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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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 …

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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 …

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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 …

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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…

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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…

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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,…