IT services will continue to be significant part of India's job environment: TCS CEO
He also emphasised on the need for experienced IT professionals to embrace automation and other new technologies to remain competitive even as youngsters, who could be native to these new tools, enter the workforce.
Covid effect: Tatas plan layoffs to cut fixed costs
The pandemic had led to a suspension of the conglomerate’s several businesses including aerospace, automotive and aviation depressing its earnings in key markets across the world. The conglomerate has already made moves to cut contract workers engaged in manufacturing and other functions at its various facilities.
Amid paycuts and layoffs, some companies chose to shield staff during the Covid storm
Tata Consultancy Services (TCS), Wipro, and Infosys have deferred hikes. Reliance and Oyo have cut pays.
The human dimension of India’s IT woes
Many of those laid off were mid- or upper-level techies, with low lateral skills for other industries.
TCS says it can weather slowdown without any layoffs
Though Indian IT is predicting strong growth this year, a slump in US & Brexit may upset plans.
Indian IT staff on short-term roles in UK face hardships as projects dry up
Many from India's IT majors who had travelled to client locations on business and work visas, got stranded.
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.
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.
Volkswagen whistleblower says he erred in trusting GM, not circulating his CV after 2018 layoffs
Hemanth Kappanna's research exposed Volkswagen’s decade long conspiracy to lie about its diesel cars’ emissions.
TCS employees get 100% variable pay
The country’s largest software exporter has declared 100% of the target variable pay to all employees on its India payroll for the quarter ended December 2017.
This is the time for a lot of optimism in IT job front: TCS
“TCS is on 26%-28% margin trajectory in several areas”
Lay-offs, H-1B visa rules spook techies
The H-1B visa is a non-immigrant visa that allows US- based companies to employ foreign workers, typically for three to six years, in various sectors that require theoretical or technical expertise.
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.
TCS AGM: N Chandrasekaran thanks Cyrus Mistry on shareholder nudge, denies layoffs
Chandrasekaran, who climbed to the top at TCS before becoming Tata Sons chairman earlier this year, also denied any impact of protectionist policies.
No downsizing, to hire more: TCS chief Rajesh Gopinathan
"We are here to create jobs, not to downsize," he asserted after TCS launched a BPO centre here to create new opportunities as part of the government's Digital India push.
Infosys surprises its staff with 95% variable pay, highest in past 9 quarters
Infosys in its results said it had managed to keep its attrition rate low in December quarter, thanks to salary hikes and higher variables.
TCS layoffs: Nasscom takes stock
Though Nasscom cannot initiate a formal enquiry, sources ET NOW spoke to say the software lobby is in touch with TCS over the issue.
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.
Automation will lead to more on-demand hiring: TCS
This year, the company had already given out job offers to 20,000 on-campus candidates which had been the same as in the previous year. Off-campus hiring had been 4,000, the official said.
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.
Techies, save your jobs like this: A win-win formula at Infosys
It is upskilling employees which will help it cut attrition and acquire future-ready workforce.
Majority of senior Infosys executives still await hike
There’s wariness among some of those who have not received increments, considering the Indian IT industry is witnessing layoffs.
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.
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.
Why IT firms could soon be forced to let the senior techie go
Emerging technology poses a big threat to jobs and companies. It can force companies to rationalise workforce and even finish certain jobs.
Not firing employees in Lucknow: TCS
TCS said that it is working to ensure that employees get opportunities in Noida and other centres across India as part of its UP consolidation.
Cognizant: Mighty growth engine comes to near halt
Two things happened around 2016 that might provide a clue to this collapse.
TCS blames ‘Q3 softness’ for tepid revenue growth
"We do it every year. Involuntary attrition at TCS has been about 1 per cent every year in that range and this year, it is no different," Chandrasekaran said.
TCS Finland to lay-off up to 290 employees
TCS, which has a registered office in Helsinki is in negotiations with the employee representatives over the move to cut jobs.
Ten takeways from TCS'Q3 results
Tata Consultancy Services reported flat revenue growth sequentially in the third quarter, the company’s worst performance in at least four years.
New US H-1B norms won't make much difference, says Nasscom
The new policy envisages a detailed documentation of a legitimate employer-employee relationship while the latter is working at a third-party worksite.
After $32 billion rally, TCS CEO Rajesh Gopinathan sees path to even faster growth
The chief executive officer of Tata Consultancy Services Ltd. argues the industry’s opportunities today are bigger than they’ve ever been.
Global woes hit Sensex, cracks over 800 points; top ten stocks in focus
The Nifty was at 8114.55 down 263.85 points. It touched a high of 8327.85 and a low of 8114.55 in trade today.
TCS’ Mr Dependable Ravi Viswanathan is new marketing chief
Viswanathan will be based in Chennai, and his earlier role - managing emerging geographies - has been given to HR head Ajoyendra Mukherjee.
Market Now: IT stocks in green; Infy, TCS, TechM surge
In the Nifty50 pack, 30 stocks were trading in green, while 20 stocks were in red.
TCS to stick to hiring target of 35,000 from campuses for FY16: CEO N Chandrasekaran
In October, the Tata Group company had announced that it will hire 35,000 freshers from tech schools in FY16, up from the 25,000 hirings done in FY15.
Combined capabilities of TriZetto & Cognizant can let us cash in on big opportunities: Rajeev Mehta, CEO of IT services, Cognizant
"We have to retrain and reskill our staff and I think you saw a conscious effort on that over the last couple of quarters….we still have some work to do."
Kin of TCS employee who died on duty want details of medical care, emergency protocol on campus
Raj was on a conference call Monday evening with US-based technologists when he collapsed. He was taken to The Chettinad Health City in Kelambakkam by a colleague.
Re-skilling, not layoffs, will address new challenges: Infosys
"If technology changes and people don't have those capabilities, you've to re-skill them and re-orient them," Infosys's Pravin Rao said.
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
Reports of depression among IT professionals exaggerated: Mohandas Pai
Former Chief Financial Officer of Infosys, TV Mohandas Pai said such "exaggerated" reports are based on a few events and there are attempts to blow them up.
IT industry's plan of creating more jobs not rooted in reality: Head Hunters India
The Indian IT industry, according Head Hunters, is likely grow 8-9 per cent in FY2017 and could grow at the same pace or accelerate in FY2018.
IT workers fora flay steep hike in top executives compensation
According to the 2017 annual report of Infosys, payouts of at least four Infosys executives have increased by over 50 per cent in the previous fiscal year.
Zero-distance programme: Infosys incentivises more than 500 project managers
The zero-distance programme was one of CEO Vishal Sikka’s first major implementations at the company. It asks employees to create innovative solutions in each project.
Employees at TCS Finland offices stage protest over job cuts
Employees at the Finland offices of India's largest software services exporter TCS staged a walkout today protesting against job cuts.
TCS, HCL Tech, Infosys under pressure on US immigration bill, job cuts
IT companies have been under pressure as it grapples with both tailwinds in terms of currency; and headwinds in terms of US Immigration bill.
State governments hire laid-off IT talent to head projects
Priyank Kharge said that even though Karnataka has not done such hiring, but has been constantly looking out to skill and reskill these employees through its centres of excellence.
As a wave of disruption hits India, most domestic companies are running for cover
Most Indian firms stick to a business model and execute it repeatedly, although shoddily. Worse, they pay only lip service to corporate entrepreneurship.
Team Trump accuses Hillary Clinton of ties with TCS, HCL who 'stole' US jobs
A report says the two companies gave money to Clinton either via donations to the Clinton Foundation or paying Bill Clinton to deliver speeches.
This year our hiring onsite is going to be higher compared to what we have been doing: Ajoyendra Mukherjee, Head- Global HR
"We are training people internally and we had given more trainees offers the prior years. The trainee offers that we had given last year was about 40000 plus."
What do Q1 nos say about IT jobs outlook? Not as bad as you thought
TCS’ total headcount fell to 385,809 in Q1, while that of Infosys declined to 198,553.
Want to focus on newer metric that will make sense in 3-5 years: Pravin Rao, Infosys
Onsite employee cost as a percentage of revenue came down to 38.5% against 39.3% in same period last year
Visa woes, wage hike begin to hurt Indian IT giants; tepid Q1 on cards
IT firms are hoping that digital deals will offset decline in traditional services. But any pushback in deals will weaken growth momentum, experts said.
Indian IT will see challenge on margin front: Madhu Babu
TCS is a best performing company, last they did 8.5 per cent in constant currency terms.
IT industry’s current problem is nothing compared to 2001: Narayana Murthy
A stable corporation is one where every employee is happy, says Narayana Murthy
India is too big a market for Apple to ignore: Union minister Ravi Shankar Prasad
"We are in dialogue with Apple and once the nature of exchange is formalised, we shall come up with a structured response," Prasad told ET in an interview.
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.
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.
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.
TCS bullish, but high attrition, weak top line growth a worry
Closer look at the trend in the top line growth, attrition rates, and attrition as a percentage of the total workforce over the past seven years.
2,574 employees asked to leave in Apr-Dec 2014, says TCS
While terming these exits as "involuntary attrition", TCS claimed it does not plan to initiate any large scale layoffs of any section of its staff in any part of the organisation.
TCS job cuts spur legal threats, unionization calls
TCS has reiterated over the last two weeks that there is nothing out of the ordinary in these job cuts & hiring target of 55,000 for FY15 remains on track.
TCS prepares for restructuring; may ask non-performers to leave
Although details of this remain sketchy, the Mumbai-based software exporter calls it a regular exercise undertaken by the company.
US government goes tough on Indian IT outsourcing; deals with Disney, Fossil under lens
The latest contract to be scrutinised is one with Walt Disney, which recently signed a deal with US-based Cognizant Technology Solutions.
Are you in danger of getting the pink slip? Find out if your job is safe
India Inc has become more conscious of the bottom line. Companies are ruthlessly shedding flab in the quest for higher profitability.
TCS Finland to sack 172 employees by August
TCS is planning to sack 172 employees at its Finland offices by August as part of the process to streamline its operations.
TCS may soon be world's second biggest tech employer
Besides the Indian army, govt departments like the Indian Railways and India Post, and PSU cos like CIL, there's perhaps no other co that has more employees.
Takeaways from Infosys' analyst meet: Q2 nos, Brexit, exits and more
The company said it would give a clearer picture on the company’s prospects in its next meet in October. The September quarter will be better than Q1, it said.
Wipro Q2 earnings: Five things to watch out for
Infosys, TCS and HCL Technologies have delivered on their guidance when they declared second quarter numbers.
US opens probe against TCS, Infosys for H1-B visa violations
The move comes days after report that hundreds of employees at entertainment giant Walt Disney were laid off and replaced with Indians holding H1-B visas.
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.
Major US media outlet outsourcing IT jobs to India: Report
Chicago-based Tribune Publishing Company said it has informed its IT employees last month that it is moving work to India-based IT company Tata Consultancy Services (TCS).
TCS eyes $5 billion from digital vertical; hires over 1500 this fiscal
The hiring includes data scientists and professionals in domains like design visualisation, user experience and the 'Internet of Things'.
TCS eyes $5 billion from digital vertical; hires over 1500 this fiscal
The hiring includes data scientists and professionals in domains like design visualisation, user experience and the 'Internet of Things'.
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.
HCL Technologies to replace employees doing simple software testing with domain experienced staff
“People acquiring new skills in new technology areas are the future. So, there will be flattening of the pyramid,” he told ET in an interview last month.
Wipro CEO TK Kurien poaches star performers from rivals to replace middle, senior level executives
TK Kurien is poaching star performers from rival firms as he approaches the final stages of a mass cull of middle and senior management staff.
TCS to focus on offshoring, to move staff back to India
As part of cost-cutting measures, outsourcing firm Tata Consultancy Services said that it will relocate staff abroad into India.
TCS likely to lay off 1,300 staffers
TCS is likely to lay off less than a percent of its global workforce over the next few months.
TCS starts laying off under-performing employees
Lay-offs have already started happening at TCS' development centres in Chennai, where over 200 employees have been asked to leave.
TCS official says rupee volatility is an issue
The volatility of the rupee is a matter of concern though the recent Rupee depreciation vis-a-vis the US dollar would benefit Tata Consultancy Services (TCS), its Chief Financial Officer, S Mahalingam, said.
Rupee volatility is a matter of concern: TCS
Re has exhibited weakness against the dollar over the last few days and closed at a low of 51.97. Where Re comes from, and goes | Forex Converter | Remittances
TCS asks several employees in UK office to leave
TCS serves customers such as British Airways & BT in UK. The firm has around 4,800 staff working at almost 65 sites in UK and Ireland. Nine trends for IT in 2009
US, Europe woes may take toll on banking, financial services and insurance-focussed Indian IT Companies
Infosys & other outsourcing providers indicating a near-term blip on imminent drop in business volumes, say analysts.
TCS, Infosys & Wipro lead recruitment drive; mid-level companies too not far behind
Indian software companies are stepping up hiring in the United States –– both from colleges and experienced professionals.
Infosys, TCS, Wipro, iGate, UST Global devise new ways to keep benched staff occupied
IT cos are now walking the extra mile to keep 'benched staff' engaged, even as they seek to balance P&L pressures and talent management compulsions.
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.
TCS likely to take a call on promotions for current fiscal
Tata Consultancy Services (TCS), which faces uncertainty from auto clients such as Chrysler and General Motors, will undertake a review at the end of the first quarter to decide whether to offer any promotions in the current financial year.
Its official: TCS sends staffers mail on deferred promotion, cost cutting
Some of the steps include re-training experienced professionals, offshore movement of people located onsite and deferment of promotions. Top Indian outsourcing cos
India Inc may give a mere 10 per cent salary increment in the new financial year
Employees across industries are preparing to receive an average salary increment of 10% in the new financial year, as companies battle falling demand and a weak global economy.
Hikes, hirings and a visa workaround: Three cheers for Infosys amid Covid gloom
Plans are also afoot to start massive recruitments in many parts of the world including in India soon, said Infosys CEO Salil Parekh.
Clarity on Voda-Idea, Bharti to emerge only in August now: Chakri Lokapriya
If the AGR revenue definition is not narrowe and payment period not extended beyond 10 years, it is very dangerous for the banking sector, the economy, for India’s digital push as well as the companies themselves.
Indian tourism industry seeks immediate 'survival measures': FAITH
To address the issue of cash outflows, FAITH has recommended "a complete deferment for twelve months of all statutory dues payable by tourism, travel and hospitality industry at the central government, states and municipal governments level without attracting any penal interest".
Infosys could be a multi-bagger for next 10 years: Rajat Sharma
Global Indian giants would come from the IT pack because we do IT the best globally
Coronavirus impact may render 3.8 crore people jobless in tourism, hospitality sector
The Federation of Associations in Indian Tourism & Hospitality (FAITH) also said there should be a support fund for twelve months to support basic salaries with "direct transfer" to the affected tourism employees. "As a result of this pandemic, Indian tourism industry is looking at pan India bankruptcies, closure of businesses and mass unemployment," FAITH said in a letter to PM Modi.
COVID-19: Hospitality industry seeks PM's help
The Federation of Associations in Indian Tourism and Hospitality (FAITH) has written to prime minister Narendra Modi stating the tourism industry is in dire straits because of the COVID-19 pandemic and is staring at mass unemployment and bankruptcies.
Quess who’s India’s largest private employer?
Its staff function as outsourced service providers for its over 2,000 Indian clients, including many biggies.
Things that were lost amid India's fast-paced workplace makeover
The pandemic has made the virtual real overnight. Utility quotient has outpaced novelty factor.
What changed for D-Street while you were sleeping
CPI inflation stood at forty months high of 5.54 per cent in November, up by 92 bps from October. Increase in CPI was mainly led by lower base of food inflation and uptick in prices of vegetables and pulses.
