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New Delhi: The Indian garment and knitted fabric sector is witnessing a bit of uncertainty due to the <keyword id="22498521" type="General" weightage="20" keywordseo="Bangladesh-crisis" source="keywords">Bangladesh crisis</keyword>, Finance Minister <keyword id="19916618" type="General" weightage="100" keywordseo="Nirmala-Sitharaman" source="keywords">Nirmala Sitharaman</keyword> said on Saturday, expressing hope that the interim government there will settle things "sooner rather than later." Interacting with the media on the sidelines of customary post Budget address to the central board of <keyword id="19899810" type="General" weightage="20" keywordseo="Reserve-Bank-of-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Reserve Bank of India" meta.hostid="261" meta.entityid="Reserve Bank of India">Reserve Bank of India</keyword>, she said efforts are being taken to ensure that borders with the neighbouring country are safe. With regard to Indian investments, she said, the textile industry particularly from Tamil Nadu has made investments there in good faith and they have done well having gone there. "The exports from <keyword id="19919639" type="General" weightage="20" keywordseo="bangladesh" source="keywords">Bangladesh</keyword> also increased because of the duty and quota liberal approach that we have towards low-income countries. They (Indian garment industry based in Bangladesh) could even export to India." Particularly, she said, the garment and knitted fabric sector is seeing a bit of uncertainty because of the crisis in the neighbouring country. "I hope that the investments are all safe... it's too early for me to see what kind of an impact this situation in Bangladesh will have on our economy. I hope that the interim government will settle things sooner rather than later so that both the people of Bangladesh and India can get back to normalcy," she said. Earlier this week, Bangladesh plunged into a political crisis when Sheikh Hasina resigned as the Prime Minister and fled the country. Soon after Parliament was dissolved leading to the creation of an interim government. The 84-year-old Nobel laureate Muhammad Yunus on Thursday took oath as the head of an interim government, replacing Sheikh Hasina who abruptly resigned and fled to India leaving the country in turmoil following deadly protests against her government over a controversial quota system in jobs. On Friday, Bangladesh's interim leader Yunus announced the portfolios of his 16-member council of advisors and named a former top diplomat to head the foreign ministry. The Nobel laureate's first task is to bring stability to Bangladesh after he responded to a call by student protesters for him to temporarily lead the country following weeks of deadly anti-government demonstrations against the government led by Sheikh Hasina.

Garment sector facing uncertainty due to Bangladesh crisis, normalcy may return soon: FM Nirmala Sitharaman

On a sweltering Tuesday, over 25,000 job seekers reportedly descended upon <keyword id="19895282" type="General" weightage="20" keywordseo="Mumbai" source="keywords">Mumbai</keyword>’s Kalina for a walk-in interview hosted by <keyword id="22441082" type="General" weightage="20" keywordseo="Air-India-Airport-Services-Ltd" source="keywords" meta.keywordsubtype="org" meta.entityname="Air India Airport Services Ltd" meta.hostid="261" meta.entityid="Air India Airport Services Ltd">Air India Airport Services Ltd</keyword>. The company had advertised 2,216 vacancies for the handyman position, a role requiring various repair and maintenance tasks. Despite the limited number of openings, the sheer volume of <keyword id="20595636" type="General" weightage="20" keywordseo="applicants" source="keywords">applicants</keyword> led to chaos, highlighting the fierce competition for <keyword id="19898684" type="General" weightage="20" keywordseo="employment" source="keywords">employment</keyword> in the region. The scene outside the <keyword id="19930602" type="General" weightage="20" keywordseo="recruitment" source="keywords">recruitment</keyword> office quickly turned chaotic as thousands jostled for a chance at the job. To prevent a <keyword id="21446700" type="General" weightage="20" keywordseo="stampede" source="keywords">stampede</keyword>, officials asked applicants to submit their resumes and leave, promising to review all submissions and contact eligible candidates for further steps. Despite the physical demands of the job, including heavy lifting and operational tasks, the role's salary, ranging from Rs 20,000 to Rs 25,000 per month, with potential earnings exceeding Rs 30,000 through overtime, drew a massive crowd. <div type="Article" hostid="261" msid="111786792" title="Time for a govt job? Karnataka announces impressive 27% pay hike for state employees" mstype="2" mssubtype="0"></div>George Abram, General Secretary of the <keyword id="22441084" type="General" weightage="20" keywordseo="Aviation-Industry-Employees-Guild" source="keywords" meta.keywordsubtype="org" meta.entityname="Aviation Industry Employees Guild" meta.hostid="261" meta.entityid="Aviation Industry Employees Guild">Aviation Industry Employees Guild</keyword>, criticised the disorganised recruitment process. "People came for thousands of vacancies. They brought demand drafts, but we told them not to pay anything yet and that they would be called in later," Abram stated. He claimed that up to 50,000 job seekers might have turned up, though the official count was about 15,000. The incident underscores the acute joblessness and the desperate measures people are willing to take to secure employment, even in physically demanding roles. The minimum qualification for the positions was a 10th-grade pass, and the age limit was capped at 23 years. <h2>Similar instances in the past</h2>This chaotic scene in Mumbai is not an isolated incident. Similar situations have occurred in other parts of India, reflecting the broader employment crisis. On July 9, a comparable incident unfolded in Gujarat when around 1,000 people showed up for walk-in interviews conducted by a private firm for just 40 vacancies at Ankleshwar. The chaos resulted in the collapse of a ramp railing, though no injuries were reported. <div type="Article" hostid="261" msid="111789866" title="The top reasons job applicants say they ghost prospective employers in the hiring process" mstype="2" mssubtype="0"></div>In another instance, a video from Pune showed over 3,000 engineers lining up for a walk-in interview aimed at filling junior developer positions. The overwhelming response for approximately 100 vacancies highlighted the intense competition in the IT sector. These instances paint a grim picture of the employment landscape in India. The overwhelming response to job vacancies, whether in manual labour or skilled sectors, indicates a significant gap between job availability and the number of job seekers.

Mumbai job frenzy: 25,000 applicants show up for job interview with Rs 20,000 salary, cause stampede-like situation

<ul class="summary-list"><li>This post originally appeared in the Insider Today newsletter.</li></ul>Are you ready for some football?! The NFL season kicks off tonight with the reigning Super Bowl Champions/Taylor Swift's favorite team, the Kansas City Chiefs, playing the Baltimore Ravens. If you're like many Americans, you might be placing a bet on the action. I wrote about why sports gambling's rise <a target="_blank" href="https://www.businessinsider.com/sports-gambling-weird-quirks-bets-nfl-nba-draftkings-fanduel-2024-9">has also made it a bit weird</a>.In today's big story, where the US economy is headed <a target="_blank" href="https://www.businessinsider.com/jobs-interest-rate-cuts-recession-outlook-federal-reserve-soft-landing-2024-9">could finally be answered with Friday's jobs report</a>.What's on deck:<ul><li>Markets: Nvidia investors should be <a target="_blank" href="https://markets.businessinsider.com/news/stocks/nvidia-stock-price-outlook-technical-analysts-eye-danger-zone-levels-2024-9">focused on these two numbers</a>.</li><li>Tech: This healthcare startup's got a VC CEO doing <a target="_blank" href="https://www.businessinsider.com/healthcare-weirdest-startup-commure-blank-check-general-catalyst-hemant-taneja-2024-9">whatever it takes for it to succeed</a>.</li><li>Business: Inside America's wildest — and most lucrative — <a target="_blank" href="https://www.businessinsider.com/mass-torts-lawsuits-lawyers-settlements-strippers-hard-partying-money-2024-9">lawsuits</a>.</li></ul>But first, one data point to rule them all.If this was forwarded to you, <a target="_blank" href="https://www.businessinsider.com/subscription/newsletter/insider-today">sign up here.</a><h3 id="7fa5f018-5b05-4a37-a8dc-d3f89138bcb3">The big story</h3><h2 id="5fd547b9-ec52-41fc-8e08-4f4b27dd8097">All eyes on jobs</h2><div type="image" title="George Washington stands warily behind a fork in the road sign." height="877" width="1754" msid="113099191" hostid="261" sizebytes="144538"></div>It's so close you can almost taste it.The Federal Reserve is finally on the precipice of cutting interest rates. We're less than two weeks out from the Fed's September 18 meeting where the central bank is set to provide Americans with some much-needed relief.But one hurdle remains between now and then: Friday's job report.While the data won't jeopardize the central bank's decision to cut rates, it will help it decide how deep it will go. More broadly, a weak or strong report will also provide color on whether <a target="_blank" href="https://www.businessinsider.com/jobs-interest-rate-cuts-recession-outlook-federal-reserve-soft-landing-2024-9">the economy is headed toward a soft or crash landing</a>, write Business Insider's Juliana Kaplan, Madison Hoff, and Ayelet Sheffey.The last jobs report before the Fed's decision was always bound to be a big one. But August's report became even more important after how things went last go around.<a target="_blank" href="https://www.businessinsider.com/unemployment-rate-job-growth-july-labor-market-economic-data-2024-7">Unemployment unexpectedly jumped to 4.3%</a> and fewer jobs were added than economists expected in July's report. Coupled with some weak manufacturing data and shaky earnings, <a target="_blank" href="https://markets.businessinsider.com/news/stocks/stock-market-selloff-today-jobs-report-recession-unemployment-tech-earnings-2024-8">the stock market started melting down</a>.Ultimately, the market was able to rally back. But the fear of the US slipping into a recession still remains. Friday's job report could go a long way in dispelling those fears or emboldening them.<div type="image" title="Photo illustration of Jerome Powell" height="750" width="1000" msid="113099194" hostid="261" sizebytes="41878"></div>Regardless of Friday's report, it's important to remember cutting interest rates won't create economic miracles.If unemployment spikes for a second month in a row, the Fed could offer a deeper rate cut than the typical 25 basis points. But it takes time for the effects of the policy to work its way through the economy.Bigger also isn't necessarily better when it comes to rate cuts. If the Fed believes it needs to take drastic measures, that's a bad sign for the state of the economy. And don't expect rate cuts <a target="_blank" href="https://markets.businessinsider.com/news/stocks/fed-interestrate-cuts-stock-market-bull-run-upside-outlook-jpmorgan-2024-9">to send stocks soaring</a>.I don't blame you if you're sick of this back-and-forth economy. Experts have waffled to and fro about where things are headed for more than a year.But at least Friday represents the end of the tunnel. The question is if it'll be bright or dark.<h3 id="77f31a4c-8462-4e3d-a71f-838cb79493fb">News brief</h3><h2 id="1fcd294b-3f53-425f-9f20-4093e8623b59">Top headlines</h2><ul><li>Elon Musk tweeted something <a target="_blank" rel="noopener" href="https://www.businessinsider.com/elon-musk-hitler-tucker-carlson-advertisers-2024-9">even he can't defend</a>.</li><li>Longtime Unilever media exec Luis Di Como is leaving <a target="_blank" href="https://www.businessinsider.com/unilever-top-media-exec-luis-di-como-leave-amid-restructuring-2024-9">amid a broader shake-up of the business</a>.</li><li>Russia built a secret trade channel with India, <a target="_blank" href="https://www.businessinsider.com/russia-india-payment-issues-us-west-sanctions-rupees-ukraine-war-2024-9">leaked documents</a> show.</li><li><a target="_blank" href="https://www.businessinsider.com/millennium-technology-prize-baliga-semiconductor-invention-igbt-changed-world-2024-9">Meet the professor</a> who just won the Millennium Technology Prize — and $1.1 million.</li><li>A top New York official was <a target="_blank" href="https://www.businessinsider.com/linda-sun-new-york-governor-top-aide-salted-ducks-china-2024-9">paid off by China</a> with salted ducks, a job for her cousin, and millions to her husband's business: DOJ.</li><li>Barron Trump is <a target="_blank" href="https://www.businessinsider.com/barron-trump-attending-new-york-university-college-2024-9">going to NYU</a>.</li></ul><h2 id="8120060b-ae66-48dc-b149-f0489a30ffa2">3 things in markets</h2><div type="image" title="Photo illustration of Jensen Huang" height="1000" width="1333" msid="113099203" hostid="261" sizebytes="150634"></div><ol><li>Nvidia's two all-important numbers. After a volatile few days of trading, technical analysts are looking at the <a target="_blank" href="https://markets.businessinsider.com/news/stocks/nvidia-stock-price-outlook-technical-analysts-eye-danger-zone-levels-2024-9">psychological $100 level and then the 200-day moving average</a>, which is just below $90. If Nvidia's share price drops below the latter, "NVDA's market leadership status may be lost," LPL technical strategist Adam Turnquist told BI.</li><li>The latest casualty of AI: Oil prices. Goldman Sachs analysts believe the tech will improve logistics and boost oil recovery. Even with the higher demand to power AI, the increased supply <a target="_blank" href="https://markets.businessinsider.com/news/commodities/ai-oil-prices-productivity-logistics-supply-demand-energy-goldman-sachs-2024-9">will drive prices down over the next decade</a>. But the "Dr. Doom" economist sees oil prices going the other way amid <a target="_blank" href="https://markets.businessinsider.com/news/commodities/economy-oil-prices-outlook-stagflation-israel-iran-war-nouriel-roubini-2024-9">deepening conflicts in the Middle East</a>.</li><li>The road to November will be rocky for stocks. Market vet Ed Yardeni sees market "choppiness" in the lead up to the US presidential election. But don't worry. Record highs could be back on the menu, <a target="_blank" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-volatility-presidential-election-ed-yardeni-gridlock-selloff-2024-9">depending on how things go</a>.</li></ol><h2 id="f4b54806-7f81-450c-ba32-92560d4fae9b">3 things in tech</h2><div type="image" title="Photo illustration of Hemant Taneja." height="1500" width="2000" msid="113099197" hostid="261" sizebytes="249928"></div><ol><li>The weirdest startup in healthcare has a blank check from a top VC firm. Usually, startups must fight tooth and nail to prove they're worthy of investors' attention. The healthcare startup Commure has an unusual advantage: its cofounder is the CEO of General Catalyst. He'll do <a target="_blank" href="https://www.businessinsider.com/healthcare-weirdest-startup-commure-blank-check-general-catalyst-hemant-taneja-2024-9">whatever it takes</a> to see the startup win.</li><li>How to survive online in the age of AI. AI models and chatbots are changing how online information is consumed, affecting website traffic. In order to stay relevant in this new digital ecosystem, website owners need speed and <a target="_blank" href="https://www.businessinsider.com/frontier-content-survive-online-ai-2024-9">exclusive "frontier content"</a> their viewers can't get anywhere else.</li><li>Apple and Meta can't stop fighting over who's in charge of protecting the kids. Everyone and their mother is mad at Mark Zuckerberg's company for contributing to the youth mental health crisis. Meta says it should be up to the App Store to verify users' ages, but <a target="_blank" href="https://www.businessinsider.com/meta-apple-feud-app-store-child-teen-mental-health-2024-9">Apple won't budge</a>.</li></ol><h2 id="9260fa45-d397-4b3c-b4f8-4bb193976216">3 things in business</h2><div type="image" title="A skull in the middle of objects that have been subject to mass torts." height="1800" width="2400" msid="113099201" hostid="261" sizebytes="797548"></div><ol><li>You may be entitled to financial compensation. Mass torts allow hundreds of thousands of people to seek damages for harm caused by things like asbestos, contaminated water, or carcinogenic baby powder. <a target="_blank" href="https://www.businessinsider.com/mass-torts-lawsuits-lawyers-settlements-strippers-hard-partying-money-2024-9">Here's how they took over America's courts</a>.</li><li>ESPN's Big Apple betting dreams. The sports network is <a target="_blank" href="https://www.businessinsider.com/espn-bet-new-york-launch-online-sports-betting-fanduel-draftkings-2024-9">launching ESPN Bet in New York</a> as football season begins. Though the betting app may be regaining some momentum, it's going to be tough to beat FanDuel and DraftKings.</li><li>Andreessen Horowitz says adios to Miami. The VC firm has reportedly <a target="_blank" href="https://www.businessinsider.com/andreessen-horowitz-leaves-miami-florida-office-report-2024-9">abandoned its South Florida office</a> just two years into a five-year lease, a sign that the recent tech and crypto migration to Miami may be short-lived.</li></ol><h2 id="1ad7b482-3f4b-44b4-81b6-a864aa386478">In other news</h2><ul><li>You don't have to be a millionaire to retire before 50, an accountant says. <a target="_blank" href="https://www.businessinsider.com/accountant-retired-before-50-without-1-million-savings-2024-9">Here's how she did it</a>.</li><li>Why 'fake heiress' Anna Sorokin, quietly released from house arrest, can <a target="_blank" href="https://www.businessinsider.com/anna-sorokin-house-arrest-dancing-with-the-stars-ankle-monitor-2024-9">compete in 'Dancing With the Stars'</a> with an ankle monitor.</li><li>Raising Cane's just offered a rare glimpse into its finances — <a target="_blank" href="https://www.businessinsider.com/raising-canes-revenue-private-debt-offering-todd-graves-net-worth-2024-9">and the chicken-finger giant is growing like crazy</a>.</li><li>This leaked 2007 DoubleClick pitch deck is set to play a central role in <a target="_blank" href="https://www.businessinsider.com/leaked-deck-doubleclick-acquisition-pitch-google-adtech-antitrust-trial-2024-9">Google's blockbuster adtech antitrust trial</a>.</li><li>George R. R. Martin criticized the changes made by 'House of the Dragon' <a target="_blank" href="https://www.businessinsider.com/george-rr-martin-house-of-the-dragon-changes-criticism-maelor-2024-9">in a quickly deleted blog post</a>.</li><li>Airbnb CEO Brian Chesky says women founders say they can't go 'founder mode' like men and <a target="_blank" href="https://www.businessinsider.com/airbnb-ceo-brian-chesky-women-say-cant-go-founder-mode-2024-9">that it needs to change</a>.</li></ul><h2 id="9f5d80ac-3466-429f-a50a-2ffbb70c65ff">What's happening today</h2><ul><li>Court hearing in Donald Trump's Jan. 6 case after Supreme Court ruled acts covered by presidential immunity.</li><li>Toronto International Film Festival (TIFF) begins.</li></ul>The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Hallam Bullock, senior editor, in London. Milan Sehmbi, fellow, in London. Amanda Yen, fellow, in New York.

US economy's fate hangs on jobs report as Fed decides how deep cuts will go

Crisis-hit <keyword id="19987725" type="General" weightage="20" keywordseo="spicejet" source="keywords">SpiceJet</keyword> plans to hand out pink slips to at least 1,000 employees in the coming days as the airline works to significantly reduce costs and streamline operations of its depleted aircraft fleet, officials said on Monday. Faced with financial woes, legal battles and other headwinds, the no-frills carrier might ask more staff to leave as there is excess manpower now compared to the number of planes in service. A final decision on the quantum of layoffs is expected this week, one of the officials in the know said. When contacted, a SpiceJet spokesperson said the airline has initiated several measures, including manpower rationalisation, for achieving profitable growth but did not provide any numbers. The airline has around 9,000 employees and is now looking at reducing the strength by 10-15 per cent, the official said, adding that layoffs are necessary to reduce the overall costs and annual savings could be up to Rs 100 crore. A reduction of 15 per cent would mean around 1,350 people will lose their jobs. The second official in the know said that layoffs are expected across departments and the final list is being prepared. People from the management and consultancy are working on chalking out the contours of letting staff leave, and all the departments have been asked to give their inputs, the official added. There was no official comment from SpiceJet on the proposed job cuts. The second official explained that the airline has stopped operations on certain RCS (Regional Connectivity Scheme) routes and at those stations, there is excess manpower, especially staff with lower salaries. Relocating such people will be a challenge, the official noted. Currently, SpiceJet has a fleet of little over 30 aircraft apart from 10 planes that are on wet lease. "As part of our turnaround and cost-cutting strategy, following the recent fund infusion, SpiceJet has initiated several measures, including manpower rationalisation, aimed at achieving profitable growth and positioning ourselves to capitalise on the opportunities in the Indian aviation industry. "Through this initiative alone, we anticipate an annual saving of up to Rs 100 crore," the airline spokesperson said in a statement. During a meeting with the airline's senior officials last month, SpiceJet Chairman and Managing Director <keyword id="19916067" type="General" weightage="20" keywordseo="ajay-singh" source="keywords">Ajay Singh</keyword> emphasised the importance of judicious spending and that he will personally oversee all major expenditures. The carrier will prioritise fleet upgrades, enhance on-time performance and cost-cutting measures will be implemented to streamline operations, according to an internal note last month. SpiceJet, which has undergone multiple ownership changes since inception and is currently helmed by Ajay Singh, is in the process of raising funds from various investors. On January 26, the carrier announced that it has received Rs 744 crore as the first tranche of the total Rs 2,250 crore proposed to be raised through the issuance of securities on a preferential basis. There were reports that there has been a delay in raising the requisite funds. The airline has also availed funds worth around Rs 1,000 crore under the government's Emergency <keyword id="20097541" type="General" weightage="20" keywordseo="credit-line-guarantee-scheme" source="keywords">Credit Line Guarantee Scheme</keyword> (ECLGS) and Singh has committed to infuse Rs 500 crore. In recent times, SpiceJet also witnessed lessors taking legal recourse to take back their leased aircraft due to non-payment of dues. <keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword> is one of the world's fastest growing civil aviation markets and the domestic air traffic is on an upward trajectory. However, SpiceJet has been struggling for sometime now. In 2023, the carrier flew 83.90 lakh passengers and had a domestic market share of 5.5 per cent. SEE ALSO:<a href="https://www.businessinsider.in/tech/news/wd-black-sn850x-ssd-review/articleshow/107557627.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/wd-black-sn850x-ssd-review/articleshow/107557627.cms" target="_blank">WD Black SN850X SSD review – a reliable gaming SSD</a> <a href="https://www.businessinsider.in/tech/mobile/news/oneplus-open-review/articleshow/106961567.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/oneplus-open-review/articleshow/106961567.cms" target="_blank">OnePlus Open review – Feature-packed foldable in a premium design</a><a href="https://www.businessinsider.in/tech/mobile/news/vivo-x100-review-top-end-camera-centric-smartphone-with-sleek-design/articleshow/106539033.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/vivo-x100-review-top-end-camera-centric-smartphone-with-sleek-design/articleshow/106539033.cms" target="_blank">Vivo X100 review – Top-end camera centric smartphone with sleek design</a>

Crisis-hit SpiceJet plans to hand out pink slips to at least 1,000 employees

<ul class="summary-list"><li>This post originally appeared in the Insider Today newsletter.</li></ul>Welcome back! This is Jordan Parker Erb, filling in again for Dan DeFrancesco. Haven't voted in our tech and biz March Madness bracket? Don't worry — you can still <a target="_blank" href="https://forms.gle/Y1o2xiLNpDfgvUpj7">make your choices here</a>.In today's big story, we're looking at how <a target="_blank" href="https://www.businessinsider.com/retirement-crisis-social-security-pensions-student-loan-debt-2024-3">retiring in America became a luxury</a> that not everyone can afford.What's on deck:<ul><li>Markets: Warren Buffett's favorite market gauge just hit a two-year high. <a target="_blank" href="https://www.businessinsider.com/warren-buffett-indicator-stock-market-outlook-bubble-crash-ai-tech-2024-3">It could mean a crash is coming</a>.</li><li>Tech: Only one generation has the skills <a target="_blank" href="https://www.businessinsider.com/gen-z-business-startups-entrepreneurship-digital-era-branding-social-media-2024-3">to launch a successful new business</a>: Gen Z.</li><li>Business: Wait, it's OK <a target="_blank" href="https://www.businessinsider.com/psychedelics-work-microdosing-lsd-psilocybin-ketamine-retreats-elon-musk-2024-3">to do drugs at work now</a>?</li></ul>But first, America has a problem.If this was forwarded to you, <a target="_blank" href="https://www.businessinsider.com/subscription/newsletter/insider-today">sign up here.</a><h3>The big story</h3><h2>Retirement crisis</h2><div type="image" title="An office chair with a ball and chain attached to it." height="975" width="1300" msid="108770041" hostid="261"></div>What was once a natural part of the American dream — retirement — is now a luxury many workers can't afford.It used to be that you could expect to put in a few decades of work and then enjoy a few more good years of rest. But more and more often, retirement-age people feel they've been left behind.Business Insider's Juliana Kaplan spoke with several people who <a target="_blank" href="https://www.businessinsider.com/retirement-crisis-social-security-pensions-student-loan-debt-2024-3">should be able to retire — but can't</a>.The problem is multifaceted. Pensions are disappearing. Social Security benefits are in peril. People are living longer than ever. As BI previously reported, fewer than half of all boomers <a target="_blank" href="https://www.businessinsider.com/boomers-not-enough-retirement-savings-gen-z-millennials-eldercare-2024-1">have saved enough for retirement</a>.Mounting student-loan debt doesn't help, either. According to one researcher and associate professor of economics, this is the first generation of Americans that has taken on substantial student-loan debt for their children.All of that combines to form a growing, and increasingly bleak, American retirement crisis. It has left at least one woman Juliana spoke to, who's in her 70s, worried she's "going to die" in the HR job she's still working.<div type="image" title="An illustration of a person in a pool floatie." height="1000" width="2000" msid="108770042" hostid="261"></div>With boomers' experience trying to retire playing out in front of them, it's no wonder some younger people are hustling to secure an early retirement.BI has written at length about Gen Zers and millennials who have saved up to retire in their 30s or 40s. Some save up the majority of their paychecks, while others have <a target="_blank" href="https://www.businessinsider.com/amazon-worker-financial-independence-retire-early-fire-in-canada-cheaper-2024-3">cashed in on relocation bonuses</a>.But still, the reality is that most people can't expect to <a target="_blank" href="https://www.businessinsider.com/retire-early-financial-independence-mindful-spending-investing-berlin-2024-3">retire by 36</a>. Plus, some who do <a target="_blank" href="https://www.businessinsider.com/ex-googler-fire-early-retirement-coworking-personal-finance-2024-2">leave work early end up regretting it</a>. Unused to idle time and the sudden evaporation of their office relationships, some people quickly return to the office.One woman who retired early said she could only do so because she moved to India, where the cost of living is lower. She said there was "no way" she could have done it in the US. Still, she wound up <a target="_blank" href="https://www.businessinsider.com/ex-googler-fire-early-retirement-coworking-personal-finance-2024-2">going back to work</a> after an initial attempt at retirement.While early retirement isn't for everyone, retirement at its most basic level — leaving work after most of our adult lives — should be. The notion that people who've done everything they were supposed to, and still can't retire, points to major problems in the system at large.<h3>News brief</h3><h2>Your Monday headline catchup</h2>A quick recap of the top news from over the weekend:<ul><li><a target="_blank" href="https://www.businessinsider.com/moscow-concert-hall-attack-russia-crocus-city-hall-2024-3">What we know about the Moscow concert hall attack — and why ISIS-K is claiming responsibility</a>.</li><li><a target="_blank" rel="noopener noreferrer" href="https://www.businessinsider.com/what-is-preventative-chemotherapy-how-it-works-2024-3">Kate Middleton said she's having preventative chemotherapy — here's what that could mean</a>.</li><li><a target="_blank" rel="noopener noreferrer" href="https://www.businessinsider.com/trump-lawyer-court-behavior-consequences-manhattan-criminal-hush-money-trial-2024-3">Trump's lawyers dance for him when he's in the courtroom. At a criminal trial, that could torpedo his chances of winning</a>.</li><li><a target="_blank" rel="noopener noreferrer" href="https://www.businessinsider.com/russia-economy-west-secondary-sanctions-hitting-oil-exports-payments-revenue-2024-3">Russia has finally admitted Western sanctions are hitting its oil exports</a>.</li><li><a target="_blank" href="https://www.businessinsider.com/jailed-momfluencer-ruby-franke-diary-entries-reveal-child-abuse-2024-3">Momfluencer Ruby Franke wrote in her journal that it was 'a big day for evil' as she detailed how she tortured her children</a>.</li><li><a target="_blank" href="https://www.businessinsider.com/content-creators-hosting-on-x-elon-musk-advertisers-unpredictable-2024-3">X is fishing for more creators. Some won't bite</a>.</li></ul><h2>3 things in markets</h2><div type="image" title="Market bull money stocks" height="1537" width="2049" msid="108770043" hostid="261"></div><ol><li>An investment firm says these two parts of the market still have huge upside. Investors should focus on the cheapest 20% of large-caps, as well as on non-US stocks, GMO wrote. The firm said these provide <a target="_blank" href="https://markets.businessinsider.com/news/stocks/stock-market-investing-strategy-outlook-undervalued-areas-value-equities-gmo-2024-3">the best allocation opportunity in 35 years</a>.</li><li>Warren Buffett's favorite market gauge just hit a two-year high. The "Buffett Indicator" — which just surged to 184% — compares the stock market's total value to the overall size of the economy. Buffett has warned that buying stocks at <a target="_blank" href="https://www.businessinsider.com/warren-buffett-indicator-stock-market-outlook-bubble-crash-ai-tech-2024-3">a reading near 200% is "playing with fire."</a></li><li>Sam Bankman-Fried is set to be sentenced on Thursday. Prosecutors want the disgraced FTX founder to serve 40 to 50 years in prison. His lawyers are asking for a much lighter sentence, arguing that FTX customers might get all their money back and <a target="_blank" href="https://www.businessinsider.com/sbf-sentencing-ftx-customers-get-money-back-should-it-matter-2024-3">flagging SBF's possible neurodivergence</a>.</li></ol><h2>3 things in tech</h2><div type="image" title="An illustration of a hand holding a grocery basket." height="1000" width="2000" msid="108770045" hostid="261"></div><ol><li>Get ready for Generation Biz. The entrepreneurial landscape has changed dramatically in the last couple of decades. The new name of the game is branding and <a target="_blank" href="https://www.businessinsider.com/gen-z-business-startups-entrepreneurship-digital-era-branding-social-media-2024-3">Gen Z is uniquely set up to succeed</a> in today's digital-centric marketplace.</li><li>AI-powered Cherish Health has raised $26 million — without VC money. The company, which produces a radar-based fall detection device, is set to raise a $30 million Series B. Instead of raising money from venture capital firms, <a target="_blank" href="https://www.businessinsider.com/how-cherish-health-raised-26-million-without-venture-capital-2024-3">it worked with billionaires and other businesses</a>. So far, it's paid off.</li><li>Apple is having a nightmarish year. The Department of Justice's antitrust lawsuit is just the latest of <a target="_blank" href="https://www.businessinsider.com/apples-nightmarish-year-keeps-getting-worse-doj-antitrust-iphone-2024-3">several events that may hurt the tech giant</a>. Apple is also battling a tumbling share price, sluggish iPhone sales in China, and doubts about its AI efforts.</li></ol><h2>3 things in business</h2><div type="image" title="A person staring at a computer, with a psychedelic pattern coming from their head." height="1000" width="2000" msid="108770046" hostid="261"></div><ol><li>Work on drugs. Elon Musk is taking ketamine and people in tech are microdosing mushrooms. Drugs used to be for getting high — now <a target="_blank" href="https://www.businessinsider.com/psychedelics-work-microdosing-lsd-psilocybin-ketamine-retreats-elon-musk-2024-3">people are using them to get ahead</a>.</li><li>The American South is on a roll. Southern states are booming right now, thanks to an accelerating rise in population driving major economic growth. <a target="_blank" href="https://www.businessinsider.com/population-boom-south-texas-georgia-dallas-houston-atlanta-movers-homebuyers-2024-3">The region is beating out the West</a>, once again, as the fastest-growing region in the US last year.</li><li>These are tough times for the consulting business. Major firms across the board appear to be struggling with <a target="_blank" href="https://www.businessinsider.com/the-consulting-business-demand-is-rough-right-now-2024-3">waning client demand</a> as the macroeconomic environment weakens. Accenture said on Thursday that it was cutting its revenue forecast for 2024, while Deloitte has kicked off a reorganization process in a bid to cut costs.</li></ol><h2>In other news</h2><ul><li><a target="_blank" href="https://www.businessinsider.com/see-inside-investor-marc-andreessens-33-million-house-for-sale-2024-3">Billionaire venture capitalist Marc Andreessen is selling his home for more than $33 million</a>.</li><li><a target="_blank" href="https://www.businessinsider.com/nike-cut-supply-of-sneakers-air-force-1-and-pegasus-2024-3">It might be harder to buy your favorite pair of classic Nikes this year</a>.</li><li><a target="_blank" rel="noopener noreferrer" href="https://www.businessinsider.com/alphabets-verily-layoffs-google-employees-molecular-science-immune-profiler-r2024-3">Alphabet's Verily lays off employees working in one of its science groups</a>.</li><li><a target="_blank" href="https://www.businessinsider.com/whoop-ceo-nimble-employees-sleep-more-startup-productivity-2024-3">Whoop's CEO on staying nimble as a company — and why the startup pays employees to sleep more</a>.</li><li><a target="_blank" href="https://www.businessinsider.com/florida-spring-break-lyft-uber-drivers-earnings-tips-money-miami-2024-3">A month's pay in one week: South Florida Uber and Lyft drivers explain how they capitalize on the spring break rush despite 'a little sand' and 'crappy music.'</a></li></ul><h2>What's happening today</h2><ul><li>There will be a court hearing for Donald Trump on charges of falsifying business records for "hush money" payments.</li><li>A hearing is scheduled in the UK for class actions against Google and Alphabet.</li></ul>The Insider Today team: <a target="_blank" href="https://www.businessinsider.com/author/dan-defrancesco">Dan DeFrancesco</a>, deputy editor and anchor, in New York. <a target="_blank" href="https://www.businessinsider.com/author/jordan-parker-erb">Jordan Parker Erb</a>, editor, in New York. <a target="_blank" href="https://www.businessinsider.com/author/hallam-bullock">Hallam Bullock</a>, editor, in London. <a target="_blank" href="https://www.businessinsider.com/author/george-glover">George Glover</a>, reporter, in London. <a target="_blank" href="https://www.businessinsider.com/author/grace-lett">Grace Lett</a>, associate editor, in Chicago. <a target="_blank" href="https://www.businessinsider.com/author/lisa-ryan">Lisa Ryan</a>, executive editor, in New York.

We're watching an American retirement crisis unfold

<ul class="summary-list"><li>An Indian delivery driver was filmed making food deliveries on horseback on Tuesday.</li><li>The driver was fed up after waiting for more than three hours for gas, he said in a video.</li></ul>An Indian food delivery driver was fed up with waiting in line for gas, so he resorted to an unconventional method for delivering food to hungry customers: horseback riding.<a target="_blank" href="https://www.theguardian.com/world/2024/jan/03/indian-food-delivery-driver-heads-out-horse-long-petrol-queues">The Guardian reported</a> on a video clip of the man, who has not been identified by name, trotting along the streets of Hyderabad in southern India with the distinctive red Zomato uniform.Zomato, an Indian food delivery company, said in a response to Business Insider that it was discussing the incident internally.According to <a target="_blank" href="https://timesofindia.indiatimes.com/auto/news/no-fuel-full-horsepower-hilarious-zomato-delivery-on-horse-amid-fuel-shortage/articleshow/106508447.cms#:~:text=A%20Zomato%20delivery%20agent%20in,decided%20to%20go%20old%2Dschool.">The Times of India</a>, a brief protest by truck drivers against a proposed hit-and-run law caused traffic jams across the city on Tuesday.The Times reported that it also led to long lines at gas pumps across the city as drivers panic-bought fuel, fearing the protest would lead to fuel shortages.In the video, the delivery driver rides a horse with a delivery bag strapped to his back.When asked by someone why he is on a horse, he can be heard saying there was no petrol for his motorbike, according to The Guardian's translation of the interaction."I waited in the queue for three hours," he added, per the newspaper. "I left after taking the order but couldn't get the petrol."In July 2022, a person was spotted riding a horse on the streets of Mumbai with a delivery bag belonging to Swiggy, Zomato's rival.Though social media users assumed it was a delivery driver, it later turned out to be a 17-year-old who had "borrowed" and "forgotten" to return the branded delivery bag, <a target="_blank" href="https://www.independent.co.uk/asia/india/swiggy-horse-mumbai-food-delivery-service-b2120254.html">according to the Independent.</a>

An Indian guy did his food-delivery job on horseback after a fuel crisis meant he couldn't get gas, video shows

<ul class="summary-list"><li>Federal data indicates wind-turbine technician is the fastest-growing job in the US.</li><li>The US and other countries are building more wind farms to tackle the climate crisis.</li></ul>Dakota Carter was in middle school when a new wind farm went up near his hometown of Delavan, Illinois.He was fascinated by the project's turbines, which can churn out enough power for 35,000 homes."I've always been passionate about the environment," Carter said. "So I thought a career in wind could actually make a difference."Now Carter, 29, is the operations site supervisor at that project, known as the Rail Splitter Wind Farm, owned by EDP Renewables North America. He started as an intern in 2017 before becoming a wind technician and then advancing over the past seven years.<div type="image" title="Dakota Carter's headshot" height="3000" width="2002" msid="111240018" hostid="261"></div>Carter entered the field at the right time. Federal data indicates <a target="_blank" href="https://www.bls.gov/ooh/fastest-growing.htm">wind-turbine technician is the fastest-growing job</a> in the US, alongside nurse practitioner. While the absolute number of new jobs isn't that big, it represents a projected 45% increase between 2022 and 2032, more than any other occupation.The jobs website Indeed said <a target="_blank" href="https://www.businessinsider.com/climate-jobs-career-grow-pay-well-high-salary-2024">postings for wind-turbine technicians grew by 30% in 2023</a>, and the Bureau of Labor Statistics expects about 1,800 openings each year over the next decade. <a target="_blank" href="https://gwec.net/global-wind-workforce-outlook-2023-2027-pr/">Industry groups have forecast</a> demand for about 240,000 new recruits by 2027 across Australia, Brazil, China, Colombia, Egypt, India, Japan, Kenya, South Korea, and the US.These countries want to build onshore and offshore wind farms rapidly so they can meet renewable-energy targets and mitigate the climate crisis. The International Energy Agency estimates that for the world to achieve net-zero greenhouse-gas emissions by 2050, about 17% more wind capacity must be added to power grids every year. The US is <a target="_blank" href="https://www.eia.gov/todayinenergy/detail.php?id=61242">expected to add 11% capacity</a> from 2023 to 2025.<div type="image" title="Rail Splitter Wind Farm" height="1663" width="2500" msid="111240021" hostid="261"></div>The UK has long been a leader in wind but was recently surpassed by China, which accounted for half of all the new wind capacity added around the world in 2022. The US is further behind, but the industry got a boost from the Inflation Reduction Act in 2022. The law authorized generous tax breaks for renewable-energy projects and <a target="_blank" href="https://www.businessinsider.com/biden-administration-wants-boost-clean-energy-pay-through-tax-credits-2024-6">companies that pay their workers well</a>.In the US, the jobs are mostly onshore, in states like Texas, New Mexico, Kansas, and Colorado. The first large-scale offshore projects recently opened up off the coasts of New York and Massachusetts.<h2 id="17c8bcca-ed0f-4063-a0e8-917012b885ee">Last year the median pay for a wind-turbine technician was $61,770, but listings on Indeed averaged $80,100</h2>Harry Willats, an executive consultant at Darwin Recruitment who specializes in the wind sector, told Business Insider that the starting wage for a wind technician was typically $20 to $25 an hour. More-experienced technicians with specialized training could earn nearly $50 an hour. Offshore wind technicians can expect to earn an extra 30% to 40% compared to onshore workers. There are a lot of overtime opportunities as well. As technicians move into supervisor positions, they might get an annual salary.Federal <a target="_blank" href="https://www.bls.gov/ooh/installation-maintenance-and-repair/wind-turbine-technicians.htm">data indicates</a> the average hourly wage for the position in the US in 2023 was nearly $30 an hour, or $61,770 a year. But listings on Indeed averaged $80,100 a year.Willats said there are several pathways into the industry. Typically, people finish a one-year electrical certificate program at a technical or community college and then get hired as apprentices. Those interested in offshore wind need to complete Global Wind Organization courses in basic safety, first aid, and sea survival.There's a lot of on-the-job training. Wind technicians in the early stages of their careers might do scheduled maintenance and cleaning. As they advance, their jobs involve more troubleshooting and repairing, as well as managing crews. Willats said the highest-paid technicians tend to have specialized equipment certificates, such as those from Siemens Gamesa and GE.Carter earned a bachelor's degree in business management at Robert Morris University in Illinois. He realized he didn't want a desk job, so he returned to a local community college for a one-year sustainable-energy certificate program focused on solar, wind, and building systems before joining EDP Renewables.<h2 id="8e6fc2e3-c71a-47ee-8aa5-44702f8cb77e">Exposed to the elements</h2>"The biggest con is pretty obvious: the weather," Carter said. "You're working in the heat or the cold, and you're high up in the air. That can be pretty brutal. It's also a very physical job."But Carter said that working in renewable energy made him feel like he was leaving the world a better place. He also has work-life balance at Rail Splitter Wind Farm. EDP owns, operates, and repairs the site, meaning Carter doesn't have to spend time away from home. Technicians who work for a company that operates a lot of wind farms may have to travel from site to site for long stretches.Now that Carter is a supervisor, he spends more time talking with developers and people in the community about new projects the company is considering.

The fastest-growing career in the US is in wind power. Here's what employees make, what it's like, and how to land a job. 

Around 3,0000 <keyword id="7803810" type="General" weightage="20" keywordseo="non-medical-teachers" source="Orion">non-medical teachers</keyword> are on the 'verge of losing their jobs' after the new guidelines of the <keyword id="3514079" type="General" weightage="20" keywordseo="national-medical-commission" source="Orion">National Medical Commission</keyword> (NMC) that has drastically reduced the post of non-medical MSc teachers in the medical colleges across the country. The National MSc Medical Teachers Association (NMMTA), the body representing non-medical teachers, has approached the Health Ministry seeking a rollback of the decision as nearly 3,000 non-medical teachers are feared to face a <keyword id="183112" type="General" weightage="20" keywordseo="job-crisis" source="Orion">job crisis</keyword> with the National Medical Commission reducing the posts for their recruitment. Seeking to revoke the guidelines, NMMTA said, in a letter submitted to the ministry, that the rollback will address the faculty crisis in the institutions and help the teachers. In the guidelines issued by the medical education regulator in October 2020, the permissible intake of non-medical faculty had come down from 30 per cent to 15 per cent in anatomy and physiology, from 50 per cent to 15 per cent in biochemistry, and from 30 per cent to 0 per cent in microbiology and pharmacology. The NMC has claimed that these guidelines would not affect the current faculties already in employment and would be applicable to new medical colleges, new appointments and colleges seeking MBBS seat enhancements. "The practice of involving non-doctors in medical education in non-clinical subjects is a global phenomenon. The erstwhile <keyword id="49468" type="General" weightage="20" keywordseo="medical-council-of-india" source="Orion">Medical Council of India</keyword> (MCI) had stated that the 'intellectual cross-fertilisation with diverse intellectual streams is vital for medical education' with respect to the participation of non-medical M.Sc/Ph.D teachers in medical education. There is no need to divert away from this wisdom," NAMMTA told IANS. The practice of appointing teachers in the non-clinical subjects of the MBBS education started back in 1960, when the MCI allowed these teachers in the medical colleges to bridge the gap of shortage of doctors. As per the Teachers' Eligibility and Qualifications guidelines of the MCI, up to 30 per cent (50 per cent in Biochemistry) of teachers in the non-clinical subjects of Anatomy, Physiology, Pharmacology &amp; Microbiology could be 'non-medical' subjected to unavailability of medical (MBBS/MD) qualified teachers. Sridhar Rao, president of the NMMTA, said while there has been an increase in MD seats in the non-clinical subjects, 40-50 per cent of them remain vacant each year, which would only mean that the faculty shortage is likely to continue. "The shortage are more pronounced in the colleges located in rural, remote or hilly areas, where the availability of medical teachers is generally poor. Introduction of the new MBBS curriculum isn't a concern as all teachers are being trained to implement it," Rao asserted. He also said that while rejecting a prior proposal to do away with the provision of appointing M.Sc./Ph.D. teachers, the Board of Governors in supersession of the MCI in January, 2020 had cited the shortage of faculty in the institutions. While talking to IANS, Rao said that as per the NMC Act, NMMTA had filed first appeal with the NMC, which was rejected without any consideration. A second appeal has been filed with the health ministry, which is under consideration. "We are not seeking a new policy direction that might warrant the constitution of a new committee. We seek the restoration of the erstwhile MCI rules. We are not even seeking reservation. We are asking for the restoration of what was snatched away from us," said NMMTA president, adding that, "it will create an artificial crisis of teachers and resultantly the medical education would become costlier in India." SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/go-fashion-ipo-grey-market-premium-is-at-600/articleshow/87824720.cms">Grey market is paying nearly twice the IPO price for Go Fashion shares</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/telecom/news/centre-begins-auction-of-bsnl-mtnl-assets/articleshow/87820035.cms">Centre begins auction of BSNL, MTNL assets</a>

Around 3,000 non-medical teachers fear 'job crisis' after NMC guidelines

<ul><li>From global companies like Meta, Amazon,Twitter to Indian firms like Byju’s, Zomato, Vedantu — thousands of people were become <keyword id="176161" type="General" weightage="20" keywordseo="laid-off" source="Orion">laid off</keyword> and are now on job hunt. </li><li>Several people on <keyword id="28120" type="General" weightage="80" keywordseo="linkedin" source="Orion">Linkedin</keyword> and Twitter have been vocal about being laid off and asking for help in <keyword id="15791198" type="General" weightage="20" keywordseo="finding-new-jobs" source="Orion">finding new jobs</keyword>. </li><li>Business Insider India spoke to a few experts to understand how being laid off impacts one’s career.</li></ul>An Indian software developer relocated to Canada 11 months back in search of a job and found it too. But within two days of joining Meta, he was laid off. “What's next for me? Honestly, I have no idea! I'm looking forward to whatever comes next. Let me know if you know of any position or hiring for a software engineer (Canada or India),” writes <a href="https://www.linkedin.com/posts/himanshu-v-1b930990_meta-meta-metalayoff-activity-6996154816980811778-jwQQ/?utm_source=share&amp;utm_medium=member_desktop">Himanshu V on LinkedIn</a>. Many such people have been updating their status on LinkedIn and other social media profiles with their unfortunate change in employment status. The idea behind most such posts is to bag another job as soon as possible. Since the Covid-19 pandemic, more than <a href="https://layoffs.fyi/">2 lakh people</a> across the world have lost their jobs and the number is growing almost everyday. In spite of the waning effect of the pandemic, global companies like Meta, Amazon, Twitter and Indian companies like Byju’s, Zomato, Vedantu — laid off thousands of people — who are now on a job hunt. The startup ecosystem of India, which contains several unicorns as well, alone has laid off over 18,000 people in 2022 due to funding winter, according to media <a href="https://inc42.com/features/indian-startup-layoffs-tracker/#:~:text=Share%20story-,Indian%20Startup%20Layoff%20Tracker%3A%20Over%2018%2C000%20Employees%20Laid%20Off,2022%20Amid%20Startup%20Funding%20Winter&amp;text=We%20are%20at%20the%20business,for%20the%20Indian%20startup%20ecosystem.">reports</a>. As a result, the number of people seeking job opportunities on Linkedin and Twitter has increased. <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[]]></cdata></div> <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[]]></cdata></div> But, is it a good strategic move? Experts believe that candidates can share layoff news on social media and also express their emotions. Posting on important platforms can actually help them land another job faster. “It’s also important to remember that while a layoff might feel personal, it’s not – instead, it’s a reflection that the company’s business outlook has changed. Try to keep this in mind as you embark on your job search, and let the confidence and skills that helped you land that job power your next steps,” LinkedIn Career Expert Blair Heitmann told <a href="https://finance.yahoo.com/news/how-to-prepare-in-case-of-a-job-loss-202729571.html">Yahoo Finance</a>. Experts also say that affected employees should understand that their layoff will not have a major impact on their resumes and while searching for another job. Business Insider India spoke to a few experts to understand how being laid off can impact one’s career. “The layoff doesn’t overshadow the skills or milestones you have achieved so far. Highlight the projects you have spearheaded or how you successfully handled a crisis faced by the client. Remember, showcasing your skills with relevant examples is the best way to go about it,” said Anil Agarwal, CEO &amp; co-founder, InCruiter. Employees should highlight their skillsets and milestones achieved to their new employer. They should also be candid about their layoff in interviews for a new job to the HR. “If your employer has released a public statement, then you can present the same to your interviewer. If not, you should find out the reason behind your layoff and also the number of your fellow employees who faced the same situation. In this way, you’ll be prepared to justify your job loss, if required,” said Sumit Sabharwal, CEO, <keyword id="133742" type="General" weightage="50" keywordseo="teamlease" source="Orion">TeamLease</keyword> HR Tech. <cmsannotation type="cmsannotation" annotationid="What to write in resume and cover letter" comment="subhead" text="What to write in resume and cover letter">What to write in resume and cover letter</cmsannotation> While embellishing one’s resume is a common practice that experts warn against, they also say that it’s not necessary for employers to mention the reason why they’re currently unemployed. “You don’t need to mention your layoff in the resume. The purpose of your resume is to present your skills and qualifications to employers so that they can decide whether you are a good fit for their organizations,” Sabharwal added. However, one can mention it in the cover letters with an explanation and brief of your layoff, without complaining about your previous employer, he further said. Experts further advise the employees to learn new skills while searching for another job as it can help in boosting the resume. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/thelife/news/bumble-reveals-upcoming-dating-trends-in-2023/slidelist/96243427.cms#slideid=96244109">Inter-city love, better boundaries &amp; rise of divorced singles: Bumble reveals upcoming dating trends in 2023</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/it-metals-drag-sensex-nifty50-lower-amid-us-feds-hawkish-stance/articleshow/96244825.cms">IT, metals drag Sensex, Nifty50 lower amid US Fed’s hawkish stance</a>

You Searched For "job crisis in india" and got 9 results

Garment sector facing uncertainty due to Bangladesh crisis, normalcy may return soon: FM Nirmala Sitharaman

PTI

Mumbai job frenzy: 25,000 applicants show up for job interview with Rs 20,000 salary, cause stampede-like situation

Ankush Banerjee

US economy's fate hangs on jobs report as Fed decides how deep cuts will go

Dan DeFrancesco

Crisis-hit SpiceJet plans to hand out pink slips to at least 1,000 employees

PTI

We're watching an American retirement crisis unfold

Jordan Parker Erb

An Indian guy did his food-delivery job on horseback after a fuel crisis meant he couldn't get gas, video shows

Joshua Zitser

The fastest-growing career in the US is in wind power. Here's what employees make, what it's like, and how to land a job.

Catherine Boudreau

Around 3,000 non-medical teachers fear 'job crisis' after NMC guidelines

IANS

If you've been laid off, here's how you handle awkward questions from your next employer

Vaamanaa Sethi

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