KaamBack, NAVI MUMBAI (2026)

10/07/2024

𝐈𝐧𝐟𝐨𝐬𝐲𝐬 𝐡𝐮𝐧𝐭𝐬 𝐟𝐨𝐫 𝐭𝐚𝐥𝐞𝐧𝐭 𝐚𝐦𝐨𝐧𝐠 𝐰𝐨𝐦𝐞𝐧 𝐩𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥𝐬 𝐨𝐮𝐭 𝐨𝐧 𝐚 𝐜𝐚𝐫𝐞𝐞𝐫 𝐛𝐫𝐞𝐚𝐤

Infosys is proud to announce a dedicated program for women professionals who wish to join the workforce after a career break. We realize and appreciate that life is not linear, especially during career breaks taken at different stages of life. The experience resulting from these breaks enriches life, thereby enriching organizations such as ours. This program is tailor-made to help such talented women transition seamlessly back into their professional roles.

We provide comprehensive skill enhancement programs and update, and fine-tune our technical skills under the mentorship of seasoned professionals who guide and support at every step. Flexible work opportunities help in maintaining a work-life balance that will make balancing professional and personal commitments easier. We also help achieve ample networking opportunities to help rebuild and expand professional connections.

This initiative reflects the commitment of Infosys to maintaining a diverse and inclusive workplace, where every voice is heard and every talent valued. If you're a talented woman professional with experience in your field and ready to return to work, start your journey with Infosys as we push boundaries and create more opportunities.

👩‍💻🌟

28/06/2024

𝐈𝐧𝐝𝐢𝐚'𝐬 𝐅𝐨𝐜𝐮𝐬 𝐨𝐧 𝐒𝐤𝐢𝐥𝐥𝐢𝐧𝐠 𝐚𝐧𝐝 𝐉𝐨𝐛 𝐂𝐫𝐞𝐚𝐭𝐢𝐨𝐧: 𝐀 𝐕𝐢𝐬𝐢𝐨𝐧 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐍𝐞𝐱𝐭 𝟓 𝐘𝐞𝐚𝐫𝐬

As there was an increasing demand for young, talented Indians in the emerging technologies of recent times, the new government under Prime Minister Narendra Modi, which took over in 2014, would focus more on skilling and job creation, G20 Sherpa Amitabh Kant said. Addressing the IGIC event here in Bengaluru, Kant said that it has become imperative to skill and retune the curriculum of engineering colleges and IITs according to the present needs of the industry, particularly in high demand areas like artificial intelligence 🤖, machine learning 📊, data science 📈, and cybersecurity 🔒. The government says it aspires that through focused skilling and apprenticeship vast numbers of new jobs will be created to fill up the talent gap over the next five years.

India is fortunate to be at the right moment. This is a sort of culmination of several years of right economic policies. There is a newfound optimism about technology, innovation, and entrepreneurship among students and youngsters in India 🚀. Indeed, there has been a sea change about the image of India. India is known now in the world for its software programmers and talented workforce 💻. Thus, Soumitra Dutta is the dean of Oxford University's Said Business School.

According to Claude Smadja, Chairman, Smadja & Smadja Strategic Advisory, experts from across the globe have been sharing ideas and expertise, from technology trends, biotech 🧬, deep tech, innovation, start-up ecosystem 🌱, to AI. This interaction only grows conviction that the entire world is recognizing the immense potential of India and at the same time, how 'skilling' for the future will have to be a work in progress without further ado.

Call to Action:
JOIN THE CONVERSATION - How can India intelligently make use of the talent pool and the innovation instinct to create new avenues of job opportunities and economic growth? Share your thoughts and insights on LinkedIn!

💡👨‍💻🚀

26/06/2024

𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭𝐬 𝐑𝐞𝐚𝐜𝐭 𝐭𝐨 𝐒𝐭𝐫𝐨𝐧𝐠𝐞𝐫-𝐓𝐡𝐚𝐧-𝐄𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐔.𝐒. 𝐉𝐨𝐛𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐏𝐨𝐥𝐢𝐭𝐢𝐜𝐚𝐥 𝐔𝐧𝐜𝐞𝐫𝐭𝐚𝐢𝐧𝐭𝐲

🌍📉 Global markets took a hit on Monday following the release of the US jobs report, which exceeded recovery estimates but also indicated rising unemployment for the second consecutive month. Most markets, including those in Europe and Asia, posted losses.

🇪🇺💶 The euro fell to its weakest level against the dollar in nearly a month, trading at $1.0766, after French President Emmanuel Macron disbanded the National Assembly following parliamentary elections where far-right parties made significant gains. This political shock led to declines in major European indices: the CAC 40 in Paris was down 1.7%, Germany's DAX retreated 0.7%, and Britain's FTSE 100 fell 0.4%.

🇺🇸📉 US futures also saw declines, with S&P 500 futures shedding 0.1% and Dow Jones Industrial Average futures retreating 0.2%.

🌏📊 In Asia, markets were mixed. Japan's Nikkei 225 index rose 0.9% despite the country's annualized 1.8% economic contraction in the January-March period. South Korea's Kospi lost 0.8%. Markets in China, Hong Kong, Australia, and Taiwan were closed for holidays.

📈📝 The US jobs report showed a larger-than-expected increase of 272,000 jobs in May, but the rising unemployment rate suggests some weakening in the job market. This presents a challenge for the Federal Reserve, as inflation remains high and consumer spending is being squeezed, particularly for lower-income individuals. Last week's data indicated economic moderation, with contracting manufacturing and falling worker productivity. Retailers have reported reduced spending on non-essential items.

📈💵 Both the 10-year Treasury and two-year yield rose following the jobs report. Fed officials are expected to hold rates steady at the upcoming meeting, with investors pricing in potential rate cuts in July.

24/06/2024

𝐃𝐫𝐚𝐰𝐢𝐧𝐠 𝐋𝐞𝐬𝐬𝐨𝐧𝐬 𝐟𝐫𝐨𝐦 𝐈𝐧𝐝𝐢𝐚'𝐬 𝐂𝐡𝐞𝐬𝐬 𝐒𝐮𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐀𝐝𝐝𝐫𝐞𝐬𝐬 𝐭𝐡𝐞 𝐉𝐨𝐛𝐬 𝐂𝐫𝐢𝐬𝐢𝐬

The crisis order of the jobs of India has remained a constant concern for over 15 years now. The critical issues that come within the vortex of the crisis of jobs involve low workforce participatory rates 📉 along with high unemployment of youth, women, and graduates 👩‍🎓. As experts ponder over the recent general election 🗳️, it has been accurate that economic distress and lack of jobs are the primary cause of concern in young India 🇮🇳, where employment opportunities were factored considerably in comparison to other socio-political issues.

An intransigent reason for the jobs problem is the elitism of our economic thinking 💭. But the case of chess democratisation ♟️ has a lesson to teach. This game, seen as an elite pastime, has been made available to all, with results that are there for all to see, in terms of international success 🏆. That inclusiveness can be extended to our economic policies for creating good jobs and to get more people participating in the workforce 💼.

In economic policy, innovative, inclusive, and democratizing opportunities in all sectors are a strategic route to valuably and effectively address the jobs crisis facing India 📊. There's quite a bit to learn from chess on strategically addressing unemployment and the empowerment of the young, women, and graduate populations in gainful and self-sustaining employment.

Call to Action:
Let's rethink our economic strategies today, pick up some clues from our achievements in chess, and build a more inclusive vibrant job market with more opportunities 🌟. Share your thoughts with us in the comments below on how to achieve this transformation! 💬👇

22/06/2024

𝐈𝐧𝐝𝐢𝐚 𝐍𝐞𝐞𝐝𝐬 𝐚𝐧 𝐈𝐧𝐝𝐢𝐠𝐞𝐧𝐨𝐮𝐬 𝐌𝐨𝐝𝐞𝐥 𝐨𝐟 𝐄𝐦𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭: 𝐒𝐡𝐢𝐟𝐭𝐢𝐧𝐠 𝐟𝐫𝐨𝐦 𝐆𝐫𝐨𝐰𝐭𝐡-𝐋𝐞𝐝 𝐄𝐦𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭 𝐭𝐨 𝐄𝐦𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭-𝐋𝐞𝐝 𝐆𝐫𝐨𝐰𝐭𝐡

Unemployment has been a major challenge for India. The growth-based employment strategy hasn’t worked. In 2019, Ekatm Prabodh Mandal proposed a new model: employment-led growth rooted in Bharatiya ethos. Their report, “Sampoorn Rojgar-The Priority Goal & Actions,” emphasizes at least one employed member per family.

Sustainable Employment Ideas 🌱
Western job creation models, relying on consumer demand, have failed. Instead, Ekatm Prabodh Mandal suggests diverting purchasing power to lower economic strata and focusing on areas like backward regions and cattle rearing. This creates jobs and reduces dependency on government aid.

Decentralization & Local Activities 🌾
The think tank advocates for localized projects over foreign-funded large projects to benefit local communities. Their blueprint includes principles like people-centered development, dignity of labor, and appropriate technology.

Human-Centric Models 👥
Dr. Bajrang Lal Gupt's "Sumangalam" promotes a system where producers and consumers have direct relationships, maximizing output and worker satisfaction. This shift requires enabling private sector and self-employment opportunities locally.

20/06/2024

𝐈𝐧 𝐣𝐮𝐬𝐭 𝐨𝐧𝐞 𝐲𝐞𝐚𝐫, 𝐨𝐯𝐞𝐫 𝟔𝟕𝟎𝟎𝟎 𝐣𝐨𝐛𝐬 𝐠𝐨𝐧𝐞 𝐚𝐭 𝐈𝐧𝐟𝐨𝐬𝐲𝐬, 𝐓𝐂𝐒, 𝐖𝐢𝐩𝐫𝐨 𝐚𝐧𝐝 𝐓𝐞𝐜𝐡 𝐌𝐚𝐡𝐢𝐧𝐝𝐫𝐚

In the year 2023, it was hard for technologists all over the world 🌍 with great numbers of employees being laid off 😔. Some of the major companies which were hit by this included Infosys, TCS, Wipro, and Tech Mahindra which laid off more than 67,000 employees 😞. Only Infosys had to let go of 24,182 people 🚪, while Wipro saw 21,875 people being handed the pink slip 📉. TCS followed this up with a figure of 10,818 ❌ and then Tech Mahindra with a figure of 10,669 🔽. Moreover, these companies also slowed down their hiring process 🕰️🚫 and skipped campus recruitments 🎓❌. Comparatively, December 2023 experienced a decline in job offers by about twenty-one percent from the previous year 📉.

18/06/2024

𝐏𝐚𝐲𝐭𝐦 𝐥𝐚𝐲𝐨𝐟𝐟𝐬: 𝐂𝐨𝐦𝐩𝐚𝐧𝐲 𝐦𝐚𝐲 𝐜𝐮𝐭 𝐣𝐨𝐛𝐬 𝐨𝐟 𝟓,𝟎𝟎𝟎-𝟔,𝟑𝟎𝟎 𝐞𝐦𝐩𝐥𝐨𝐲𝐞𝐞𝐬 𝐚𝐦𝐢𝐝 𝐜𝐫𝐢𝐬𝐢𝐬

One97 Communications, the parent company of Paytm, is going through major restructuring to reduce its workforce expenses. 📉 It plans to cut 15–20% of its workforce, translating into about 5,000-6,300 employees losing their jobs as part of a plan aimed at saving ₹400-500 crore. 💰 For FY23, One97 Communications had an average of 32,798 employees on payroll with 29,503 on active duty. 📊 However, the company is facing some financial pressures despite the fact that Y-O-Y total employee cost was up by 34% to ₹3,124 crore. 📈 December saw more than a thousand workers laid off already by the company. This is one of many steps that have been taken towards making Paytm’s operations leaner and less expensive. 🏦 Paytm reported a net loss of ₹550 crore in the January-March quarter compared to ₹168 crore in the previous year. 📉 Revenue from operations also dropped by 3% YoY to ₹2,267 crore due to restrictions imposed on Paytm Payments Bank by RBI. 🚫 Nevertheless, in spite of these setbacks, Vijay Shekhar Sharma – CEO and Founder – remains upbeat and said it was important for them to go over this experience so they can prepare better for future vulnerabilities and be completely aligned with all rules guiding them accordingly. 🚀

16/06/2024

𝐈𝐧𝐝𝐢𝐚𝐧 𝐒𝐭𝐚𝐫𝐭𝐮𝐩 𝐋𝐚𝐲𝐨𝐟𝐟 𝐓𝐫𝐚𝐜𝐤𝐞𝐫: 𝟑𝟕,𝟐𝟔𝟎+ 𝐄𝐦𝐩𝐥𝐨𝐲𝐞𝐞𝐬 𝐋𝐚𝐢𝐝 𝐎𝐟𝐟 𝐁𝐲 𝟏𝟑𝟎+ 𝐒𝐭𝐚𝐫𝐭𝐮𝐩𝐬 𝐒𝐢𝐧𝐜𝐞 𝟐𝟎𝟐𝟐

Since 2022, more than 130 Indian start-ups have laid off over 37260 employees. This has been worsened by the ongoing funding winter with the edtech sector being the most heavily hit.

📚 Edtech Under Pressure
Overwhelmed by the need to lay off a shocking number of 14816 employees are all seven edtech unicorns. The struggles of this industry show that in general, Indian startups face difficult challenges in terms of raising funds and staying in business.

📊 Recent Layoff Highlights
Way Cool Foods: Restructuring exercise; reduced workforce by 70 people. Log9 Materials: Laid off 115 contractual workers. Wint Wealth: Cut down staff levels by a fifth. Bliss club: announced redundancy for 21 persons, which is approximately an eighth of its workforce. Licious: About 80 people were dismissed during restructure process.

⚖️ Struggle of the Startup Ecosystem
The burst bubble in 2021 led to severe fund shortage where only $10bn was raised by Indian start-ups last year. In order to extend runways and cut costs, investors are now pushing startups for layoffs across different areas.

🚨 Ongoing Challenges
Within six businesses this year alone layoffs have affected over seven fifty-five members. These job cuts resulting from factors such as restructuring, cost reduction measures and the adoption of AI driven automation have affected employees at all levels and departmental functions.

14/06/2024

𝐒𝐢𝐥𝐞𝐧𝐭 𝐉𝐨𝐛 𝐂𝐮𝐭𝐬 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚'𝐬 𝐈𝐓 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐀𝐟𝐟𝐞𝐜𝐭𝐢𝐧𝐠 𝐎𝐯𝐞𝐫 𝟐𝟎𝐤 𝐓𝐞𝐜𝐡𝐢𝐞𝐬 💼

India’s IT sector has silently laid off close to 20,000 tech professionals in 2023 according to statistics from the All India IT & ITes Employees' Union (AIITEU). These silent layoffs occurred without any prior announcements, with employees being dismissed quietly. 🛑

Big names like TCS, Infosys, LTI-Mindtree, Tech Mahindra, and Wipro have all reduced their workforce. However, HCLTech was the only major company hiring more people during this period. 💼

Silent layoffs can take many forms, such as not renewing contracts, reducing working hours, offering early retirement, or leaving open positions vacant. According to the Nascent Information Technology Employees Senate (NITES), top IT companies have laid off over two thousand to three thousand professionals in 2024 alone. 🔄

This trend is part of a global pattern, with companies like Apple, Google, Amazon, and Microsoft announcing job cuts over the last 12-18 months. Companies have also increased working hours for remaining employees to boost profit margins at their expense. 🌐💻

12/06/2024

𝐖𝐡𝐲 𝟒𝟐% 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚𝐧𝐬 𝐏𝐥𝐚𝐧 𝐭𝐨 𝐒𝐰𝐢𝐭𝐜𝐡 𝐉𝐨𝐛𝐬: 𝐂𝐚𝐫𝐞𝐞𝐫 𝐂𝐡𝐚𝐧𝐠𝐞 𝐢𝐧 𝟐𝟎𝟐𝟒

According to a PwC report, the number of Indian employees who will change jobs in 2024 is expected to be about 42%, 📈 which is much higher than the global average of just over a quarter. 🌍 The reason for such an increase can be attributed largely to the quest for better remuneration 💰 and promotions. Specifically, millennials want better salaries and chances for growth in their careers as evidenced by statistics indicating that up to 74% identify this criterion. 📊

The rising importance of upskilling due to uncertainty in jobs is evident from this survey. Over half of employees polled believe that their job skills will undergo significant changes during the next five years as the work environment continues changing. 🔄 As a result, many are moving towards other opportunities that not only offer competitive pay but also job satisfaction 😊 and prospects for advancement. 📈

It is important, however, to note that AI has both brought good tidings and some challenges as well among Indian employees. Nevertheless, there are workers in India; about one out of five (21%) fear that it will automate their roles 🤖 while over half (51%) feel AI will enhance their performance in the workplace. 🚀 This index demonstrates a complex relationship between India and global averages with regard to tech development.

Similarly, Indian businesspersons acknowledge the need for reshaping their workforce to be ready for tomorrow’s triumphs. As noted by Kartik Rishi, Partner at PwC India, career choices have become far more dependent on upskilling today. 🎓

10/06/2024

𝐈𝐧𝐝𝐢𝐚 𝐍𝐞𝐞𝐝𝐬 𝟏𝟏 𝐂𝐫𝐨𝐫𝐞 𝐉𝐨𝐛𝐬 𝐁𝐲 𝟐𝟎𝟑𝟎 𝐀𝐬 𝐖𝐨𝐫𝐤𝐟𝐨𝐫𝐜𝐞 𝐑𝐢𝐬𝐞𝐬!!

A study by Natixis SA, one of the largest banking institutions in France, found that India needs to create at least 115 million jobs by 2030 to keep its economy growing and support a fast growing population. Trinh Nguyen, a senior economist at the bank, said that India has targeted an annual increase of about 12.4 million jobs over previous years. However, India urgently requires over 16.5 million new positions annually according to the report.

📈Nevertheless, Indian youth unemployment is relatively high despite being one of the fastest-growing economies in Asia with only about 58 percent of them are engaged actively in labour market activities compared to other countries participating from the region as noted earlier by Trinh Nguyen.

🌍According to their findings, manufacturing should leverage formal sector employment involving policies linked to demographic and geopolitical opportunities in order for it not only India’s but also regions development prospects could be achieved through job creation efforts.

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