Page 2 - Tech Sector

Amid layoffs, techies looking for ways to get more 'secure' jobs: Report

Global tech companies have laid off around 70,000 employees in the last one year

About 3,000 tech employees being fired a day on average in Jan: Report

Google's parent company Alphabet announced to lay off 12,000 employees, or about 6 per cent of its workforce

New Year heralds record tech layoffs, all eyes now on quarterly results

New Year started on a super bad note for tech employees as e-commerce giant Amazon and enterprise-software company Salesforce together announced to lay off more than 25,000 workers

For tech industry, 2022 was a year of mass layoffs; 2023 likely to be worse

The tech layoffs this year have exceeded the job cuts the sector faced globally during the financial crisis of 2008-2009 triggered by the Lehman Brothers' collapse

Most fired tech workers landing new jobs in three months, says report

Nearly four in 10 previously laid off tech workers found jobs less than a month after they began searching, the survey found

Not afraid of recession, demand for automation will go up: Verint CEO

Dan Bodner, Verint founder and CEO said that India has been amongst the top two contributors to the Asia-Pacific revenue of the New York-based analytics company and will continue to expand

TMS Ep334: Indian tech sector, Indian workers in Gulf, markets, Covid BF.7

What does 2022 foretell for the Indian tech sector? Why do Indian workers go to Gulf? Will the Sensex dip to 57,000 before jumping to 75,000? What is Covid Omicron BF.7? Answers here

What does 2022 foretell for the Indian tech sector in 2023?

Year 2022 was an inflection point for Digital India. From Big Tech to the govt, India's digitisation drive has received a fillip in innovation and regulation. We examine the source code in this report

Bucking the trend, IT companies in India to increase hiring in 2023: Survey

India is going to be an overall employment gainer in 2023 due to a stable geographical, economic and political foundation: Randstad

HireQuotient bags investment from Flipkart co-founder Binny Bansal

This comes after the company raised $1.8 million in pre-series A funding last year from Sumant Sinha of ReNew Power, Mohan Lakhamraju of Great Learning, Sujeet Kumar of Udaan; and Kunal Shah of CRED

Tencent to hand $20 billion Meituan stake to shareholders as sales slip

Meituan said it would maintain its mutually beneficial business relationship with Tencent after the divestment, which comes as the Shenzhen-based tech giant shuts some unprofitable businesses

India has democratised technology to fight poverty, says PM Modi

New demographic joining information superhighway, he says at Bengaluru Tech Summit

SoftBank Vision Fund loses $7.2 billion on back of tech writedowns

The Vision Fund segment lost 1.02 trillion yen in July-September, following a 2.33 trillion yen loss in the June quarter. Overall, the Japanese conglomerate logged net income of 3.03 trn in last qtr

Germany blocks Chinese-owned firm's chip factory 85 mn euro deal

The German government on Wednesday blocked the sale of a chip factory to a Swedish subsidiary of a Chinese company, a decision that comes as Berlin grapples with its future approach to Beijing. The move by the Cabinet follows a recent compromise over a Chinese shipping firm's investment in a German container terminal and a visit to Beijing last week by Chancellor Olaf Scholz. The blocked sale was anticipated after German company Elmos said this week that it had been informed the sale of its chip factory in Dortmund to Silex Microsystems AB of Sweden would likely be prohibited. Silex is owned by Sai Microelectronics of China, according to German media. The planned 85 million-euro (dollar) sale was announced in December. Although the proposed deal wasn't very significant financially and the technology involved apparently wasn't new, it had raised concerns over the wisdom of putting German IT production capacity in Chinese hands. Western governments are increasingly wary about China'

All eyes on Buffett, Son India stakes as Rs 1.15-trillion lock-ups end

While high-profile tech IPOs have met with strong demand from the growing herd of retail investors, market pros have been more neutral on the stocks

Paytm, Nykaa among tech stocks under watch as lock-in period ends

Lock-ups end in November for four consumer-focused tech stocks, which have all slumped in the past month

Mystery of Indian-born foreign stars

Should we not be creating roles in India for the talented?

China continues to 'lie, cheat, and steal' to dominate tech: FBI Director

Calling out the Chinese government's disregard for the rule of law, fair business practices, FBI Director Christopher Wray said China continues to 'lie, cheat, and steal' in a bid for tech dominance

Wall Street extends declines on recession worries; Dow falls over 300 pts

Tech, consumer discretionary pare back gains; casino stocks jump as Macau allows tour groups after nearly 3 years

Firms should not pin down staff: MoS IT Chandrasekhar on moonlighting

He added the days when employees signed up with big tech majors and spent their lives on the job were long gone