Attrition Rate

Attrition rate at private sector banks has eased to 29 percent in FY24 from 36 percent in FY23

High attrition: RBI not to get into banks' micromanagement, says Governor Das

Last month, Das had said the central bank was watching the issue of attrition in banks "closely".

Higher employee costs of Mumbai is better than high attrition rate of Bengaluru: Startup founders

According to UpGrad MD Mayank Kumar, paying 5-10% higher costs in Mumbai than in cities like Gurugram is still justified by the quality talent and lower attrition rates found in the financial capital.

Cognizant to cut down 3,500 jobs amid fears of a slump in revenue this year

Cognizant will also give up 11 million sq feet in office space, or 80,000 seats, in large cities in India to help cut costs and boost margins, which are trending in the 15 percent range

Wipro’s headcount declines for the second quarter, down by 1,823 employees

With the headcount decline in Q4FY23, the company’s net addition for FY23 stands at 13,793, down from FY22’s net addition of 45,416.

HCL Tech adds 2,089 employees in Q1; attrition rate rises to 23.8%

The company has been outsourcing employees from its new frontier locations including Sri Lanka, Vietnam, Romania, Mexico, Costa Rica, and Brazil.

Hiring in non-IT sector shows rebound, Hitesh Oberoi sees no impact of slowdown in US

Managing Director & CEO of Info Edge speaks on the company's outlook, the impact of slowing hiring momentum and growth in the non-IT sector.

COVID-19 update | Over 18k people administered 'precaution' dose in Delhi on January 17

As many as 6,439 people aged above 60 and 9,252 frontline workers were also administered the third dose in the city, data on the CoWIN app showed.

TCS, Wipro, Infosys added record 1.7 lakh employees in 2021

This number was 31,000 in 2020. With demand for technology services continuing to outstrip supply, the IT companies stepped up fresher hiring

Deal pipeline looks steady with marginal progress: Wipro

Software services firm Wipro's second quarter (July-September) net profit declined nearly 1 percent sequentially (up 8 percent year-on-year) to Rs 2,098.3 crore dented by higher tax and finance expenses, and reconciling items. Profit in the previous quarter was Rs 2,118 crore.

Employees leave CISCO's sinking boat, attrition doubles

CISCO had recently announced plans to cut down, re-align and redeploy its workforce as a part of its strategy to focus only on its core business globally. The plan seems to have triggered double digit attrition in CISCO India, especially among its senior employees, reports CNBC-TV18’s Sunanda Jayaseelan.