global layoffs

Some good news to chase away the Monday blues. Remember the thousands who lost their jobs globally? According to experts, a big chunk of those roles could move to outsourcing hubs like India in the coming months. This and more in today’s ETtech Morning Dispatch.Also in the letter:■ Crypto exchange Coinswitch to foray into Indian stock trading■ Startups outpace legacy auto companies in e-scooter launches■ Nuggets in numbers from the filings of IT companies Outsourcing hubs like India to bag 40% of jobs lost to layoffs In…

Image Source : PIXABAY Entrepreneur It has been reported that around 63 per cent of technology professionals have started their own company after being laid off- as 83 per cent of these new ventures have been in the technology industry. As per Clarify Capital- the lending firm, around 1 out of 4 tech workers could not find a job or get hired by another company post-…

About 63% of technology professionals have started their own company post-layoffs, with 83% of these new ventures being in the technology industry, shows a report from lending firm Clarify Capital.According to the report, nearly one in four tech workers couldn't get hired by another company post-layoff.The report included 1,000 surveyed tech workers who were laid off during the Covid-19 pandemic years and have since started their own companies.About 93% of workers said they are now competing with the company that let them…

German online fashion retailer Zalando said it was cutting hundreds of jobs across its workforce of 17,000, saying it had expanded too much and citing a difficult economic environment since the coronavirus pandemic. "We have decided to start a program that will remove several hundred overhead roles across many of our teams," it said in a statement. "Over the last few years, some parts of our company have expanded too much and we have added a degree of complexity to our organization that impacted our ability to act…