tech industry

The possibility of a second Donald Trump administration has raised concerns over the revival of the anti-immigration agenda in the US, even as the tech industry is already ringing alarm bells about the H-1B visa fee hikes. The unprecedented fee hikes are likely to be implemented from 2025.Next year, the H-1B visa registration fees are to increase 2,050% from $10 to $215, while the application fee will increase 70% from $460 to $780. Initial registrations for the fiscal 2025 H-1B cap began March 6 and will continue till…

Even as India's technology industry surpasses $250 billion in revenue, it is expected to grow at a slower pace of 3.8% to reach $253.9 billion for the 2023-24 fiscal year ending March, as per to the Annual Strategic Review report by the National Association of Software and Service Companies (Nasscom).The year-on-year growth rate is touted to be 3.8% as compared to 8.1% growth to $244.6 billion in FY23, as per the report released by the industry body on February 16. Nasscom had projected the growth to be 8.4% in the…

Image Source : FILE OpenAI OpenAI, the founding company of ChatGPT has continued to disrupt the tech industry, and now the company is working to inspire innovation and competition among industry giants like Apple and Google. With the massive success of ChatGPT, OpenAI has signalled to expand further, and as per the reports, the company is venturing into the domain of…

Have you suffered an “involuntary career event” recently? Perhaps you were a casualty of “corporate outplacing,” the unfortunate, yet ostensibly necessary result of your company “rightsizing.” Managers are running out of ways to say you no longer have a job. Layoffs in the first month of 2024 have left tens of thousands without jobs, with the tech industry alone cutting 32,000 roles. The way the bad news is delivered is more important than ever, as companies fear being canceled on social media after a poorly executed…

Parents of deceased and exploited children heckled Meta CEO Mark Zuckerberg on Wednesday during a Senate hearing on the role tech companies play in online child sexual exploitation.  Parents holding photos of their deceased children, many of whom died by suicide, audibly hissed at Zuckerberg as he entered the chamber. According to NBC News, some of the family members who attended the hearing hold Meta’s subsidiary, Instagram, responsible for facilitating the abuse and suicide of their children.  As the CEO…

I was watching a video of a keynote speech at the Consumer Electronics Show for the Rabbit R1, an AI gadget that promises to act as a sort of personal assistant, when a feeling of doom took hold of me.  It wasn’t just that Rabbit’s CEO Jesse Lyu radiates the energy of a Kirkland-brand Steve Jobs. And it wasn’t even Lyu’s awkward demonstration of how the Rabbit’s camera can recognize a photo of Rick Astley and Rickroll the owner — even though that segment was so cringe it caused me chest pains.  No, the real…

Image Source : FILE Representational Image Salesforce, a major enterprise software company, is reportedly cutting around 700 jobs, which is approximately 1 per cent of its workforce of about 70,000 people. This comes a year after the company reduced its staff by 10 per cent, or roughly 8,000 employees, to address investor pressure to cut costs. Previous…

Discord, the social chat and messaging startup beloved by gamers, told employees Thursday that it would cut 17% of its staff, adding to the string of recent jobs reductions by tech firms.Roughly 170 jobs will be affected by the layoffs, according to an internal memo sent by Jason Citron, Discord's founder and CEO, which was seen by The New York Times.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIIM KozhikodeIIMK Advanced Data Science…

As tech layoffs are set to continue unabated in 2024, the cybersecurity industry was not immune from job losses and more than 110 cybersecurity companies fired thousands of employees in 2023. Once largely untouched, jobs in the cybersecurity sector were also affected this year despite an ever-increasing number of cyber attacks and data breaches, reports TechCrunch.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Senior Management ProgrammeVisitIndian School of…

Nearly 60% of businesses surveyed reported having either matured Responsible AI (RAI) practices and policies or having initiated formal steps towards adoption of such responsible practices, according to a report by industry body Nasscom. About 30% reported having basic awareness of RAI imperatives without a formal strategy or framework, the report said citing the early insights on the state of RAI in India. Based on analysis of the data collected through a survey of over 500 senior executives from across large…