Former Infosys CFO and multi-sector investor T V Mohandas Pai has said India does not face a job problem, but one of wages, as a lot of low paid jobs being created do not find favour with degree holders.
Amazon Game Studios has allowed the affected employees 60 days to look for new positions within Amazon, according to one person who was laid off. If they fail to find employment within that period, they would receive severance packages, the Kotaku reported on Friday.
IT major Wipro Thursday said it is setting up a new centre of excellence in the Minneapolis-St Paul region in the US, and the move is expected to add 100 local jobs over the next two years.
With India's job market undergoing a transition, only 13 per cent of employers across the country indicate upbeat hiring plans for the next three months, while 61 per cent anticipate no change in their payrolls, a survey said Monday.
Haryana Chief Minister Manohar Lal Khattar on Sunday said the government would initiate recruitment process for 20,000 government jobs along with improving the level of education in schools and colleges in the next 100 days.
Bahujan Samaj Party (BSP) supremo Mayawati expressed concern over the high unemployment rate in the country.
Hiring activity is likely to remain steady in 2019-20 as companies will focus on replacement hiring followed by new recruitments, providing opportunities for freshers, according to a survey.
The government on Friday said there can be nothing farther away from the truth than saying that unemployment in India is at a 45 year low.
Morgan Stanley has cut about half a dozen equity sales, trading and research jobs across Asia as part of a global cost-cutting move, people familiar with the matter told Reuters on Wednesday.