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Hiring in the IT sector plunges by 66% in FY23

Indian IT companies have significantly slowed down the pace of hiring in FY23 as concerns of an eco…

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2 mins read

HCL Tech cuts FY24 revenue growth guidance to 5-6%

IT company HCL Technologies on Thursday posted a 9.9 per cent increase in consolidated net profit t…

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Hiring by IT cos down 96% in Q3 compared to preceding 7 quarters even as attrition cools

Collectively India’s top four IT companies TCS, Infosys, HCL Tech and Wipro saw a net addition of j…

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6 mins read

Earnings preview: Q2 to be another washout quarter for IT sector, market to focus on execution

Little has changed for the Indian IT sector in the last three months. The second quarter earnings a…

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4 mins read

IT majors cut down hiring by half despite high attrition

Three out of four major Indian IT companies have announced their Q2 FY23 results. While the demand …

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6 mins read

HCL Tech projects its revenue to grow between 6-8% in FY24

Indicating that the Indian IT sector might be entering the slow lane, HCL Tech said on Thursday tha…

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HCLTech to hire 1,000 people in Brazil, open next-gen tech centre

Tech firm HCLTech on Wednesday announced plans to hire 1,000 people in Brazil in the next two years…

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HCL Tech lowers revenue guidance for FY23 to 13.5-14%, Q3 revenue and profit growth beat expectations

Indian IT services company HCL Tech lowered its revenue growth guidance for FY23 to 13.5-14% in con…

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4 mins read

Amid risks of a slowdown, these IT companies are best placed to survive the storm

Slowdown concerns and cost-reduction mandates of clients figured in the commentary of Indian IT com…

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2 mins read

HCL Tech to hire ‘significantly’ and bring back wage hikes over the next three months — 9,000 new freshers likely to be onboarded by March

HCL Technologies is set to bring back wage hikes for its employees starting October and plans to hi…

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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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3 mins read

TCS, Infosys, HCL Tech, and others to see more freshers than lateral hires in the next six months

“A large amount of lateral hiring happens because of attrition replacement. If I’m losing 20 peo…

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4 mins read

The street is dumping HCL Tech shares because its employees are leaving at a faster rate than ever before

However, the stock slipped nearly 7% when the market opened for trade on Monday (Jan 17). So…

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3 mins read

TCS, Infosys, HCL Tech and Wipro open up lateral hiring as more people walk out the door during the COVID-19 pandemic

Every major Indian IT tech company decided to go slow on hiring or suspended hiring altogether at e…

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5 mins read

Infosys to lead the pack this earnings season while margin pressure will continue for two quarters

Margins are likely to be impacted on account of wage hikes, high retention costs, increased travel …

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6 mins read

IT bellwethers slash headcount in FY24 but Indian techies find a home with GCCs

Headcount in the top IT services firms in India is down by 75,000 in the last one year. However, ex…

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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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3 mins read

These are some of the open positions at HCL Tech, Infosys, Wipro and other top tech giants in India

The uncertainty of the coronavirus pandemic has hit businesses and halted hiring processes. However…

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3 mins read

US-based peer Accenture’s uptick in FY22 outlook gives hopes to IT firms in India; Infosys, Wipro, TCS gain

While the market momentum is weak on Friday, information technology (IT) company stocks are the out…