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Cognizant reports $18-million loss in Q4
Wed, Feb 07, 2018
US-based IT major Cognizant today reported a net loss of $18 million for the December 2017 quarter compared to a profit of $416 million in the year-ago period.
Automation, US visa issues impact Indian IT jobs for the first time in H1 FY18
Fri, Nov 03, 2017
This is the first time it has fallen to record low employment levels since the IT industry had put India on the global map for software services.
Top seven Indian companies receive less H-1B visas in 2016
Tue, Jun 06, 2017
Top seven Indian-based outsourcing companies in the US received fewer H-1B visas in 2016 as compared to 2015, and as a group their numbers dropped 37 %, according to a new report.
It's possible for us to protect jobs of youngsters if senior execs take salary cuts, says Infosys' N R Narayana Murthy
Fri, Jun 02, 2017
Speaking to a news channel on the ongoing layoffs into the IT industry, Infosys co-founder N R Narayana Murthy said that it was possible for all IT companies to protect the jobs of youngsters if their senior management executives take some salary cuts.
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.
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.
Cognizant layoff plea closed in favour of sacked staff, says Telangana Joint Labour Commissioner Chandra Shekaram
Sun, May 28, 2017
On the Cognizant layoff case, Telangana Joint Labour Commissioner Chandra Shekaram said on Saturday that the case has been closed in favour of employees and the company has been asked to hold talks one-on-one to resolve the issue.
How a stronger Indian Rupee can hamper your career in India's IT sector
Fri, May 19, 2017
Samir Tripathi, analyst, ICICI research said, “Overall Rupee trajectory over a one year time frame is expected to be stronger than the one-year forward rates. From medium term perspective, we expect rupee to trade around 65.50 levels by March 2018 – with a variation of around 2%.”
Amidst ‘robust’ layoff rumours nine IT companies in India make it to LinkedIn’s Top Companies 2017 list
Thu, May 18, 2017
Despite rumours of massive layoffs and a bleak future at IT companies considering automation and protectionist attitudes of the west, Indians are still looking for jobs in these companies.
Not correct to assume IT industry going for big job cuts: Govt
Tue, May 16, 2017
IT Secretary Aruna Sundararajan said there could be some cases were contracts are not renewed as part of the regular annual appraisal cycle.
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.
Infosys to ''fire'' many techies for ''non-performance''
Wed, May 10, 2017
As a bi-annual exercise, the IT major`s management would make performance assessments of its employees, keeping in view the business goals set for individuals.
Can govt's focus on job creation help Indian IT sector?
Wed, May 10, 2017
While there were worries about Indian employees of IT companies overseas losing their jobs. Now it seems that employees of IT firms within the country too are going to losing their jobs.
Are Indian IT firms to blame for H-1B visa restrictions?
Mon, Apr 24, 2017
A US government official named TCS, Infosys and Cognizant for violating H-1B visa norms in the US.
TCS, Infosys, Cognizant accused by US of violating H-1B visa rules
Sun, Apr 23, 2017
US government official accuses of misusing the lottery system for H-1B visas by putting in extra applicants for the scheme.
FM Arun Jaitley holds bilateral meet with US Commerce Secretary Wilbur Ross to resolve H-1B Visa tightening issue
Fri, Apr 21, 2017
Highlights: 1. US president Donald Trump has signed a new executive order seeking review of present H-1B Visa issuance system
Will US Prez Donald Trump's new executive order hamper costs, biz of Indian IT firms?
Wed, Apr 19, 2017
The US president Donald Trump ordered a review of the US visa programme for bringing high-skilled foreign workers into the country which is likely to have impact on businesses of Indian IT firms.
Trump to sign executive order on reform of H-1B visa system
Tue, Apr 18, 2017
Trump is scheduled to travel to Milwaukee, Wisconsin, the home state of House of Representatives Speaker Paul Ryan, to sign the 'Buy American, Hire American' Executive Order.