India Jobs Crisis

Morgan Stanley has issued a major warning: India must grow at twice its current pace — 12.2% annually — to avoid falling into a “jobs trap.” Despite being the fastest-growing large economy, experts say growth near 6–7% isn’t enough to absorb over 80 million new workers entering the market this decade. From underemployment and skill mismatches to U.S. tariffs hitting labour-intensive exports, India faces a steep challenge. Will India rise to the challenge — or risk a looming jobs crisis?

Cisco Systems plans to cut 5% of its workforce or over 4,000 jobs, due to weak demand and a tough economy. The company also lowered its annual revenue target.

The median cost to company (CTC) is registered at ₹20 lakh pa, a bit lower than FY23's ₹22 lakh pa offers, but higher than ₹19 lakh pa offered for FY22.

Earlier in November 2022, the company had fired 10 percent of its workforce or about 350 employees in third such round of layoffs within a year

According to a report, Microsoft wants to cut up to 120 jobs in Germany

Although more than 30% of women have had some level of vocational training, a majority of the women somewhat about 85% of them received training in gendered areas of work such as sewing/ tailoring (62%), beating/make-up services (16%), and Mehendi application (7%).

Morgan Stanley has issued a major warning: India must grow at twice its current pace — 12.2% annually — to avoid falling into a “jobs trap.” Despite being the fastest-growing large economy, experts say growth near 6–7% isn’t enough to absorb over 80 million new workers entering the market this decade. From underemployment and skill mismatches to U.S. tariffs hitting labour-intensive exports, India faces a steep challenge. Will India rise to the challenge — or risk a looming jobs crisis?

Cisco Systems plans to cut 5% of its workforce or over 4,000 jobs, due to weak demand and a tough economy. The company also lowered its annual revenue target.