Most tech professionals are open to new opportunities, but they are increasingly selective about job roles that align with their values regarding purpose, career progression, and physical & emotional well-being, according to a report. In its latest Talent Trends Spotlight on Technology Report, Michael Page said that India's tech professionals are among the most confident and selective globally, driving changes in hiring expectations. As per the survey, which draws insights from nearly 5,000 tech professionals worldwide, including substantial data from the Indian market, 94 per cent of tech professionals are open to new opportunities, they are increasingly selective about job roles. The survey suggested that 39 per cent of tech professionals express the desire to explore international opportunities as their top motivator for switching, followed by 31 per cent seeking better pay hikes and growth prospects. Flexibility becomes non-negotiable for the tech talent in India. Around 26 ...
Rising GenAI adoption could erode India's IT labour arbitrage model and pressure service revenues, unless firms pivot to IP, product innovation, and higher-value tech
Top Indian IT firms returned over ₹6.4 trillion to shareholders in 10 years while reinvesting just ₹1.2 trillion, raising questions amid slowing growth and AI-led churn
From TCS to Cognizant, firms pivot to AI-first models, favouring tech-savvy, younger talent and urging workforce to upgrade skills or face involuntary exits
TCS cuts over 12,000 jobs as Indian IT pivots to GenAI, automation and leaner delivery teams. Hiring slows across top firms as margins, skills, and productivity take precedence
Analysts say possibility of hitting high single-digit revenue growth looks unlikely
Indian-origin tech companies cornered a fifth of all H1B visas issued by the US with Infosys and Tata Consultancy Services leading the pack, an analysis of data from the US immigration department showed. According to data from the US Citizenship and Immigration Services, in April-September 2024 period, out of the total 1.3 lakh H1B visas issued to different employers, about 24,766 visas were issued to Indian-origin companies. Out of these, Infosys took the lead with 8,140 beneficiaries, followed by TCS (5,274), and HCL America (2,953). Infosys came second to only Amazon Com Services LLC, which topped with 9,265 visas. Cognizant, which was founded in Chennai but now has headquarters in New Jersey, ranked third in the list with 6,321 visas. The H1B visa programme allows US companies to temporarily employ foreign workers in specialty occupations. Indian companies have been significant beneficiaries of this programme, particularly in the technology sector. Major Indian IT services fi
The IT sector, which is on the path of recovery, is expected to witness 15-20 per cent growth in job opportunities across various industries in 2025, talent solutions company NLB Services said on Monday. The IT industry has gained back momentum in H2 2024 and is gearing up for a promising 2025 on multiple fronts, said NLB Services. In the coming year, fresher hiring in the Indian IT sector is poised for significant growth, with an anticipated increase of 15-20 per cent in job opportunities across various industries, it added. At the same time, the demand for highly specialised tech roles, including artificial intelligence, machine learning (ML), data analytics, and cloud technologies, is expected to surge by 30-35 per cent, driven by the increasing reliance on emerging technologies, it said. This surge in demand is not limited to hiring but extends to a strategic focus on tech upskilling, with companies investing heavily in training initiatives to equip their workforce with the ...
Policymakers in New Delhi have their sight on China's factory-to-the-world crown. They are spending $24 billion over five years on production-linked incentives
Most of the top IT services firms have reported record levels of total contract value. For instance, Tata Consultancy Services (TCS) reported a TCV of $8.1 billion in the third quarter of FY24
Digital marketing, data analytics, finance, management and artificial intelligence (AI) are among the most sought-after topics for the professionals
Hyderabad, Delhi and Bengaluru, being hubs of the IT/tech industry, have emerged as the most promising locations with intent to hire apprentices in the fourth quarter (January-March 2023), a report said on Friday. Hyderabad with 78 per cent net apprenticeship outlook (NAO), followed by Delhi (74 per cent NAO) and Bengaluru (68 per cent NAO), witnessed an increase in apprenticeship engagement as compared to the previous half-year period (July-December 2022), TeamLease Apprenticeship Outlook Report has revealed. The Apprenticeship Outlook Report covered 14 cities and 24 industries with a survey among 597 employers during January to March, 2023). Further, the report stated that 83 per cent of employers in Hyderabad are likely to increase the engagement of apprentices, 82 per cent in Delhi and 80 per cent in Bengaluru. Chennai (81 per cent) and Mumbai (77 per cent) were close behind in hiring intent, showing immense potential, the report added. From a pan-India perspective, 79 per cen
Anguished candidates wrote on one of Govil's posts that the company should either start the onboarding process or communicate formally that Wipro would not be taking their candidature forward
Mohit Joshi has joined Tech Mahindra as its CEO and MD. Experts have said that the development is consequential given the macroeconomic circumstances
German Chancellor Olaf Scholz said on Sunday that his government wants to make it easier for information technology experts from India to obtain work visas in Germany as the country struggles with a shortage of skilled labour. Scholz said improving the legal framework so Germany becomes more attractive for software developers and those with IT development skills is a priority for his government this year. "We want to make the issuing of visas easier," he told reporters during a visit to India's high-tech hub of Bengaluru. "Aside from the legal modernisation we want to modernise the entire bureaucratic process as well, Scholz said. Asked about workers who don't speak the language when they come to Germany, he said it should not be seen as a hurdle if people arrive in the country speaking English first and then acquire German later on. Scholz was speaking on the second day of his trip to India, after meeting Saturday with Prime Minister Narendra Modi to discuss the fallout from the
'Ups and downs' in global economy will not impact Indian industry for long, he says
Startups and IT majors alike are angling to recruit the best and brightest in the technology
After a troubled year amid the Covid-19 pandemic, the Indian job market seems to be getting back on its feet. Is there a trend to be spotted behind this facade of ‘All is well’? Watch the video
Five powerful Democratic senators urged Biden to rescind Trump's ban on some non-immigrant visas, including the H-1B visa which is popular among Indian IT professionals
Donald Trump's order to enforce ban on US companies' favourite visa, H-1b, has been blocked by a US federal judge