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Underpaid CEOs more likely to fire staff: Study
Tue, Aug 21, 2018
"In terms of strategic decisions that a CEO can make that could lead to higher pay, layoffs are one of the easiest to do," said Scott Bentley, an assistant professor at Binghamton University.
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.
Sad over recent IT layoffs, says Narayana Murthy
Fri, May 26, 2017
Founder Chairman of Infosys N R Narayana Murthy today expressed sadness over the IT companies laying off their employees as part of their cost cutting strategy. "...It is sad...," Murthy told in an email reply to a PTI query about recent IT layoffs.
First IT employee union set to take off as job cuts loom
Tue, May 23, 2017
A forum of IT workers is all set to get itself registered as the first union of techies in the country, amid reports of large scale layoffs by IT companies.
H-1B Visa: Nasscom pays nearly Rs 1 crore to two US lobbyists in Q1 of 2017
Sun, May 21, 2017
After a layoffs in India and and visa curbs in the US, IT industry body Nasscom has stepped up its lobbying with America and has paid a total amount of $1,50,000 (nearly Rs 1 crore) to two registered lobbyists in the country in the first quarter (Q1) of 2017.
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.
Why fate of Snapdeal's employees is a big question if sale to Flipkart goes through
Sun, Apr 09, 2017
Acquisition of start-ups have been followed up with layoffs over the last few years. Will Snapdeal's 2,500 employees suffer the same fate?
Amazon plans to cut 263 jobs at parenting products subsidiary Quidsi after losses
Thu, Mar 30, 2017
The US-based e-commerce company Amazon.com has planned to cut 263 jobs at its money-losing parenting products unit Quidsi this summer as part of a business restructuring.
Tech Mahindra halts appraisal cycle for senior-level employees
Mon, Feb 06, 2017
Indian IT firm Tech Mahindra has suspended the appraisal cycle for senior-level employees possessing more than six years of experience pending a management review.
11 months since it entry, China's LeEco severely downsizes its India plans
Wed, Dec 21, 2016
The company will layoff its employees in India in the face of uncertainty that is forecast for the global economy in the coming year.
Won't allow H-1B visa holders to replace US workers: Donald Trump
Sat, Dec 10, 2016
President-elect Donald Trump has said he would not allow Americans to be replaced by foreign workers, in an apparent reference to cases like that of Disney World and other American companies wherein people hired on H-1B visas, including Indians, displaced US workers.
Credit Suisse to cut costs further, lowers targets
Wed, Dec 07, 2016
Credit Suisse on Wednesday announced more than 1 billion Swiss francs ($991 million) in extra cost cuts as Chief Executive Tidjane Thiam tries to compensate for challenging conditions which have hampered his restructuring of the lender.
Strategic changes behind withdrawal of 67 job offers, says Grofers
Mon, Jul 04, 2016
After media reports stating Grofers planning to lay off 10% of its employees and withdrawing 67 campus placement offers, the company has come out with a statement citing strategic changes as main reason behind such move.