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Why the jobs market is cautiously optimistic; EV startups hit the road in 2024
- The hiring landscape in 2024 saw a balance between caution and optimism with an increased focus on strategic hiring.
- Hiring for freshers and entry-level roles grew due to rising demand for AI, cloud computing, and data analytics skills.
- Krishna Vij from TeamLease Digital commented that the 2024 layoff wave was caused by the global economic climate, automation, and startup funding challenges.
- Experts predict stronger hiring in 2025, with a projected 9% growth in hiring.
- In 2024, EVs became mainstream, with 1.8 million sold in India by November, but companies faced challenges including high costs and lack of subsidies.
- Atheer Energy, Ola Electric, and other EV companies plan to enter public markets.
- Indian investors increasingly bet on Bitcoin and altcoins, with a shift toward long-term investment strategies.
- CoinDCX reported significant growth in trading volume and assets under management, as well as increasing representation by women.
- Telegram surpassed $1 billion in revenue in 2024 and became profitable.
- US launched an investigation into Chinese semiconductor production.
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