hiring | Business Upturn

Amazon introduces AI tool for office workers to boost productivity

Rashmi Pandey — Tue, 28 Apr 2026 16:11:33 +0000

Amazon has introduced a new AI tool designed to help office employees boost productivity, while also expanding Amazon Connect into a wider set of agentic AI solutions for business operations.

The new workplace-focused tool is part of Amazon Web Services’ broader push into enterprise AI. Earlier reporting on Amazon’s business software efforts said the company launched Quick Suite, a chatbot and set of AI agents that can analyze sales data, generate reports and summarize online content for employees and teams. The platform was positioned as a work assistant for routine office tasks and was described as a successor to Amazon’s earlier Q Business product.

Separately, Amazon Connect is expanding from a single product into a family of four agentic AI solutions, according to Amazon’s own announcement. The new suite includes Amazon Connect Customer, Amazon Connect Decisions, Amazon Connect Talent and Amazon Connect Health, each aimed at a different business function such as customer service, supply chains, hiring and health care.

Amazon said the tools are designed to fit into existing workflows rather than forcing companies to rebuild their systems. The company said the products draw on its own experience running large-scale operations and customer-service systems across its businesses.

The expansion reflects a broader race among major technology firms to offer AI tools that can automate everyday work and support business decision-making. Amazon’s pitch is that its agentic systems can do more than chat: they can analyze information, help employees act on it and streamline routine operations across departments.

Amazon Connect has already been used by companies including State Farm, Air Canada and U.S. Bank, according to Amazon’s materials, and the company says the next phase is to bring more autonomous AI functions into that ecosystem. Amazon also said newer capabilities can help businesses deploy AI-powered customer experiences more quickly, including through integrations that reduce the time needed to launch services.

With both workplace productivity tools and expanded customer-operations software, Amazon is trying to turn its AI push into a broader enterprise platform rather than a single product launch.

Gen Z faces employment challenges – Know in details

Aditya Bhagchandani — Thu, 02 Jan 2025 07:15:08 +0000

As Gen Z (born between 1997 and 2012) enters the workforce, many are encountering significant obstacles in securing and retaining employment. Economic instability, shifting workplace expectations, and financial constraints contribute to these challenges.

Economic Factors and Job Market Dynamics

The global economic landscape has created a competitive job market, making it difficult for young professionals to find stable employment. For example, a record number of young individuals have turned to government exams and secure roles amidst economic slowdowns and rising unemployment rates. However, fiscal constraints have diminished the appeal of these traditionally secure positions.

Financial Constraints Impacting Job Acceptance

Financial barriers are preventing Gen Z individuals from accepting job offers. Many in this age group are rejecting opportunities due to high commuting costs and the expense of professional attire. This creates a cycle where poor mental health impacts their work, and unemployment worsens their mental health. Additionally, many young professionals worry about achieving financial security amid the rising cost of living.

Employer Perceptions and Workplace Integration

Employers express concerns about integrating Gen Z into traditional work environments. Recruitment experts and business leaders are cautious about hiring this generation due to perceived risks. Businesses view Gen Z hires as requiring more training and often cite low retention rates as a concern. These perceptions have impacted hiring trends globally.

Addressing the Challenges

To bridge the gap between Gen Z job seekers and employers, several strategies can be implemented:

Enhanced Training Programs: Providing comprehensive training can equip Gen Z employees with the necessary skills and confidence to thrive in the workplace.
Flexible Work Arrangements: Offering remote or hybrid work options can alleviate financial burdens related to commuting and professional attire.
Mentorship Opportunities: Establishing mentorship programs can help young professionals navigate workplace dynamics and foster a sense of belonging.
Addressing Age Discrimination: Creating an inclusive workplace culture that values contributions from all age groups can mitigate feelings of being undervalued or patronized.

While Gen Z faces notable challenges in the current job market, collaborative efforts between employers and young professionals can lead to meaningful employment opportunities. By understanding and addressing the unique obstacles this generation encounters, the workforce can become more inclusive and resilient.

OYO to fire 600 tech employees while hiring 250 people for sales

Aryan Jakhar — Sun, 04 Dec 2022 02:17:43 +0000

Oyo, a startup in hospitality and travel technology, announced on Saturday that it is laying off about 600 of its 3,700 employees as it discontinues several products and reorganises teams.

The firm announced that it is expanding its partner relationship management and business development teams while decreasing the size of its product and engineering teams, corporate headquarters, and Oyo vacation homes teams. Despite announcing at least 600 job cuts, the corporation indicated it will still hire 250 new employees.

According to Oyo, the new hires would aid in expanding the number of lodging establishments and residences available on its platform. It also promised to support “as many employees as it can” with outplacement and maintain their medical insurance coverage for another three months.

“Product and engineering teams are being merged for smoother functioning,” Oyo added in its statement.

“The downsizing in tech is also happening in teams that were developing pilots and proof of concepts such as in-app gaming, social content curation and patron-facilitated content. Additionally, members of projects that have now been successfully developed and deployed such as ‘partner SaaS’ are being either let go or are being redeployed in core product and tech areas,” it added.

The soon-to-be public hospitality company stated that in order to improve efficiency and capitalise on synergies, it is shrinking some areas of the business while merging other aspects of its European holiday homes division. The corporation is flattening team structures, consolidating positions that are similar, and reevaluating its corporate headquarters base.

“We will be doing all that we can to ensure that most people we are having to let go are gainfully employed. Every member of the Oyo team and I myself will proactively endorse the strength of each of these employees. It is unfortunate that we are having to part ways with a lot of these talented individuals who have made valuable contributions to the company. As Oyo grows and a need for some of these roles emerges in the future, we commit to reaching out to them first and offering them the opportunity,” said Ritesh Agarwal, founder and group CEO in a statement on Saturday.

The hotel unicorn is apparently planning to go public in 2023, so the layoffs coincide with that plan. Oyo submitted a draught red herring prospectus (DRHP) with Sebi in October of last year with the intention of raising Rs 8,430 crore, but the idea was later abandoned. Even as unfavourable market conditions threaten the startup industry, the IPO-bound company is reportedly aiming for a public offering in 2023.

Oyo reported a 24% YoY increase in revenues to Rs 2,904.62 crore and a lowering of its losses to Rs 747.13 crore in a new addendum to its draught IPO submitted with market regulator Sebi last week (H1FY23). However, compared to a negative adjusted Ebitda of Rs 280.36 crore in the same time previous year, the hospitality unicorn posted a positive adjusted Ebitda of Rs 62.93 crore in H1FY23.

According to a previous announcement, Oyo has expanded from a few hundred hotels when it first launched in 2013 to more than 800 cities as of 2019. In more than 800 cities, including the US, southeast Asia, and Europe, Oyo had around 23,000 hotels, 850,000 rooms, and 46,000 vacation homes prior to the epidemic, according to a public statement from the company in June 2019.

Nearly 16,000 positions have already been cut by new-age firms in India this year, and more are expected to be eliminated by the end of the year, according to forecasts. Despite job cuts across all industries, edtech companies have been particularly hard hit as demand for online education declines. BYJU’S, Vedantu, and Unacademy are just a few of the edtech businesses that have already cut 6,500 positions.

OYO planning to hire over 300 tech professionals in next six months

Sneha Sengupta — Thu, 19 Aug 2021 14:19:40 +0000

Softbank endorsed hospitality company OYO is aiming to hire around 300 technology professionals comprising software development, engineering, product managers, designers, data scientists across entry-level to senior position roles. The augmented design, product and engineering teams will be accountable to construct long-term capabilities for OYO from scratch and upgrade to the next-gen tech stack.

OYO possesses a tech stack of around 50 products and 500 microservices, comprising its consumer and partner apps such as OYO, OYO OS, Co-OYO, also several artificial intelligence, machine learning and analytics such as a dynamic pricing application called tariff manager.

“At OYO, we believe in the philosophy to keep the ‘geek’ alive in our techies. We don’t put our talent in a box. Instead, we allow them to think big and think differently. We’ve been blessed to have a diverse pool of tech talent and believe that each new bright mind will bring gripping ideas to the table, ultimately leading towards our goal to build a tech-first global platform that truly sets the tone for the future of travel,” said Ankit Mathuria, Chief Technology Officer, OYO.

“Over the past year and a half, we’ve been doubling down on our technology and pioneered several industry-first innovations to enhance customer experiences and maximise revenues for SMEs of hotels and homes. As an organisation that is deeply committed to solving problems with technology, inducting top tech talent is a key priority for us,” said Dinesh Ramamurthi, Chief Human Resources Officer, OYO.

OYO is now aiming to fabricate a strategic round from global IT firm Microsoft at a valuation level of $9 billion. The company is also strengthening up for an initial public offering and has selected investment banks like JP Morgan, Kotak Mahindra Capital and Citi.

Lenskart to expand workforce by adding over 2,000 employees by 2022

Diya S. — Wed, 11 Aug 2021 13:27:15 +0000

On August 11, New Delhi-based eyewear retail chain company, Lenskart, announced its plans to add more than 2,000 employees across the nation by March 2022.

Furthermore, the brand will expand its international teams in Singapore, West Asia as well as the US by adding 300 more employees.

According to a statement, Lenskart has been aggressively hiring across verticals, especially the team of technology and data science, by recruiting data scientists, business analysts, data engineers and experts.

Additionally, the company is aiming to add 1,500 more retail employees to manage their rapidly increasing stores along with over 100 engineers to the technology team across Bengaluru, Delhi NCR, and Hyderabad.

Over 300 employees are set to join the supply chain and manufacturing operations, while another 100 people will be hired for corporate functions like finance, consumer insights, human resources and merchandising.

The founder and CEO of Lenskart, Peyush Bansal, added that the company has continued to grow exponentially in both domestic and international markets and is building a strong presence in regional markets through its stores and e-commerce.

“This has opened up several job opportunities across Lenskart to serve and delight our customers at a huge scale. So, hiring is a key aspect in our growth journey and we are looking at actively hiring skilled talents across verticals for regions like Hyderabad, Bengaluru, Mumbai, and Delhi, among others”, Bansal continued.

The company has raised funds from KKR, SoftBank Vision Fund, PremjiInvest and IFC, among others.

Goldman Sachs to recruit nearly 2000 employees by 2023

Bhaswati Sengupta — Mon, 19 Jul 2021 13:16:50 +0000

Goldman Sachs, in press release, stated that it will hire over 2000 employees by 2023 for its new office in India.

On Monday, the company disclosed the opening of its new office. The new office is a part of the commitment to expand its global Centre for engineering and business innovation in India, as cited in the press release from the company.

The press release further noted, “In adherence to local government guidelines, Hyderabad operations commenced remotely in March 2021 and currently have about 250 employees.”

The company looks forward to strengthen the Hyderabad office with almost 800 employees by the end of 2021. Among these 800 employees, 70 per cent are expected to be new hires.

“By 2023 the size of Hyderabad office could reach as many as 2,500 employees”, the press release added.

As per reports, the new facility was inaugurated by Telangana IT and Industries Minister KT Rama Rao.

David M Solomon, chairman and chief executive officer voiced that the new office will serve as a crucial innovation hub for a wide range of Goldman Sachs business and enhance its reputation as a global firm.

According to Mint, in 2004, the company initiated its first office in Bengaluru, which developed as the second largest technology hub in the world comprising nearly 7,000 professional.

The new Hyderabad office and Bengaluru office is likely to complement each other in execution and support offered to global business. Both the offices, will collectively establish the Goldman Sachs Services Pvt. Ltd entity in India.

Over 500 engineers to be hired by Nuclear Software by year end

Vaibhav Agrawal — Thu, 08 Jul 2021 05:09:46 +0000

By the end of the year, over 500 engineers are being planned to be hired by Nucleus Software that provides lending and transaction banking solutions, as per a report released by The Economic Times. According to a statement, till December 2021, 500 fresh young engineers coming from non-metro cities and towns across India shall be target by Nucleus for hiring.

The statement further added that not only through direct hiring but also through tie-ups with engineering colleges across Uttarakhand, Punjab, Haryana Karnataka, Tamil Nadu, Himachal Pradesh and Rajasthan, this shall be undertaken.

Every year around 2,000 people and nearly 200 to 250 campus hires are absorbed by Nucleus Software. Along with another 20 colleges being onboarded this year, with educational Institutes, the company has more than 50 partnerships in place. To make these young graduates industry-ready, on cutting edge technology for the global financial sector, they shall be trained in an intensive 6 to a 12-week program conducted by the Nucleus School of Banking Technology, the statement added.

Supporting corporate banking, retail lending, cash management along with mobile and Internet banking, automotive finance and other business areas, the operations of more than 200 financial institutions in over 50 countries is being powered by Nucleus Software and more than 26 million daily transactions are being facilitated by its products.

As mentioned by Vishnu Dusad, the managing director of Nucleus Software, since most corporates do not hire from smaller colleges, although engineering graduates from smaller towns and cities have a lot to offer their potential is usually left untapped.

Amazon to hire 100,000 addition personnel due to surge in demand

Aditi Swarup — Mon, 14 Sep 2020 10:32:25 +0000

The pandemic has resulted in a global economic slowdown but most online and tech ventures are doing pretty well.
After seeing a record high in its profits from April to June and increased demand, Amazon has decided to hire 100,000 more employees to meet with the surging demand.

While Amazon hires additional staff pre-holidays, they announced that this hiring will be different.
These employees will be hired for both part-time as well as full-time roles.

Amazon is hiring 100,000 full and part-time employees across the U.S. and Canada, offering starting wages of at least $15 an hour.

Read more via @business https://t.co/MsWqvyeAWA pic.twitter.com/DENPBfEeu0

— Bloomberg Originals (@bbgoriginals) September 14, 2020