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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…
Tech Mahindra may also lay-off hundreds of employees. Here’s why
"We have a process of weeding out bottom performers every year and this year is no different,…
Lay-offs in IT sector have been blown out of proportion: Infosys HR head
Shankar said employees have to keep re-inventing and deliver high-quality performance rate. …
IT employees’ forum says Tech Mahindra should stop illegal layoffs; company denies claims
The FITE has also called for establishing conciliation between the management and staff. "O…
After Bengaluru, Pune techies have termed layoffs as ‘illegal’
In an emailed statement, Tech Mahindra said: "We continue to implement strategies to meet t…
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…
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…
Here’s how Tech Mahindra is using start-ups to ensure retention of their best IT employees
Business Insider caught up with Jagdish Mitra, Chief Strategy & Marketing Officer, Tech Mahindra, t…
Tech Mahindra is not giving appraisals to its senior employees. Here’s why
"We thought the wage increases would be very bad but we did not expect this. At least there are no …
ET's Jobs Disruption survey finds scary reality of IT layoffs
While the job industry was already marred by lack of private investment, demonetisation further …
Appraisals of Infosys’ senior employees delayed by July; no layoffs on cards
"They have delayed the salary hike. They are also raising the cost of parking in the camp…
Top IT companies are about to tighten their moneybags
The ETIG analysis of data from top IT companies like Cognizant, TCS, Infosys, and Wipro,…
Sensex, Nifty close marginally down in volatile trade
The 30-share BSE Sensex ended 40.14 points or 0.07 per cent lower at 57,613.72 as 19 of its stoc…
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Sensex, Nifty50 rebound amid recovery in global markets: Banking, consumer durables stocks emerge top gainers
India’s equity markets rebounded on Tuesday amid recovery in global markets. Banking, consumer dura…
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…
Sensex falls 450 points, Nifty 50 down 100 on weak global cues, disappointing earnings
Indian stock markets opened lower as expected following its Asian peers. The shares of RIL which fe…
India's blue-chip indices see a dizzying rally this week— these are the top ten gainers and what pumped them up
India's top ten listed companies together added a whopping ₹3.1 lakh crore to market capitalisation…
What is making Ford, Fiat, and Kia put more money in India
With new investment plans of over $250 million (₹1,824 crore), Fiat Chrysler (FCA) joins the likes …
Razorpay CEO explains his ‘surviving to thrive’ strategy — a 3-step process in dealing with the pandemic
We are living in a time for which there is no playbook. How businesses and business leaders react t…