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Snapdeal denies reports of 80% layoff of its employees
Mon, Jul 31, 2017
Snapdeal on Monday denied reports that it will be sacking 1,000 employees after it walked away from the Flipkart deal.
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.
'IT to layoff up to 2 lakh engineers annually for next three years'
Sun, May 14, 2017
According to recruitment consultancies, the Indian IT sector is likely to witness layoffs between 1.75 lakh and 2 lakh annually for next three years due to under-preparedness in adapting to newer technologies.
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.
Bought for $400 million in 2015, Snapdeal now wants to sell Freecharge for $300 million
Thu, Feb 23, 2017
Snapdeal is likely to sell its payments company FreeCharge for $300 million.
Snapdeal's co-founders Kunal Bahl & Rohit Bansal take 100% pay cut
Wed, Feb 22, 2017
Snapdeal's co-founders Kunal Bahl and Rohit Bansal have taken a 100% cut in their compensation as the company realigns resources to become profitable online retailer in India in two years.
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,