Trump signs an executive order against hiring H1B visa-holders. This new executive order prevents the hiring of these H1B visa holders for federal contracts.
This is a huge blow for candidates, especially H1B visa holders and federal agencies. This restricts federal agencies in contracting or sub-contracting the H1B visa holders.
Earlier, a month before Trump signs an order for the restriction of issuing new H1B visas. This move will be in effect until the end of 2020. Trump believes that this order will protect the US workers to get jobs
Several IT companies depend on this visa to hire candidates from around the world, especially India and China. Trump also says that this decision will stop the companies from firing hard-working Americans in favor of foreign candidates.
This new executive order lets the federal agencies have an internal check to make sure if they are in compliance with the new rules. This enables federal agencies to only hire US nationals for these jobs
Trump also says that this move will encourage the merit-based immigration system. This move will also bring highly skilled workers from around the world to generate jobs in the USA and not replace Americans at their jobs
Tech Mahindra launches MHealthy to fight against COVID. It is a solution to enable community safety and the workforce against COVID-19. It uses artificial intelligence and machine learning for data-driven diagnostics.
The company rolls out phase-wise screening across all of its India’s offices. It also plans to roll this all employees, customers, etc. MHealthy helps the company screen employees at regular times.
Also, this will help the company with data related to immunity status, comorbid conditions, etc.
This solution by Tech Mahindra not only does a risk assessment but also screens multiple factors that contribute to the risk. The key attributes of this solution are 96% accurate antibody test on a single platform.
This solution will connect the health providers with the employees of the company to track and monitor the health of the employee at regular intervals. This will also enable real-time dashboard with all the info
Also, audio/video consultation is also provided through this platform. The company wants to reduce the time and action in this way
Apple may generate 55000 jobs in India by moving their manufacturing bases from China to India. This move will also add to the Make In India initiative.
According to the report, Apple wants to shift its 6 production lines from China to India. With these production lines, Apple wants to serve the local demand as well as export to other countries.
Not just iPhones, but Apple wants to manufacture laptops, tablets, etc in India. As of now, iPhone XR is manufactured in the country. By manufacturing in India, Apple saves around 20% tax for the import duty
Currently, these iPhones are made in India by a contract manufacturer Foxconn. Foxconn also submits proposals to avail the benefits of government’s 50,000 incentive scheme
Along with Apple, several other companies like Samsung, Lava, Dixon, etc want to manufacture in the country. This might create around 11 crore jobs in the next 5 years along with the 55000 jobs by Apple
Toronto is becoming a new superpower as Immigrants choose Canada over the US. Due to the new immigration laws of the US, the silicon valley’s undisputed stand as the number one tech hub might be in danger
In the past few years, thousands of workers are moving to Toronto. This has helped the city become one of the fastest-growing tech hubs. Most of the immigrants are avoiding the US to escape from the rules made by the trump’s administration
Recently, Trump also announces the temporary suspension of US visas. These visas are issued annually to the migrant workers. Every year, the US allocates 85000 visas for foreign skilled workers.
This year with the temporary suspension, Trump’s administration also says that this is indirectly a threat to local job opportunities. Meanwhile, Canada is taking this opportunity to welcome people across the world.
Since 2013, the number of jobs in Toronto is increased by 54%. Several Canadian companies are utilizing this opportunity very well. According to a study in 2016, 25% of the total workers in Canada are immigrant workers.
The CEO of Tech Mahindra says that 30% of Tech Mahindra will soon WFH permanently. The company recently announces its quarterly results. During the press release, the CEO announces this company’s decision
He also says that currently, 90% of its entire workforce is working from home. Also, all of their customers are quite happy with the employees of the company meeting their expectations.
The CEO also says that under these circumstances, at least for 1-2 quarters there will be fewer people working from offices. In the initial phases of working from home, business process services teams faced some difficulties
The company also invested in an integrated command line to put in the mitigation plans. The peers of Tech Mahindra are also looking to implement the mixed work models
Some companies like HCL says that WFH may not be a permanent model for them. The Chief Human Resources Officer of HCL says that WFH is not suitable both physically and mentally for longer durations
Due to the impact of COVID, 11000 employees resigned from top Indian companies in the last 90 days. This is the first in recent times when the employee count of these top companies reduce drastically
Although, these companies are hopeful of hiring in the upcoming days
In the April-June quarter, India’s largest software company TCS lost 4786 employees. In the same quarter, 3138 employees resign from Infosys. While the numbers at Wipro and Tech Mahindra are at 1082 and 1820 respectively.
A cumulative of around 11,000 employees resign from all these companies. Mr.Pravin Rao, the COO of Infosys says that currently the company has stopped hiring but it already has recruited around 5000 laterals around the world.
All these new recruits are onboarded remotely. Infosys also says there are plans to bring around 20,000 freshers this year.
Meanwhile, at Wipro, CFO says that the company has enough talent for its projects. He also says that the company always looks for revenue and if there is a need to hire new talent, the company is going to hire
After announcing job cuts in May, the food delivery company Swiggy announces that more job cuts are happening. Due to the slow business recovery, the company decides to cut 350 more jobs.
The company says that the whole industry only recovered 50% of its peak after the lockdown. After the lockdown, the company wanted to realign its resources. These resources are to be used by the company in higher potential areas
However, as the whole industry has only reached 50% of its potential and due to the losses, the company decides to let go of 350 jobs.
Although, Swiggy offers three to eight months of salary for the employees who lost jobs. The impacted employees can avail their insurances and health benefits from the company
To recover the losses due to the lockdown, Swiggy starts delivering alcohol as well, in certain parts of the country. Previously, Swiggy also started grocery delivery.
Zomato and Swiggy, both started partnerships with the local shops and started delivering the groceries.
SBI Recruitment 2020. 3850 officer openings. More details can be found on the official website of the bank https://www.sbi.co.in/web/careers
The last date to fill the applications is August 16, 2020. Candidate with graduation or a similar degree is eligible. Also, the candidates will need to appear for an interview and will be selected based on that.
Selected candidates will join either of the following circles
3850 Circle Based Officer posts Gujarat-750 Posts Karnataka-750 Posts Madhya Pradesh-296 Posts Chhattisgarh-104 Posts Tamil Nadu-55 Posts Telangana-550 Posts Rajasthan 300-Posts Maharashtra (excluding Mumbai)-517 Posts Goa-33 Posts
Application Fee: A fee of Rs.750 is applicable for General candidates, but SC/ST candidates will have no fee
Important Dates to remember: Starting date to fill the application: July 27, 2020 Last Date: August 16, 2020
He also says that this is a big step towards reducing the gap between job seekers and recruiters. He further requested all the migrant workers to come back to Delhi as the situation becomes more and more stable day by day
The Chinese Telecom company Huawei lays off more than 50% of its staff in India. This decision comes after the ban on Chinese goods in India. The company also reduces the revenue target for India by 50%
The news came out that excluding the staff in research and development, the company is laying off around 60-70% of its India staff
The initial ban on the Chinese apps in India comes after news broke out that 20 Indian soldiers were killed by the Chinese Army in the Himalayas. This resulted in loss of revenue for almost all the Chinese companies affected.
Now, Huawei lays off more than 50% of its staff in India.
Also, the Indian government tells two state-owned telecom companies to use locally made equipment for their 4G upgrade
Wipro’s benched staff receive pay cuts. In an extended bench period, the employees who are put on the bench will be on the loss of pay. This extended period will last for 3 months
The company says that these employees will only receive insurance coverage and nothing else. Usually, in IT companies, the bench means that the employee is not part of any billable projects.
The count usually varies from 5-7% employees on the bench at any time. In bigger companies, the count can be more. In Wipro, the new change is directed towards employees who are already on the bench and received a bad assessment of their work.
The company sends out an email to the employees stating that while on the bench the employee may choose to use their available leave balance. Once the leave quota is over, the employee will be on unpaid leave for the rest of the period on the bench.
These are one of the first actions taken by the new CEO. If any employee fails to join any billable project in the given period, the company has the right to terminate the employee, according to the new rules.
Karnataka government approves the 70% local jobs policy. This is a new industrial policy for 2020-25, that aims to allocate 70% of the total job openings to Karnataka people.
The industries Minister of Karnataka, while announcing this policy says that the state aims to attract Rs.5 lakh crore worth of investments. Under this policy, around 20 lakh job opportunities will be provided.
This new policy will also help Karnataka to become third in merchandise exports in the whole country. Currently, it is in the fifth position. The state is also aiming for a 10% increase in industrial growth. In order to achieve this, the state is promoting industrial activity in areas other than Bangalore
The investment promotion will also be provided to the companies based on the turnover. These companies will receive 10% of the turnover per year, until 5 years. Exemption of stamp duty, concession on registration charges will also be provided.
These companies will also be provided with reimbursement of land conversion fee. But for medium, large, and mega industries the investment subsidy will be of 1.75% to 25% for a total period of 5 to 10 years