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Newsletter | Meta's top Indian execs laid off in final phase of job cuts; B'luru pays highest salary in India & more
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Newsletter | Meta's top Indian execs laid off in final phase of job cuts; B'luru pays highest salary in India & more
May 26, 2023 3:19 AM

Here's a rundown of 11 significant news stories to keep you in the know:

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Meta Layoff: Top Indian executives laid off in the final phase of job cuts, employees say 'sad it ended but anxiousness finally over'

“Sad it ended but glad it happened, The anxiousness is over finally,” Surabhi Prakash a Business Engineer at Meta wrote on LinkedIn after she was laid off by Facebook, Instagram and WhatsApp's parent company in the final phase of job cuts.

These job cuts have had a significant impact on various departments and operations, as they were part of a larger plan announced in March to eliminate a total of 10,000 roles. Notable employees affected by the layoffs, according to a Reuters report, include Avinash Pant, director of marketing for India, and Saket Jha Saurabh, director of media partnerships.

Read here

Bengaluru pays highest salary in India; jobs with lucrative packages to rise: report

A new report has revealed a range of salary growth between 3.20 percent and 10.19 percent across various industries, which is slightly slower compared to the previous year.

However, despite a dip in overall salary growth this year, over 41 percent of job profiles in various industries have just a 5 percent pay difference between permanent and temporary roles. Furthermore, as organisations continue to focus on growth and digital transformation, the demand for Sales and IT roles has remained quite high.

Read here

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