US WORKFORCE
India’s unemployment rate is 2%, says Mandaviya citing WEF report
Union Minister Mansukh Mandaviya states India has the lowest unemployment rate among G20 nations. The Labour Ministry partners with Mentor Together and Quikr to boost job opportunities. The PM-VBRY scheme allocates funds to create over 3.5 crore jobs. NCS is a key platform for employment facilitation. The government focuses on youth with schemes supporting employment and skilling.
After IBM, Microsoft, and Micron, now Dell to lay off an undisclosed number of staff in China
Dell China layoffs 2025: Dell Technologies plans to reduce its workforce in China. The company informed employees about the layoffs this week. The layoffs will affect staff in Shanghai and Xiamen. This is the third round of cuts in recent months. Dell's global headcount has already decreased. Other US tech firms like Micron, IBM, and Microsoft are also scaling back in China.
After Canada, US youth now face a tough job market – is America already in a hidden recession?
US recession indicators 2025: Despite US GDP growth, a report indicates young Americans face recession-like conditions. High unemployment, especially among recent graduates, and sluggish hiring in key sectors contribute to this reality. Economist Pascal Michaillat suggests current recession indicators overlook labor market distress, estimating a high probability of an ongoing recession.
Equirus Capital sees strong growth across Indian real estate segments
Equirus Capital highlighted strong momentum in India’s real estate sector, with robust growth across residential, commercial, and hospitality. Bengaluru emerged as a global hub, offering affordable office rentals, cost-effective workforce, and the highest commercial space absorption worldwide.
Can this American bill topple India's showpiece industry?
The proposed US HIRE Act threatens India’s $250bn IT sector, targeting outsourcing with a 25% tax on payments to foreign firms. While still unlikely to pass, it signals rising protectionism and populist rhetoric under Trump-aligned Republicans. Indian IT services and GCCs, heavily dependent on US clients, face real risks, prompting a need for market diversification and domestic growth.
India must build MSME, start-up ecosystems like China: Yogesh Pandit, Director, Pravriddhi at IISc
China has steadily built industrial clusters, enhanced logistics, and provided long-term incentives, enabling its industries to scale globally; India needs to chart a similar path, says Yogesh Pandit.
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Hyundai's eVTOL startup Supernal pauses work following executive departures: Report
Supernal announced the departure of CEO Jaiwon Shin late last week. David McBride, the CTO, has also left, the report said, citing people familiar with the matter.
IT Inc worries as US may slap tariffs on software exports
India's IT sector faces potential US tariffs on software exports, threatening its largest market and impacting firms already struggling with global uncertainty and AI-driven automation. The proposed tariffs could lead to double taxation and increased costs due to visa restrictions, potentially harming the growth of India-based service providers and GCCs, while raising delivery costs.
Huge relief for Americans in THIS state as millions to get unemployment benefits: Check eligibility and how to apply
The Texas Workforce Commission (TWC) offers unemployment benefits to eligible Texas residents who lost their jobs due to lack of work or other qualifying reasons. Benefit amounts are determined by wages earned during a base period. The deadline to apply for Disaster Unemployment Assistance for counties affected by devastating floods has been extended to Sept. 29, 2025.
Tech layoffs 2025 surge in US: Amazon, Microsoft, Meta slash thousands of jobs. Check full list of companies affected
In 2025, the US workforce faced significant disruptions due to federal layoffs, corporate restructuring, and economic pressures. Tech giants like Oracle, Salesforce, Intel, and Amazon announced substantial job cuts, often linked to AI adoption. Companies such as Block, Meta, Microsoft, and Google also implemented layoffs as part of restructuring and cost-cutting initiatives.
Did Trump carry out largest US enforcement operation? Chaos in Georgia after 500 detained in Hyundai plant raid
Many South Korean nationals were arrested Immigration and Customs Enforcement (ICE) carried out a raid at a Hyundai battery plant in the state of Georgia on Thursday. The arrested workers were being held at an ICE facility in Folkston, Georgia. ICE said arrested workers had violated their visitor visas. Hyundai has responded to the raid and South Korea, a key ally of the US, has expressed concern over the arrest.
Oil & Gas Industry Layoffs 2025: ConocoPhillips, Chevron, BP, Petronas, OMV, among companies cutting jobs
Oil and gas company layoffs 2025: Global oil and gas firms plan more job cuts in 2025. This follows reductions last year due to falling oil prices and industry changes. Halliburton, OMV, and ConocoPhillips are among those reducing staff. Chevron, BP, and Petronas also have layoff plans. Equinor and Shell are cutting jobs in renewables and exploration.
Is the US losing manufacturing jobs? Why Trump’s tariff gamble failed to deliver the promised factory boom
U.S. labor market stumbled in August, adding just 22,000 jobs — far below economists’ expectations of 75,000. The unemployment rate climbed to 4.3%, its highest level in nearly four years. Among the hardest-hit sectors: manufacturing, which shed 12,000 jobs in a single month.
'No more visas for India': How Charlie Kirk’s 'we’re full' remark could impact Indian professionals in the US
Charlie Kirk's recent remarks against providing more US visas for Indian professionals have sparked controversy, raising concerns about the potential impact on the US economy and innovation. His statement, made amidst US-India trade negotiations, has been criticized for targeting a community vital to key sectors like technology and healthcare.
US scrutiny on H-1B visas: MEA stresses mutual benefits of India-US mobility
India has defended the H-1B visa program amid growing US scrutiny over alleged misuse. MEA Spokesperson Randhir Jaiswal emphasized the mobility partnership's importance to technology, economic collaboration, innovation, and financial cooperation between the two nations. This response follows US probes into discrimination and concerns that Indian IT firms are leveraging the system to hire lower-cost workers, prompting calls for reforms.
From Wall Street to student street: How Nikkhil Mudgal is democratising global education finance
Nikkhil Mudgal, witnessing financial disparities, founded Lorien Finance to democratize global education. The New York-based fintech platform offers a full-stack ecosystem, integrating lending with essential support services like visa guidance and AI-powered counseling. Lorien has facilitated over $3 billion in lending, empowering students from underserved markets to pursue STEM and healthcare careers, fueling innovation and economic growth.
H-1B visa scrutiny rises as DOJ launches discrimination probes
The US Department of Justice is investigating H-1B visa-related hiring discrimination claims amid calls for program reform. Several probes are underway, examining allegations of companies favoring visa holders over qualified American workers. Policy changes are also reshaping the H-1B process, including a shift to a beneficiary-centric lottery and potential wage-based allocation.
Harvard wins court battle against Trump over $2.6 billion research funding freeze
The ruling reverses a series of funding freezes that later became outright cuts as the Trump administration escalated its fight with the nation's wealthiest university. The administration also has sought to prevent the school from hosting foreign students and threatened to revoke its tax-exempt status in a clash watched widely across higher education.
ConocoPhillips says it will cut workforce by 20-25%, shares fall
ConocoPhillips, a major U.S. oil and gas producer, plans to reduce its workforce by 20-25% as part of a significant restructuring effort. CEO Ryan Lance cited rising costs, exceeding competitors by $2 per barrel, as a key driver. The cuts, impacting 2,600 to 3,250 employees, aim to streamline operations by 2026.
Tokyo Electron to set up office in Dholera and Assam to aid semicon projects
Tokyo Electron, which makes equipment for semiconductor production, is looking to set up offices at Dholera in Gujarat and in Assam to support Tata Electronics' upcoming fab and assembly and test units, a senior executive at the Japanese company said.
Tokyo Electron to set up office in Dholera and Assam to aid semicon projects
Tokyo Electron plans to establish offices in Dholera, Gujarat, and Assam to support Tata Electronics' semiconductor initiatives. The Dholera office will accommodate 200-300 engineers, training facilities, and a parts warehouse. While focusing on R&D in software, AI, and robotics, the company envisions future manufacturing in India driven by automation.
Don’t subscribe to this hype about superintelligence, says former Infosys executive Vishal Sikka
Vishal Sikka, founder of Vianai Systems, dismissed fears of AI “superintelligence,” calling them misleading and harmful to real progress. He stressed AI’s strengths in productivity while noting its flaws like hallucinations.
Gen Z jobs crisis: Millions out of work, and it’s young men taking the biggest hit
Gen Z unemployment in the US 2025: Gen Z graduates, particularly men, are facing a challenging job market with rising unemployment. Data reveals that young men are disproportionately affected, with higher unemployment rates compared to women. The surge of AI is shrinking opportunities in tech and finance, sectors where men are heavily concentrated.
Union Minister Piyush Goyal meets Lam Research CEO to discuss India's semiconductor growth
Union Minister Piyush Goyal met with Lam Research's CEO to discuss the company's India growth plans, focusing on building a next-gen semiconductor ecosystem. This follows Lam Research's significant investment of over Rs 10,000 crore in India, a move hailed as a major vote of confidence in the country's semiconductor vision.
Stanford study likens AI’s impact on jobs to ‘canaries in a coal mine,’ warns entry-level workers face the highest risk, and explains why
A Stanford Digital Economy Lab study, “Canaries in the Coal Mine? Early-Career Job Losses and AI Exposure”, reveals AI’s early impact on the U.S. job market. Employment for 22 to 25-year-olds in AI-exposed roles like software engineering and marketing has dropped, while older workers remain stable. Non-AI fields show growth, suggesting young workers are shifting careers. Despite AI-driven efficiencies, wages have stagnated since 2022, raising concerns about inequality and long-term workforce disruption.
All upcoming US federal holidays from September to December 2025
America gears up for five federal holidays till December 2025. Celebrations begin with Labor Day on September 1. Columbus Day and Indigenous Peoples’ Day fall on October 13. Veterans Day is on November 11. Thanksgiving arrives on November 27. Christmas rounds out the season on December 25. The nation will observe these holidays with closures and festivities.
Immigrant workforce shrinks by 1.2 million, raising concerns across US economy
Over 1.2 million immigrants have exited the US labor force this year, impacting sectors like farming, construction, and home healthcare. Stricter immigration enforcement and a halt in border influx are contributing factors. This decline is slowing job creation and raising concerns about labor shortages across various industries, potentially affecting essential services.
India's factory growth hits more than 17-year high in August, PMI shows
India's manufacturing sector saw rapid growth in August. Production increased due to strong demand. The HSBC India Manufacturing PMI reached a high point. New orders grew robustly, but export orders softened. Firms increased hiring, though at a slower pace. Inflationary pressures also increased. Business confidence improved despite U.S. tariffs.
Global players eye India's tech gaps as strategic opportunity to back country's chip manufacturing ambitions
Global players are eyeing India's semiconductor ecosystem, recognizing opportunities to support its chip manufacturing ambitions. Companies are increasing operations, localizing equipment manufacturing, and investing in R&D and workforce training. Semicon India 2025 will showcase this collaboration, with Delta Electronics among those leveraging their expertise to contribute to India's growing semiconductor industry.
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