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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…
4 mins read
Cognizant braces for slow year ahead, to cut 3,500 jobs and slash office spaces
The trend of weak quarterly numbers continued for IT services companies and the latest one to disap…
4 mins read
Gap between IT sector’s leaders and laggards to widen further in FY24, says Kotak Institutional Equities
The gap between the leaders and laggards in the Indian IT sector is expected to widen further in FY…
4 mins read
IT biggies post 14-20% topline growth in Q3 as caution, optimism marks mixed earnings' commentary
The industry leaders said they are keeping a close watch on the global economy and cues. O…
PTI
2 mins read
Google, Microsoft backed VerSe Innovation sacks 150 employees, cuts pay for employees earning ₹10 lakh or more
VerSe Innovation, the parent company of short video platform Josh and news aggregator Dailyhunt, ha…
3 mins read
Azim Premji and Shiv Nadar lose $20 billion of their personal wealth – thanks to the Great Indian IT meltdown
Fears of a global economic slowdown – worse yet, a recession – have caused a meltdown in IT compani…
2 mins read
Facebook-backed Meesho lays off 150 employees in restructuring of grocery business
Facebook-backed ecommerce company Meesho has laid off 150 employees from its grocery business, whic…
1 min read
IT professionals seeking legal options as speculations over Cognizant firing 6,000 employees in India gather steam
As per several reports, Cognizant may also increase involuntary exits from its workforce duri…
1 min read
Top TCS executive feels layoffs aren’t that rampant in IT yet
"Somebody has to take a closer look at the numbers. Most companies have said there are no layo…
3 mins read
Infosys, TCS and Wipro are the top newsmakers of 2020 in the IT sector, says report
The report talks about emerging trends within the ITeS space such as adoption of work from h…
2 mins read
India sees second wave of layoffs and pay cuts as companies grapple with COVID-19 pandemic
From hospitality, fitness to the aviation industry, the jobs scenario looks bleak and the situation…
3 mins read
Cognizant is reportedly planning to sack 400 in senior management — severance pay reduced to three months
This includes directors, vice presidents, senior directors, associate vice president and other m…
2 mins read
Infosys has a new 'no regret' policy when it comes to employees
Infosys, in its latest earnings call, said that it has temporarily froze hiring, promotions and app…
2 mins read
Deadlines for tax returns deferred— and other tax reliefs announced by Nirmala Sitharaman
As people face layoffs and drastic change in working environments amid the coronavirus lockdown in …
2 mins read
Cognizant may layoff hundreds of employees sitting on the bench
The IT major is also trying to boost its revenue by making other changes like tightening travel …
2 mins read
Layoffs hits the confidence of Indian workforce — people are scared of losing jobs and their savings
It seems like the whole world is working from home. But in spite of the lockdown only 55% of people…
1 min read
TCS Breaks Its Silence, Says No Plan For Large-scale Layoffs
The Mumbai-headquartered firm has termed these exits as ‘involuntary attrition.’ It stated that in …
2 mins read
Cognizant's first acquisition under new CEO Brian Humphries is an Irish company that helps in manufacturing of drugs and medical devices
Cognizant has announced its first acquisition under the leadership of the new Chief Executive Offic…
1 min read
Top IT companies are about to tighten their moneybags
The ETIG analysis of data from top IT companies like Cognizant, TCS, Infosys, and Wipro,…