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Wednesday, July 9, 2025 12:51 AM

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Unemployment rate rises in India, declines in the US

Data from the Centre for Monitoring Indian Economy (CMIE) show that in August, with a two million decline in employment, India’s unemployment rate increased to a one-year high of 8.3%. On the other hand, since late last year, the number of open positions in the US has surprisingly surpassed 11 million. Therefore, employment growth has exceeded all forecasts, and the unemployment rate has decreased by 3.5%. In India, there were 397 million people employed in July, with a 6.8% unemployment rate. The unemployment rates in metropolitan areas are often greater than those in rural areas, hovering around 8% and 7%, respectively. However, in August, India’s urban unemployment rate increased to 9.6% while the country’s rural unemployment rate increased to 7.7%. In rural India, the employment rate dropped from 37.6 percent in July to 37.3 percent in August. Unpredictable rains that have an impact on sowing are to blame for this decline. In the US, employers recruited more people than anticipated in July, resulting in a decrease in the unemployment rate to 3.5%. This has caused people to think that the recession has been averted. About 398,000 new jobs were generated in June. Given the tight labour market, the US private sector added about 132,000 jobs in August, indicating that there has been growth, albeit slowly.

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PwC plans to hire 10,000 more people in India in the next four years

PwC has announced plans to grow its team over the next five years or less in honour of the 150th anniversary of the company in India. With an emphasis on diversity, skill development, and equal growth opportunities, the company keeps working to ensure that its employees have a challenging and all-encompassing work environment. In less than five years, the company wants to hire 10,000 individuals throughout its network of companies as part of its growth plans. Emerging technologies, including cloud, digital, analytics, and cyber technologies, will be given priority in the hiring process. According to Sanjeev Krishnan, chairman of PwC India, the company has learned a lot over the past 150 years and has “taken those learnings to become stronger, more focused and better positioned to deliver on our purpose of solving important problems and building a strong culture of respect, inclusion and transparency.” PwC India has offices all over the country today and provides a variety of professional services to its clients. After reporting a 22% YoY increase in revenue in the previous fiscal year, it has been investing in technology and management consulting, risk, and deals, as well as making organic acquisitions to scale up and enhance current problem-solving skills. In an effort to increase its reach and access the talent pool in India, it has built three new offices this year. With our new strategy in place, we are still steadfastly committed to doing our part to help India achieve its goal of being a $5 trillion economy, according to Krishnan. “We look forward to collaborating with our clients, our people and the larger stakeholder ecosystem to create the virtuous cycle between earning trust and delivering sustained outcomes necessary for our country to emerge as a global leader,” he continued.

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Microsoft and EnAble team up to provide PwDs employment opportunities

As part of the “Inclusion To Action” initiative, Microsoft and EnAble have signed a memorandum of understanding (MoU) under which they would work together to create about one lakh job opportunities for persons with disabilities (PwDs). This collaboration will assist in bringing together different stakeholders from different sectors to transform career prospects for PwDs and make this enormous untapped talent pool significantly productive. The partnership between Microsoft and EnAble India is the result of the former’s five-year global commitment to close the global gap in PwDs’ access to technology, employment, and education. EnAble India, a non-profit organisation, has been working to help PwDs become economically independent as well as to help them maintain their dignity and command respect for more than 20 years. With Microsoft joining its mission, more than 100 Indian organisations from a variety of industries, including financial services, manufacturing, retail, and technology, will now work together to provide PwDs with tech skilling, mentorship, internship, and job initiatives. PwD candidates will be able to improve their grasp of digital accessibility, which is becoming more and more crucial in the current hybrid work environment, due to the technical skilling programmes. Increased PwD representation will inevitably lead to inclusive product development, which will benefit people with disabilities who use technology. PwDs will also have access to training programmes on modern office tools, which will increase their efficiency.

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Why Indian e-commerce companies are rushing to hire delivery personnel

E-commerce companies in India are rapidly increasing their delivery staff numbers out of concern that they may suffer during one of the busiest shopping seasons of the year, which starts in earnest next month. The decisions were made as the job market became tighter – India’s unemployment rate fell below 7% in July for the first time since January – and inflation remained high, which complicated the outlook for the sector, which has long struggled with chronically high employee turnover. TK Balakumar, chief operating officer at online grocery seller BigBasket, told Reuters, “Overall demand for the gig workforce has seen a sharp increase and that is not completely supported by the increase in pool size of delivery people… It is not a free flowing pool.” The company, sponsored by the Tata group conglomerate, increased the number of delivery partners in its instant delivery section BB Now from 500 in the March quarter to 2,200 in the quarter that ended in June. By March 2023, it hopes to increase that number even more, to roughly 6,000. BigBasket and other e-commerce companies, like Dunzo, employ their own delivery staff, but others, like cosmetics-to-fashion retailer Nykaa, rely on outside vendors. According to a report released in June by think tank NITI Aayog, the number of people employed in gig work—of which delivery workers and salesmen make up a sizable portion—is predicted to increase to 9.9 million in India in 2022–23, an increase of roughly 45% from 2019–20. Sekhar Garisa, strategy chief at business services provider Quess Corp., stated that “People… look at a delivery job as a job in transit, they move off to something else, you’ll always have shortages and then in cases where there is a specific event or festival, there’s definitely a challenge that the delivery requirement goes up.” Companies like Quess and TeamLease function as middlemen between e-commerce businesses and job seekers in Tier 2 and Tier 3 cities across the nation. Some companies were hopeful that the labour shortage scenario would improve. “There’s a constant churn and movement that has existed for 4-5 years. It can cause a temporary crunch but we don’t think it is a long term thing because supply and demand will match,” Reuters was told by Kabeer Biswas, the CEO of Dunzo. Dunzo presently has 75,000 delivery partners and is supported by Reliance, a company owned by Indian billionaire Mukesh Ambani.

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HBO Max will layoff 14% of its workforce

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The streaming service HBO Max will layoff 70 employees, or around 14% of its workforce. These layoffs are a result of the merger between WarnerMedia and Discovery, which took place last year in 2021. These cost-cutting measures are being used by David Zaslav, CEO and president of Warner Bros. Discovery, the organisation that is currently the parent company of HBO, and they will have an influence on the departments of casting, foreign, acquisitions, and reality programming. According to reports, the decision will apparently help save billions after the merger, which can then be utilised to build a new corporate structure that will guarantee there won’t be any redundancies in the future. Along with the adjustments and efforts to save and safeguard the majority of HBO Max’s scripted content, there has also been a restructuring. The restructuring comes nearly three months after AT&T’s WarnerMedia and Discovery Inc. officially merged. According to reports, AT&T received $43 billion in debt and cash. There is still $53 billion in debt, therefore the company is attempting to slash expenses in order to save $3 billion by 2023. Several weeks ago, as rumours of the planned layoffs started to circulate, viewers feared that original scripted shows would be cancelled. The announcement of the shelving of “Batgirl,” which was finished at a cost of roughly $70 million, furthered the rumours of show cancellation.

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Kerala High Court asserts that an employee’s pension is a constitutional right 

The Kerala High Court asserted that a retired employee’s pension payment is a constitutional right, if not a fundamental right, and is not subject to the employer’s whims or fancies. According to Justice VG Arun, a pension is a “deferred salary,” and as such, it should be recognised as property under Article 300A of the Indian Constitution. According to him, pensions shouldn’t be viewed as a “bounty” that employers can withhold from their workers or pay whenever, whatever, and anyway they like. The Kerala Books and Publications Society (KBPS), a registered society owned by the State government and whose staff were eligible for the Employees’ Provident Fund (EPF), Miscellaneous Provisions Act, and Employees’ Pension Scheme, received the petitions from current and retired employees. Despite the fact that the Kerala government owned KBPS in full, the labour unions called attention to the significant disparity between the pay and pensions of KBPS employees and those of government employees. As instructed by the Labour Court, a special committee of experts was established to investigate the creation of a special fund for KBPS employees. The committee had recommended that the pension be paid in accordance with Part III of the Kerala Service Rules and that the government provide financial assistance in the form of a budget allowance. The KBPS Employees Contributory Pension and General Provident Fund Regulations, 2014 were later released after receiving state approval. The retired employees argued that, in accordance with the Pension Regulations, they should get a full pension beginning on the day they retired.

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Ratan Tata backs Goodfellows, India’s first startup for senior citizen companionship

Ratan Tata, chairman emeritus of Tata Sons and a prominent supporter of startups, recently announced an undisclosed investment in a start-up that offers senior citizens companionship as a service. The newest investment by Tata has been disclosed in Shantanu Naidu’s start-up firm Goodfellows. Naidu has been employed by Tata since 2018. He is a graduate of Cornell University’s Cornell Johnson Graduate School of Management and a general manager in Tata’s office. Ratan Tata and Shantanu both adore dogs and stray animals, and Shantanu founded a company called Motopaws to cater to them. Naidu estimates that 50 million elderly people live alone and without someone with whom to share their life. Naidu refers to the 84-year-old industrialist as his boss, mentor, and friend. Startup Goodfellows hires young people with emotional intelligence and sensitivity to serve as senior citizen companions. In order to make their days easier, they assist them with any task. Presently, 20 senior citizens in Mumbai are being assisted by Goodfellows companions. They intend to provide services in Bengaluru, Chennai, and Pune. The senior citizens must be visited three times per week, and companions are expected to stay with them for about four hours each time. After a one-month trial period, the company charges Rs 5000 as the base subscription fee for a month.

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Microsoft fires 200 employees from its R&D projects and gives them 60 days to find other jobs

Microsoft reportedly fired 200 more employees soon after firing 1800 employees as part of a restructuring effort. This time, it has requested that members of its R&D team look for alternative positions inside the Company within two months or else be prepared to take a severance. This particular situation has an effect on even contract employees. This comes as a bit of a surprise as Microsoft announced plans to add more personnel soon at the same time it laid off the initial batch of 1800 employees. About 1% of the employees in consulting, customer, and partner solutions lost their jobs in the previous round. This time, the impacted staff members are from the company’s Modern Life Experiences (MLX) business, which was established roughly four years ago to concentrate on customer retention, reports Business Inside. In July, the software behemoth already reduced employment, citing a need for restructuring. According to recent reports, the software company is attempting to reduce expenses and costs. Employees have been instructed to cut back on spending on official gatherings, business travel, and outside training. According to media reports, managers have reportedly started paying for the food and beverages at team meetings out of their own pockets rather than billing the company for them. Companies seem to be halting or stopping recruiting and turning to layoffs due to a fear of a recession.

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Skill India to upskill 75,000 workers in NDMC via RPL Programme

In collaboration with the New Delhi Municipal Council (NDMC), the National Skill Development Corporation (NSDC), a knowledge partner of the Ministry of Skill Development and Entrepreneurship (MSDE), has launched a project to identify the prior skills of 75,000 people in the 18-45 age group and upskill them. Through Sector Skill Councils (SSCs) and the training companies they have appointed, this initiative for previous learning recognition (RPL) and upskilling will be implemented in three stages. There will be two methods of implementation: RPL through camps, which will focus on traditional and industrial clusters, and RPL at employers’ premises, which will work with businesses and employers to provide orientation and training on-site. In addition to having their technical skills improved, the trainees will learn about digital literacy and entrepreneurial potential. These trainees will also receive two years of accidental insurance during the programme. The trainees will receive certification through the project, making them more marketable in the volatile job market and able to actively participate in nation-building. The project will be implemented by NSDC and funded by NDMC and SANKALP (a World Bank Project under MSDE). Aiming to upskill 25,000 individuals in a variety of industries, including plumbing, electrical work, construction, pottery, and so forth, the first part of the programme has already started. PMKVY, the flagship programme of Skill India, has a component called prior learning assessment and recognition (PLAR). A person’s existing skill sets, knowledge, and experience acquired through formal, non-formal, or informal learning are evaluated through this procedure. The procedure aids in bringing the nation’s unregulated workforce’s competencies into line with the standardised National Skills Qualification Framework (NSQF), which improves employment prospects and reduces the skill gap.

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HCL’s TechBee initiative to hire 2,000 class 12 students

HCL Technologies is planning to engage at least 2,000 students who have passed Class 12 in 2021 or 2022 across the state of Karnataka as part of its “catch them young” initiative. These students ought to have received at least a 60% and should have studied business or mathematics in class 12. They will be enrolled in the TechBee early career programme run by the international provider of IT services in India. In the cities of Bengaluru, Shivamogga, Hubballi, and Mysuru in the state of Karnataka, interviews are already being conducted for the position. To help students become employable in the IT industry, the Company has an agreement with the Karnataka Skill Development Corporation (KSDC). The initiative has already benefited about 8,000 students from all over India. Students who are chosen have the chance to intern with HCL after completing the intensive training programme for a year. They receive a stipend of Rs 10,000 during the internship and get to work on HCL projects. Those hired by HCL have the opportunity to enrol in an undergraduate programme at a prestigious university like BITS Pilani, Amity University, or SASTRA University. About five years ago, the TechBee initiative was started in an effort to find talented class 12 students, particularly those from tier 2 and tier 3 towns. The goal was to assist them in achieving financial independence. The course, which had an initial batch of 80 students back in 2017, is now so in-demand that over 4,000 students enrolled last year and almost 8,000 this year.

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