New Delhi [India], January 30: With over 4.25 lakh tech employees losing jobs in 2023, and more than 36,000 employees being sacked in India alone. The layoff landscape paints a stark picture, with tech companies worldwide firing over 425,000 employees in the last two years. Startups, once sy
China's slow economy, high unemployment rate and the wave of corporate layoffs have become major decision drivers in the younger generation's lives that they continue postponing major life decisions and contribute to a record-low marriage rate.
The bull run in the Indian housing market continued in the second quarter of 2023 despite spiralling home loan rates in the recent past and global economic headwinds, including layoffs by some large and small corporates.
According to the most recent data from China's National Bureau of Statistics, the urban youth unemployment rate reached 20 per cent in April 2023 for the first time since statistics became available in January 2018, according to Greek City Times.
New Delhi [India], April 28 (ANI/SRV): While the ongoing funding winter has forced most ed-tech startups to either cut down on expenses by a series of layoffs or complete shutdown, a few other startups like Nlytn Learning Systems are pushing the boundaries with sustainable growth on the back
The e-commerce giant on Thursday reported a profit of USD 3.2 billion for the first quarter, far exceeding analysts' estimates, CNN Business reported on Friday.
The pause in interest rates by the Reserve Bank of India (RBI) is positive for the real estate market, which faced headwinds amid layoffs by large corporates globally, said real estate consultancy firm Anarock.
Fast-food chain McDonald's is temporarily closing its US offices as it prepares to inform corporate employees about its layoffs as part of its restructuring, Reuters reported citing a Wall Street Journal report.
As mass layoffs continue to remain prevalent globally, another IT firm Accenture has planned to slash at least 19, 000 jobs worldwide due to an economic crunch, CNN reported.
The latest layoffs, announced on Tuesday, come after Meta said in November that it was eliminating approximately 13% of its workforce, or 11,000 jobs, in the single largest round of cuts in the company's history, CNN reported.