The Economic Times
23 minutes
BENGALURU: Infosys has "released" 8,000-9,000 employees in the past one year because of automation of lower-end jobs, the company's human resources head Krishnamurthy Shankar said. He said these employees are now working on more advanced projects."We have been releasing about 2,000 people every quarter and also training them in special courses that will help them in their new assignments," Shankar said on the sidelines of an event organised by the Bengaluru chapter of Global Shapers, a body backed by the World Economic Forum.Shankar, who joined from Philips in 2015, added that with automation set to increase in intensity, the number of people it hires will come down over time.It's actually coming down already, though all of it may not be a reflection of automation and is likely also to be the result of the company not doing as well this fiscal as it expected.
The Sun Daily
33 minutes
Such ostensible trade-remedy actions are more likely than blatant tariff walls. These may, in turn, trigger retaliatory counter-actions by aggrieved governments, potentially leading to a spiral of trade protectionism, i.e., trade warfare. Fair trade? It is unclear how the new administration views FTAs more generally. The President-elect's objection to the TPP and NAFTA focuses on the goods trade, and the loss of manufacturing jobs due to cheaper imports, often brought in by the same companies which have chosen to relocate production capacities abroad, and are already mobilizing to resist actions which may jeopardize their profits. This view does not seem to recognize that technological change, particularly with automation, has been the major source of job losses. Many jobs remaining in the US have higher skill requirements, with fewer employees producing more goods with less labour-intensive techniques.
TIME - Top Stories
2 hours
U. migrants contribute more to Britain's economy than they take out. Constant vilifying friends across the Channel is an odd footing for U.K.-E.U. relations going forward, especially as attacks on foreigners in the U.K. continue and ideas, such as forcing British companies to produce lists of non-British employees, continue to float around. Nevertheless, the aim of the E.U. never was, is not and will not be to punish the U.K.. That is not a position to build a future relationship on. Therefore, I welcome Mays initiative to not move away from the historic ties that link the U.K. to the continent, but to continue our close co-operation in the areas of defense, security and the fight against terrorism. In these areas, Britain and the E.U. will be able to make quick agreements. However, other areas will be much harder to get right, especially as the hard Brexit option suggests there is not much interest in compromises that would require May's Conservative Party spending political capital on unpopular issues, including fulfilling the many commitments the U.
The Economic Times
2 hours
NEW DELHI: A section of bank trade unions have threatened to go on a day-long nation-wide strike on February 7 to press various demands including complete removal of restrictions imposed during demonetisation period and safeguarding the autonomy of the Reserve Bank of India. "It was expected that the government and the RBI would take necessary steps to mitigate the problems faced by the banks and the public but even now, we find that there is acute shortage of cash supply to the banks with the result that branches are not able to honour even the restricted payment of Rs 24,000/100,000 per week," AIBEA General Secretary C H Vekatachalam said. Apart from All India Bank Employees' Association( AIBEA), other unions which will be part of the strike are All India Bank Officers' Association (AIBOA) and Bank Employees Federation of India. Unions are also demanding publishing names of individuals who have defaulted in paying loans of Rs 1 crore and above so that stringent measures could be taken to recover bad loans.
South China Morning Post
4 hours
KyivPost
4 hours
The Economic Times
5 hours
"For years, foreign outsourcing companies have used loopholes in the laws to displace qualified American workers and facilitate the outsourcing of American jobs. The H-1B and L-1 Visa Reform Act would end these abuses and protect American and foreign workers from exploitation. I thank Senator Grassley for partnering with me on this important bipartisan legislation," he said. The bill among other things would crack down on outsourcing companies that import large numbers of H-1B and L-1 workers for temporary training purposes only to send the workers back to their home countries to do the same job. Specifically, it would prohibit companies with more than 50 employees, of which at least half are H-1B or L-1 holders, from hiring additional H-1B employees, the statement said.
Informed Comment
6 hours
His assistants fell for the ruse. Alternatively, a phisher might send dozens of intriguing offers to employees of a certain organization over the course of weeks. Each message provides a link for more information, and as soon as someone in a moment of boredom or confusion clicks on it, presto change-o, the hacker is inside that persons computer, free to worm through the network to which its connected. This is how hackers got into the computers of the Democratic National Committee (DNC) and downloaded not just emails but strategic planning documents and other confidential information. At this point no one aside from Trump die-hards and maybe Trump himself he has said so many contradictory things on the subject, its difficult to tell what he actually believes denies that the hackers were Russian and acted under some kind of official instruction, even possibly from the highest levels of Kremlin authority, including Russian President Vladimir Putin.
The Economic Times
6 hours
"For years, foreign outsourcing companies have used loopholes in the laws to displace qualified American workers and facilitate the outsourcing of American jobs. The H-1B and L-1 Visa Reform Act would end these abuses and protect American and foreign workers from exploitation. I thank Senator Grassley for partnering with me on this important bipartisan legislation," he said. The bill among other things would crack down on outsourcing companies that import large numbers of H-1B and L-1 workers for temporary training purposes only to send the workers back to their home countries to do the same job. Specifically, it would prohibit companies with more than 50 employees, of which at least half are H-1B or L-1 holders, from hiring additional H-1B employees, the statement said.
The Economic Times
6 hours
Infosys 'releases' 9,000 employees due to automationThe I-T giant said that with automation set to increase, the number of people it hires will come down over time. It's actually coming down already.
The Huffington Post
7 hours
Washingtons Blog
8 hours
The employees are purely megaphones for their boss’s views. That’s what they were hired to be, and that’s what they are if they succeed in their profession and rise up the career-ladder in it. Anything that a staff journalist writes (or allows to be published, if that person is an editor) contradicting the owner’s views , counts against that employee, and increases his/her likelihood of being eliminated, or at least of being denied a deserved promotion (because not doing the person’s job for the employer ). To be a staffjournalist’ is to be a ‘reporter’ for hire, who is willing to exclude reporting whatever facts the owner wants his/her audience not to know (which can be some very important things, such as that the President is clearly lying to say that solid evidence exists that “Saddam’s WMD” still exist). Unfortunately, almost all media-owners have an agenda that overrides truth — they dont obtain the huge funding that’s necessary to build audience-share if they arent backed by big money (billionaire investors, and mega-corporate advertisers) to begin with.
TIME - Top Stories
10 hours
MOSCOW (AP) Twenty-four hours before Donald Trump was to be sworn in as president of the United States, several dozen people packed a Moscow nightclub to get a head start on celebrating. Trump, Trump it is unbelievable. Trump, Trump, he's a superman, Trump, Trump symbol of America. Trump, Trump, he's really president, the Thursday evening crowd at Arbat 13 heard an 82-year-old, Soviet-born crooner sing in English. The small jazz club located a stone's throw from the Stalin-era tower housing Russia's foreign ministry might have been early, but it isn't the only place in the capital that Ronald Reagan associated with an evil empire to be toasting Trump. Across from the U.S. embassy compound in central Moscow, the Russian Army store put up a poster with the incoming president's picture to advertise inauguration day discounts of 10 percent for embassy employees and American citizens.
TIME - Global Spin
10 hours
But emergency responders said the force of the massive snow slide collapsed a wing of the hotel that faced the mountain and rotated another off its foundation, pushing it downhill. The situation is catastrophic, said Marshall Lorenzo Gagliardi of the alpine rescue service, who was among the first at the scene. The mountain-facing side is completely destroyed and buried by snow: the kitchen, hotel rooms, hall. The hotel in the mountain town of Farindola in Italy's Abruzzo region, is about 30 miles (45 kilometers) from the coastal city of Pescara, at an altitude of about 3,940 feet (1,200 meters). The area, which has been buried under snowfall for days, is located in the broad swath of central Italy that was jolted by Wednesday's quakes, one of which had a 5.7 magnitude. Farindola Mayor Ilario Lacchetta estimated that more than 30 people were unaccounted for: the hotel had 24 guests, four of them children, and 12 employees onsite.
China Daily
10 hours
Moving some colleges out of central Beijing, either to the suburbs or other cities, is necessary to ease overcrowding, according to political advisers, but any new locations will first need to meet the demands of employees.
ABC News - United States
11 hours
BNSF Railway has released the names of two employees who were struck and killed by a train in South Dakota
Sputnik International
11 hours
BBC One Northern Ireland
11 hours
That's the why we make money. You bring in inward investment. There are more employees, they pay more income tax. That's the why you get money.
BBC One London
12 hours
You bring in inward investment. There are more employees, they pay more income tax. That's the why you get money. APPLAUSE. Piers Morgan? expectancy 66 for men, 71 for women.
Breitbart News
12 hours
The Northern Echo
13 hours
Associated Press
13 hours
BBC One Oxford
13 hours
TechCrunch
14 hours