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Indian IT employees stare at a mid-life crisis

​​The axe will fall mainly on midlevel employees and those who haven’t picked up relevant skills.

CITU condemns mass retrenchment of IT employees

"All these IT multinational companies have been earning huge profits and there is no reason to retrench employees. The firing operations are being taken up on the pretexts of ‘growth plans', ‘restructuring', ‘role rationalisation' etc, which are nothing but measures to maximise their profits at the cost of employees," CITU said in a statement.

IT companies to shed 5-10% of mid-level workforce: Ex-CFO of Infosys

IT cos have no choice but to lay off some of their mid-level staff to become more agile, said ex-CFO of Infosys.

Infosys lays off mid, senior level executives

The company is letting go of 10% of the workforce, or around 2,200 people.

Cognizant begins to rationalise top deck

The voluntary separation programme could be for 300-400 executives holding the title of a director.

Cognizant may lay off more, delays campus hires

Under new CEO, Cognizant is undergoing a widespread restructuring aimed at boosting growth & lowering costs.

Big hikes for Cognizant brass

The compensation increases have come at a time when the company said it was laying off as many as 200 senior executives.

Cognizant: Mighty growth engine comes to near halt

Two things happened around 2016 that might provide a clue to this collapse.

No mass job cuts, freshers to get 20% more from next year, says Cognizant

Cognizant slashed its revenue growth guidance earlier and said it was looking at cutting jobs to reduce costs.

Cognizant layoffs may not spike this time around

Rumours abound about a spike in the employee see-off numbers this year contrary to the annual one to two per cent, sources said on Saturday.

Reskill to survive: Tech firms retrain staff on war footing

Accenture, Infy, TechM, Cognizant, MphasiS investing to make workforce future-ready.

With firing rises hiring of outplacement companies

Firms are now going big on outplacement and career-transition services for staff who are being let go of.

Cognizant to trim top deck to make room for juniors

Cognizant clarified the number of job losses that were being targeted.“The number of senior job cuts will be under 200,” a Cognizant spokesperson told ET.

Telangana labour department calls Cognizant to discuss layoffs

Cognizant spokesperson said: “Cognizant has not conducted any layoffs. Each year, as is the best practice across our industry, we conduct performance reviews.

Cognizant President Rajeev Mehta writes to employees, assuages layoff concerns

Reports suggest that over 6,000 employees in India have lost jobs even as the company has put in place a voluntary separation programme for mid to senior execs.

After Cognizant, other IT biggies like Wipro and Infosys also prepare for layoffs

Those taking the hit first are mid- and senior-level professionals. But lower level employees, too, will be hurt later in the year due to sluggish growth.

FITE planning group petition with Tamil Nadu labour department on alleged lay-off by Cognizant

Tamil Nadu's labour laws provide for aggrieved employees to approach the Conciliation wing of the state labour department to settle disputes with employers.

Sad over recent IT layoffs, says Narayana Murthy

Infosys had announced that it could hand out pink slips to hundreds of mid and senior-level employees as it carries out bi-annual performance review.

Layoffs in IT companies: Is it time for trade unions to come into play?

Those in support of laid-off workers say the firing policies based on performance reviews are often discriminatory.

It’s the turn of Pune techies to complain of ‘illegal’ layoffs

Former employees of IT firms including Cognizant, Tech Mahindra and Wipro in Pune on Thursday filed separate petitions with the Maharashtra Commissioner of Labour against their former employers saying that their services have been terminated illegally.

AIITEA mulls IT Employees United Front to address layoffs

"We are planning to organise a united front of IT employees associations to hold talks with Karnataka govt to resolve the issue," an AIITEA official said..

Layoff season: IT staff head to school to stay in the reckoning

“The growing realisation among Indian workforce that reskilling is the only way to stay competitive led to a 37% increase in registrations during the February-April period compared to last year," said Raghav Gupta, India country director, Coursera.

Layoff number exaggerated, IT industry is a net hirer of people: Nasscom

There is a gentle deceleration in net new hiring growth rate and the emphasis is shifting from scale to skills, said Nasscom.

Cognizant pushes back salary hikes, promotions for staff by 3 months

In an email sent to employees from Jim Lennox, CTS's chief people officer, said revisions and promotions will be effective from October 1.

IT layoff numbers are exaggerated, says top TCS executive Ravi Viswanathan

Defending the industry as a whole, Viswanathan said that early estimates from Nasscom indicate that the IT industry will be net hirers as the year ends.

Cognizant to reopen dialogue with 8 employees who claim they were forced to resign

The development on Friday is a hard-earned relief for the eight employees fearing the axe amid reports of higher-than-expected non-performer exits from the IT firm.

No mass layoffs by Indian IT companies, workforce realignment happens every year: Nasscom

"Such reports are incorrect. In fact the industry continues to be a net hirer with over 1.5 lakh people being employed on a net basis each year," Nasscom said.

Employee separation offer first time in India and US: Cognizant

The programme gives participants a chance to explore other opportunities while making way for the next generation of leaders to step up.

Cognizant relieving 6,000 Indians to hire in US? Techies up in arms

A bunch from the workforce in Chennai is preparing for conciliation proceedings with the state labour department in what they claim is a fight against retrenchment.

Layoffs scare is real, not exaggerated, finds ET's Jobs Disruption survey

The stark takeaway from ET's Jobs Disruption survey of nearly 11,000 employees is that the fear of job losses is not overblown but a near-term reality.

Infosys, TCS other IT stocks tank on Cognizant buzz, rupee rise

Domestic IT giants are bracing for tougher rules for H-B1 visas in the US and disruptions due to new technologies

Cognizant seeks 2 weeks time from Telangana govt over employees' 'resignations'

The Forum for IT Employees had filed a petition on "layoffs" by the IT giant, alleging that Cognizant was illegally terminating thousands of employees.

We are confident that what we are doing is good for the US economy: Francisco D'Souza, Cognizant

"As digital becomes more prevalent we are looking for skills like design talent and data science and we will hire those folks in other parts of the world, the US included."

Is Bengaluru being Bangalored? Layoffs, job loss fears leave techies reeling under uncertainty

Multiple factors — prospect of a stricter US visa regime and the automation of certain jobs in the sector — have led to the latest retrenchment cycle.

Are you a senior-level employee in an IT firm? There's bad news for you

Large IT services companies are all in the process of laying off employees on a scale not seen since the 2008-10 downturn.

11 Tech Mahindra employees move labour court

Last month, Mahindra Group Chairman Anand Mahindra had tendered apology over the manner in which an employee of Tech Mahindra was asked to quit.

Why being a techie in India is no longer cool

Working with a technology company in India today is fraught with risks. Indian IT is facing several challenges which has taken the sheen off the sector.

Job cuts at Indian outsourcing firms aren't Donald Trump's fault. Read why

Global corporations, the paymasters of Indian software vendors, are no longer so keen to ante up for application development and maintenance.

Now jobs losses at IBM India, 5,000 employees under fire

IBM did not confirm the number of employees who will be affected but said that "re-skilling and rebalancing is an ongoing process as we accelerate the benefits of cloud technologies for clients."

Nearly 1,000 senior, mid-level Infosys employees may be asked to leave

Large IT services firms, according to reports, are in the process of laying off employees on a scale not seen since the 2008-10 downturn.

Retrenchments common in IT industry: Telangana minister K T Rama Rao

A few employees of Cognizant recently approached the state Labour Department alleging that the IT company was forcibly taking resignations from employees citing poor performance.

Can Cognizant write its success story with a robotic automation drive?

Francisco D’Souza said by implementing IPA technologies, Cognizant is driving savings and transforming core processes to help companies become digital enterprises.

IBM India staff still battle tech blues fearing more layoffs

From around 1.65 lakh employees on its payroll in 2011, IBM's India headcount is expected to slide to one lakh by March this year.

Donald Trump blamed for job losses as India tech workers face cuts

Cognizant, Infosys, Wipro won’t disclose how many jobs they cut, but it appears the industry is going through one of the largest retrenchments in its history.

Infosys chief Vishal Sikka calls on FM Arun Jaitley

Over the past few months, Indian IT companies are confronted with closer scrutiny and tighter visa norms in the US, a market that accounts for nearly 60 per cent of India's IT exports.

Reports of job losses overstated, to hire 20,000 this year: Infosys

"Layoffs are regular, performance-based things that we do every year. The number is really 300-400," Infosys COO UB Pravin Rao said.

If you are techie with 5-15 years experience & based in a small city, this should worry you

According to executive search firm Head Hunters India, job cuts in IT sector will be between 1.75 lakh and 2 lakh annually for next three years.

Indian techies take to social media to vent their ire

The job cuts are also affecting mid-to-senior employees who are at the centre of the reskilling and restructuring conversations happening across the sector

IT companies tighten costs, hire less experienced staff

To retain margins, IT cos are increasing proportion of fixed cost projects in revenue, tightening costs and recruiting more freshers, less experienced staff.

Now Tech Mahindra looks to lay off hundreds on 'performance' ground

The company did not specify the number of employees that could be asked to leave. Industry sources suggest that the number would run into hundreds.

Signs that you are likely to lose your job and how to prevent it

Here’s how to find out if you are close to being laid off and the steps you can take in order to prevent it.

Not correct to assume IT industry going for big job cuts: Government

"Some of the companies which have been named (as undertaking job cuts) have clarified that there is nothing big this year," she said on the sidelines of Broadband India Forum event.

IT employees get nod to set up trade union in Karnataka

The nod to set up India's first dedicated IT employee union is a significant moment, the first big breakthrough for techies grappling with prospects of job loss.

Job losses in tech sectors may reduce home sales in IT hubs

However, experts said the situation definitely does not warrant such panic, especially at a time when residential market is seeing the green shoots of a recovery.

Bleak future ahead for sacked IT employees: Experts

Since the situation may get more acute, professionals may be forced to switch industries and look for jobs in emerging sectors such as fintech or ecommerce.

A union for techies is slowly taking shape in Tamil Nadu

Tamil Nadu, home to an estimated four lakh IT professionals, is witnessing increasing job losses typically among middle-level managers.

Infosys defers salary hikes till July; no job cuts planned

For employees ranked JL5 (job level 5) and below — typically those with less than eight years of experience — the compensation review will be effective from July.

​Why job prospects in IT outsourcing will only get worse in the coming years before they get better

With opportunities shrinking and markets transforming, a fifth of 40 lakh Indian software engineers are likely to lose their jobs by 2020.

How Kunal Bahl sold the idea of Snapdeal 2.0 and what's in store

Snapdeal 2.0 will see more layoffs, with some estimating the number to be over 1,000, decimating, a firm that at one point had a staff count of almost 10,000.

If your job is 90% coding, then you have something to worry about

The effect of automation and artificial intelligence still is not clear, and they could open up new areas that simply shift tech work rather than eliminate it.

Sacked IT employees approaching unions for support

Retrenched employees claim their former employers pressured them to hand in resignations instead of firing them, thereby saving on the expense of severance pay.

Satyamites fear of layoffs as Tech Mahindra takes over

As customers seek to lower IT spend, many Satyam employees fear that Tech Mahindra could look at rightsizing the company.

Capgemini to complete iGate merger by June, rules out job cuts

"By June it should be over," Capgemini India Chief Executive Srinivas Kandula told PTI today on the sidelines of the Nasscom summit here.

Top stocks in focus on Monday, 20 March 2017

Even if the market turns rangebound for in a broader consolidation move, expect plenty of stock-specific action in a market that looks flush with foreign portfolio money.

Cognizant bucks trend, to hand out good bonus

The IT major, which has most of its facilities in Chennai and Bangalore, is paying employees the full variable pay component this year. Cities that are IT hubs | Nine trends for IT

How to ensure a stable career and be free from job worries

The need to secure and sustain a good job is critical. Find out how to ensure a stable career and free yourself from job concerns.

Bulk hiring by IT companies at tier-2 & 3 engineering colleges and B-schools may get hit hard

Placement heads across colleges said they are keenly tracking developments on layoffs, visa issues, etc, and ensuring students are kept in the loop.

Threat of job loss: IT executives re-skill themselves in newer technologies

Nasscom says the software industry, which employs over 3 million professionals, will see a 17% decline in annual hiring.

Credit Suisse plans to cut down outsourcing to Wipro

Swiss bank Credit Suisse, which announced global layoffs of 5,300 last week, is significantly reducing work to Wipro.

Credit woes: IT cos may cut 25K jobs

The banking, financial services and insurance (BFSI) segment is the largest outsourcing vertical for Indian technology players.

Sub-prime heat hits India; IndyMac cuts jobs

IndyMac’s move could impact about 400-450 people at Cognizant Technology Solutions, ExlService Holdings and WNS. IP add in cyber crime I Firing employees?

Job market is still working for consumers

Consumption is critically dependent on employment, and the job market news is not bad. But employers, like everyone else, want strong policy signals.

Indian IT companies like MindTree, Infosys, Wipro deny hiring freeze because of US market worries, analysts keep fingers crossed

Recruitment agencies and experts tracking IT sector warned that these companies are already going slow on hiring experienced professionals.

Chrysler says it can meet job-cutting goals

Chrysler LLC Chairman and Executive Bob Nardelli said the automaker should be able to meet its job-cutting goals without antagonizing the United Auto Workers.

IT cos ask recruitment agencies to stop hiring

Banking, financial services and insurance (BFSI) segment is the largest outsourcing vertical for tech cos in the country. Work before MBA? | Facts on foreign study loans

Wipro promotes, hikes salaries on a selective basis

Wipro, India's third largest software exporter, has lifted freeze on promotions & hikes on a selective basis. Satyam restores variable pay of 28,000 employees

Wipro offers pay hikes, promotions

In what could be the first signs of a turnaround in the IT sector, Wipro, India’s third-largest software exporter by sales, has lifted the freeze on promotions and hikes on a selective basis.

Talent-hit IT companies open doors to ex-employees

Companies are rolling out red carpet for people who had quit or even those who were laid off. There are even no interview processes for returnee candidates.

Kris era set to mark a turning point for Infosys

When S Gopalakrishnan took charge, Infosys was in top gear till things stalled with the global recession. Infosys, TCS, Wipro on soft growth mode for now

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