Published: Published on – 12:45 AM, Wed – Nov 16 22
It’s important to point out that behind the job losses are real software professionals whose financial futures are at risk.
Hyderabad: Gone are the days when careers in IT were synonymous with job security. The IT industry is certainly in a state of crisis as several tech giants hand over layoff notices to their employees.
While Elon Musk’s dismissal of roughly 50% of Twitter’s workforce has attracted attention, the microblogging site isn’t the only one “firing” its employees. Back in August, Snap, the parent company of Snapchat, laid off about 20% of its workforce. Meta laid off 11,000 employees and Microsoft laid off about 1,000.
Streaming platform Netflix has also cut about 450 jobs this year through October, and BYJU has laid off 2,500 employees in an effort to cut expenses. And now it is reported that Amazon will start laying off about 10,000 people as soon as this week.
But why the sudden layoffs, you may ask. Most tech companies that laid off employees saw one or both of these reasons.
One, people are glued to their devices during the pandemic, so tech companies have had to hire more professionals to profit from the boom. While they expected the surge to continue, it didn’t. So now they are cutting costs and laying off people. The second reason they say is the global economic slowdown.
While these big companies say they regret these lost jobs, it’s important to point out that beneath these numbers are real software professionals whose financial prospects are at risk.
The content of “national interest” is mandatory
According to the recently approved “Guidelines for Uplink and Downlink of TV Channels in India 2022”, all TV channels are required to broadcast content according to the national interest.
Under the new guidelines, content on “public service and national interest” should be at least 30 minutes long, for which eight topics have been given to the content creation channel.
Google paid a huge price
Google parent Alphabet was ordered to pay $391.5 million to settle complaints from a group of U.S. states led by Oregon and Nebraska amid ongoing legal battles. They claim that the search engine is illegally tracking users’ locations.
In addition to the huge amount, Google should now be more transparent about when and why their location is being tracked.
India lifts VLC ban
Earlier this year, the central government banned the VLC media player because of its alleged links to China, despite being open-source software from a French company. On Monday, it lifted the ban.
According to their tweet, the nonprofit Internet Freedom Foundation is helping the company by providing legal support for the issue.
