Startup & Govt Career Info

The main purpose of this blog is to provide information about jobs in startups as well as in government agencies. The unemployment rate in India is about 7.6% now which is about to increase to 9% - 10% after the Corona Virus effect on Economy. As you know Indian Economy was started declining in 2019 and in 2020 due to coronavirus, it is about to decline to the level that GDP will be at 2% - 2.5%. In this economic crisis, many startups and well-established companies may file for bankruptcy. The startups which call themselves unicorns( startups with more than $1 billion) and are in losses are the first ones to  layoff employees  as the major source of their funding ( SoftBank ) is also making losses. The reason for huge unemployment in India is some incorrect Government policies and lack of skills in youth. Unemployment or Unemployability In India  Engineers, Doctors, and MBAs are most unemployed. According to the National Employability 2016 report  lack of ...

SoftBank Crisis is about to take away funding from Indian startups and now due to coronavirus, many industries are facing economic slowdown which results in job cuts. So is your job safe? SoftBank Financial Condition As we have discussed in the  SoftBank Crisis post , SoftBank has reported losses of about USD 8.9 billion in the last quarter and to recover from the losses SoftBank is selling its assets worth USD 41 billion. Also, we have seen, SoftBank's Vision Fund-1 which was about USD 100 billion has invested heavily in startups at high valuations out of which many startups are reporting huge losses which are not in millions but billions of dollars. The money raised during various funding rounds by startups were used to expand heavily in the new markets internationally. Because of the current degraded financial condition of SoftBank, startups are unable to raise more funds for running operations. The latest example is of WeWork which is a SoftBank backed startup. After ...