1.
L&T
Technology axes 200 roles
L&T
Technology Services (LTTS) has allegedly terminated 200 employees as part of
its performance cycle. The primary aim of these layoffs is to mitigate role
overlaps specifically in mid-to-senior positions. The company follows an annual
performance-review process to evaluate the workforce’s capabilities and takes
appropriate actions based on skill sets and performance. This practice is
deemed crucial for maintaining high service standards, continuous upskilling,
organisational agility, and staying at the forefront of technological
innovation. The staff reductions primarily occurred in delivery and support
functions, and are reportedly a consequence of automation of various operations.
As reported by TOI, a spokesperson from the tech company emphasised that
despite the current situation, the company’s ongoing hiring strategy is aligned
with its growth prospects. The company plans hire over 2,500 engineers,
particularly in plant engineering, digital and software engineering, AI, and
software-defined vehicles.
2.
Delhi job market grows by
52,420, while Bangalore’s drops by 41,208
In
Delhi, major companies such as Paytm, PhysicsWallah, PolicyBazaar, Delhivery
and BharatPe have been actively hiring from September 2022 to July 2023. From
September 2022 to July 2023, unicorn companies in Delhi increased their total
workforce by 52,420. Meanwhile, according to reports, Bangalore companies
reportedly decreased their workforce by 41,208. Delhi saw major employers such
as Paytm, PhysicsWallah, PolicyBazaar, Delhivery, and BharatPe actively hiring
in significant numbers. Chennai’s unicorn startups bolstered their workforce by
3,967, whereas Pune-based unicorns increased their employee count by 1,049
during the specified period. In contrast, Mumbai and Hyderabad experienced
declines in their workforces, with reductions of 1,252 and 368, respectively,
as per findings from PrivateCircle Research. In December 2022, the highest
number of employees, 44,295, left unicorn companies within that period.
Starting in April, hiring at unicorn startups picked up pace and reached its
peak in July with 43,361 new additions. Notably, Policybazaar, BigBasket, and
Rebel Foods experienced substantial growth in their workforce during July.
3.
Deloitte
in India’s volunteers devote a day to making an impact
55,000+ volunteers invested time and effort to drive positive
change in their local communities. More than 55,000 volunteers from Deloitte in
India helped skill local communities and invest time and efforts to conserve
the environment as part of the annual Impact Day. The day allows volunteers
from Deloitte in India an opportunity to give back to society. The virtual,
in-office and on-the-ground projects across more than 500 locations saw over four
lakh individuals getting actively involved during the 21st annual Impact Day.
The project themes this year included education and skills, empowerment,
healthcare, animal welfare and sustainability. Volunteer project leaders, from
across domains and ranks, pick causes they are committed to and collaborate
with internal teams as well as non-profit organisations to plan day-long
programmes. Volunteer team members register for projects that resonate with
their interests and matter to them, and dedicate an entire working day to
making an impact.
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