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Here are 7 key things Infosys' Board said at 36th AGM
Mon, Jun 26, 2017
Infosys Board members during its recently held 36th AGM in Bengaluru on Saturday spoke on range of issues right from automation, corporate governance, compensation packages to layoffs and hiring plans in India. Find out, what are 7 key things Infosys' board said in its recent annual general meeting.
Layoffs: Karnataka Govt keen on policy to address issues like forced resignations, others in IT firms
Tue, Jun 13, 2017
Karnataka's IT minister Priyank Kharge while speaking to a news agency has said that the government is keen on coming out with a policy addressing various problems including "forced resignation" adopted by IT companies, but not before listening to the problems faced by IT industry leaders and employees.
$20 billion revenue target by 2020 looks difficult, says Infosys CEO Vishal Sikka
Mon, Jun 12, 2017
Infosys CEO and MD Vishal Sikka in his recent interview to a leading business news channel said that achieving the $20 billion revenue growth target by 2020 looks almost impossible adding further that the target was put forward three years ago to give a glimpse of the way forward.
IT industry in India will continue to witness layoffs at low-end skills for next 18 months: Experts
Mon, May 29, 2017
According to experts, the IT industry in India will continue to see the layoffs for the next 18 months at the low-end skills on back of automation taking over the routine tasks like application maintenance, bug fixing, manual testing, among others.
Tech Mahindra's stocks fall nearly 17% in early trade after posting 33% decline in Q4 profit
Mon, May 29, 2017
After posting nearly 33% decline in its Q4 profit for FY17, the stocks of IT major Tech Mahindra fell down about 17% in the early trade on Monday.
Top Indian IT cos like TCS, Infosys, others will lead in digital business, says recruitment firm Head Hunters India
Sun, May 28, 2017
Executive search firm Head Hunters India Founder and MD Kris Lakshmikanth told PTI that he firmly believes top companies including TCS and Infosys to lead India in the digital business further adding that these companies have clearly understood the dramatic change and the challenges of going digital more than two years back.
IT to remain net recruiter, automation to watch out for, says Kotak Institutional Equities
Sun, May 28, 2017
Research firm Kotak Institutional Equities in its recent research note has said that the IT sector in India would continue to be a net recruiter and the automation would have significant impact on headcount in IT and BPO industry.
Job losses in IT industry to impact residential real estate in Bengaluru, Hyderabad, others: JLL
Sat, May 27, 2017
According to a recent study by JLL, due to massive job lossess in the Indian IT industry on account of automation and artificial intelligence, the demand for residential realty across IT hubs of Bengaluru, Hyderabad, Pune, Navi Mumbai and Noida is likely to get impacted.
Layoffs in Indian IT may continue for 1-2 years: Experts
Sun, May 14, 2017
Indian IT industry is likely to witness a layoff of employees for the next one to two years on account of the sector demanding employees upgradation of skills in digitisation and automation.
IT Job Market: Nearly 2 lakh jobs at stake at Infosys, Cognizant, others as cos step-up American hiring
Sat, May 13, 2017
According to the news report, nearly two lakh jobs are at stake, with big-ticket companies like Infosys, Cognizant, Wipro, Tech Mahindra, others as they looking to hand over pink slips to incumbent employees and hire fewer talent.
No mass layoffs by Indian IT companies, workforce realignment happens every year: Nasscom
Sat, May 13, 2017
India's IT industry body Nasscom on Friday has issued a statement denying a mass layoffs by IT companies in the country stating that the workforce realignment linked to performance appraisal processes is a regular feature every year.
Junior-level IT jobs in India are disappearing at a fast clip
Tue, Mar 28, 2017
According to experts from recruitment agencies, the demand for Indian IT professionals is predicted to grow in future despite hit in business from the USA, change in US immigration policies and automation, among others.
4 out of 10 jobs will be lost to automation by 2021, say experts
Sun, Mar 26, 2017
India produces 5.5 million jobs (across levels) every year, but this number falls short of jobs needed to employ available talent and automation is further increasing the gap.
Cognizant may lay off about 6,000 employees, report claims
Mon, Mar 20, 2017
Cognizant is likely to cut about 6,000 job roles that have become redundant due to the impact of automation on lower-end IT jobs.
Infosys for first time records negative growth in hiring; recruits about 6,000 people so far in FY17
Mon, Feb 13, 2017
A senior official of the Telangana Government on Monday said that Infosys for the first time has registered negative growth in its hiring for the fiscal year 2016-17 (FY17).
Mphasis appoints Syntel's Nitin Rakesh as chief executive officer
Fri, Jan 27, 2017
Mphasis has appointed former chief executive and president of Syntel Inc Nitin Rakesh as its new chief executive officer.
HDFC Bank cuts headcount to over 4,500 in third quarter on efficiences, lower hiring
Thu, Jan 26, 2017
HDFC Bank has lowered its headcount to 4,581 employees in third quarter on account of efficiencies in the system and lower hiring.
Infosys releases about 8,000 to 9,000 employees in last one year on automation
Fri, Jan 20, 2017
Homegrown IT major Infosys is reported to have released about 8,000 to 9,000 employees in the last one year on account of automation of lower-end jobs,
Tech Mahindra to hire over 100 engineers for new Dublin centre
Mon, Jan 16, 2017
The centre, which will be operational in the first quarter of 2017, would employ more than 100 engineers.
Future jobs to be driven by digital tech: Kiran Mazumdar-Shaw
Mon, Oct 31, 2016
Automation and digital technologies will drive jobs of the future even as they cannibalise conventional employment while creating a large number of new opportunities, says biotech entrepreneur Kiran Mazumdar Shaw.