PINK SLIP GENERATION
India’s AI rules take shape; TCS profit jumps 15%
The government is set to release a consultation paper on AI regulations within a month. This and more in today’s ETtech Top 5.
Heat scorches Spain and the European nation finds an old, traditional hack to find some comfort
Spain’s brutal summer heat has revived the traditionalabanico, with Spaniards and tourists using folding hand fans across plazas, public transport, concerts and festivals. Once a symbol of Spanish aristocracy and flamenco culture, the centuries-old accessory is enjoying renewed popularity, while soaring temperatures are also giving fan sellers a welcome business boost.
AI won't steal jobs, ours is last generation to have stable, long-term careers: Microsoft's Chandok
Tech giant Microsoft's India and South Asia President Puneet Chandok on Friday said artificial intelligence will not steal jobs, asserting that the real pink slip is going to be refusal to learn.
AI won't steal jobs, ours is last generation to have stable, long-term careers: Microsoft's Chandok
Microsoft India President Puneet Chandok believes artificial intelligence will transform jobs by unbundling tasks. He asserts that the refusal to learn is the real threat, not automation. Chandok suggests current generations are the last to experience stable, long-term careers.
AI to replace jobs, but you'll get ‘longer' vacations: Bill Gates
Bill Gates warned Generation Z that simply knowing how to use AI tools won’t guarantee job security. He called AI “fun and empowering” but said digital skills alone won’t protect against job losses. However, Gates reiterated his advice to young people to “be curious, read and use the latest tools”.
Cricket: Australia in ascendancy as Mitchell Starc takes six wickets to floor India
Opener Nathan McSweeney was batting on 38 with Marnus Labuschagne on 20 at the other end. Earlier, armed with the brand new pink ball, Starc set the tone by dismissing Indian opener Yashasvi Jaiswal lbw with the first ball of the match. The left-arm quick let out a roar that showed how much Australia prized the wicket of the dangerous Jaiswal, who smashed a rapid 161 in the series opener in Perth.
Dell cuts 10% workers in sales team reorganisation with new AI-focused unit
Dell Technology is cutting jobs as part of its sales team reorganisation that includes a new group focused on AI products and services. Dell previously announced a major workforce reduction in early 2023, shedding 13,000 jobs in that fiscal year. “Through a reorganisation of our go-to-market teams and an ongoing series of actions, we are becoming a leaner company,” the spokesperson said.
Apple laid off 600 employees after car, smart screen projects shut shop: report
Apple layoffs come amid a wider restructuring in the tech industry. As per the report, 371 employees were let go from Apple’s main car-related office in Santa Clara, California, while dozens more at multiple satellite offices were impacted. Both the self-driving car and smartwatch products were scrapped by the tech giant earlier this year.
Meta announces it will shut down live-streaming ‘Super’ app by February 2023
Meta has announced that it will shut down its cameo-like app, ‘super’, a live-streaming platform by february 15, 2023.
Telecom industry aiming to hire staff laid off by Big Tech firms
Companies like Meta, Amazon, Twitter, Microsoft and Stripe among many others have laid off employees and rationalised their employee base. As per estimates by TeamLease, over 62,000 employees have received the pink slip in 2022, including layoffs announced by Amazon over the past week.
‘What’s next for me?’ Ex-Meta employee, who relocated from India, fired just two days after joining
The engineer is among the 11,000 who were laid off en mass by Meta.
Government to give full support for BSNL's revival: Ravi Shankar Prasasd
BSNL, formed in 2000, was in the pink of financial health but lost to competition because of inadequate investment in infrastructure expansion.
What to do if you lose your job
How can you tell if you are likely to lose your job in the near future, and what can you do to safeguard yourself against such an eventuality?
2G verdict impact: Sivasankaran to exit telecom, S-Tel to shut operations
SC verdict on the 2G case cancelling 123 licenses has claimed its first casualty. S-Tel, a company set up by C Sivasankaran has decided to shut shop.
Jet looks to cut 2,000 jobs in phases; shows door to 50
Jet is going for major staff downsizing with about 50 staff already being laid off.
Jet looks to cut 2,000 jobs in phases; shows door to 50
As part of its efforts to tide over the downturn in the airline industry, Jet Airways is going for a major staff downsizing. Sources said that the company has already started giving pink slips, with about 50 employees being laid off over the past one week.
CEOs take 27% hike as profits dip
Chief executives of Indian companies helped themselves to a 27% hike in salaries while handing over a flurry of pink slips to their employees. Top 10 Wealthiest CEOs
Online layoff tracker captures economy's carnage
In a sour economy like this, entrepreneurs inevitably dream up new ways to turn lemons into lemonade.
India Inc needs to layoff in order to survive: PHDCCI
India Inc must resort to layoffs in order to survive in the present circumstances and the textile sector has already given pink slips to 5,00,000 workers, business body PHDCCI today said.
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