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After IIT Bombay Ban, Job Seekers Turn Cautious Against Startups Offers

4Sep By Press Trust of IndiaNo Comments

ANALYSIS

After IIT Bombay Ban, Job Seekers Turn Cautious Against Startups Offers

Job seekers have become more cautious while considering offers from startups as it presents substantial risk to their long-term goals, according to experts. "With the premier tech school IIT Bombay blacklisting nine startups, job seekers have become more cautious before accepting offers from them. "There could be more job seekers declining offers from these companies as they will weigh the substantial risk they need to take while making such career moves as they consider their long-term professional goals," hiring consultancy Michael Pages Director Ankit Agarwala said. Recently, IIT Bombay had blacklisted nine startups for one year as a penalty for various violations, including revoking offers to some graduates. Startups are generally hiring cautiously and focusing main...

How Flipkart New CEO Binny Bansal Trying To Bring Back Its Old Team in Fight Against Amazon

20Jun By NitishNo Comments

News

How Flipkart New CEO Binny Bansal Trying To Bring Back Its Old Team in Fight Against Amazon

The Proverb of Old is Gold seems true in the case of India's largest e-commerce company Flipkart. Under new CEO Binny Bansal, Flipkart re-appointed Mr. Kalyan Krishnamurthy as head of categories. Before explaining anything about Flipkart re-joining strategy kindly read our previous report to get more clarification. Kalyan Krishnamurthy an executive at Flipkart’s largest investor Tiger Global Management was first appointed as a interim chief financial officer (CFO) & Category Head of Flipkart in February 2014. He left the company and joined Tiger Global again in November 2014. In 2015, Flipkart replaced its entire senior management and hired professionals from Google, Amazon etc. In 2016, due to shortage of funding and poor performance Flipkart's three senior executives lost...

25May By reutersNo Comments

News

Microsoft Will Cut off 1800 Jobs

Microsoft Corp said on Wednesday it will trim down its smartphone business by cutting 1,850 jobs, most of them in Finland, and write down $950 million from the operation. The U.S. company, which entered the phone business in 2014 by buying Finnish firm Nokia's handset unit, said it would "streamline" its smartphone business and close down its research and development site in Tampere, Finland. Microsoft said it will continue to develop Windows 10 Mobile platform and support its Lumia smartphones, but declined to say whether it would develop new phones. "We are focusing our phone efforts where we have differentiation," said chief executive Satya Nadella in a statement. We will continue to innovate across devices and on our cloud services across all mobile platforms." Earlier this ...

Nokia to Cut 10,000-15,000 Jobs Worldwide: Finnish Union

25May By reutersNo Comments

News

Nokia to Cut 10,000-15,000 Jobs Worldwide: Finnish Union

Nokia is likely to cut 10,000 to 15,000 jobs globally as part of a cost-cutting programme following its acquisition of Franco-American rival Alcatel-Lucent, a Finnish union representative said. Nokia kicked off the programme in April with a target to slash $1 billion of operating costs by 2018, but it has yet to give a figure for how many jobs will be reduced in total. "We haven't heard any official numbers, but based on the information from our union contacts, I would estimate the global impact of this round would likely be around 10,000 to 15,000 jobs," said Risto Lehtilahti, a trade union shop steward at Nokia's Oulu site. A Nokia spokeswoman declined to comment on the 10,000-15,000 figure. Nokia employs around 104,000 people worldwide. Last week the company specified its pl...

Why Water Shortage Will Cut Billions of Jobs? – Report

7May By NitishNo Comments

ANALYSIS

Why Water Shortage Will Cut Billions of Jobs? – Report

The latest World Water Development Report addresses the pervasive relationship between water and jobs, including in industry. It shows how water affects workers’ lives through its presence, its quality and its quantity, and how investments in water and sanitation can create paid and decent jobs, thereby contributing to a greener economy. The report estimates that well over one billion jobs, representing more than 40 per cent of the world’s total active workforce, are heavily water-dependent. Such jobs are found in agriculture, forestry, inland fisheries, mining and resource extraction, power generation and water supply and sanitation, as well as in several manufacturing and transformation industries including food, pharmaceuticals and textiles. Another billion jobs, representing over...

Rich and powerful warn robots are coming for your jobs

4May By reutersNo Comments

News

Rich and powerful warn robots are coming for your jobs

Some of the richest, smartest and most powerful humans have an important message for the rest of us as they convened this week to discuss pressing global issues: the robots are coming. At the Milken Institute's Global Conference in Beverly Hills, California, at least four panels so far have focussed on technology taking over markets to mining - and most importantly, jobs. "Most of the benefits we see from automation is about higher quality and fewer errors, but in many cases it does reduce labor," Michael Chui, a partner at the McKinsey Global Institute, said on Tuesday during a panel on "Is Any Job Truly Safe?" The four-day annual conference, which began on Sunday, has 3,500 invite-only participants exploring "The Future of Human Kind." Technology has not only done away with l...

6 Must Have Career Apps in India To Find a Dream Job

29Apr By AnkitaNo Comments

ANALYSIS

6 Must Have Career Apps in India To Find a Dream Job

With a number of career options/companies available, the job search is the most daunting task now a day. Looking for a job change is really challenging as it requires a lot of research & time investment. Thanks to the explosion in mobile apps and smartphones, job seekers can now take their job search on the road and be immediately notified of the results their efforts are bringing. A smartphone powered by the Android mobile operating system can be transformed into a powerful job hunting device with the right applications. From finding entry level jobs to resume writing tools to interview tips and from networking to organizing, the following Android apps will help you get the job you deserve. So, here are five amazingly handy and absolutely free mobile phone career apps that every...

10Mar By NitishNo Comments

Story

Uganda to US and Fiji to France: UniversalHunt Story Without Funding

All of us dream of a lifestyle that is absolutely customised for us, lets us exploit our talent to the hilt and meet our aspirations. Most of very renowned platform including LinkedIn trying to do so but failed to solve the real professional network problem. But a company, running from last 8 years solved it with higher customer satisfaction rate without having large investment and big names in its portfolio, “Universalhunt.com”. “Universalhunt.com is a networking cum talent showcasing portal that provides a common platform with advanced automated searchable database – it enables its members to share talent, experiences, list their offerings and share ideas – a single platform permitting unlimited interconnectivity and sharing. Universalhunt.com overcomes inefficiency from global talen...

Quikr launched QuikrJobs for country’s job seekers

29Sep By AnkitaNo Comments

News

Quikr launched QuikrJobs for country’s job seekers

Quikr, India’s leading cross-category classifieds platform, today announced its newly launched vertical, QuikrJobs will focus on Blue Collar, Grey Collar and Entry Level Jobs across India. By bridging the gap between recruiters and a large portion of the country’s job seekers that have no access to the internet, QuikrJobs will bring more people to the overall talent pool. Quikr has already been using its own platform to recruit for its call centre operations, sales force and delivery needs. (more…)