Job Losses

The AI universe has engulfed industries and economies that are committing huge spends even as it has sparked fears of job losses

Double Trouble: IT layoffs & loan slowdown – is there a storm brewing?

Private banks, which have higher exposure to private sector employees, particularly those from IT, have witnessed an 8-12 percent contraction in their FY26 EPS estimates.

Generative AI: A Double-Edged Sword for IT Companies

Job losses at IT companies have been attributed to a slowdown in spending by their customers. But there are also longer-term structural reasons, such as the adoption of Generative AI

Over 10,000 more jobs to go at UK's Wilko after partial rescue fails

Canadian businessman Doug Putman had been in talks with administrators PricewaterhouseCoopers (PwC) to buy some 200 shops operated by Wilko, which went bust in August.

Six ways to save your job in the current storm of layoffs

When looking for work, you can protect your employability by negotiating certain clauses including a longer notice period and a golden handshake.

Moneycontrol Selects: Top stories this afternoon

Our specially curated package of the most interesting articles to help you stay at the top of your game.

Why tech giants are on a sacking spree

The good news is that the adage, ‘’In a gold rush, bet on the companies providing the shovels’’ may apply to Indian IT services companies

Immigration Central | What to do if you're on an H-1B Visa and lose your job in the US?

After Twitter layoffs, Stripe cuts 14 per cent of its workforce, the focus is back on corporate giants — Amazon, Lyft, Intel, Apple — tightening their belts. What happens to the immigration status of laid-off immigrants on H-1B Visa in the US?

Services PMI falls for first time in 8 months as domestic demand disappears, export orders nosedive

Export orders nosediving to 6-month lows and lack of domestic demand led to the first decline in sales since September 2020 for services companies. As a result, the sector lost jobs for the sixth straight month.

Cut in work shifts by companies during COVID-19 Second Wave is unlikely to lead to job cuts

Employers do not want to let go off quality and skilled workers because the cost of training and recruiting is a lengthy and costly process; lockdowns in different parts of the country are of a shorter duration and not as draconian as the national lockdown in 2020, say industry insiders

Companies beware, sacked employees could be selling client info on dark web

Kumar Ritesh, founder, Cyfirma, told Moneycontrol the number of sacked employees selling information on the dark web has gone up significantly in the past four months, especially from India.

One in 10 active job-seekers handed pink slip: Naukri survey

The survey said that of those laid-off, 15 percent were from the airlines and e-commerce industry each and around 14 percent were from the hospitality industry.

After Ola, Uber lays off 600 employees in India

Uber's announcement came nearly a week after its India rival, Ola, fired 1,400 staff.

Coronavirus impact | French BPO firm Teleperformance terminates 3,000 employees in India

Around 1.5 lakh employees in India's IT industry could lose their jobs over the next few months.

SC dismisses plea seeking protection of IT employees against layoffs, pay cuts

The petition was filed in the wake of termination of employees and pay cuts despite the advisories issued by the Centre and state governments.

Coronavirus pandemic | Companies are hiring, but there are no takers

Demand for blue collar workers came down by 60 percent since lockdown

Supreme Court to hear PIL seeking protection of IT employees against termination on May 15

Experts estimate that close two lakh IT/ITeS would lose jobs due to COVID-19 impact.

Time for humane layoffs in India Inc?

HR officials agree that while layoffs are inevitable, the process can be made made more structured.

Auto slowdown: Around 50K workers in Gurugram-Manesar auto belt retrenched

The downtrend has trickled down to the logistics sector as lower vehicle production has drastically hit the utilisation of trucks

Infosys targets 20,000 fresh hires this year too, to focus on new digital skillsets

At a time when software companies are cutting jobs, India’s second largest software company Infosys will maintain its annual campus hiring at 20,000, as it does every year.

Even as IT layoff scare catches on, government & IT body shrug it off as normal

While there is panic over job losses in the industry, the government and IT governing body Nasscom say that the current year is no different than any other.

Less hiring, more firing: Automation poses big threat in IT

Cognizant looking at sacking more than 6,000 employees this year. Company says standard practice but is this is an impact of automation?

Airtel-Telenor deal done, Idea-Vodafone on weekend: What's next?

The Airtel-Telenor buyout coupled with talks of potential Vodafone-Idea merger and Tata Teleservices with RCom-Airtel-MTS combine raise questions whether a consolidation is the best way for telecom companies in view of Reliance Jio's entry.

India faces 1.5 mn white-collar job crisis in telecom, IT, BFSI

India is staring at an imminent jobs crisis as three leading service sectors — which have been engines of job creation for two decades now — get ready to shed jobs by the tens of thousands, each driven by its own dynamic.

Capgemini India chief says 65% of IT employees not retrainable

With the domestic IT industry staring at a shift in nature of work due to increasing use of digital technologies, a leading firm has said a majority of the workforce cannot imbibe the required emerging skill-sets, and warned of high job losses at the middle and senior levels.