Page 5 - It Industry Layoffs

Net hiring down for TCS, Infosys: IT industry stares at jobless growth

TCS, Infosys showed net hiring decline in Q1 versus Q4 last year

Not pessimistic on IT jobs, startups should help: RBI Guv Urjit Patel

Remark comes amid reports pointing to a slowdown in IT sector hiring

Telangana IT Min on layoffs: It's common to lay off few and recruit more

BS ReporterHyderabad, 1 June: Telangana IT minister K T Rama Rao on Thursday came in strong defense of the practice of annual layoffs in the IT sector as he said the companies have been creating lot more jobs than they allowed people to leave their campuses in an year."Its common to the(IT) companies... Few people are let go off but lot more new employees are being recruited by them each year. Why should we object to this," the minister said while baking his views with the job growth numbers in Hyderabad city. The IT companies had created more than 24,000 new jobs in the city during the year 2016-17, according to an annual report prepared by the state IT department.Last month a couple of associations representing the IT employees had knocked at the doors of the labour commissioners of various states, including Telangana, seeking intervention against what they termed as large scale layoffs being allegedly effected by different IT companies.Incidentally, the labour department of ...

IT industry layoffs: More complaints filed against Wipro, Cognizant, others

India's large IT services companies are witnessing increasing backlash from employees asked to resign in recent months as the industry sees a structural change due to business as well as technology shifts. Former employees of major IT services firms such as Tech Mahindra, Wipro and Cognizant on Thursday met with labour department officials in Bengaluru and Pune alleging that there have been cases of "forceful resignations" at both the companies. A former Vodafone employee also joined the ranks of disgruntled professionals to file a letter against their unethical termination with the Pune Labour commissioner. Employees of one of the organizations said that the terrace of their office is being patrolled by bouncers to ensure that nobody tries to jump from there. All affected members were clearly vary of making public statements or even having their pictures taken as they are apprehensive of how their current and future employers may perceive their involvement with Forum for IT ...

FITE approaches Labour Commission over IT employee layoffs in Tech Mahindra

A petition was filed seeking intervention in the matter; Company, however, denied forum's claims

Karnataka govt to meet employee associations to discuss IT industry layoffs

Association had called for an urgent meeting with the state govt on Tue

IT industry layoffs: Upskilling may help professionals save their careers

According to BigData, skilll acquisition may fetch Rs 13.94 lakh per annum

[24]7 to hire over 3,000 digital chat agents in India

Recruitment to be made from campuses in Bengaluru, Hyderabad

IT crisis: Nasscom denies layoffs, says sector net hirer of 150,000 people

However, it also says techies will have to re-skill themselves to stay relevant

IT industry layoffs: Techies should re-skill or perish, says Nasscom

Statement follows reports that suggest over 50,000 people could be laid off this year

IT industry layoffs may continue up to 2 yrs: Experts

Pink slips are likely for jobs in manual testing, technology support and system administration

Nasscom plays down layoff fears, says workforce realignment occurs every yr

It pointed out that no significant changes have been reported or observed this year

Tech Mahindra joins Infosys-Wipro pink slip club, sacks 1,000 staff

Software services firm Tech Mahindra has sacked thousand odd employees this month joining peers such as Wipro, Infosys and Cognizant to trim workforce as they face their worst business crisis in nearly a decade.Indian firms are witnessing their slowest growth in a decade due to automation, technology shifts and increased protectionism in its main markets. Global firms are shifting their budgets from traditional IT services to newer areas such as digital and cloud, which requires engineers to engage clients than work remotely. Also, low end maintenance work is increasingly automated forcing companies to shift them to other projects and reduce hiring from campuses.With growing stress on their business, IT firms are also increasing scrutiny on performance of employees and weed out non performers."We have a process of weeding out bottom performers every year and this year is no different," a Tech Mahindra spokesperson said.As on December 31, 2016, the company's total employee headcount ...