As recession fears grow, strong US hiring is likely slowing
Washington: The American job market has defied raging inflation, rising interest rates, growing recession fears. Month after month, US employers just kept adding hundreds of…
Category: Economy
3 lakh jobs to be added by March 2023 in IT-BPM sector
The IT-BPM workforce is on a trajectory to grow by 7 percent in FY2023, taking the overall headcount increasing from 5.1 million to 5.45 million,…
How GIG workers are changing the industry for the better?
The gig is the most cost-effective and efficient solution for the personnel requirements of companies in light of this ever-increasing demand for casual workers owing…
Over 32,000 tech workers fired in US, more than 11,000 in India till July
More than 32,000 tech workers have been laid off in the US till July, including at Big Tech companies like Microsoft and Meta (formerly Facebook)…
Is recession staring the US down? Already upon it? Here’s why it’s hard to say
The United States is not in a recession. Probably. Economic output, as measured by gross domestic product, fell in the first quarter of the year.…
Economy slowing, but recession not inevitable, says US Treasury Secretary
WASHINGTON: U.S. Treasury Secretary Janet Yellen said on Sunday that U.S. economic growth is slowing and she acknowledged the risk of a recession, but she…
Work from Anywhere: From hotel rooms to cafes, professionals turn innovative
A young professional checks into a five-star hotel in suburban Mumbai. She is neither here for a business meeting nor for a mid-week break. As…
Microsoft, Google are latest tech giants to hit brakes on hiring
With recession fears mounting—and inflation, the war in Ukraine and the lingering pandemic taking a toll—many tech companies are rethinking their staffing needs, with some…
Many Australian businesses struggling to find workers
Sydney: Almost 40 per cent of Australian small and medium business owners are facing labour shortages, according to one of the nation’s largest banks. New…
Americans filing jobless claims at highest level in 8 months
WASHINGTON: The number of Americans applying for unemployment benefits last week rose to the highest level in more than eight months in what may be…