Among those affected was an Indian techie who had dedicated seven years to the company. Just a month prior, she had received a promotion and was looking forward to relocating from New Jersey to Washington DC. However, her hopes were shattered when she received a "cold email" from Tesla, informing her of the termination of her position due to restructuring.
Functional unit leaders require diverse skills like agility, credibility, emotional intelligence, and problem-solving abilities. Companies seek individuals with global leadership experience, focusing on succession planning and market positioning for external hires.
Professionals experiencing the "grass is greener" syndrome may find themselves considering returning to previous employers, termed "boomerang" candidates. Companies, recognizing the value in these individuals' fresh skills and perspectives, are strategically embracing this trend. Mid-career employees and even CXOs are increasingly participating, reflecting evolving workplace dynamics and the importance of alignment in values and leadership behaviors.
The halt in the green card application procedure could worsen the challenges encountered by international candidates seeking jobs in the US, especially in the technology industry. Amazon and Google have both temporarily stopped PERM applications until the next year.
"The re-appointment of Mr. Gautam Hari Singhania as Managing Director is subject to approval of the Members of the Company and is in compliance with the requirements of Stock Exchange circulars NSE/CML/2018/24 and BSE/LIST/COMP/14/2018-19 both dated June 20, 2018," the company said.
Meta's median employee earned a staggering $379,000 in 2023, with CEO Mark Zuckerberg noting a total compensation of $24.4 million. Despite receiving a nominal salary of $1 since 2013, Zuckerberg's wealth has soared by over $47 billion this year alone. The tech giant's net profit rose to $12.4 billion in the first quarter of 2024, with total revenue up by 27 percent at $36.5 billion.
Notable alumni include Sundar Pichai, CEO of Google's parent company Alphabet, Sheryl Sandberg, former COO of Meta Platforms, John Malone, chairman of Liberty Media, James Gorman, ex-CEO of Morgan Stanley, and Delphine Arnault, an executive at Louis Vuitton. Other prominent figures, such as Transportation Secretary Pete Buttigieg and Sen. Tom Cotton, also had stints at the firm.
Naukri’s JobSpeak Index for March, a measure of white collar hiring, showed hiring in oil & gas rising 22% over the previous year. Hiring demand for professionals with 16 or more years of experience was up 11% on a year-on-year (YoY) basis. Demand for AI and machine learning roles grew by 12% over March 2023, the report said.
Green jobs are on the rise globally, with India aiming to double its green job count. The industry focuses on upskilling, collaborating for R&D, and leveraging government initiatives to meet the demand for green skills.
Germany tops the list among non-English-speaking countries in a recent ranking of the most attractive places to work, with Australia leading globally this year. While primarily English-speaking nations dominated the top spots, Germany remains highly sought after, despite dropping to fifth place overall.
At a recent Google all-hands meeting, search leader Prabhakar Raghavan addressed the tech giant's evolving landscape. Donning a hoodie with the slogan "We use Math," Raghavan emphasized the need for adaptation, foreseeing challenges in maintaining ad growth. With sports metaphors and motivational calls, he stressed faster adaptation amidst increased competition and regulatory complexity, outlining plans to establish teams in key markets like India and Brazil to address these challenges.
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