Delhi CM asks govt to intervene as IT employees finding difficulty in getting jobs amid layoffs.
Delhi CM asks govt to intervene as IT employees finding difficulty in getting jobs amid layoffs
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Founders are acutely aware of the slowdown in deal-making, and ‘expanding the runway’ is the mantra they are following to tide over the next quarters. So, startups are on the drawing board to implement those measures. Going back which will help them survive for the next 24 months.
Among companies to end layoffs in 2023, Google-backed Mohalla Tech Pvt Ltd, which runs social media site #ShareChat and short video platform Moj, topped the list with nearly 600 layoffs. It states that external macro factors affect the cost and availability of capital.
The Bengaluru-based company cut its workforce by around 20% in the latest round. Mohalla Tech also laid off its fantasy sports vertical Jeet11, which laid off around 115 employees in December.
Another Google-backed startup that laid off its employees in early 2023 is Dunzo. The instant commerce firm laid off 3% or about 90 employees as part of its restructuring. Product and supply chain employees were the most affected. “Some senior developers and at least two directors of engineering have been dismissed,” said a person with knowledge of Dunzo’s development.
The challenge of this “winner-takes-all” model in the corporate world is that the competition has to be decimated with whatever means necessary, the ultimate objective for the winner is a monopoly (the only buyer) and a monopsony (the only seller). There is no room for a second or third player in this model.
The “winner-takes-all” model requires an enormous amount of funding – business fundamentals such as profits or even revenue are not important. The model’s assumption is that equity can fund losses; revenues are not important until such time that there is only one player standing.
Food delivery major Swiggy reportedly plans to fire around 8-10% of its workforce, or 480-600 employees, to reduce costs amid the ongoing funding winter. The layoff at Swiggy will impact its product, engineering and operations teams, Fina
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Keshod | Customers' difficulty with behavior of employees in SBI branch
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Watch Keshod | Customers' difficulty with behavior of employees in SBI branch| ABTAK MEDIA With HD Quality
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GFP Leaders along with IFB employees meet Labour Commissioner. Request him to intervene into the matter & call for a joint meeting
GFP Leaders along with IFB employees meet Labour Commissioner. Request to intervene into the matter
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Is there anything called as paid Government jobs? Babu claims he has given 'free' Govt jobs to people!
#Goa #GoaNews #babuAjgaonkar #Pernem #Jobs #Employment
Is there anything called as paid Govt jobs? Babu claims he has given 'free' Govt jobs to people!
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വഴിമുട്ടും മുമ്പ് കൂട്ടരാജി!
കെഎസ്ആർടിസിയിൽനിന്ന് 606 പേർ ജോലി രാജിവച്ചു
ശമ്പളം മുടങ്ങുന്നതും പെൻഷൻ കിട്ടാതാകുമെന്ന ആശങ്കയില്‍ കെഎസ്ആർടിസിയിൽനിന്ന് 606 പേർ ജോലി രാജിവച്ചു.വിവിധ സർക്കാർ വകുപ്പുകളിലും സ്വകാര്യ കമ്പനികളിലും മികച്ച ശമ്പളമുള്ള ജോലി ലഭിച്ചവരാണു രാജിവച്ചത്. ഇത്രയുംപേർ കെഎസ്ആർടിസിയെ ഉപേക്ഷിക്കുന്നതു ചരിത്രത്തിലാദ്യ സംഭവമാണെന്നാണു റിപ്പോർട്ട്.അതേസമയം, സ്ഥാപനത്തിന്റെ സാമ്പത്തിക പ്രതിസന്ധിയല്ല രാജിക്കു പിന്നിലെന്നു കെഎസ്ആർടിസി അധികൃതർ അറിയിച്ചു. 'ജീവനക്കാർ വിവിധ കാലയളവിൽ രാജിവച്ചവരായിരുന്നു. ഇവരുടെ രാജി അപേക്ഷ സ്വീകരിക്കാതെ നീട്ടികൊണ്ടുപോയതായി ശ്രദ്ധയിൽപ്പെട്ടതിനെ തുടർന്നാണു നടപടി' - കെഎസ്ആർടിസി അധികൃതർ വ്യക്തമാക്കുന്നു.
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