Latest news with #techjobs
Independent Singapore
12 hours ago
- Business
- Independent Singapore
After Standard Chartered offshores jobs to India, Reddit user asks what S'poreans are doing to protect themselves
SINGAPORE: Reports that Standard Chartered laid off 80 staff members in Singapore to offshore these roles to India appear to have sent a chill among some employees. One Reddit user immediately took to the platform to ask how others are protecting themselves. The company offshored roles in Singapore, mainly from its technology and operations teams, according to eFinancialCareers. However, this may just be the beginning of a broader restructuring, sources at the bank have said. In a post on r/askSingapore, u/piggyb0nk wrote, 'What are you doing to protect yourself from offshoring?' They explained that they work with several tech teams, and the majority of the roles are contracted out to companies based in India, Vietnam, and the Philippines. They described the workers they've met from these countries as 'REALLY GOOD' – experienced, able to speak 'decent' English, and known to perform well. The post author added that they've discovered that these workers are paid only 'a fraction' of what their Singapore counterparts make. 'The company actually has no logical business keeping me on – most of the local team here could be eliminated and contractors hired offshore,' the post author wrote, adding, 'I've found that upskilling isn't really helpful because there will be many people equally or better skilled who can demand less – so I have trying to work toward a career path that takes me up into management as quickly as possible to achieve some level of stability.' See also We look back to the 10 most-inspiring features from the ecosystem They also asked what others are doing to protect themselves from offshoring. 'I work in IT with physical sites, part of my hiring was to have an engineer near the sites in case something happens. This helps to justify my hiring,' wrote one, adding, 'I also volunteer to travel to any nearby countries if required. (My career has sent me to Japan, Indo, msia, India, etc). This offers our passport visa-free advantages to our employers. 'In my case, I try not to compete with 3rd world salaries but with 1st world salaries. We can earn the same or slightly less than Americans or Europeans and still have a higher purchasing power due to our lower taxes.' 'Be a revenue driver or a critical component of revenue-driving teams. Nobody's doing sales out of India. The corporate mindset now is front-end based in Singapore (for that income tax) and backend based in a satellite office. 'Find ways to value-add. If you're an expensive/senior role at a cost centre unit, sorry but your time is ticking. Be visible, find ways to value add. Your roles are the juiciest when a bunch of old white men sit in a boardroom and go through lists of who to retrench because soft benefits like efficiency don't show up in KPI data all the way up,' contributed another. See also Young Singaporeans snap expensive items before GST kicks in Some advised that taking jobs in healthcare, education, security, or the civil service are likely to be safer from offshoring, and others said that the post author could move to a country where the cost of living is cheaper. Another chimed in that they're accumulating assets in case they are let go. 'It's easier and much more productive to make ourselves less dependent on the job for a living. That way, if offshoring really happens to the job, it will suck but not matter as much. Also, at some point in time, like it or not, we have to retire.' Interestingly, one commenter did not answer the question but pointed to high rental rates and how these affect salaries as a key part of the problem. 'The issue is the sky-high rent and rent-seeking behavior. High wages in SG, but most of the wage goes towards landlords (whether directly in the form of mortgage or rental payments or indirectly in the form of higher prices, etc). This perpetuates a wage-price spiral (high prices so workers demand higher salaries, which then lead to high prices), which prices us out from competitors without any real benefit to Singaporeans who are spending locally. It's great for people working SGD and spending elsewhere, eg, Malaysians /foreigners who send money back home,' they wrote. /TISG See also Why brands fail on e-commerce and what they can do about it Read also: 80 job cuts at Standard Chartered Singapore 'likely just the start' amid push to return US$1.5B to shareholders
Entrepreneur
3 days ago
- Business
- Entrepreneur
Coralogix Raises USD 115 Mn In Series E from NewView Capital and Others
The company plans to use this investment to expand its Gurgaon AI R&D hub, grow engineering and customer-facing teams in Bengaluru and Mumbai, and create hundreds of high-skill tech jobs in roles such as AI, data science, and cloud security. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Israel-based cybersecurity and observability company Coralogix has raised USD 115 million in a Series E funding round led by NewView Capital, with participation from Canada Pension Plan Investment Board and NextEquity. Existing backers including Advent International, Brighton Park Capital, and Red Dot Capital Partners also joined, bringing Coralogix's valuation to over USD 1 billion. A major portion of the newly secured funds will be deployed in India, one of Coralogix's top three global markets. The company plans to use this investment to expand its Gurgaon AI R&D hub, grow engineering and customer-facing teams in Bengaluru and Mumbai, and create hundreds of high-skill tech jobs in roles such as AI, data science, and cloud security. "India plays a strategic role in Coralogix's global roadmap," said Ariel Assaraf, CEO and Co-founder of Coralogix. "With this round, we aim to expand our Indian presence significantly, including building cutting-edge AI capabilities, deepening partnerships, and creating additional high-value tech jobs." Founded in 2015 by Ariel Assaraf and others, Coralogix offers a full-stack observability and security platform. Its services include log analytics, APM, SIEM, real user monitoring, and infrastructure monitoring, enabling real-time visibility into performance, security, and governance without indexing delays. The platform is known for its data-volume-based pricing and strong enterprise support. Coralogix already works with major Indian firms such as Postman, Razorpay, BookMyShow, Delhivery, and Meesho, helping them enhance incident response, ensure compliance, and harness AI observability. The company is also strengthening partnerships with cloud providers in India and enhancing its local AWS infrastructure in Mumbai for better data compliance and performance, particularly in regulated sectors like finance and healthcare. This announcement follows Coralogix's December 2024 acquisition of Aporia, a leader in AI guardrails and observability, and the launch of the Coralogix AI Center, which provides performance, security, and governance insights for enterprise AI systems. "This round validates our momentum and helps us push the boundaries of AI-driven observability," said CTO Yoni Farin. Navdeep, Co-founder of Snowbit and President, APAC at Coralogix, added, "We are excited to harness India's engineering excellence to help shape the future of AI-powered observability and security."
Yahoo
6 days ago
- Business
- Yahoo
3 Affordable Cities for Young Entrepreneurs
Young entrepreneurs should bring their ambition, talent and work ethic to affordable cities with booming economies, innovative industries, a talented labor pool and sprawling professional networks. There are many to choose from, but an exceptional trio of cities stands out. Read More: Consider This: The list includes only cities with average Zillow home values lower than the national average, which the platform cites as $367,711 as of Jun. 10, and below-average living costs, as calculated by AreaVibes. Each is also business-friendly, with favorable regulations, modest tax burdens and large influxes of young founders flocking to its plentiful resources, strategic infrastructure and strong livability ratings. Cost of living: 6% below the national average Average home value: $249,725 In February, Silicon Prairie News reported that a co-warehousing startup called Elevator, founded in Omaha in 2021, was expanding into Kansas City. This up-and-coming company is hardly alone. Kansas City is a major hub in the so-called Silicon Prairie, a network of affordable Midwest metros with booming tech sectors, diverse economies and fast-growing, innovative companies. According to corporate campus provider Aspira, which leases 3.8 million square feet of Class-A office space in K.C. Metro, Kansas City: Is home to more than 1 million non-farm employees. Ranks No. 3 in tech job growth behind only San Francisco and Austin. Is a trendy city that skews young. For You: Cost of living: 1% below the national average Average home value: $257,547 According to the city's Economic Development Authority (EDA), St. Cloud has been known for more than a decade as Minnesota's Silicon Prairie, thanks to its vibrant tech sector, diverse economy, reliable public transit, major transportation centers and robust digital infrastructure. The downtown area has more than a dozen high-tech companies in a five-block radius, and 100% of the city lives in an area with at least three broadband carriers. Its entrepreneurial ecosystem includes initiatives like StageWorks, which provides pop-up storefront spaces, co-working memberships and flexible and affordable office rentals. The Greater St. Cloud Development Corporation provides resources like free business coaching, resource matchmaking events and pitch competitions. Cost of living: 14% below the national average Average home value: $203,967 Founders who prefer life in a small city of roughly 40,000 people might consider Florence, which has exceptionally-low living and housing costs but a wealth of resources for entrepreneurs, including: The Shoals Business Incubator: Maintains a 90% success rate in incubating more than 300 businesses over 30 years. Alabama Small Business Development Center at University of North Alabama, Florence: The University of North Alabama's SBDC has offered free training and advising services to existing and aspiring small business owners since 1980. Remote Shoals: The program offers remote workers $10,000 to move to the Shoals region, which includes Florence. The Shoals Economic Development Authority: Includes a variety of tax incentives and grants, financing and workforce development programs among its many business-assistance offerings. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 Clever Ways To Save Money That Actually Work in 2025 10 Used Cars That Will Last Longer Than an Average New Vehicle This article originally appeared on 3 Affordable Cities for Young Entrepreneurs
Associated Press
29-05-2025
- Business
- Associated Press
BOT Consulting forays into global market; expands its Global Delivery Center (GDC) footprint with a new Special Economic Zone (SEZ) facility in Rajasthan
JAIPUR, India, May 29, 2025 /PRNewswire/ -- BOT Consulting, a next-generation venture studio for Global Delivery Centers (GDCs), has announced its foray into the Indian market with its new SEZ facility in Jaipur. Spread in 2.5 acres, the 250+ seater delivery center at Mahindra World City, Jaipur will create over 500+ high-quality tech jobs in the region. Backed by a Memorandum of Understanding (MoU) with the Government of Rajasthan signed on 10th Nov. 2024, further cements Jaipur's reputation as India's emerging hub for innovation, talent, and digital infrastructure. This expansion forms the foundation for BOT's vision of building sustainable, high-performance delivery ecosystems in Tier 2 cities that are ready for global transformation. As a Venture Studio for GDCs, BOT offers a distinctive model that enables global tech firms to scale in India. Its approach combines the benefits of SEZs, AI-led operations, and a strong values-driven culture to deliver enterprise-grade solutions with the agility of a startup, minus the complexities of traditional outsourcing. Driving this new chapter of growth is Manpreet Singh, a former executive at Salesforce and Wipro, who joins BOT as CEO. With over two decades of experience in building and scaling cloud-tech and consulting GDCs to successful exits, Manpreet brings a culture-first, innovation-forward leadership style that will accelerate BOT's global ambitions. Speaking at the event, Manpreet Singh, CEO, BOT Consulting said, 'At BOT, we're not just building delivery centers, we're building ecosystems of talent, culture, and capability that scale with our clients. Our model is designed for speed, resilience, and long-term alignment, and the success of partners like Cloudsmith and Hakkoda is a testament to that vision. As we expand, our focus remains clear: to enable global tech firms to grow with agility, purpose, and impact.' 'This is not outsourcing. This is asset-building. We're creating modern, scalable delivery centers that are tightly aligned to global companies' cultures and performance goals. Jaipur, with its incredible talent and infrastructure, is ready to lead this global shift. BOT's integrated approach transforms delivery centers from cost-driven extensions into innovation-ready hubs that contribute directly to core business value,' he further added. BOT's partners are reporting faster go-to-market outcomes, cultural cohesion, and high levels of operational performance through their India delivery centers. 'BOT Consulting has helped accelerate Cloudsmith's growth by establishing a high-performance software engineering and technical support center in Jaipur. Their ability to attract talent and scale up with us have enhanced our operational efficiency and delivered exceptional time-to-value. We are believers in Jaipur emerging as a powerhouse for world-class tech talent. We plan to keep scaling up based on BOT's strong culture and performance,' said Glenn Weinstein, CEO of Cloudsmith. Echoing the sentiment, Erik Duffield, CEO of Hakkoda (an IBM Company), added, 'BOT Consulting has been a great Global Delivery Center partner in building out our team in Jaipur. Their support has enabled us to build an amazing team with speed and in tune with Hakkoda's culture, training, and structure.' BOT's operating model is designed to solve the biggest challenges in global delivery—delays in ramp-up, talent attrition, and misaligned cultures—by embedding agility and ownership from day one. AI-native talent acquisition, intensive onboarding, and robust governance allow operational readiness within weeks. With a high retention rate, driven by a strong emphasis on cultural integration and employee well-being, BOT ensures continuity and quality at scale. Through partnerships with institutions like SKIT and LNMIIT, BOT is also nurturing Rajasthan's next generation of tech professionals, with 25% of its workforce drawn from local engineering colleges. The company's Śrī Initiative, its CSR platform, drives community engagement across education and environmental causes—strengthening the social fabric around its operations and deepening its roots in the region. BOT's emergence is more than a business expansion, it's a strategic blueprint for how global delivery can be reimagined with purpose, precision, and long-term value. About BOT Consulting BOT Consulting is a next-gen GDC venture studio headquartered in India. By combining modern infrastructure, Rajasthan's top talent, and its proprietary operating model, BOT builds scalable, transferable GDCs for global tech firms—with a culture-first approach that ensures low risk, high quality, and rapid time-to-value. Partnered with industry leaders like Hakkoda and Cloudsmith, BOT is redefining Jaipur as the next frontier for innovation. For more information - Photo: View original content to download multimedia: SOURCE BOT Consulting
Geek Wire
28-05-2025
- Business
- Geek Wire
How to land a tech job in the AI era: Founders, recruiters, professors share advice for grads
From top left, clockwise: Wendy Hellar, COO at Prime Team Partners; Kirby Winfield, founding general partner at Ascend; Magdalena Balazinska, director of the UW computer science school; Prem Kumar, CEO at Humanly; Erik Moor, professor at Seattle University; Milena Marinova, CVP at Microsoft; Steve Krenzel, CEO at Logic; and Suresh Kotha, professor at the UW business school. For college graduates walking across the stage and into the workforce, recent headlines may spark concern. SF Standard: Sorry, grads: Entry-level tech jobs are getting wiped out New York Times: I'm a LinkedIn Executive. I See the Bottom Rung of the Career Ladder Breaking. Wall Street Journal: The 'Great Hesitation' That's Making It Harder to Get a Tech Job AI is changing what it means to get a foot in the door in tech. But while the ground is shifting, new grads may be uniquely positioned to adapt. That's one takeaway from investors, professors, and tech execs we spoke with this month to gather advice for the Class of 2025. Their insights offer a roadmap for young tech workers — and anyone trying to navigate today's AI-driven job market. Prem Kumar, CEO at Seattle recruiting startup Humanly Everyone is trying to figure out how to use AI in real-time — and Kumar says this gives new grads an edge. 'You can experiment, build, and push boundaries in ways many people with more experience might not.' Kumar suggests tools such as (for resumes and interview prep) and ChatGPT (to organize your experiences into a searchable reference doc). Non-AI tip: Focus on critical thinking skills. 'In a world where content is infinite and creation is frictionless, the ability to distinguish signal from noise and truth from hype is what will set you apart,' he said. Kirby Winfield, founding general partner at Seattle VC firm Ascend Non-technical grads who want to work at a startup should be bring something concrete — like sales leads — to the table. 'Quick prompting on ChatGPT can build a good lead list,' Winfield said. 'LinkedIn can provide individual points of contact. Showing initiative and the ability to use basic generative AI to help startups grow is a powerful combination.' Magdalena Balazinska, professor and director, University of Washington Allen School of Computer Science Apply broadly — across size and industry — and then choose a job that offers the most learning. 'It's important to optimize for learning and for growth, especially early on in one's career,' she said. Balazinska said companies want strong analytical thinkers with coding and communication skills. She also recommends getting experience with AI to learn its potential — and limitations. 'I recommend learning whatever tools they can put their hands on and, if possible, learn a variety of tools,' she said. Wendy Hellar, COO at Seattle-based recruiting firm Prime Team Partners Hiring managers now expect candidates to be actively using AI. But be careful using them during an interview. 'It's obvious to us when candidates are reading answers and they are not speaking for themselves,' Hellar said. 'AI-generated resumes are also easy to spot — so make sure there is key data and personalized language that reflects the individual.' To stand out: prioritize networking and be open to working in-person, Hellar said. Suresh Kotha, professor of strategy and entrepreneurship at the University of Washington Foster School of Business Use AI to amplify your skills and become more productive. 'You become kind of a bionic person with AI,' Kotha said. 'I'm telling my students to learn to use AI and show [companies] that you can improve your productivity with AI and you can go forward, and you can work with this technology and master this technology.' Steve Krenzel, CEO at Seattle enterprise software startup Logic Krenzel said his advice hasn't changed since a decade ago: 'Master the fundamentals, explore every tool you can (both old and new), and build a lot of things,' he said. Building helps clarify your thinking and improves communication, he said. Milena Marinova, corporate vice president at Microsoft Use free or low-cost training to get hands-on experience with AI tools. But remember that timeless skills are still valuable. Overall bias for action, risk-taking, and thinking of out-of-the-box are rewarded, whether you're a new worker or a senior leader. Critical thinking, problem solving, and having a growth mindset are also important, Marinova said. Erik Moore, cybersecurity program director and professor at Seattle University Understanding the privacy and security risks of AI can get you ahead and provide value.
