Telehealth startup Cerebral to reduce 15% of workforce

US-Based telehealth startup Cerebral introduced, Fifteen percent of its workforce will be going cuts in terms of jobs.

The layoffs are part of Cerebral’s yearlong plan to reorganize the company and focus on the services patients want, reports The Wall Street Journal, citing sources.

However, it has not been confirmed how many jobs will be affected and in which areas.

Cerebral, which launched in 2020, has attracted hundreds of thousands of patients through social media ads and quick prescriptions for ADHD (attention-deficit hyperactivity disorder) and other mental health conditions, said the report.

According to PitchBook, which tracks private companies, the telehealth startup had a valuation of $4.8 billion in 2021, less than two years after it launched.

In October last year, the company laid off 20 percent of its employees, as part of an effort to meet patient demand and lower growth targets, mentioned the report.

Cerebral had 2,500 employees as of March 2022, before the layoffs, the report added.

Meanwhile, Swedish telecom gear maker Ericsson is laying off about 8 percent of its workforce, around 8,500 employees, to cut costs in the ongoing global macroeconomic conditions.

According to an internal memo sent to employees, the company said the headcount reduction has been conveyed to employees in several countries.

Web development firm Wix lays off 370 workers in 2nd round of job cuts

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Israeli cloud-based web development services company Wix has laid off 370 employees in a second round of job cuts, most of them in the customer service department in the US.

In August last year, the company laid off 100 employees, with the majority of those laid off working outside of Israel, reports Globes.

“With a heavy heart, I share with you that we have parted with 370 of our people. Most of them belong to our customer service organization, and most of them are in the US. Their managers have already informed them about the difficult news, offered support, and explained the process that is expected to take place,” Wix president Nir Zohar was quoted as saying.

“As you know the global economy has dramatically slowed down. We see this in all sectors … As a result of which Wix and all its rivals have experienced a global slowdown, the significance of which is that we need to staff smaller customer service,” he added.

Meanwhile, US-based cloud communications company Twilio has announced to lay off about 17 percent of its global workforce in a second round of job cuts amid cost-cutting measures.

In September last year, Twilio sacked 11 percent of its employees – more than 850 people from its 7,800-strong workforce globally.

Boeing to slash 2,000 jobs, outsourcing employees at TCS hit hard: Report

Aviation giant Boeing is slashing 2,000 jobs in finance and HR verticals this year and the company outsources about a third of those jobs to Tata Consulting Services (TCS) in Bengaluru, the media reported.

The rest of the jobs will “disappear” as Boeing reduces its finance and HR support services, reports Seattle Times, citing Mike Friedman, a senior director of communications at Boeing.

“Boeing employees trained Tata Consulting Services employees on that initial set of outsourced work, which TCS is scheduled to take over in the coming week,” the report mentioned.

Boeing now has nearly 3,500 direct employees in India and another 7,000 people in India employed at its suppliers, including Tata Group.

“The TCS non-engineering work for Boeing will be done at a new facility in Bengaluru,” the report said.

According to the report, these corporate positions will be slashed through substantial job cuts and layoffs.

“We expect about 2,000 reductions this year primarily in Finance and HR through a combination of attrition and layoffs,” Boeing confirmed.

“Over time, some of our corporate functions have grown quite large. And with that growth tends to come bureaucracy or disparate systems that are inefficient. So we’re streamlining,” Friedman was quoted as saying.

About 1,500 jobs will be cut in finance from a total of 5,800 company-wide, and up to 400 more in HR, about 15 per cent of the workforce there.

In another move to cut costs, Boeing has started requiring managers to prepare employee annual performance reviews for 2022 to classify 10 percent of their staff as failing to meet all expectations.

In addition to outsourcing work, Boeing hopes to reduce work both by simplifying processes and by cutting out some tasks.

TN to set up high-tech labs in Classes 6 to 8 with support from IT companies

The Tamil Nadu school education department will hire IT companies to set up high-tech labs in Classes 6 to 8.

Presently high-tech labs are set up in government high schools and higher secondary schools. The state school education department will direct the IT companies to procure computer systems for the projects.

Sources in the state school education department told IANS that each high-tech lab would be provided with 10 computer systems, a projector with a mounting kit, web cameras, and LAN connectivities with a hard disk capacity of 1 TB annually. High-tech printers, headphones, and CCTV cameras will also be installed.

The computer firm will provide UPS, and generators will also be kept available for uninterrupted power supply. The operating system will be open software and Linux will be provided. The IT firm will maintain each laboratory for five years and the company will also replace the worn-out equipment.

The company will appoint service engineers in each district to monitor the functioning of the labs and uninterrupted Internet connectivity will be provided to all the systems.

Extensive training will later be provided to five selected teachers from each school for properly handling these high-tech laboratories.

9 in 10 Indians believe hybrid job improves work-life balance

More than 9 in 10 (92 percent) Indian employees believe that a hybrid work environment improves work-life balance and over 7 in 10 (72 percent) say that the hybrid work model is more productive, a report showed on Tuesday.

About 88 percent said hybrid work is increasing employee retention. However, employees need better technological tools to thrive in the hybrid working model, according to a global study by PC and printer major HP.

Most employees are unwilling to go back to the office full-time as they are relishing the hybrid work model, which became a necessity in the last two years due to the pandemic.

“Organisations need to re-evaluate a hybrid workplace culture that offers flexibility and work-life balance while encouraging inclusivity, engagement, and a sense of well-being among employees. Most importantly, monitor employee satisfaction to boost productivity at large,” said Ketan Patel, Managing Director, HP India Market.

Employers too have something to cheer about as Indian employees indicate a higher probability of staying in their current job if given a hybrid work option.

“The hybrid model is seen to amplify employees’ chance to prioritize personal well-being. Most of the respondents prefer working from the office for two-three days a week,” the findings showed.

About 51 percent of respondents said that laptops help them carry out tasks more productively and 43 percent agreed that they have a more enhanced collaborative process through laptops.

According to the report, firms must provide access to better tools while conducting adequate training, to further boost productivity.

“Additionally, promoting a culture of trust within the workplace leads to inclusivity in a hybrid work environment,” it added.

In India, 30 percent of the respondents said that internet connection is one of the major disruptions.

61% Indians wary of revealing salary to co-workers, friends: LinkedIn

Sharing salary information is considered taboo in India, and 61 percent of professionals are more comfortable sharing their payment details with family members rather than with co-workers or friends, a LinkedIn report said on Thursday.

Just one in 10 professionals said they would discuss their salaries with coworkers they trust (13 percent) and peers they trust in other companies (9 percent).

According to LinkedIn’s Workforce Confidence Index, India’s overall workforce confidence has dwindled slightly.

“This is due to a volatile perception towards jobs, finances, and career progress in these times of global uncertainty,” said the report.

Despite a dip in overall confidence, India’s workforce remains optimistic about navigating these challenges as seven in 10 professionals say they are confident about reaching the next level in their field, their work experience, and education, and chances of their income increasing.

“Professionals are still not comfortable having conversations about pay in the workplace,” said Nirajita Banerjee, India Managing Editor, LinkedIn News.

Family and friends remain India’s closest confidantes when it comes to sharing the size of their paychecks.

However, “the current generation of young professionals are more willing to share pay information with their coworkers and industry peers as compared to other generations”, Banerjee noted.

In fact, Gen Z professionals are found most likely to share their pay across their whole network as compared to any other age group.

Around 72 percent of Gen Z and 64 percent of millennials in India say they are comfortable sharing their payment information with family members, while 43 percent of Gen Z and 30 percent of millennials are also willing to confide in their close friends.

“Gen Z is keen to influence change and eager to lead these conversations in the workplace, Banerjee added.

About 45 percent of professionals in India say pay discussions among peers are discouraged at their workplace.

Further, 36 percent of professionals in India also say they feel anxious about sharing their payment information with anyone.

S.Korea’s unemployment rate hits all-time low

South Korea’s unemployment rate hit an all-time low last month, but the pace of job growth slowed down for the third month in a row amid economic uncertainties, new data revealed on Friday.

The number of employed people stood at 28.41 million in August, up 807,000 from a year earlier, according to the data compiled by Statistics Korea.

It is the highest on-year rise for any August since 2000 when the country added 848,000 jobs from the previous year, reports Yonhap News Agency.

The country’s job market has improved markedly after being hit by the Covid-19 pandemic, with the number of employed people constantly rising since March last year.

But the growth slowed down for the third consecutive month, from 935,000 jobs added in May to 841,000 jobs in June and to 826,000 jobs last month.

The slowdown in job growth came as South Korea is facing multiple economic challenges, such as high inflation and slowing growth, amid external uncertainties over the ongoing Russia-Ukraine war and global monetary tightening.

The country’s jobless rate fell 0.5 percentage points on year to 2.1 percent in August, the lowest level since the statistics agency adopted the current data compiling methods to analyze the job market in 1999.

The employment rate of people aged 15 and older rose 1.6 percentage points on year to 62.8 percent in August, the highest for any August since the statistics agency began compiling related data in 1982, according to the data.

The number of economically inactive people — those who are neither working nor actively seeking jobs and people outside the labor force — reached 16.25 million in August, down 3.1 percent from a year earlier.

It marked the 18th consecutive month of an on-year fall.

The number of permanent workers grew by 907,000 on-year last month, while that of temporary workers and daily laborers fell by 78,000 and 97,000, respectively.

The increase in job posts for older adults led to overall growth.

More than half of the jobs added in August, or 454,000 jobs, were for people aged 60 and older, followed by 182,000 new positions taken by those in their 50s. Some 98,000 people in their 30s and 81,000 people in their 20s also landed jobs.

But the number of the employed among those in their 40s fell for the second consecutive month in August, the data showed.

Top results secured by the telangana students in the NEET exam.

Students of the Neet exam who have taken the exam recently have qualified for around 9,93,069 and  35,148 of the 59,296 passed in the Telangana state.

Telagana students also created history in the NEET exam results, which were released today, four students were in the top 50 at the India level.

Errabelly Sidharth Rao has secured all India 5th rank with a score or marks of 711,37th rank was bagged by Chappidi Lakshmi Charitha with 705 scores, With the score of the 705 the, Kachana Jeevan Kumar Reddy got the 41st rank into his account and Vurum Aadhithi has gained the 50th rank in the neet exam with the 700  the marks.

Total of the 10 ranks the PwD category holders got the ranks, Vasarla Jaswanth Sai got the rank 2493 through 661 scores.

In the ST category, Mudavath Litesh Chouhan reached first with an India rank of 400, Gugulothu Shivani got an all-India rank of 715, Navodaya Brinda secured the rank of 1373 and reached fifth place and the sixth position was bagged by the Anumeha Bhukya with the rank of 1619.

Involving with14 outside of India, over 18,72,343 students attended the exam at 3,570 centers around 497 cities on July 17 in 2022. Among the qualified students, male are 4,29,160, 5,63,902 are female and seven are transgender.

The exam has been performed in the 13 languages like Odia, Punjabi, Tamil, Telugu, and Urdu, Assamese, Bengali, English, Gujarati, Hindi, Kannada, Malayalam, Marathi.

The exam had also arranged for the first time in 2022 in the languages of Bangkok, Riyadh, Colombo, Doha, Manama, Kathmandu, Abu Dhabi, Kuala Lumpur, Lagos, Muscat, Sharjah, and Singapore, besides Dubai and Kuwait City.

Ethic character-building new lesson will be included in the Bengal school syllabus soon: Mamata Banerjee

As Bengal CM said, new the section for “character building” will be included in the Bengal syllabus soon.

Based on the West Bengal government and the state’s ruling Trinamool Congress with the force of corruption situation, a new statement has been announced on this particular subject.

Mamatha declares the statement about the new subject of character building in the syllabus when giving the felicitate to teachers on the occasion of ‘the Teacher’s day” On Monday.

Mamatha asked Bratya Basu who is the State Education minister about the quick process of adding subjects in the function.

The chief minister also made a significant statement on the occasion when she said that a person is not known by the property he or she owns. “How much money one owns is not the only identity of a person. Always remember the money you own today might perish tomorrow. Whether I will remain honest or not will depend on me only. All fingers are not the same. Just as there are good people in society, there are also bad people. So, for some bad people it would be unfair to malign the entire society,” she said.

To recall, since the time Partha Chatterjee and Anubrata Mondal were arrested in connection with teachers’ recruitment and cattle smuggling scams respectively, several Trinamool Congress leaders had been facing public wrath and humiliation. Several top Trinamool Congress leaders, including the chief minister, had been insisting in public meetings that it would be unfair to malign the entire party for the wrongdoings of some.

Speaking at the teachers’ felicitation program, the chief minister also said that at times even good people adopt the wrong path because of ill associations or mental depression.

The ongoing imbroglio over the teachers’ recruitment scam could have been solved much before had there not been constant public interest litigations (PIL) filed in the matter. “These legal hassles are delaying the entire process. I admit there had been some mistakes. But at least we should get a chance to rectify them,” the chief minister said.

According to her, the irregularities in the Trinamool Congress regime are coming to the limelight because of proper documents and papers. “During the previous Left Front regime, they used to destroy all papers and documents,” she alleged.

Availability of jobs in Japan improves for 1st time in 3 yrs

The availability of jobs in Japan improved for the first time in three years in fiscal 2021, owing to the gradual easing of the downside effects of the coronavirus pandemic, a government report said on Tuesday.

For the year through March, the job-to-applicant ratio edged up 0.06 points to 1.16, the Ministry of Health, Labor and Welfare said.

This equates to 116 jobs available for every 100 people seeking them.

Separate government data showed that in fiscal 2021, the average jobless rate dropped 0.1 percentage point to 2.8 percent.

The number of unemployed people in fiscal 2021, meanwhile, on an average basis, declined by 80,000 from the previous year to 1.91 million, the Ministry of Internal Affairs and Communications said.

Those in gainful employment in the recording period expanded by 40,000 to 67.06 million, the statistics bureau also said.

The number of workers in the health care sector increased substantially, the data showed, expanding 180,000 from the previous year to 8.92 million workers, the government said.

The data also showed notable growth in the telecommunications sector, with the number of workers increasing by 140,000 to 2.59 million.

Regular workers in Japan each month in fiscal 2021 totaled 35.94 million on average, rising by 190,000 compared to a year earlier, while non-regular workers totalled 20.77 million, increasing by 30,000 in the same reporting period.

The job availability ratio in March inched up to 1.22 from 1.21 in the previous month, marking the third consecutive month of increase, the government’s data showed.

The unemployment rate in March on a seasonally adjusted basis stood at 2.6 percent, meanwhile, which was a 0.1-point dip from the previous month, marking the second straight month of improvement.