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
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
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
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
The head of Tata Group, Mr.Ratan Tata says that Indian companies lack empathy as they layoff employees in these pandemic times. He also says that it is a knee-jerk reaction to layoff employees
In an interview, Mr.Ratan Tata says that the top leadership of these companies does not have empathy for its employees. In his own words “These are the employees who worked for you. These are the people who have served you all their careers. You send them out to live in the rain. Is that your definition of ethics when you treat your labor force that way?”
This pandemic has brought several losses to the Tata group. But still, these companies did not layoff any of its employees. Across the nation, several companies fired their employees due to lack of revenue
However, the salaries of the top officials at the Tata company are cut by 20%. Almost all the Tata group companies belonging to Airlines, Hotels, Finances, have incurred several losses
But they did not fire any of their employees till now. Mr. Ratan Tata says that if the company is not sensitive to its people, it cannot survive.
He further says that while everyone is chasing profits, if you are not ethical to your employees, there is no point. Business is not always about making money. Sometimes it’s about being ethical to your own employees
He also says that the important thing right now is to not shy away from making difficult decisions.
Ratan Tata was asked about the thing he missed the most during this lockdown. His response was ” It’s not been yachts, manors, and huge estates. It’s been a wonderful experience of interacting with people who stand for the same ideas as you do… that’s something I’ve come to miss “
HCL Technologies says the US visa ban will have minimal impact on its operations. The CEO says that this is the trend they already been following and now others are following it.
He further says that the company has enough people abroad in the US to continue its operations without any halt. He also says that the new rules are unfortunate, but the company already is prepared to handle this situation not just in the US but across the globe.
If this situation continues in the long term, the company has to come up with a new idea to address the situation, according to the CEO. He also says that at present the company delivers from across the globe and that is the work model they are using
The company believes that although the situation can be controlled, there should be some tweaks to maintain to operate next year.
HCL currently has 1.5 lakh employees globally. In the recent quarter, 63% of HCL revenue is from the US region. The company also brought its stranded employees from the US but didn’t officially announce any numbers.
Similarly, Infosys and Tech Mahindra also brought some of their stranded employees to their respective nations via chartered flights