Beyond Layoff

 The tech sector, which has long been considered a bastion of job security and stability, is facing a wave of layoffs in 2023 as companies navigate the economic fallout from the ongoing pandemic. One of the most high-profile examples of this trend is the recent announcement by Google, a leading player in the Tech and search space, that it would be cutting 12-15,000 jobs as part of a larger restructuring effort. The company cited the ongoing economic uncertainty and decline in demand for its products as the primary drivers behind the decision. The Sundar Pichai CEO of Google and  its parent company Alphabet  explained in a blog :  I have some difficult news to share. We’ve decided to reduce our workforce by approximately 12,000 roles. We’ve already sent a separate email to employees in the US who are affected. In other countries, this process will take longer due to local laws and practices. This will mean saying goodbye to some incredibly talented people we worked ha...

This week, the US Labor Department reported an extraordinary rise in unemployment claims. The individuals seeking unemployment support March 15-April 4 surged to 16.8 million. According to  Politico , “the number of jobs lost in a mere three weeks now exceeds the 15 million that it took 18 months for the Great Recession to bulldoze from 2007 to 2009.” Tech jobs have been lost all over the country, and across a variety of sectors. And, one obvious area that has recently been hard hit is the startup community in the Bay Area and elsewhere. Layoff Tracker has done a super job of tracking the layoffs that have troubled both well-known and established companies like  Yelp ,  Groupon  and  Zenefits , and dozens of new businesses that were just starting up or had recently received angel funding. Layoff Tracker  has been a key go to site for anyone in recruiting, freelancing or HR tech. In a recent article in  Crunchbase , Mary An...

A few days ago, the Indian media was buzzing with news of Japan opening its immigration program to attract hundreds of thousands of Indians. An article in the Economic Times said  Japan will open up its doors to about two lakh IT professionals from India, and issue green cards to settle down in Japan and support the country's rapidly expanding IT infrastructure, said Shigeki Maeda, Executive Vice President at Japan External Trade Organisation (JETRO), a government body, here on Thursday.   “Currently there are around 9,20,000 IT professionals in the country and there is an immediate demand for more than 2,00,000 IT professionals from India which is likely to further swell to 8,00,000 professionals by 2030," he said in his keynote address at the India-Japan Business Partnership Seminar, which was jointly organised by Bangalore Chamber of Industry and Commerce and Jetro.  The Japanese Immigration Bureau, Ministry of Justice has published a guide that expl...