Stay updated with breaking news from It Layoffs. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Employers now have the advantage of attracting high-quality candidates at a reduced cost due to a larger pool of applicants and increased options
The Indian Staffing Federation, a body of 120 recruitment agencies which provided about 60,000 outsourced workers, said nearly 6 per cent or about 3,600 of these workers lost jobs in the March quarter, reported Reuters.
A JP Morgan report warned that soaring inflation, supply chain issues and the economic fallouts from the Ukraine war will bring an end to the growth boom that India's IT services saw during the pandemic.
Layoffs: LinkedIn is set to cut 716 jobs and close down its China-focused job application. LinkedIn employs around 20,000 employees, which translates the fresh job cuts to around 3.5%. Watch this Visual Story to know all about Google, Microsoft layoffs.
According to Automotive News, the company has tied the employee reductions to its pursuit of executing a long-term, cost-cutting-focused business plan it shifted to last year.