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US announces USD 150 million for H1B One Workforce training program

25Sep By AdityaNo Comments

USA

US announces USD 150 million for H1B One Workforce training program

Washington, Sep 25, 2020: The United States announced USD 150 million to invest in training for middle-to-high-skilled H-1B occupations in key sectors in the American economy. Prominent among these sectors are information technology, cyber security, advanced manufacturing, transportation, wherein the H-1B One Workforce grant programme would be used to upskill the present workforce and train a new generation of workers to grow the future workforce, the Department of Labor said. The coronavirus pandemic has not only caused disruptions in the labour market, but also forced many education and training providers and employers to rethink how to deliver training, the department said in a statement. In this grant program, the department's Employment and Training Administration has set ou...

California based Workforce Upskilling platform Degreed raises $32 million

PLEASANTON, Calif., June 18th, 2020 -- Upskilling platform, Degreed has raised $32 million in new funding in direct response to overwhelming demand for better skill insights, talent mobility, and a user-focused learning experience. Owl Ventures led this latest round, bringing Degreed’s total funding to $182 million. According to Human Resource Executive, 75% to 80% of workers don’t complete their HR system’s talent profile, leaving organizations without a critical data set needed to inform agile business decisions. Degreed helps companies overcome this gap by enabling employees to develop their skills and create skill profiles. Using that data, the platform can then promote career mobility by connecting users to project, gig, and job opportunities. This round of funding will accele...

Hotel Chain Treebo Lays Off 70-80 Employees

Hospitality company Treebo has laid off between 70-80 workers, or about 10% of its 800- strong workforce. Currently, It consists of 800 people working under its brand. These layoffs are in line with the company's efforts to double down on its technology products and processes even as it looks to rationalise prices. Treebo Hotels is India's third largest hotel chain which operates in the budget segment of the hospitality industry. It operates on a franchise model and emphasizes quality control along with 10,000 rooms and 400 hotels in over 85 cities operating exclusively under its brand, it also competes with FabHotels and Oyo Rooms. As the company’s spokesperson said, "This, in turn, has allowed us to now take a critical look at our payroll and other costs, and rationalise them in line...