Jet’s top brass crumbles, IBM is cutting jobs, and more news
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The C-suite exodus at Jet Airways continues. The beleaguered airline informed the exchanges that CEO Vinay Dube has quit “due to personal reasons,” just a day after CFO Amit Agrawal resigned. Economic Times said, citing a person in the know, that chief people officer Rahul Taneja has also left the company. The exits come in the backdrop of a conditional bid by partner Etihad to invest in Jet, following which lenders have started looking for a new majority investor. Over the last couple of months, non-executive director Nasim Zaidi and whole-time director Gaurang Shetty, among others, have quit Jet’s board.
IBM has sacked nearly 300 employees across its services division in India, Economic Times reports, quoting unidentified sources. The tech giant’s focus on cloud and artificial intelligence is said to be causing job redundancies. IBM seeks to “re-invent itself” for pioneering “new high value technologies,” a company spokesperson said. Emerging technologies will add 14 lakh new jobs in India by 2027 but companies need to realign their workforce: Recently, Cognizant said it will shed jobs after two quarters of slow growth.
TikTok is giving Facebook a run for its money in India. Citing Sensor Tower data, Economic Times reports the Chinese app garnered nearly 89 million downloads in India in the first quarter of 2019, significantly higher than Facebook’s 37 million. That took TikTok’s India user base to 200 million, which is two-thirds of Facebook’s. To be sure, Facebook remains the platform of choice for advertisers given its engagement and extensive desktop presence. But experts feel the Menlo Park-headquartered social network needs to lure young, first-time internet users in India given the China market is off-limits for it.
Socio-economic status has a direct bearing on one’s ability to converse in English, shows a survey by Lok Foundation and Oxford University. More than four in 10 rich Indians can talk in English compared to less than 2% of the poor. There’s also a clear class dimension at play: nearly one in three graduates and one in eight urban-dwellers speak the language compared to just 8% of 10th-12th pass and 3% rural inhabitants. Religion and caste are the other key determinants. Earlier, official data showed Hindi speakers grew the fastest over 2001-11 while English and several south Indian languages lost their share.
The Reserve Bank of India has proposed a mobile app to help the visually challenged identify banknotes of all denominations. To that end, the central bank has invited bids from technology firms. The app’s requirements: identification through a mobile photo and audio feedback, voice searchability on app stores, and multi-lingual support, among others. Currently, only currency notes of ?100 and above carry intaglio printing-based sensory aids. The initiative is likely to benefit about 80 lakh visually impaired people in the country.
Idea of the Day: Recognition is an important part of building a healthy work culture, says Merryck & Co.’s Joan Shafer.
“One of the impacts of recognition is that it helps eliminate doubt. We perform an action and we wonder, how did I do?”
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Assistant General Manager
5 年Jet will ultimately be acquired by TATA, same ways Airtel acquired Telecom business of TTSL. ?Paid literally nothing got everything, Jet have lucrative business in international flights.
Student at Bagirte vitaly
5 年Job me
Attended bhartiya inter college katra bazar
5 年Job me
Founder & CEO @ Ideazfirst | Author and Wellness Coach, CSR & Environment & Social Governance (ESG) Consultant, Independent Director.
5 年Why is the aviation ministry allowing Jet Airways to die and leaving it unattended. It looks like an ICU patient oxygen and other services have been stopped due to non payment
MD (Anaesthesiology, PGI-Chandigarh), Sr Consultant-Professor Member Secretary (Ethics Committee), Sir Ganga Ram Hospital, New Delhi-Delhi
5 年Dear Subhojit,? Very relevant and pertinent note from you. The problem of overworking, working like machines, and remaining jittery in our thoughts as to whether we are doing right or wrong; has to do with decisions we make early in life and walking on them like genetic religion thereafter. Take this:? 1. We are taught and even pestered (, by parents, peers) in the beginning of our life to stay on top in everything we do = pressure on us 2. We from inside are inclined to do what is easy for us, what is convenient to us, and what suits us (in one word, its our Passion) = we take up career that aligns with our passion 3. We are always keen to get identified with our work profile = our own uniqueness gets a hit. Now what happens, we work hard to stay on top (or better than others), we do not have anything to do when we get back home because our innate passion is work, so after work hours, its only emptiness. Importantly, sleep is the absolute disconnect from the world and every day we ride on it to get detached from our day time vagaries. But what about conscious disconnection, i.e. we cannot get disconnected from our work if it is borne out of our innate passion. Therefore, no work=emptiness=empty mind is devils mind=??