TECHNOLOGY
As layoffs continue in IT sector, message of hope from experts
HR professionals say that losing a job is not the end of the world and it's time for upskilling. They concede that it can be difficult for an employee. A senior HR head of a reputed IT company said that the department is flooded with questions by the employees. Special sessions are organized by IT companies to give a clear picture of the situation and interaction programmes are also held with employees regularly.
70-plus Indian startups show exit door to 21K techies, lamore pink slips coming
In India, more than 21,000 employees have been laid off by more than 70 startups to day, including from unicorns like BYJU'S, Ola, MPL, Innovaccer, Unacademy, Vedantu, Cars24, OYO, Meesho, Udaan and many more. The edtech sector has laid off the most employees, with 16 edtech startups laying off more than 8,000 employees to date.
US tech giants continue with layoffs despite improving economy
The tech giant cut 12,000 employees from its global workforce last week, joining the continuing spate of layoffs by tech firms. Mark Zuckerberg sounded equally contrite last November when Meta fired more than 11,000 employees.
A story of shattered hope behind every pink slip: Look up LinkedIn
Shilpi Soni, a software engineer from India, was among those who lost her job at Goldman Sachs, which laid off around 3,200 employees. Impacted by the layoff, Soni took to LinkedIn and shared her situation and how she managed to land a job in the US despite coming from a rural family in India.
219 tech firms sack over 68K employees in Jan, deeper layoffs coming
As per the data by layoffs tracking site Layoffs.fyi, 219 companies have laid off more than 68,000 employees in January so far. In 2022, over 1,000 companies laid off 154,336 workers, as per the data by layoffs tracking site Layoffs.fyi. The mass tech layoffs of 2022 are continuing into the new year. The sacking episodes have gained speed amid global economic meltdown and recession fears.
What Big Tech companies are saying to justify mass layoffS
Here is what these top tech firms say about firing employees: Meta (11,000 job cuts) "At the start of Covid, the world rapidly moved online and the surge of e-commerce led to outsized revenue growth. Many people predicted this would be a permanent acceleration that would continue even after the pandemic ended. I did too, so I made the decision to significantly increase our investments.
Apple may limit Wi-Fi 6E network to iPhone 15 Pro models
Apple leaker Unknownz21 (@URedditor) shared a document which featured diagrams of the iPhone 15's antenna architecture, reports MacRumors. In the document, the iPhone 15 Pro model was labelled as 'D8x' and indicated that the faster Wi-Fi 6E will be restricted to the iPhone 15 Pro and iPhone 15 Pro Max models.
US probes Elon Musk for Tesla self-driving claims
The SEC probe is to determine if the electric car-maker flouted its rules in promoting its full-self driving (FSD) and Autopilot software, reports The Verge. Musk in November last year said the Tesla FSD beta is available to anyone in North America.
Twitter removes option to send direct message on Android, iOS
The "DM" button, which usually appears next to the follow and notification buttons, has disappeared without any replacement, reported 9To5Google. This seems to be the situation for all Twitter accounts and is probably just a small bug. It is difficult to figure out whether this was done on purpose by the platform given the way the service is now run.
Give incentives for sectors impacted by economic meltdown in budget: IT leaders
"However, some of the smaller tariffs should be done away with to support local businesses and bring ease of doing business. ICEA recommends that the tariff of 2.75 per cent (including social welfare surcharge), among other smaller tariffs which have no beneficial impact and only create a burden for legitimate manufacturers, is removed," Mohindroo said in a statement.
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