LAYOFFS, REMOTE WORK and PANDEMIC-INDUCED TRENDS like Moonlighting & Quiet Quitting - these were the most talked-about things in the job market in 2022, also something we covered extensively on Let’s Talk Jobs. Now, with 2022 being a rather tumultuous year & the pandemic playing fast & loose with people’s lives & plans, many are confused about what the job market & workplaces are going to look like in 2023. Well, to help with just that, we spoke to a bunch of experts and compiled a list of JOB TRENDS FOR 2023 While no-one can predict the future, especially in times as uncertain as these… you can use this video as a guide to navigate your job decisions, at least in the near future. Watch!
Former Meta employee Arpan Tiwari speaks exclusively to Moneycontrol on Meta's recent layoffs. Arpan was one of the people who was laid off from the company's Singapore office. "We had no work since the day we were hired," Arpan told Moneycontrol's Sonal Mehrotra Kapoor. Was there a pattern to who was laid off at Meta? What did the employees go through on the day of Mark Zuckerberg's announcement? Watch the video to know more.
Meta fired 11,000 employees. Google plans to layoff 10,000. Amazon too fired thousands. After seeing an exceptional growth amid the pandemic and increasing their workforce significantly, the tech companies failed to reach their targeted revenue and profit. Now they are firing employees. Some laid off employees also spoke with Moneycontrol and revealed the manner in which the layoffs took place. Why are so many impacted by layoffs at big tech? Who were laid off? How were they fired? Watch the video to know the answer to these questions!
Mark Zuckerberg has sacked 13 percent of Meta's workforce in the first broad job cuts the company has had in its 18-year history. While several big tech firms have been laying off people recently, Meta's story deserves special attention. From becoming a $1 trillion company 16 months ago, a part of the top five tech companies on Wall Street, Meta has tumbled far below on the list. Meanwhile, the other four companies, Apple, Microsoft, Alphabet and Amazon, are still among the most valuable US businesses. Why has this happened - and why was Zuckerberg's apology to his employees well-deserved? Well, Zuckerberg's metaverse bet may just have proven to be a bit too costly. Is it Facebook's 'meta'morphosis that has led to this situation? Watch this video to find out!
Meta, Twitter, and other big tech companies have fired thousands of employees over the last few months, as the pandemic boom comes to an end for the industry. But what can you do if you're one of those who's been laid off, or if you're anticipating such a circumstance? What are YOUR legal rights, your options, and what you must take care of if you're in such a situation? Our experts answer all your queries and offer some sound advice - just drop your comments in the live chat box
A CEO in 2012 earned close to Rs 1 crore annually in 2012 while a fresher in an IT industry received Rs 2.7 lakh per annum. Ten years later, the CEO's salary has increased by 835% while the fresher's salary has only gone up by 45%. A fresher in 2022 is hardly paid ₹25,000 after completing their undegraduation. Living in metro cities, they're left with less than ₹1,000 in savings. Can freshers cope with rising inflation and living costs with no significant growth in their renumeration? But more importantly, why are they paid so low? Why is there such a huge gap between the salaries of CEOs and freshers? Watch this video to find out!
According to a report by a chat-based recruiting company Hirect, more than 50% of Indians fell prey to fake job scams last year. Most of them, millennials, are gullible and desperate to find work. These job scams are rampant in India, both in the government and private sector. The government often comes out with a warning to be wary of these job offers, which are nothing but criminals trying to extract money from innocent job seekers. How can you spot a fake job from a real one? Do you also receive messages offering you a job with a high salary without any prior interview? What are some of the red flags during the recruitment process?
The technology has advanced to a level where preliminary stage recruitments are being handled by Application Tracking Systems. These machines rank your CVs based on your achievements, experience or skill set required for the job. So how does one write a CV that not only impresses an HR but also successfully get through an artificial intelligence? How to create that first impression with your CV? A CV is the first step towards getting that job interview. So, watch this video to nail the art of writing that near-perfect CV.
How can you ask for a pay raise at work? During Covid, several companies across sectors didn't give their employees annual appraisals, due to which several people are feeling overworked and undervalued. But the situation is probably the same for many, right? So how can you approach your boss and convince them to actually consider your request for a salary hike? Watch this video to find out!
Not just the salary but your equity is what matters when you take up a job at a startup. Have you studied the financials of the company? Do you know what ‘Strike Price’ and ‘Vesting Period’ is? How to calculate the risks involved? The startups in India have more than doubled in the past five years and as soon as they lock funding, they aggressively look for talent. More money, more perks may come at the cost of more time. So, what is the essential information that you need to know before you accept that offer letter? Watch this video to clear all your doubts and queries before accepting that job at a startup.
Have you heard of the term moonlighting? It’s when you take up a job apart from your regular 9 to 5 job. Food-tech startup, Swiggy, recently announced its moonlighting policy, allowing its full-time workers to take up another job. But as the work-from-home culture picked up during the pandemic, employees from around the globe have started taking up multiple jobs, especially in the tech sector. Some do it for money, some to gain more experience and some to just combat boredom. But are there any laws that govern the moonlighting trend in India? Is it ethical or is it cheating? Watch this video to find out!
The debate over 'quiet quitting' has been all over social media for the last few days -- and there are two distinct ways in which people seem to have interpreted its meaning. So in this video, we answer some key questions over what quiet quitting is really all about.
Why Google, Apple, Microsoft, Twitter layoffs could be good for India | Jobs | Employment Global tech companies like Google, Apple, Microsoft, Twitter, Tesla and Meta are either laying off employees or putting a freeze on hiring. But for an industry that boomed during the pandemic, at a time other industries were going down, what's suddenly bothering them? Most importantly, how is it that firings at global big tech firms could actually be good for Indian techies in the long run? Watch this video to find out!