7. The development comes after 10 US Senators in August called on Google to provide contractual employees full-time employment after they’ve worked…
Razorpay is planning to hire 400 professionals for the year 2020. The company will also expand its workforce by more than 65 percent. Recently, Arpit Chug was appointed as the CFO to strengthen its leadership team. Moreover, it has acquired payroll management company Opfin. In a statement, Harshil Mathur, CEO, Razorpay shared, “As we are…
OYO, the world’s third-largest, and the fastest growing hospitality chain of leased and franchised hotels, homes & living spaces, is likely to lay off up to 2,000 staff by February 2020 (Ref: ET) . The layoffs include sales, supply and operations employees. The layoffs are understood to be a part of the company’s measures to…
It’s raining jobs in IITs this year with students receiving placement offers from across the globe. Over 4000 job offers have been made so far with core engineering profiles receiving maximum number of placements. The core sector includes companies that work on main engineering disciplines such as mechanical, civil, computer science. Apart from that, job…
STL, a global data networks innovator, has signed a Memorandum of Understanding (MoU) with Indian Institute of Technology Madras, for sponsoring a Chair Professorship in 5G . Under this MoU, STL and IIT Madras will partner for research and advancements in 5G communications technology. The Chair Occupant will be a full-time institute faculty and will…
On Tuesday, Intel opened its new engineering and entrepreneurship center in Hyderabad after one in Bangalore.
Intel, one of the largest semiconductor chip manufacturers in the world, has plans to hire more than 1,000 people at its new facility in Hyderabad to foster entrepreneurship and a research mindset, as per an Intel statement to media recently. Intel’s Hyderabad facility is spreading over 3 lakh sq. feet, currently employing 400 people. The…
Ola, the leading ride hailing company, is looking at an IPO in next 18-24 months. The company has been focusing on profitability prior to its IPO. It is learnt that the company has initiated a restructuring exercise. As per a PTI report citing a company spokesperson – the restructuring is aimed at becoming “more nimble…
Schneider Electric, a French multinational corporation, has opened a new factory in Bengaluru. As per the Schneider Electric statement, this new factory will employ around 700 people. Earlier this month, the company had opened its first Smart Distribution Center in Mumbai. In a statement, the company said, “Schneider Electric announces the launch of its factory in…
Ability Foundation is planning to organize ‘EmployABILITY 2019’, its trend-setting job opportunities fair for candidates with disabilities on 17th December in Chennai. The fair serves as a platform to connect employers and qualified candidates with disabilities under one roof. Ability foundation has been organizing job fairs under its tag ‘EmployABILITY’ since 2004. The foundation states…