Morgan Stanley will move about 75 jobs from its operations team in Shanghai to India and Hong Kong as it seeks to improve back-office efficiency, a person with knowledge of the matter said. The New York-based bank plans to shift a third of the affected roles to Hong Kong and… Read more »
By Arundhati Ramanathan
Uber went from a headcount of 150 in early 2015 to 500 by the end of the year, and is keeping up the pace as it tries to catch up with larger rival Ola. Uber, which claims to have a market share of 40%, is present in 27 cities. Ola cabs ply in 102 cities.
Chipmaker Broadcom Ltd, the company created following the merger of Avago and Broadcom, said it would cut about 1,900 jobs globally across its businesses. Shares of Broadcom, which also supplies to Apple Inc, were up 8 percent at $148.20 in extended trading on Thursday. The company said it expects to take… Read more »
Indian startups have raised $3.5 billion in funding in the first half of 2015 and the number of active investors in India has increased from 220 in 2014 to 490 in 2015.
Microsoft Corp is cutting about 1,000 jobs in a new round of layoffs, CNBC said in a tweet on Thursday. CNBC said the new cuts would be in addition to those announced earlier. Microsoft could not be immediately reached for comment. The company said in July it would cut 7,800… Read more »
Finland’s Rovio, maker of hit mobile phone game Angry Birds, said it will axe about a third of its workforce and will spin off its learning business to focus on games, media and consumer products. The company will cut 213 jobs, having said in August it planned to slash up… Read more »
The Philippine government has taken to job matching tech startup Kalibrr to enhance its recruitment activities, and is using this platform to invite more young Filipinos to join the civil service, with five of the top public agencies posting their vacancies here. The Department of Finance (DOF), Bureau of Internal Revenue (BIR),… Read more »
Rocket Internet is supporting the expansion of online jobs portal Everjobs across Asia and Africa, following its successful launch in Myanmar. Everjobs co-founder Ronald Schuurs said the company sees an immense opportunity to create a convenient job portal for fast growing economies in the two continents. “Everjobs challenges the status… Read more »