The united states is seeing a concerning rate of employment losses in 2024; this trend began last year. Even when economic worries lessen, many businesses continue to exercise caution, which prompts them to reduce staff. For indian experts employed by these multinational behemoths or in allied industries, this tendency has significant ramifications.
 
The IT sector, which employs a large number of indian professionals, has been especially badly affected. Significant layoffs have been announced by amazon, a major participant in cloud computing and e-commerce, across a number of its businesses, including Buy with Prime, Audible, Twitch, and amazon Web Services. This impacts not just the American labor force but also indian workers who perform remote work or are engaged in contract positions for these departments.

Google's parent company, Alphabet, has also been laying off employees; this has been most evident in its X Lab, advertising sales, and hardware businesses, which include Fitbit and Pixel. About 1,900 jobs have been cut by microsoft in the gaming division, while ibm intends to lay off employees but is prioritizing hiring for AI positions. This translates into more employment uncertainty for many indian workers in these locations. Another major setback is Intel's intention to eliminate about 17,500 positions, or 15% of its global workforce.
 
As Intel reorganizes its manufacturing division, indian engineers and technical personnel may experience uncertainty in their roles. Additionally, personnel reductions are being made by eBay, Snap, Salesforce, DocuSign, and Unity Software. Huge layoffs are planned by banking institutions and IT companies like PayPal and Citigroup. tesla intends to reduce nearly 10% of its worldwide workforce in the automotive industry as a result of decreased sales and increased competition. Jobs are being eliminated by industrial and healthcare organizations, as well as by retailers like Nike and Walmart. Professionals from india working in relevant fields can lose their jobs or have less possibilities.
 
 
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G GOWTHAM

15/08/2024 07:35 AM