It Layoffs

TCS told Moneycontrol that speculations around a higher number of layoffs are incorrect and misleading, adding that the impact is limited to 2% of its workforce.

Surviving an IT layoff: A guide to managing your money wisely

Layoffs can shatter your cash flow, but money sense and wise money management can sustain you and prepare you for the future.

IT layoffs are unfortunate, but will help companies emerge stronger, stay relevant

As the sector struggles to remain relevant through the ongoing phase of transformation, only the nimble and agile players will emerge triumphant

IT employees need to relook job contracts to safeguard their interests

The dice seems loaded against IT sector employees, layoffs, non-competes, no-poach restrictions, campus offers that are put on hold and more. The least they can do is to know what they are getting into

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

Indian IT firms to slash tech hiring by 40% in FY24

TeamLease expects hiring in the IT sector in Q4 will 'remain flat' as attrition and growth visibility have reduced.

IT companies talk tough after employee pyramid repairs

The harsh crackdown on moonlighting comes after FY22 saw highest employee additions by IT companies in a decade. Profit margins may smile as a result

Coronavirus-led layoffs | People + Work Connect, a platform to connect laid off employees with companies

The analytics-driven platform, People + Work Connect, was designed by Chief Human Resources Officers from Accenture, Lincoln Financial Group, ServiceNow and Verizon

IT layoffs: "Two days after my promotion, I was asked to resign"

Tech Mahindra employee shares more details about his termination

Infosys CEO arrives in a driverless cart, firm to bet big on AI

The point of building the autonomous vehicle at Infosys' Mysore facility, CEO said was to re-skill and up-skill employees with new emerging technologies such as Artificial Intelligence.

IT slowdown? These tech skills can help you earn a fat pay cheque

Demand is high for emerging job roles such as subject matter experts and hybrid professionals who possess domain and soft skills

IT reboot: How Infosys, TCS, Wipro & HCL are re-skilling employees to beat automation

The Indian IT industry employs around 4 million people according to industry body Nasscom, which also says that about 40% of them need re-skilling over the next five years to stay relevant in the face of automation

Will look into complaints filed with Labour Commissioner: Karnataka IT Minister

Following layoffs in the Indian technology sector, Karnataka state government is considering a meeting of IT companies and the affected employees to resolve the issue. Rukmini Rao of CNBC-TV18 caught up exclusively with Karnataka State Labour Minister Santosh Lad to find out more on the issue.

Chennai labour chief advises aggrieved Cognizant employees on what to do next

The labour department also asked employees to raise concerns related to performance appraisal before appropriate forum through trade unions under Section 2(k) of the Industrial Disputes Act.

Despite reports of mass layoffs, IT industry will remain a major employer in FY2018, says Nasscom

In FY 2017, the sector added 1,70,000 people, Nasscom said in a report titled ‘Jobs and Skills: The Imperative to reinvent and disrupt’. In the last quarter of FY17, top 5 software companies hired over 50,000 techies.

Banks become hunting grounds for IT employees — for jobs, not money

Nearly 30,000-35,000 jobs are on the line as factors such as cost pressures and new H-1B visa norms impact Indian IT industry.

Job Crisis: Not all is lost for IT, but sectors tied to it may feel jitters

As the IT jobs of middle management employees are lost, banking sector which has mainly funded cars and houses of these employees will be under pressure.

Tech Mahindra to lay off 1500-2000 employees this quarter: Sources

Tech Mahindra will be conducting company-wide performance review and could remove large part portion of under-performing workforce.