HIRING NEWS
Meet Dakota Meyer: Medal of Honor hero tapped by Pete Hegseth to fix Pentagon barracks' crisis as US troops sleep in cars, face no hot showers
Medal of Honor recipient Dakota Meyer has been tapped by Defense Secretary Pete Hegseth to lead efforts to improve military barracks after reports of troops sleeping in cars and facing poor living conditions, including mouldy rooms, broken air conditioning and a lack of hot water and showers. Dakota Meyer served on active duty in the Marine Corps from 2006 to 2010.
Tech billionaires in Democrats’ crosshairs: Who could face congressional probes? Here’s the hit list
Elon Musk, Mark Zuckerberg, Jeff Bezos and other tech leaders could face congressional investigations as Democrats prepare to take control of Congress in 2027. Their scrutiny could focus on ties to Donald Trump, political influence, AI development, data center expansion and the industry's impact on American jobs and communities.
Buffett reveals what a company director is paid for 6 meetings a year, then asks one question that explains everything
Warren Buffett sat on the boards of 21 companies over 62 years, and in this letter he explains how the people who are supposed to guard your money actually get chosen. He then reveals what the job pays for a few days of work a year, points out that the word independent has come to mean close to its opposite, and names the one thing he looks for in the directors of companies he owns. By the end you will have two questions to ask of any annual report, and nobody in the governance business is going to ask them for you.
Amagi, Shiprocket post profits; US polls’ impact on IT
Amagi’s Q2 profit surged nearly 30x while Shiprocket swung into the black for the first time. This and more in today’s ETtech Top 5.
Russia's service sector stagnates, output rises marginally in October
Russia's service sector showed minimal growth in October, with a decrease in orders for the first time in three months. New businesses also fell, indicating a concerning trend amid declining export demand. Employment exhibited a marginal increase after a prolonged period of job cuts across the economy. Input cost inflation rose as firms adjusted selling prices to manage higher costs.
Trump’s pain makes D-Street bulls gain! IndiGo, Asian Paints, other crude-sensitive stocks rally up to 8% as oil drops below $95
Paint makers, airlines, tyre companies and OMCs rallied as crude oil prices plunged nearly 10%, falling below $95 a barrel. Lower oil prices raised hopes of easing input and fuel costs, while Trump's midterm setback added to the positive market sentiment.
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Google voluntary buyouts: What's the exit package, which teams qualify and how many employees are eligible after Microsoft's similar offer?
Google Voluntary Exit Programme Details: Google has expanded its voluntary buyout programme to selected employees in five countries. The offer comes as Microsoft rolls out a similar voluntary exit scheme covering around 60,000 employees. Here's a look at Google's severance package, eligible teams and the number of employees who could opt for the offer.
He lost the governor’s primary, then got picked as a last-minute replacement with 566 of 571 votes; 100 days later Troy Jackson unseated Susan Collins
Troy Jackson's political journey took an unexpected turn when he received the Democratic Senate nomination. After Graham Platner withdrew due to a serious allegation, Jackson became the leading candidate. He won the nomination with overwhelming support at the special convention. Subsequently, Jackson campaigned and defeated longtime Republican Senator Susan Collins in the general election.
Corporate India's white-collar hiring rises 14% in October, led by manufacturing
Corporate India's white-collar hiring showed a 14% increase in October compared to the previous year. Notably, production and manufacturing roles experienced a significant growth of 39%. The demand for AI/ML skills also remained strong, leading to a 32% increase in hiring. Various sectors such as automobiles and BPO/ITeS witnessed substantial hiring increases as well. Overall, metropolitan areas like Hyderabad and Pune led in job growth during this period.
Bali's petrol queues offer a reality check for India's holidaymakers
Bali is currently facing a fuel supply crisis that is causing significant disruption for travelers. Traffic jams and fuel shortages have led to longer wait times for airport transfers and local commutes. Authorities have implemented measures to improve fuel distribution and manage demand effectively. Despite challenges, tourist arrivals remain steady, contributing to the local economy. Travelers are advised to check fuel availability before visiting popular attractions in Bali.
AI boomerang: What one should keep in mind if Microsoft, Barclays Bank, Kroger rehire sacked employees?
Microsoft, Barclays Bank and supermarket chain Kroger are among the latest entries on a growing list of companies that have announced AI-related workforce reductions this year.
Fed holds rates as inflation stays high, signals more hikes amid AI boom and energy costs
The Federal Reserve held its key rate steady at around 3.9%, signaling cautious optimism about inflation trends. Chairman Kevin Warsh emphasized the importance of inflation control while dismissing political influences on monetary policy decisions. Analysts expect a potential rate increase at the next meeting as inflation persists, affecting consumer sentiment. Some Fed officials dissented, indicating ongoing discussions about future rate hikes remain relevant.
US Fed expected to hold rates as Iran war fuels inflation concerns
The US Federal Reserve is widely expected to hold interest rates steady as rising energy prices linked to the Iran war fuel inflation concerns. With consumer prices accelerating and affordability under pressure, investors will watch Chair Kevin Warsh’s comments for clues on the December rate decision and the outlook for further monetary tightening.
Meet Millie Blumka and Taylor Borenstein, two friends who invested $50,000 in a workout mat business; how they built Stakt into a growing fitness brand
Millie Blumka and Taylor Borenstein are the co-founders of Stakt. It is a fitness accessories brand, and began initially after they saw a problem with workout mats. The idea came to their minds in 2020. At that time, home workouts were a common thing due to the COVID-19 pandemic. They invested a combined $50,000 of personal savings and ran the company alongside their jobs.
‘My kids saw everyone making fun of me’: Katie Zacharia breaks silence after five-day White House stint, recalls ‘tough night’
Katie Zacharia shared her whirlwind experience as White House press secretary, a role she held for just five days. Following her first press briefing, the backlash and online criticism were overwhelming. However, she highlighted her commitment to integrity, particularly for the sake of her children. Conversations with President Trump led to her departure as she seeks new endeavors while continuing to support him from outside the administration.
Ather rides to profit; Pronto's US AI play
Ather Energy swung to profit in the July-September quarter. This and more in today’s ETtech Top 5.
Competition Commission of India to hire 41 across departments
Individuals will be hired for positions at both CCI and its investigation arm, the director general (DG) office, according to public notices.
Trump’s next White House press secretary: 10 names in the running after Katie Zacharia’s 5-day exit
As the quest for a new White House press secretary begins, potential names surface including Scott Jennings, Danielle Alvarez, and Maria Bartiromo, who are currently leading the discussion. Anna Kelly, the principal deputy press secretary, also emerges as a strong contender. Otros names such as Monica Crowley, Elizabeth Pipko, and Margo Martin contribute to the buzz, with a final decision expected post-midterm elections.
AI fear makes companies look powerful and helps them raise funds: Andrew Ng
In an exclusive interview with The Economic Times Digital, Andrew Ng argues that the immediate challenge is to prepare people for work that increasingly involves AI. He notes that computer science students, who have never used a coding agent or are connected to an advanced AI model, even as those skills become essential, continue to graduate from universities.
Eternal’s strong Q2 report; Exits outpace hiring at top IT firms
Happy Thursday! Eternal’s Q2 revenue surged on Blinkit’s growth. This and more in today’s ETtech Morning Dispatch.
Indian embassy issues safety advisory for citizens in France amid unrest, local curfews
Indian nationals in France are advised by the Embassy in Paris to stay alert and avoid protest areas. Localized curfews have been implemented due to rising unrest linked to protests over living costs. Authorities are deploying additional police forces as new demonstrations are planned. The French government aims to address concerns about education and public services amid the unrest.
AI can write articles in seconds, but Claude maker Anthropic is hiring a human writer for Rs 3.25 crore
Claude maker Anthropic is hiring a full-time Executive Communications Writer in San Francisco, offering an annual salary of up to $345,000 (approximately Rs 3.25 crore). The role requires more than eight years of experience and involves drafting executive communications, explaining complex AI research and supporting senior leaders during major events and breaking news developments.
Two New York women helped erase $1.5 million medical debt in just four months. Their campaign gave 1,284 strangers a financial lifeline
Two New York women, Judith Jones and Carolyn Kenyon, raised $12,500 in four months to help erase $1.5 million in medical debt for 1,284 strangers. Their fundraising campaign supported R.I.P. Medical Debt, a nonprofit that buys overdue medical bills at heavily discounted prices and cancels them. The initiative also highlighted how medical expenses can create long-term financial problems.
French govt extends curfews amid nationwide protests over rising living costs
Prime Minister Sebastien Lecornu promised a "massive" police deployment ahead of fresh demonstrations scheduled for October 24. The French government is also extending the curfews and tightening security following days of violent unrest linked to nationwide protests over rising living costs and deteriorating school conditions.
Who is David Sabatini? Ex-MIT scientist, once a Nobel contender, wins $6 million defamation case
David Sabatini was awarded $6 million in damages after winning a defamation lawsuit against Kristin Knouse. The jury found that Knouse defamed Sabatini by labeling him a sexual predator. This lawsuit arose following allegations during an internal investigation into their relationship at the Whitehead Institute. Knouse's legal team plans to appeal the verdict, emphasizing challenges women face in such cases.
'Even manager himself couldn't get hired': Team head applied for a job vacancy HR was taking too long to fill, got rejected with his own CV for silly reasons
A manager's experiment with his own company's job vacancy has sparked debate about automated recruitment after he claimed his application was rejected within six minutes because his CV listed React instead of React.js.
Company townhall and results can tell 2 different tales; here's what to check if you are worried about your next hike or promotion
Keep manager’s reassurance and employer’s financials apart, says Devashish Chakravarty. Every three months, listed companies must disclose important events to the stock exchange and most of them explain their numbers to analysts. Long before you find an email from your HR, the company has already announced its hiring freeze or restructuring plans in its earnings call.
JD Vance defends US immigration policy, says social cohesion must be a priority
In a recent town hall meeting, US Vice President JD Vance stood by the Trump administration's immigration policy, which emphasizes community integration. He pointed out the necessity to protect American workers from exploitative hiring tactics while discussing H-1B visa holders. Vance stressed the risks faced by foreign workers dependent on their job security and green card sponsorship, contributing to the ongoing debate on immigration's socioeconomic effects.
Who is Heather Textor, the receptionist accused in Indiana's expungement scheme?
Heather Ann Textor, a former receptionist at an Indiana law firm, faces 42 felony charges and three misdemeanors over an alleged scheme involving fake criminal record expungement documents. Indiana State Police say she took payments from clients seeking to clear their records and gave them fraudulent paperwork.
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