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Schindler to increase Indian workforce to 10,000
Schindler, a Swiss elevator manufacturer, intends to increase its workforce in India from 6,000 to 10,000 employees, aligning itself with the size of its workforce in China. To support this expansion, the company may establish more training centers in addition to the three it currently operates in India. Schindler’s move is driven by India’s rapid urbanization and growing middle class, which create favorable conditions for elevator manufacturers. This demonstrates the company’s confidence in the sustained market growth in India. Additionally, Schindler’s focus on India reflects a broader trend of companies redirecting their attention to stable and promising regions due to economic challenges in China. Schindler, founded in Switzerland in 1874, is renowned for its in...
Tech Mahindra adds 2,165 employees in the first quarter of FY25 including 1000 freshers
Tech Mahindra adds 2,165 employees in the first quarter of FY25 including 1000 freshers
Manchester United faces massive layoffs as the club undergoes an overhaul
Manchester United faces massive layoffs as the club undergoes an overhaul
Government staff count has grown for the first time since FY19, and spending per head is also on the rise
Government staff count has grown for the first time since FY19, and spending per head is also on the rise
Humble Games team has reportedly been laid off due to restructuring
Humble Games team has reportedly been laid off due to restructuring
Pierer Pierer Mobility announces job cuts as sales drop
Pierer Pierer Mobility announces job cuts as sales drop
Air India’s top management to be with Vistara post-merger
In a strategic move to ensure continuity, the Tata Group is set to maintain the current top management of Air India following its merger with Vistara. According to media reports, all senior executives of Air India will retain their positions post-merger. This indicates that Campbell Wilson will continue as CEO, with Nipun Aggarwal as chief commercial and transformation Officer, and Sanjay Sharma as chief financial officer. While most Vistara employees will transition to the merged company, some positions may be eliminated due to redundancies, as Air India has already staffed those roles. At Vistara, Vinod Kannan will return as CEO to Singapore Airlines (SIA), his parent company, after his secondment to Vistara since 2019. Under the joint venture agreement, SIA had the right to appoint the ...
Tredence aims to double its workforce to 4,000 employees by mid-2025.
Tredence, a data science and AI solutions provider, is experiencing rapid growth, with India playing a pivotal role in its expansion strategy. The company has recently announced its plans to nearly double its workforce by mid-2025. As part of this strategy, Tredence aims to build a strong talent pool in India by hiring over 1,500 new employees, bringing the total workforce in the country to 4,000. This represents a significant 60% increase from its current strength of 2,500 employees. The new hires will encompass a wide range of roles within the data science and AI fields. In addition to core functions such as data science, data engineering, and data analytics, Tredence is prioritizing emerging areas such as machine learning operations (MLOps), large language model operations (LLMOps), gen...
Salesforce reduces 300 jobs globally
Salesforce, a cloud-based software solutions provider, has reduced its workforce by up to 300 employees in July 2024 as part of its efforts to streamline operations, optimize its structure, and drive growth. The company did not specify which jobs or regions were affected. It’s interesting to note that Salesforce has experienced significant growth in Africa, particularly in South Africa and Morocco, where AI investments have yielded substantial returns. The company’s expansion in Africa is supported by strategic partnerships with firms such as Amazon’s cloud marketplace and collaborations with MTN, Vodacom, and Standard Bank. As of January 2024, Salesforce had 72,682 employees. Earlier this year, the company cut about 700 roles after a 10% reduction in the workforce at the...
Karnataka Plans New Bill For Techies: 14 Work Hours A Day, 70 Per Week
Karnataka Plans New Bill For Techies: 14 Work Hours A Day, 70 Per Week
Sanofi plans to double its staff by 2026.
Sanofi plans to double its staff by 2026.
Infosys plans to hire 15,000-20,000 new graduates in FY 2024-2025.
Infosys recently announced that it plans to hire 15,000 to 20,000 fresh college graduates in the financial year 2024-2025, despite a challenging job market. The company has shifted to an agile hiring strategy, which includes both on- and off-campus recruitment. Although there was a drop of 2,000 in headcount, the company noted that it has little headroom left due to its current employee utilization rate of 85 percent, indicating that most of its workforce is actively engaged in projects. However, it also anticipates growth and plans to resume hiring to meet increasing demands. In the previous financial year 2023-2024, Infosys significantly reduced its hiring, bringing on 76 percent fewer fresh graduates. Compared to this, Tata Consultancy Services (TCS) is set to hire nearly 40,000 fresh g...