Topic
employment
Technology Indian IT sector's fresher hiring crisis deepens as AI reshapes demand for talent
India's IT sector is drastically cutting fresher hiring, with delayed onboarding and a shift toward AI, data, and cybersecurity skills. Freshers now account for just 15% of hiring, down from 28% a few years ago, as companies prioritise demand-led, skill-based recruitment over volume-driven campus intakes.
Technology Goldman Sachs Report: Which Jobs Face the Biggest AI Automation Risk
A Goldman Sachs report assesses AI's impact across industries, finding that routine, low-complexity tasks in financial services, retail, healthcare, and education face the highest automation risk, while skilled roles are more likely to be complemented by generative AI.
Technology GenAI to Reshape Indian Workforce, Global Capability Centres to Cushion Job Impact: Goldman Sachs
A Goldman Sachs report estimates that generative AI could automate 9-17% of tasks in India's non-agricultural workforce over the next decade. While 8-12% of jobs face substitution risk, 42-48% may be augmented. Global capability centres have added nearly 700,000 employees, offsetting job cuts at major IT services firms.
Business India Salary Hikes Projected at 8.6%-10.2%; EV, Fintech, Healthcare Lead Pay Gains
Salary hikes in India are projected to range from 8.6% to 10.2% across industries in FY26-27, according to TeamLease's jobs and salaries primer. Electric vehicles, fintech, healthcare, and power sectors lead with increments up to 10.2%. Electrical engineers top the role-wise list with 11.2% hikes, while Chennai, Pune, Hyderabad, and Ahmedabad emerge as top cities for salary growth.
Supply Chain Freight Distress Report: Supply Chain Providers Cut More Than 1,200 Jobs as Consolidation Accelerates
Companies across the freight economy disclosed plans to eliminate at least 1,222 jobs between July 10 and July 24, driven by facility closures, contract losses, and network optimization. Amazon, Temco Logistics, and Freight Handlers Inc. accounted for most of the layoffs, while 10 transportation businesses sought Chapter 11 bankruptcy protection.
Manufacturing Food Products Create Most Jobs Among PLI Sectors with Lowest Investment, Government Data Shows
According to government data shared in Parliament, the production linked incentive (PLI) scheme has generated the most direct jobs in food products, despite relatively low investment. The food sector added nearly 3.3 lakh jobs with Rs 9,200 crore investment, while electronics manufacturing created 1.7 lakh jobs with Rs 20,580 crore. High-skill sectors like solar PV modules and specialty steel created far fewer jobs per rupee invested.
Business India's June Jobless Rate Holds at 5.5% as Female Unemployment Rises, Participation Slips
India's overall unemployment rate remained unchanged at 5.5% in June, according to the latest NSO PLFS data. However, female unemployment rose to 5.9% from 5.6%, while the female labour force participation rate slid for the fourth consecutive month to 32.7% due to a sharp decline in rural areas. Male unemployment edged down to 5.3%.
Technology Xbox Layoffs Cut 3,200 Jobs as Microsoft Resets Gaming Strategy
Microsoft's Xbox division has laid off 3,200 employees (20% of staff) as part of a 'reset' led by new CEO Asha Sharma. The cuts follow a broader industry downturn that has seen nearly 58,000 video game job losses since 2022, driven by over-hiring during the pandemic and rising production costs.
Manufacturing Volkswagen Planning to Cut Up to 100,000 Jobs Globally, Twice Previous Target
Volkswagen Group CEO Oliver Blume confirmed the automaker is targeting up to 100,000 job cuts globally, double the previously stated 50,000. The move follows a steep profit decline, falling sales in China and the US, and rising competition from Chinese brands. Talks with unions and potential factory closures in Germany remain under discussion.
Business Consumer firms to create nearly 5,000 jobs in 2 years as India outshines global markets
Leading consumer companies including PepsiCo, McDonald's, L'Oreal, Haleon, Carrier Global, Carlsberg, and Dabur are creating nearly 5,000 new jobs in India over the next two years through new manufacturing facilities and global capability centers, reflecting strong confidence in India's robust consumer market and talent pool.
World Cup Fails to Boost US Hospitality Jobs as Sector Sheds 61,000 Positions in June
US hospitality employment declined by 61,000 in June, contradicting expectations of a World Cup jobs boom. Overall nonfarm payrolls rose by 57,000 and unemployment edged down to 4.2%, according to the Bureau of Labor Statistics.
Business US Adds Just 57,000 Jobs in June as Hiring Slump Signals Cooling Labor Market
The US added only 57,000 jobs in June, far below May's revised 129,000, signaling a loss of hiring momentum. Unemployment eased to 4.2%, but labor force participation fell. Sector performance diverged sharply, with leisure and hospitality losing 61,000 jobs while professional services and healthcare added. The Federal Reserve held rates at 3.5-3.75% as inflation remains above target.
Logistics Muted Truck Transportation Job Growth Signals Persistent Capacity Constraints for Shippers
U.S. truck transportation employment in June 2026 totaled 1,466,600 jobs, just 1,000 higher than January, with monthly declines in four of the last five months. Analysts cite regulatory pressure, high operating costs, and a fragile consumer economy as factors, warning that continued rate increases may be needed to attract drivers. Meanwhile, warehouse jobs grew by 18,100 over three months but remain below year-ago levels, and rail employment continues to lag.
Technology Trimble AI Chief Predicts 'Job Apocalypse' in Logistics Back Offices
Trimble's Chief Platform Officer Jonah McIntyre predicts a 'job apocalypse' in logistics back offices as AI automates screen-based roles. The company leverages its 65% U.S. over-the-road capacity footprint and AI-driven development to launch a build-to-order TMS for small carriers, while pursuing a 'maximum interoperability, minimum interdependence' integration strategy.
Logistics Shipping Career Course Launched to Tackle Industry Recruitment and Communication Problems
Panos Patsadas, global chartering manager at Trans Global Projects, has launched a seven-part online lecture series called 'A Career in Shipping' to address the industry's recruitment and communication problems. The £750 ($990) course aims to provide facts-based guidance, debunk myths about connections and quick wealth, and help participants decide if a maritime career is right for them.
Business UK Job Vacancies Fall to Five-Year Low as Firms Cut Back on Recruitment
The number of UK job vacancies fell to 707,000 in March-May 2026, the lowest level in five years, according to the Office for National Statistics (ONS). The data signals a softening labour market, with professional services, retail and hospitality seeing the steepest declines. New hires also hit a five-year low at just under 540,000 in April. The unemployment rate edged down to 4.9% while regular pay growth held at 3.4%.
Business People Starting New Jobs at Lowest Level in Five Years, ONS Data Shows
The number of people starting new jobs in the UK has fallen to its lowest level in five years, according to the Office for National Statistics. The data, covering the three months to April, shows vacancies continuing to decline and employers growing more cautious, although the unemployment rate edged down to 4.9%.
Technology AI Reshapes Workforce Skills: PwC Study Shows Human Skills in Greater Demand
A PwC study based on more than one billion job ads across six continents reveals that AI automation is driving faster job and wage growth, while also increasing demand for human skills such as judgment, leadership, and adaptability. Heavy AI adopters have seen a 163% productivity boost since 2018.
Business Panel to Examine Labour Market Metrics as India's Employment Landscape Evolves
The Indian statistics ministry has constituted a 22-member experts committee to review labour market metrics, focusing on informal employment, moonlighting, seasonal migration, and platform work. Chaired by IHD professor Alakh Sharma, the committee will assess existing indicators and suggest improvements, including demand-side metrics and alternative data sources.
Business India's New Labour Codes: What Contract Workers Should Know About Wage Safety, Overtime and Benefits
India's new labour codes, subsuming the earlier Contract Labour law into the Occupational Safety, Health and Working Conditions Code, 2020, bring clearer definitions, shared responsibilities, and restrictions on contract labour in core activities. The changes affect millions of workers in factories, offices, and logistics hubs, with implications for international firms operating in India.
Trade Meta Employee Detained by Immigration Agents Post-Layoff
A former Meta employee was detained by US Immigration and Customs Enforcement following a layoff on May 20. The incident raises concerns about the treatment of immigrant tech workers in the US.
Business House Passes Faster Labor Contracts Act, Compressing Union Negotiation Timeline
The U.S. House passed the Faster Labor Contracts Act (H.R. 5408) on June 9, 2026, by a vote of 230-193, imposing a compressed federal timeline for first contract negotiations between employers and newly certified unions. The bill, sponsored by Representative Donald Norcross, now moves to the Senate where it faces a 60-vote threshold. The legislation could significantly affect union organizing and first-contract dynamics in sectors like trucking.
Regulations & Compliance Platforms Must Register Gig Workers by June 21
The government has mandated digital platforms like Swiggy and Uber to register gig workers on the eShram portal by June 21. This move aims to ensure social security benefits for workers. Non-compliance will result in penalties under the Social Security Code.
Business 9 Mothers Expands Hiring for Counter-Drone Systems
9 Mothers, a company specializing in counter-drone systems, is expanding its workforce in Austin, Texas. The company is hiring for 12 roles, focusing on rapid hardware and software development.
Technology Algorithmic Monocultures: Impact on Hiring Diversity
Algorithmic monocultures in hiring are creating homogeneous outcomes, impacting diversity. Over 90% of U.S. employers use similar algorithms, leading to systemic rejections and racial disparities.
Technology AI's Role in Transforming Supply Chains: Insights from Meta
Naomi Gleit, Meta's longest-serving employee, discusses the transformative impact of AI on supply chains. She highlights Meta's strategic initiatives and the broader implications for global trade.
Business M&S Launches Traineeship for 1,000 Young People
Marks and Spencer has announced a new traineeship program aimed at providing 1,000 young people in the UK and Ireland with career opportunities in retail. This initiative addresses the rising youth unemployment and aims to transform retail into a viable long-term career path.
Business Indian Entrepreneurs Drive U.S. Unicorn Growth
Indian-origin entrepreneurs are pivotal in the U.S. startup ecosystem, founding 96 unicorns, more than any other immigrant group. This trend challenges the narrative of immigrants taking jobs, highlighting their role in innovation and economic growth.
Logistics Trucking Jobs Decline in May, Reversing April Gains
Trucking jobs in the U.S. declined by 4,400 in May, reversing the gains seen in April. This fluctuation highlights ongoing volatility in the logistics labor market, affecting freight forwarders and logistics managers.
Logistics Amazon Wins NLRB Case on Joint Employer Status with DSPs
Amazon has secured a victory in a National Labor Relations Board (NLRB) case regarding its status as a joint employer with Direct Service Providers (DSPs). This decision, approved by an NLRB administrative law judge, prevents a precedent-setting ruling that could have affected Amazon's logistics operations.
Commodities India's Clean Energy Ambitions to Boost Job Market
India's ambitious target of 500 GW non-fossil fuel capacity by 2030 is set to generate over 44 lakh jobs, with rooftop solar being the largest contributor. The study by CEEW and NRDC India highlights the employment potential and gender imbalance in the sector.
Business Job Market Strain: Costly Interview Trip Ends in Quick Rejection
A Delhi jobseeker's costly trip to Hyderabad for a job interview ended in a swift rejection, sparking discussions on hiring practices and candidate treatment. The incident highlights the financial strain on jobseekers in a competitive market.
Technology Nvidia's H-1B Hiring Surge Amidst Industry Slowdown
Nvidia is increasing its H-1B hiring, offering top salaries despite a slowdown in foreign recruitment across the tech industry. This move underscores Nvidia's commitment to attracting global talent to maintain its leadership in AI development.
Business India's Gig Workforce Spurs Social Security Initiatives
India's gig workforce is projected to grow to 2.5 crore by 2030, prompting government initiatives for social security schemes. The e-Shram portal will play a key role in managing benefits for gig workers.