New Delhi, Jan 30 (IANS) Bhavish Aggarwal-run electric two-wheeler company Ola Electric on Friday announced to lay off approximately 5 per cent of the workforce owing to the “ongoing structural transformation”.In a statement, the company said it is “doubling down on speed and discipline through increased automation across its frontend operations”.“As part of this ongoing structural transformation, approximately 5 per cent of the workforce will be impacted,” Ola Electric said.It furth…
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Washington, Jan 23 (IANS) US lawmakers and homeland security officials have warned that China remains the most persistent cyber threat to American civilian infrastructure, a challenge that closely mirrors security risks faced by India and other major democracies.The warning came during a House Homeland Security Committee hearing focused on cybersecurity, transportation security, and emerging technology risks. Members from both parties said Chinese state-backed hackers are increasingly targeting …
Washington, Jan 14 (IANS) President Donald Trump said the US economy was “rocketing” on the back of a manufacturing revival, defending his rollback of electric vehicle mandates and predicting that robotics would play a growing role in addressing labor shortages.Speaking during an interview with CBS News at an active Ford assembly line, Trump pointed to expanded production across major automakers as evidence of economic strength.“If you went around this plant, like I have, they just announc…
Mumbai, Jan 13 (IANS) Around 97 per cent of HR leaders in the tech sector in India feel that work by 2027 will be done by humans working alongside AI rather than engaging with it intermittently, a report said on Tuesday.The report from Nasscom and Indeed, based on a poll of over 120 HR leaders in the tech sector in the country, found that 20-40 per cent of work in technology firms is already AI‑driven.Around 45 per cent of respondents reported that over 40 per cent of software development is n…
New Delhi, Jan 12 (IANS) Youth hiring in India is projected to grow by 11 per cent by 2026, generating approximately 1.28 crore new jobs, according to a report on Monday.The report by NLB Services showed that IT services will account for around 30-40 per cent, manufacturing around 12 per cent, healthcare around 13 per cent, fintech around 20 per cent, logistics around 10.7 per cent, and green energy around 4 per cent of these roles.“As we mark Youth Day on the lines of ‘Ignite the Self, Impa…