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The potential economic impact of the metaverse, or Web 3, in India could range from $79 billion to $148 billion per year by 2035, translating into 1.3 percent to 2.4 percent of the country's GDP, as per a Deloitte report. Metaverse, or the next iteration of the internet, is set to offer a plethora of career options as many industries recognise its potential and develop use cases. It is already gaining popularity among youth as seen by the Pokémon Go craze of 2016. The potential economic impact of the metaverse, or Web 3, in India could range from $79 billion to $148 billion per year by 2035, translating into 1.3 percent to 2.4 percent of the country's GDP, as per a Deloitte report. Moneycontrol interacted with a cross-section of gaming industry leaders to find out how candidates can prepare themselves to enter the booming gaming industry and which job roles are in demand. Which industries are hiring for ‘metaverse talent’? As per market research firm … [Read more...] about Metaverse set to spark next job boom. Get ready with these skills

Representative image The Indian fintech ecosystem is perhaps the most unique in the world, with hyperscale payment infrastructure, thriving lending innovations, digitally savvy banks, and market-driven open-banking frameworks. This has helped the country achieve a scale of unheard levels — 71 billion digital payment transactions, Rs 11.8 trillion lent to retail and SME customers, and 55 million active neobank (online bank) accounts. The Indian fintech ecosystem has broken the barriers of language, location, and illiteracy. Fintech firms have helped onboard new-to-credit as well as sub-prime customers. Jan Dhan and neobanking are helping ensure that every citizen has access to banking. A case in point is the high penetration of UPI. Earlier, Indian fintech would imitate developments abroad, but now the reverse has begun. With a focus on speed, cost, and scalability, homegrown innovations like UPI, the India stack, and lending frameworks have become global benchmarks. Indian … [Read more...] about The Indian fintech ecosystem is setting global benchmarks

Share to Twitter Share to Linkedin A recent article in The Atlantic claims that America’s fever of workaholism is finally breaking for the rich, who are buying more free time. Unfortunately, that’s not the case for the average American worker. Now that remote and hybrid work are becoming the new normal, employees face new challenges along with the advantages. Chronic work stress no longer exists solely in the office. In one study , 48% of remote workers said they were struggling to disconnect from work, burning the midnight oil. This trend has led to nearly half of the workforce feeling burned out—conditions detrimental to productivity and job satisfaction. If you work at home, you’re in your personal space, not your usual professional environment, with your personal and professional worlds under one roof. The upside is you have greater flexibility, but the downside is your personal life can bleed into your workday. Laundry needs to be done, dishes … [Read more...] about 10 Ways Remote Workers Can Find Work-Life Balance In 2023

Share to Twitter Share to Linkedin Even as media consumption skyrockets due to the COVID-19 outbreak, publishers are struggling as advertisers pare back their spending. Hundreds of journalists have already been laid off or furloughed, with more bad news expected in the coming weeks and months. Some outlets, like the Tampa Bay Times , say the cost-saving measures are intended to be temporary. Others, like The Outline, have shuttered entirely. Below is a list of major media companies (in alphabetical order) who have imposed layoffs, furloughs or pay cuts. Forbes will continue to revise this list as updates come in . ADVERTISEMENT Last updated May 29 at 7:30 pm EDT. American Media: The tabloid publisher, whose portfolio includes Us Weekly and In Touch (and previously the National Enquirer ), will reportedly cut employee salaries by 23%. Boston Herald: The paper laid off at least a half-dozen positions, including on its … [Read more...] about Tracker: Media Layoffs, Furloughs And Pay Cuts Due To Coronavirus

The economy is slowing down and inflation is cooling, with no mass layoffs in sight—that’s not supposed to happen. Friday’s news that employers kicked hiring into high gear in January by adding 517,000 jobs came as a surprise for a number of reasons. Layoffs at Google ( GOOGL) and other tech companies have dominated headlines . Other parts of the economy have been slowing down , with a multitude of indicators flashing warning signs of a recession. The domino effect of a slow down usually causes a surge in the unemployment level, and economists had expected those headwinds to at least curb the pace of job gains. “It’s clearly the tale of two economies,” said Ryan Sweet, chief U.S. economist at Oxford Economics. “The labor market is extremely tight. It's very strong, but the rest of the economy is slowing down.” Those two things don’t usually go together, but the pandemic may have overturned the old rules. “Historical experience may prove to be misleading in 2023,” said … [Read more...] about The Job Market Is Defying Economic Gravity

ChatGPT’s popularity is spreading like wildfire in the developed world, with even children using it to do their homework. (Image Courtesy: Nurphoto via Getty Images) For many, ChatGPT has become a looming threat on the horizon. A mythical creature ready to swoop down and gobble up our jobs. But is there any truth to that? And what will be the impact on the workplace? What does ChatGPT mean for writers? Think about it, is ChatGPT creative? It is the one thing that differentiates AI from real humans. ChatGPT isn't any different. It follows a specific pattern when it comes to writing and will punch out incredibly similar content with minor details changed. It adheres to a formula which makes it less unique than creative writing from real humans. Read More But you may ask, what about non-creative fields? Marketing, news or announcements? Well, for starters, ChatGPT does not have access to the internet, which means its database is limited to what it has … [Read more...] about Will ChatGPT take your job? Here are some areas that the AI will affect

When Stewart Butterfield and three colleagues sold Flickr to Yahoo for around $22 million in 2009, they quickly identified online games as a promising sector for their next venture. Online technology had come a long way since they launched Flickr in 2004, and hardware was much cheaper. Their new company, Glitch, would run games on the Adobe Flash multimedia player. For what Butterfield calls "a whole bunch of reasons," Glitch failed to take off the way Flickr did. Then, Steve Jobs decided Flash would not be available on the iPhone. With around $5 million left in investor capital, Butterfield and his partners decided to change course rather than give up and return the remaining funds to their investors. Why? While building games for consumers, the Glitch team had also built something useful for themselves: a nameless, digital messaging system with the ability to direct message both individuals and groups of people. Glitch co-founder Cal Henderson had also added a mobile app and … [Read more...] about Slack’s Stewart Butterfield on Getting to $1 Million in 72 Hours

Share to Twitter Share to Linkedin FC Barcelona head coach Xavi Hernandez has ruled out any chance Manchester United might have had of signing Ansu Fati. Reports emerged from Catalonia on Friday claiming that the Premier PINC League giants were interested in buying the former teenager prodigy from his boyhood club. Fati is struggling for form and protaganism in Xavi's talented team which currently tops La Liga, with a decision to opt for a four-man midfield only leaving space for a right winger as either Gavi or Pedri operate as false left wingers. Probed on the rumors ahead of Barca's meeting with Sevilla at Camp Nou on Sunday evening, Xavi Hernandez poured cold water on any remote hopes Barca's opponents in the Europa League in under a fortnight might have had of landing the number '10'. "No, no, no... Things will work out for him," Xavi insisted . "We have to be patient. Ansu is a spectacular asset to the club. We trust him a … [Read more...] about Xavi Rules Out Manchester United Signing Ansu Fati From FC Barcelona

Share to Twitter Share to Linkedin Bundesliga giants Bayern Munich are the club that has shown the most interest in signing FC Barcelona star Ansu Fati from a total seven European rivals, according to a report. On Friday, it was claimed that Manchester United were interested in acquiring the 20-year-old number '10', who is currently spending more time on the bench than featuring for Xavi Hernandez's La Liga-leading first team. The youngster's plight hasn't gone unnoticed continent-wide according to Mundo Deportivo , however, which says on Saturday that Bayern Munich have registered the most interest in the Guinea-Bissau-born sensation. North London rivals Arsenal and Tottenham are also said to be keeping their ears to the ground when it comes to Fati, who burst onto the scene as a prodigious 16-year-old in 2019 under Ernesto Valverde. It is now starting to be muttered by many fans that Fati hasn't been the same since that time, when he … [Read more...] about Bayern Munich Lead Seven Clubs Interested In Signing FC Barcelona Star Ansu Fati – Reports

Share to Twitter Share to Linkedin Forecasting a massive hit from policies to stop the spread of coronavirus, New York real estate startup Compass has laid off 15% of its employees. “As we continue to hope for the best, we need to prepare for the worst, ” CEO Robert Reffkin wrote Monday in an email to his staff. “So we are joining thousands of other companies across the country in making the heartbreaking decision to let some members of our team go.” As the coronavirus pandemic has roiled stock markets and forced businesses around the United States to put operations on hold, companies have started laying off workers . Economists, including those at real estate services firm CBRE, predict the unemployment rate will jump to over 5%, from 3.5% —meaning 2 million to 3 million people could soon lose jobs. Reffkin argued the rate could go as high at 10%. The roughly 375 Compass cuts—which hit departments including marketing, finance and M&A—came … [Read more...] about Shelter-In-Place Downturn Leads Compass To Cut Staff By 15%