Page 8 - Hiring

TikTok to hire nearly 3,000 engineers across globe as competitors shed jobs

Chinese short-form video platform TikTok said that it would add about 3,000 engineers in locations across the world, including the US.

Larsen & Toubro hires more than 3,000 engineering trainees in FY23

Engineering and construction conglomerate Larsen & Toubro (L&T) on Monday said it has hired more than 3,000 fresh engineering trainees in the current financial year. The onboarding of over 3,000 graduate and postgraduate engineering trainees in the ongoing fiscal marks a more than three-fold rise as against 1,067 trainees last fiscal. The number of female engineers hired has more than quadrupled to 1,009 trainees in FY23 from 248 trainees in FY22, L&T said in a statement. "It is worth noting that 30 per cent of current batch of fresh engineers are women which is commendable given the fact that 75 per cent of the fresh engineers are hired from mechanical, civil and electrical streams where women candidates are less. "Currently, women employees comprise 7.6 per cent of the total workforce at L&T, and they have already successfully forayed into fields long considered to be male bastions," company's Executive Vice President & Head, Corporate Human Resource C Jayakumar .

Byju's-owned Great Learning likely to cross Rs 1,000 crore revenue in FY23

The firm is expanding in regions such as India, North America, Latin America, Africa, and Southeast Asia and is also planning to acquire various companies in these markets

Gaming industry to add 100k new jobs across domains in FY23: Report

The gaming industry is likely to add one lakh new jobs by 2022-23, across domains, including programming, testing, animation and design, according to a report. The sector is likely to grow by 20-30 per cent and add one lakh direct and indirect new jobs by FY23, TeamLease Digital said in a report - Gaming: Tomorrow's Blockbuster. Currently, the sector directly employs about 50,000 people of which 30 per cent of the workforce are programmers and developers. Over the next year, the sector will add new jobs across domains like programming (game developers, unity developers), testing (games test engineering, QA lead), animation (animators), design (motion graphic designers, virtual reality designers), artist (VFX and concept artists) and other miscellaneous roles (content writers, gaming journalists, web analyst). From a salary perspective, the highest-paying profiles in the gaming industry include game producers (Rs 10 lakh per annum), game designers (Rs 6.5 LPA), software engineers (R

Indian IT industry to hire 200,000 people in near term: Kris Gopalakrishnan

'Ups and downs' in global economy will not impact Indian industry for long, he says

Singapore still hiring tech talent amid mass layoffs at global heavyweights

Despite mass layoffs at tech firms -- from Meta and Twitter to Amazon and Shopee -- professionals are nonetheless still in demand as companies of all stripes look to develop digital capabilities. Hotspots of business activity and recruitment remain even as parts of the tech industry cool amid rising inflation and interest rates as well as the changing post-pandemic landscape, Channel News Asia on Wednesday cited analysts as saying. At Oversea-Chinese Banking Corporation (OCBC), one of the largest local banks in Singapore, some technology teams have doubled in size over the past two years, such as those in blockchain, artificial intelligence, and augmented reality. New hires came from a mix of backgrounds, including banks, tech companies, start-ups, and the government sector, said Praveen Raina, head of group operations and technology at OCBC. The bank announced in March that it was hiring 1,500 people in tech roles over the next three years in positions such as application develope

upGrad to hire over 1,400 people between Nov 2022 and March 2023

According to an official report, the company has made offers to hire people across India and global offices between November 2022 and March 2023

Where did big tech and startups go wrong on hiring?

After Twitter and Meta, Amazon is planning to lay-off a big chunk of its workforce. Reports say that it would fire close to 10,000 employees. What led to this situation? And what's the road ahead?

IT, BPM firms to see increase in hiring intent in next six months: Survey

With IT and business process management (BPM) sectors witnessing a slump in hiring in September due to margin pressures, a study has revealed that 51 per cent respondents believe that there would be an increase in hiring intent in the next six months. However, around one-third (34 per cent) respondents said there is going to be a decline in the hiring intent, while 15 per cent believe that it would be business as usual, according to the CIEL HR study. The study is based on an online survey of 10,00,000 employees working in top 50 IT/BPM companies operating in India. During the pandemic years, IT companies had hired massively to address the surge in demand driven by the wave of digital transformation across the globe, it noted. Now that the demand has subsided, the companies are 'rightsizing' again, it said. The study further revealed that the level of optimism in hiring intent was found higher among the respondents of smaller companies. On the other hand, the majority of responde

Amid layoff season, TCS to create 1,200 new jobs in US by end of 2024

More than 3,000 Illinoisans currently work for TCS - including 1,100 who were hired within the last five years

Apple pauses hiring for many roles besides R&D in escalation of cost cuts

The pause generally doesn't apply to teams working on future devices and long-term initiatives, but it affects some corporate functions and standard hardware and software engineering roles

Amazon, Strife, Lyft see hiring freezes, layoffs amid looming recession

Amazon has announced to freeze new hirings in its corporate workforce, with the global economy "in an uncertain place"

Govt-owned NaBFID plans to increase headcount to 150 by end of FY24

MD Rai says it will venture into rating banks and instruments by December

Majority of employers in services sector keen to hire in Q3: Report

A majority of employers in the services sector are keen to expand their workforce in the third quarter of this fiscal, according to a report. Around 73 per cent of employers are eager to increase their resource pool this quarter, according to TeamLease Services 'Employment Outlook Report for Q3 (October to December 2022) for the services sector. The 'TeamLease Employment Outlook Report' is based on a survey of 579 service companies in 14 cities across the country. The report further stated that in the services segment, the key sectors expressing a higher intent are information technology (96 per cent), educational services (95 per cent), e-commerce and allied start-ups (92 per cent), telecommunications (90 per cent), retail (79 per cent), financial services (78 per cent) and logistics (75 per cent). As the demand for services has increased post the pandemic, large firms (79 per cent), medium-sized firms (45 per cent) and small firms (57 per cent) have all mustered a strong hiring .

Three-fourth employers in services sector willing to hire: TeamLease

The hiring boom in India's services sector is likely to continue in the third quarter, with 73 per cent of employers willing to increase their resource pool

66% CEOs in India expect recession in 2023; layoffs on the cards

Eighty-six per cent CEOs in India, compared to 71 per cent CEOs globally, predict that a recession will impact company earnings by up to 10 per cent over the next 12 months.

Attrition to continue to spike even as IT biggies reduce hiring: Experts

HR experts also point that pre-pandemic industry attrition was in the range of 12-13 per cent, to come back to that level is going to take some time.

Employers likely to engage more apprentices in 2nd half of this yr: Report

A significant percentage of employers are likely to increase their apprentice pool in the second half of 2022, as companies look at leveraging apprenticeships as the key source of talent, says a report. According to the Apprenticeship Outlook Report for H2 (July-December 2022) by TeamLease Degree Apprenticeship, 77 per cent of employers are likely to increase their apprentice pool in H2 2022, which was 45 per cent in H2 2021. The Apprenticeship Outlook Report is based on a survey among 789 employers covering 12 cities and 24 sectors capturing the appointment sentiment for the period HY (July to December) 2022. The report further revealed that out of 24 sectors, employers across 12 sectors have improved their Net Apprenticeship Outlook (NAO) by 10 per cent or more for the time period. The electrical and electronics sector tops the list, followed by aerospace & aviation and engineering & industrial, which are driving talent demand in the form of apprentices, it said. In ...

HCL Tech to hire 1,300 people in Mexico over next 2 yrs, to open 6th centre

IT company HCL Technologies plans to hire 1,300 people in Mexico over the next two years, according to a statement. The move is expected to strengthen its current employee base of 2,400 people in that country. HCL Tech outlined its expansion plans in Mexico at its 14-year anniversary celebration at Guadalajara, in Mexico and said "the company expects to hire 1,300 people in the next two years". The IT firm will also be opening its sixth technology center in Guadalajara. The new center will significantly expand its presence to serve its growing local and international client base across industries and will focus on creating next-generation digital solutions. "In line with the company's hybrid operating model, the center will embrace an agile workplace," the statement said. The company recently announced a digital transformation partnership with Cemex, a global construction materials company and an integrated IT Services partnership with Neoris, a leading global digital accelerator

Joining delayed? Blame sudden global slowdown, overhiring in FY22

Industry analysts add companies hired in a big way in FY21. With a sudden global slowdown they will go slow and it is evident in the hiring targets for FY22