1.
Bell
Canada’s restructuring decision will impact 4,800 jobs
The
layoffs are due to a decline in traditional services and unfavourable
government decisions. On 8 February 2024, Bell Canada announced plans to
reduce its workforce by 4,800 positions in an effort to manage costs. The
Canadian media and telecom company shares that the decline in traditional phone
and news services, as well as unfavourable government and regulatory decisions,
are the reasons that drove it to execute job cuts. Bell Canada’s most
significant restructuring will result in approximately nine per cent of its
employees being laid off; this is one of the biggest restructuring decisions
made by the company in three decades. This marks the second major change since
last year, when the company announced intentions to reduce its workforce by
1,300 employees due to declining revenues from traditional sectors. The
company believes the situation is due to the federal government’s failure to
create fair competition with global tech giants. However, Canada’s
heritage minister expressed disappointment in Bell’s decision to lay off
workers. Despite government efforts to assist struggling companies,
Bell’s move was criticised for not contributing enough, considering its
profitability.
2.
Cisco to reduce
workforce, to axe thousands of jobs /
The
tech firm plans to focus on areas of high growth. Cisco’s present global
workforce of over 84,000 employees, will soon shrink. As part of a
restructuring exercise, the company is preparing to lay off thousands. This is
also an indication that it is looking to concentrate on areas of high growth,
such as cybersecurity. However, the exact number of people who will be let go
is yet to be officially announced. It is expected that the figure will
be made public post the earnings call later this week. The company
reportedly feels that its revenues were below expectations because of a
decrease in orders. After eliminating 4000 roles in 2022, the US-based
tech infrastructure firm had announced plans to cut more jobs in Silicon
Valley, in September 2023, in an attempt to restructure. The company had
said then that with heightened competition, particularly in cloud-based
networking companies, it wished to pivot its attention towards software and
services while moving away from hardware.
3.
Central
Armed Police Forces (CAPF) exam now in 13 regional languages
The exam scheduled for 20 Feb to 7 March, will allow those
interested in joining CRPF, BSF and CISF to choose from 13 regional languages
in addition to Hindi and English in which to take the exam. There is
good news for the youth across India who are keen to join the Central Armed
Police Forces (CAPF). They do not have to worry if they are not fluent in Hindi
or English, because non-Hindi speaking candidates from Assam, West Bengal,
Maharashtra, Kerala, Gujarat, Tamil Nadu, Punjab, Andhra Pradesh, Manipur,
Karnataka, Orissa and Konkan can comfortably take the exam in their respective
regional language now. There is good news for Civil Services aspirants
from Ladakh too. They can now take the Union Public Service Commission (UPSC)
exam at a new examination centre being set up in Kargil! The CAPF exam
will also be conducted in Leh and Kargil this year. For the first time,
the examination for recruiting constables to the Central Reserve Police Force
(CRPF), Border Security Force (BSF), Indo-Tibetan Border Police (ITBP) and
Central Industrial Security Force (CISF) will be conducted by the Staff
Selection Commission (SSC) in 15 regional languages—Assamese, Bengali, Gujarat,
Marathi, Malayalam, Kannada, Tamil, Telugu, Odia, Urdu, Punjabi, Punjabi, Manipuri
and Konkani.
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