Ninety-six percent of Wipro employees will receive salary hikes based on performance and on meeting the eligibility criteria.
Infosys banned it, and Wipro fired 300 employees because of it. On Moneycontrol Masterclass, we put the spotlight on the raging debate around #moonlighting with a superb panel. Is it legal? Should there be a formal policy for moonlighting? What is allowed and not allowed? Why is moonlighting rampant in the IT sector?
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
Moonlighting is taking up a second job, or multiple other work assignments typically secretly apart from one’s full-time job
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Wipro employees working directly for the company's competitors was a “complete violation of integrity in its deepest form”, Rishad Premji said.
Wipro Chairman Rishad Premji on Wednesday said the company had found 300 of its employees worked with one of its competitors at the same time,
Anand spent his formative years at Wipro before moving on to Tata Consultancy Services (TCS) where he held leadership roles in sales, delivery, and account management for Japanese customers and their global operations.
Wipro chairman Rishad Premji has described moonlighting as "cheating - plain and simple".
IT stocks had taken a severe beating, factoring in the aggressive tone of US Federal Reserve chairman Jerome Powell at the Jackson Hole Symposium. After a rebound, they resumed their fall on September 14, reacting to the hotter-than-expected inflation data released in the US
Bagmane Tech Park and Divyashree Villas also feature on the list the comprises high-profile builders, developers and tech parks
India’s booming IT sector offers some of the country’s highest-paid jobs – so why have so many techies taken to ‘moonlighting’?
While some moonlight for extra money, others do it to gain more experience while there are also those who do it to pursue their interests.
While the city’s infrastructure problems need to be addressed on a war footing, experts feel that Bengaluru remains an attractive destination for employers and employees alike.
There’s not much client spending on the metaverse and Web3 right now, though the technology provides immense possibilities and opportunities.
A basic villa in Epsilon costs Rs 10 crore. The price can go up depending on the size of the plot and a 1-acre plot apparently costs Rs 80 crore.
Wipro is invoking plans to continue business while TCS has internally cautioned delivery teams to ensure safety.
With the vexed issue now in the spotlight, some industry watchers expect employers to consider extra safeguards to protect proprietary information and operating models, especially where employees are working remotely.
The development comes at a time when Indian IT companies are already facing challenges and delays in rolling out quarterly variable pay to the employees amidst margin pressures.
High levels of attrition, increasing travel costs, and fears of a recession that’s affecting demand for IT services are putting pressure on margins of tech companies.
A survey by investment firm Wedbush Securities shows that IT companies’ clients maintain a positive intent to spend on technology both in the second half of the calendar year 2022 and the first half of 2023
After Wipro chairman Rishad Premji's comment on moonlighting, social media users from both sides of the spectrum -- employers and employees -- have taken to different platforms to voice their opinions with most stating that what professionals do in their free time should not concern the organisations.
After Wipro and TCS, Infosys reports variable pay cut to fight shrinking margins. Rich valuations and an anticipated slowdown in IT spends, given the rising inflation and a likely slowdown in global growth, build pressure on the IT stocks
As efforts to raise prices are meeting with limited success IT companies are moderating salary costs, their biggest expenditure component
Wipro price shows a signs of bearishness, the MACD moves into in a sell mode