New York and San Francisco offices of Twitter will be closed immediately just two weeks after opening. Following the new CDC guidelines, the decision has been made. Concerns regarding the Delta variant have made the CDC ask fully vaccinated people to wear masks in places with high Covid transmission rates. Google has also extended its WFH policy till Oct 18, while Amazon also expects its employees to get vaccinated soon.
Average expenses incurred due to data breaches have now reached $4 mn, a record high during the pandemic. An IBM report said that a firm may incur an average cost of $4.24 mn per incident for involving records between 1,000-100,000 which is 10% higher than 2020. Mega breaches involving 50 mn to 65mn records have also reached a mark of $401 mn per incident. Compromised credentials were the most common attack method.
The pandemic has forced IT sector employees to drastically upskill themselves and thus they are looking for a staggering 70% increase in their wages. With the increase in demand for technical superiority, employees have worked overtime to improve their skills in domains of AI, blockchain, cloud computing etc. Improvement in communication skills has become a must. 82% of the jobs require digital skills as one of the basic criteria.
Hiring has hit recovery mode after the Covid-19 second wave, according to the Naukri JobSpeak report. Jobs in IT are up by 52% from pre-Covid levels of June 2019 and 5% sequentially, which is an all-time high for the sector. YoY, hiring in the IT-software sector grew 163% in June. This comes after hiring activity went into a nosedive of 15% in April. Covid-hit-sectors like retail, hospitality and travel also showed growth during the month.
LG Electronics announced that it will be looking to expand its cloud-based call centers to provide better customer services to protect its workforce from Covid-19. LG recently launched its cloud-based call center in the US and they will be available in 10 more countries by the end of 2021. Q2 of LG is expected to clock 17.6 trillion won, up by 37% compared to 2020. Its operating profit is estimated to grow by 140% on-year to 1.2 trillion won.
Almost 50 countries are interested in having a platform similar to CoWIN to conduct their vaccination drives. India is ready to share the open-source software with anyone for free. Over 30 cr people have registered and vaccinated via CoWIN. Dr. R S Sharma said India needs to work on the underinvestment in the healthcare sector, the health system should be data-driven and increase the healthcare workforce.
Google’s parent Alphabet plans to shut a seven-story building in London, which was devoted to helping start-ups. The move comes after the pandemic hit the globe and showed the tech giant that physical space is no more required to help the start-ups. Google is already providing its support programs and services online due to COVID 19. The UK startup community doesn’t need physical space as much as access to resources, said Google in a statement.
Demand for talent is soon going to be a ‘key dependency’ which will excel the supply chain, says Wipro chairman Rashid Premiji. The pandemic accelerated the shift to digital and now we must work to scale the supply chain, build mechanisms for equitable distribution and drive an efficient administration of vaccines, he said. Wipro and Azim Premji Foundation, together committed about Rs 1,125 cr to help battle COVID-19. 1,500 projects.
Infosys is integrating its own platform and CoWIN to make the vaccination process easier for employees and families. Last month new guidelines were released for the integration of CoWIN with third-party platforms. India has been increasing the speed of vaccination with 24.9 cr citizens having received the jabs. Glitches on CoWIN are also being ironed out and users can make corrections to errors in name, DoB, and gender, on the CoWIN website.