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3May By PriyankaNo Comments

Tech

Now Play Game on LinkedIn

LinkedIn, the platform renowned for job hunting, professional networking, and career milestone sharing, is now venturing into a new domain – gaming. Why the sudden shift? Well, considering that many individuals indulge in games like Candy Crush during work hours, it seems fitting to introduce gaming on a professional networking platform. This could potentially lead to increased time spent on LinkedIn. In March, LinkedIn announced the introduction of its first batch of games. These include daily puzzle games reminiscent of Wordle – Queens, Crossclimb, and Pinpoint. The aim is to attract more users and boost engagement on the platform. If you’re adept at Wordle, these games might seem familiar and easy to navigate. However, LinkedIn imposes a limit on gameplay – each game can only b...

Ways to Earn Extra Money in the Post-COVID Era

30Jun By AdityaNo Comments

ANALYSIS

Ways to Earn Extra Money in the Post-COVID Era

SAN JOSE, Calif., June 30, 2021-- Participating in the gig economy can help you shore up funds when you're in between jobs. Side hustles can also bring greater financial stability during normal times. Think of it this way, If you work for a single company and you are let go, you'll lose 100% of your income. But let's say you side hustle with five clients or gigs, and each of them makes up 20% of your pay. If you lose one side gig and are down to four, you only miss 20% of your income. Side hustling is also a great way to rake in extra cash even while you have a full-time job. And it can also be a way to supplement your pay if you have a part-time job. With the financial uncertainty millions of folks have seen during COVID-19, it can be a better route to provide greater security. A...

Job Market Platform Apna Raises $70M at $570 million valuation

21Jun By PriyankaNo Comments

FUNDING

Job Market Platform Apna Raises $70M at $570 million valuation

BANGALORE, India, June 21, 2021-- Apna, the leading job-based platform in India raises $70 million Series B round led by Insight Partners and Tiger Global. Existing investors, Sequoia Capital India, Lightspeed India, Greenoaks Capital and Rocketship VC have also participated in the round. The investment amounts to an endorsement of Apna's undisputed market leadership and stellar business growth. With this investment Apna has now raised over $90 million and is now valued at $570 million, within 16 months of product launch. The team plans to double down on their edtech platform for skilling by continuing to invest in hiring exceptional talent and building world-class engineering and product capabilities. Additionally, Apna plans to expand to high potential international markets such a...

US Unemployment Rate Fall to 7.9%, 661,000 Jobs are Added

2Oct By PriyankaNo Comments

USA

US Unemployment Rate Fall to 7.9%, 661,000 Jobs are Added

Washington, 2nd Oct 2020: The US economy added 661,000 jobs in September, the Labor Department said on Friday. Total nonfarm payroll employment increased by 661,000 in September. The unemployment rate dropped to 7.9 percent compared to 8.4% in the previous quarter, but the true rate, after adjusting for the misclassification error, was 8.3 percent. Between February and April, more than 22 million jobs were lost. Since April, 52% of those jobs have been recovered. However, recent data suggest that the rate of job recovery is slowing. We expect the US growth and jobs revivals to continue to decelerate in the coming months as the number of new Covid-19 cases is growing, layoff rates remain high, and weaker government stimulus limit the spending capacity of many households. As l...

US added 4.8 million jobs in June, Unemployment Rate falls to 11.1%

3Jul By AdityaNo Comments

USA

US added 4.8 million jobs in June, Unemployment Rate falls to 11.1%

Washington, Jul 3, 2020 (AP): US employers added a substantial 4.8 million jobs in June, and the unemployment rate fell to 11.1%, as the job market improved for a second straight month, yet still remained far short of regaining the colossal losses it suffered this spring. The nation has now recovered roughly one-third of the 22 million jobs it lost to the pandemic recession, according to the Labor Department's jobs report released on Thursday. And with confirmed coronavirus cases spiking across the Sun Belt states, a range of evidence suggests that a job market recovery may be stalling. In those states and elsewhere, some restaurants, bars and other retailers that had re-opened are being forced to close again. The re-closings are keeping layoffs elevated: The number of Americans w...

19May By AdityaNo Comments

INDIA

70% of Indian Startups are going to collapse says Nasscom Survey

70% of Indian startups have a cash runway of less than 3 months, with early stage and mid stage startups the worst affected, a report by Nasscom said. Revenues are squeezed for 90 per cent of over 250 startups surveyed by Nasscom in April this year. Over 250 startups with diverse profiles participated in the survey which included 45% mid-stage startups, 30% mature startups, and 25% early-stage startups. The Indian tech startup ecosystem is the third largest in the world with over 9,300 tech startups, providing direct employment to over 4 lakh people. However, the COVID-19 pandemic has come as a jolt and put the brakes on the flourishing growth story. As per the report, 28% of startups are hit by funding shortage which can affect long term sustainability, 21% startups are ...

More than 20 million US Jobs vanish in April

7May By AnkitaNo Comments

USA

More than 20 million US Jobs vanish in April

US businesses cut an unprecedented 20.2 million jobs in April, an epic collapse as the coronavirus outbreak closed of offices, factories, schools, construction sites and stores that propel the US economy. The Wednesday report from payroll company ADP showed the tragic depth and scale of job losses that left no part of the world's largest economy unscathed. The leisure and hospitality sector shed 8.6 million workers last month. Trade, transportation and utilities let 3.4 million people go. Construction firms cut nearly 2.5 million jobs, while manufacturers let go of roughly 1.7 million employees. This private industry report comes two days ahead of the official monthly figures from the U.S. Labor Department. Economists expect that report will show 21 million job losses, accord...

NYC could lose 475,000 jobs, $9.7 bn in tax revenue

15Apr By NitishNo Comments

USA

NYC could lose 475,000 jobs, $9.7 bn in tax revenue

New York City could lose 475,000 jobs over the 12 months, the worst it has faced since the early 1970s, and experience a shortfall of USD 9.7 billion in tax revenue due to the COVID-19 pandemic, a report by New York City Independent Budget Office (IBO) said. In a fiscal brief issued Wednesday, the budget office said the COVID-19 pandemic and the public health restrictions imposed to help limit the spread of infections have delivered a severe blow to the economy, leading to very large and abrupt job losses that are unprecedented in their scope and pace. Given the staggering job losses, IBO said it assumes that the US economy has entered a recession even though official statistics have not yet captured the scenario. In a pared-down economic forecast, IBO projected that that the loca...

1Jun By AdityaNo Comments

Tech

Top In Demand Tech Freelance Jobs

The Economic Times reports that freelancing is displacing payroll employment globally. In fact, in the United States, self-employed workers are expected to increase to 60 million by 2020. In the UK, freelancers have increased from 3.3 million in 2001 to 4.8 million in 2017. India has also joined the gig economy and is the second largest employer of freelancers in the world. These numbers aren't surprising, as more and more industries are transitioning from the traditional workplace to a digital one. With the gig economy increasing year-on-year, companies are taking advantage of the increase in tech skills available for short-term employment. Yoss claims that companies are able to hire freelancers from the top 1% of tech talent, which demonstrates how expansive the market has become...

Siemens will cut off 10,000 Jobs amid Slowdown

8May By AdityaNo Comments

News

Siemens will cut off 10,000 Jobs amid Slowdown

German industrial equipment and technology supplier Siemens AG says net profit fell 5 per cent in the first three months of the year as the company heads into a major restructuring involving the spinoff of its oil, gas and power generation business. The company said Wednesday that net profit was 1.92 billion euros (USD 2.15 billion), down from 2.02 billion a year earlier, when earnings were boosted by 900 million euros by a share transfer. Revenue rose 4 per cent to 20.93 billion euros. The news comes after Siemens said late Tuesday it would spin off its division that makes power turbines while cutting costs at its remaining businesses. The company said it would drop 10,400 jobs but expected to create 20,500 more through growth through 2023, leading to a n...

Volkswagen to cut 7,000 jobs for 5.9 billion euros annual savings

13Mar By PriyankaNo Comments

Automobile

Volkswagen to cut 7,000 jobs for 5.9 billion euros annual savings

Germany based automobile brand Volkswagen said it will cut down its workforce by up to 7,000 staff, raise productivity and eke out 5.9 billion euros worth of annual savings at its core Volkswagen brand by 2023 in a bid to raise Volkswagen’s operating margin to 6 percent. The Wolfsburg, Germany-based carmaker Volkswagen has ruled out compulsory layoffs until 2025, but early retirement will help to reduce its workforce between 5,000 and 7,000 positions, the carmaker said. “The measures from the earnings improvement programme will enable our brand to achieve a competitive return level of six percent in 2022,” Arno Antlitz, Volkswagen brand’s board member for controlling, said in a statement. The cuts will be realized through voluntary staff turnover and partial retirement, while temp...

Amazon will exit from New York, 25k promised Jobs on Hit

15Feb By PriyankaNo Comments

USA

Amazon will exit from New York, 25k promised Jobs on Hit

Amazon jilted New York City on Valentine's Day, scrapping plans to build a massive headquarters campus in Queens amid fierce opposition from politicians angry about nearly 3 billion in tax breaks and the company's anti-union stance. With millions of jobs and a bustling economy, New York can withstand the blow, but experts say the decision by the e-commerce giant to walk away and take with it 25,000 promised jobs could scare off other companies considering moving to or expanding in the city, which wants to be seen as the Silicon Valley of the East Coast. "One of the real risks here is the message we send to companies that want to come to New York and expand to New York," said Julie Samuels, the executive director of industry group Tech NYC. "We're really playing with fire right now."...