Post #10: Are layoffs entirely bad?
While the market is in a state of flux, what does this mean for hiring companies?
Hey there!
You know it’s Friday when we are back with a fresh newsletter for you! Check out the updates we have for you this week :)
Hiring freeze has ensured premium talent is available and affordable
Layoffs are in the news all over again!
While this has shaken up the market, Nikunj Verma (CEO & Co-founder, Cutshort) in an interview with CNBC-TV18 had a different viewpoint.
You can read the full article here.
Got your hands on the E-book? Here’s the word in the market.
Cutshort’s ebook on “Tech Hiring: key changes in the last 6 months” has been accessed by 1000+ TA professionals so far! Here are some of the comments:
Haven’t checked out the ebook, yet?
Feature Update: Trust Score is now live on Cutshort
We all hate it when candidates accept offers but back out later, right?
Cutshort is adding a new feature called "Trust Score" which indicates the professional credibility of a Cutshort user.
Every candidate who has opted in for this feature has agreed to:
✅ Provide only accurate info on their profile
✅ Join if they accept any of your offers
Failing to fulfill the above will influence their Trust Score.
This CIBIL like score can help you prioritize the candidates who are likely to show a higher level of professionalism- leading to faster closures and a higher joining ratio.
Head here to see how you can use Trust Score in your hiring process via Cutshort.
P.S. I would love to hear about your experience with this feature. Feel free to comment with your thoughts 😄
That's all the updates we have for you this week. Stay tuned for more such updates in the future.
Until next time!
Neeraj from Cutshort