ICan Manpower

28/03/2023

26/03/2023

30 years same organisation

23/03/2023

Important & Crtical for young professionals to plan 37-38 years long Professional career with “precision”..Don’t rush it will be dangerous. 2 years back these professionals were negotiating with 8-9 offers & taking offers with 300-400% salary hike

15/12/2022

Congratulations Nishi & Team for participating in Job Fair organised by Tata Foundation..1st for iCan since 1998(interviewed more than 100 candidates in 8 hours)

12/12/2022

17/06/2022

When the Great Resignation wave began last year, employers were rather stunned. After having spent months working from home and proving that WFH didn’t, in fact, impact productivity as previously thought, employees didn’t want to go back to the office. They wanted better working conditions, better salaries, better benefits.

In India, nearly one million people working in the IT sector alone left their jobs in 2021.

The shifting job market also saw people being hired at stratospheric salary levels—50% hikes were par for the course, especially for software development, engineering, and product development roles.

“If the median salary of a grade is X, then the new hires are coming in at salaries 10-20% higher than X in 2022,” explains one source in today's story.

But what turned out to be the icing on the cake, in an employee’s market, is probably what’s hamstringing them in today’s employer’s market. Among other things.

High salaries. Way too many hires in a short span of time. Funding slowdown. All of these factors have come together to form the perfect condition for the Great Layoffs. Over 9,500 people have been laid off in total this year in India, and it’s not even a full six months into 2022 yet.

To be fair, employees have been laid off before. But last time, they were local. And companies such as Snapdeal and Housing.com, or even biggies such as Paytm, Oyo, Zomato, Ola were going through specific crises. Maybe funding dried up. Or hiring-led growth caught up with them. The layoff cycle may have lasted six months, tops.

And we’ve also written about them before:

• The story of 6000+ layoffs
• Hire to grow, fire to sustain: Indian startups’ layoff loop

But it’s different this time around. Layoffs are a global phenomenon, with the likes of Netflix, Meta, Coinbase, Superhuman all retrenching. The general consensus is that the hard times are here to stay for longer.

Are you in danger of being laid off? What sorts of jobs are safe currently? What factors do companies account for, when deciding which roles to lay off? Arundhati has all the answers in today’s crisply reported story: https://the-ken.com/story/is-your-job-safe-this-startup-layoffs-season/ (9-minute story)

Best,
Janane

Indian startups have seen ~ 10,000 layoffs in 2022. The Ken looks at which jobs are safe and which ones are not

27/08/2021

1)HR/Recruitment Intern & 2)Market/ Consumer Research Intern

27/08/2021

So true- Must read for all the professionals

27/08/2021

Anyone keen working as Intern pl get in touch with us