According to study: Workplace closure boosted mental health during the Covid pandemic
London: While restrictions invoked to curb the transmission of Covid-19 hit the mental health of women, young adults the most, closure of the workplace actually…
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…
IT majors cut back on hiring
Top software exporters including global major Accenture and Indian IT services leader Tata Consultancy Services have sharply reduced new recruitments in the first quarter of…
Oracle is to cost optimize to save $1 billion, in the process laying off thousands
San Francisco: Cloud major Oracle recently considered laying off thousands of workers to save up to $1 billion in cost-cutting measures, the media reported. According…