1.
UST to
hire 7000 techies for Bengaluru, Hyderabad centres
The digital
technology provider aims to double its employee headcount from 6000 to 12,000. Digital
technology provider, UST today announced that it is going to hire 7000 techies
for its Bengaluru and Hyderabad centres. The decision was prompted because of
the increase in demand from its clients. UST aims to double its workforce, from
6000 to 12000 by 2023. It successfully hired 2000 employees in February 2021,
as part of its endeavor to expand the overall reach in India. In an official
statement, the Company stated that it plans to hire “freshers (entry-level
engineering graduates) and experienced engineers for various roles focusing on
products and services for healthcare, technology, logistics, semiconductors,
and banking and financial services and insurance(BFSI) clients.”
2.
DataCore to hire 150 in
India by 2023
The objective is to strengthen
its engineering team in India, which will soon become a centre of excellence. DataCore, the US-based software-defined storage
company, is gearing to hire more than 150 people in India over the next two
years. By March 2023, the Company intends to have half of its global workforce
in India. It has launched a new office in Bangalore where it already has two
facilities. The Company, which delivers intelligent and powerful
software-defined storage solutions for block, file, and object storage, has
acquired MayaData, the original developer of OpenEBS and developer of MayaStor.
The combined teams of DataCore and MayaData will sit in the new office. India
will be a full-fledged centre of excellence, driving various functions for
DataCore, including marketing and operations, and also be a net exporter of
innovation and talent.
3.
Licious
offers ‘everyday vesting, anytime liquidation’ ESOPs to staff
The company will set aside secondary funds annually, to enable anytime
liquidation. Licious, the Indian D2C
unicorn is offering unique ESOPs to its present and former employees or Licians
as they are referred to. Come January 2022, all eligible Licians will have
their ESOPs vested daily. They can, if they wish, liquidate these ESOPs anytime,
without any terms and conditions being associated with the liquidation. This
opportunity may be used after the mandatory one-year period, as per company
law. Licious will set aside a pool of secondary funds every year, so that
liquidation can happen any time. This ‘everyday vesting, anytime liquidation”
ESOP plan will benefit over 1000 Licians, who own ESOPs at present in its 3,500
strong workforce.
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