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5 mins read
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…
5 mins read
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…
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…
PTI
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 …
1 min read
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…
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…
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…
6 mins read
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…
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…
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…
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…
1 min read
HCL lays off 350 employees across India, Guatemala and the Philippines
The last day of employment is reportedly September 30 for the laid-off employees, who will rec…
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…
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…
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…
5 mins read
Wipro says IT services revenue could decline 1-3% in Q1FY24, announces buyback
Indian IT major Wipro on Thursday posted a 0.6% sequential decline in constant currency revenues fo…
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…
4 mins read
Hiring at Infosys and Tech Mahindra is down at least 40% in line with the trend in top five IT firms— and it's not just because of COVID-19
Experts opine that the fall in job creation …
2 mins read
HCL announces ‘First Career Programme’ for engineering freshers to bag their first jobs
Indian multinational information technology (IT) services company, HCL, has rolled out ‘First Caree…
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…