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Salesforce lays off over 7,000 workers as it hired 'too many people' in pandemic

Enterprise software company Salesforce has announced to lay off 10 per cent of its workforce, impac…

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Zoho, LeadSquared and other startups continue to hire amid industry layoffs

The prospects of a long funding winter has pushed several Indian startups to fire a significant chu…

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Infosys reportedly plans to reduce the number of managers— the CEO and COO got over 25% salary raise in FY20

Infosys is undergoing a major structural rejig across the senior management — which accounts for ne…

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3 mins read

Layoffs coming to the Indian IT sector? Analysts say Accenture’s jobs cuts offers a ‘blueprint’

In spite of the many startups laying off employees since last year, the Indian IT sector has so far…

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4 mins read

Cognizant braces for slow year ahead, to cut 3,500 jobs and slash office spaces

$NIFTYIT.NSE Cmp- 27836Nifty IT index made Dragonfly doji on weekly chart, RSI divergence on chart,…

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Margin recovery likely an uphill task for Infosys after Q1 shock

India’s second largest IT services company Infosys reported a sequential decline in its net profit …

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3 mins read

After Wipro, Infosys showing exit doors to freshers in Bengaluru say sources

After corporate giant Wipro showed the exit door to hundreds of freshers who failed to pass the tes…

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TCS is India's most valuable brand worth $45.5 billion: Kantar

India’s top 75 brands are worth $393 billion - that’s 11% of India’s GDP

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Profit margins of IT companies must be under pressure for January-March quarter due to record hiring and salary hikes

The March quarter earnings season will begin next week with the results of major information techno…

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1 min read

Lay-offs in IT sector have been blown out of proportion: Infosys HR head

Shankar said employees have to keep re-inventing and deliver high-quality performance rate. …

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Tech Mahindra may also lay-off hundreds of employees. Here’s why

"We have a process of weeding out bottom performers every year and this year is no different,…

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6 mins read

Whether it's half a million or three million — 'low skilled' IT jobs in India are definitely at risk

Tata Consultancy Services (TCS), Infosys, HCL Tech, Wipro and others could wipe out 3 million 'low …

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3 mins read

Infosys’ revenue, profit and margin in the red as Coronavirus sweeps over the global economy

Indian IT services major Infosys saw a dip in its revenue growth by 0.8% in constant currency terms…

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US wants to scrap temporary business visas for H-1B speciality occupations

The US State Department in a federal notification Wednesday proposed to make changes to its existin…

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EXCLUSIVE: Infosys co-founder Kris Gopalakrishnan says Brain Research will be the next big thing

Back in 2014 when he was ready to set out on his own journey, he identified one area which definite…

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Possible to protect job losses, says Infosys co-founder NR Narayana Murthy

"We have gone through these troughs in business several times, there is no need for us to become ex…

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IBM rubbishes reports of firing 5000 employees; says “re-skilling”, “re-balancing” workforce

IBM said it was continuing to re-skill and re-balance its employee workforce. "This is fa…

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2 mins read

Worsening situation? Infosys, Wipro to cut jobs; middle-level employees to be worst hit

As per reports, Infosys may ask around 1,000 employees in job level 6, which comprises grou…

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4 mins read

Sensex, Nifty50 edge lower in morning trade amidst a decline in IT, FMCG stocks

India’s equity markets are likely to open on a tepid note on Wednesday amid mixed cues in global ma…

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Jio Financial Services demerger and listing a ‘key moment’ for Reliance stock

Reliance Industries' (RIL) Jio Financial Services (JFS) demerger, expected to take place in Septemb…