Hiring in AI-ML, Pharma, and FMCG sectors strong in August: Report
Hiring in several sectors like artificial intelligence-machine learning (AI-ML), pharma, and FMCG demonstrated resilience and growth in August, according to a report on Tuesday.
Hiring in several sectors like artificial intelligence-machine learning (AI-ML), pharma, and FMCG demonstrated resilience and growth in August, according to a report on Tuesday.
The new workforce will join Samsung R&D Institute-Bangalore (SRI-B), Samsung R&D Institute-Noida, Samsung R&D Institute-Delhi, and Samsung Semiconductor India Research in Bengaluru next year.
India saw a 6 per cent drop in hiring activity (year-on-year) in October, amid changing patterns in the start-up ecosystem, funding winter, and fears of an upcoming recession, a report showed on Tuesday.
Beth Galetti, Amazon's senior vice president of people experience and technology, confirmed the move in a memo that the company had already begun pausing or slowing hiring in various corporate departments in "recent weeks".
Hiring platform Fountain on Thursday forayed into the Indian market after raising an additional $100 million post its Series C round, bringing its total funding to $185 million.
The job market in India picked up pace ahead of the festive season as a report showcased a spurt in hiring activity this month with the Naukri JobSpeak index recording a double-digit growth at over 13 per cent year-on-year (YOY) and over 10 per cent sequential growth.
With the successful rollout of vaccines and reduction in Covid-19 cases, most employers (77 percent) now plan on having their people working from the office.
The pandemic has given rise to a huge number of contract workers for a plug and play model allowing companies to reduce their hiring costs.
In India, hiring declines reached a low of below minus 50 per cent year-on-year in April, before starting to slowly recover.
The writer is the Managing Partner, Financial Services, Executive Access.
