IT Job Cuts

The iPhone maker has largely held off on corporate layoffs, even as it trims budgets and pares back much of its contractor workforce, including on-contract engineers, recruiters and security guards

In an exclusive interaction with Business Standard, Sridhar Vembu say the trend of large-scale layoffs in Silicon Valley has now hit Indian shores

Learning solutions provider TeamLease EdTech on Thursday said a large number of Indian employers have expressed their intention to hire freshers in the first half of this calendar year. According to TeamLease EdTech's Career Outlook Report for January-June 2023, in spite of the global gloom, Indian employers' intent to hire freshers has marginally increased by 3 per cent to 62 per cent, as compared to July-December 2022, when it stood at 59 per cent. TeamLease EdTech surveyed 874 large, medium and small businesses between October-November 2022 for this report. The top three industries with the most robust intent to hire freshers are information technology (67 per cent), e-commerce & technology startups (52 per cent) and telecommunications (51 per cent). Amongst the Tier I cities, Bengaluru comes at the top with maximum openings for freshers at 75 per cent, closely followed by Mumbai (56 per cent) and Delhi (47 per cent). "Even in the face of a global muted sentiments around team .

The screening tests may also get more stringent as the firms are under pressure to honour campus offers but are already overstaffed

Led by the technology sector, US-based employers announced 102,943 cuts in January, a massive 136 per cent increase from the 43,651 cuts announced in December, a new report has said

The massive layoffs by the tech companies this year alone have surpassed the levels from the Great Recession the world went through 2008-2009 that began with Lehman Brothers collapse

Many of the industry's clients closed their set-ups globally as part of containment measures to check coronavirus. Travel and hospitality, aviation, retail, auto and manufacturing hit the hardest

'It's going to happen again and again and again every five years,' said Pai

First sequential decline in a decade as 8 of top 15 software firms report drop in manpower

Layoffs have nothing to do with Trump's visa stance; its impact will show after rules are framed

Wipro appears to be firmly against the idea of lay-offs

Mid-rung engineering institutes are exploring ways to impart latest skills to students

Indian IT hubs of Bengaluru, Hyderabad, Pune, Navi Mumbai and Noida could be most impacted

Payouts of at least four Infosys executives increased by over 50% in the previous financial year

Said knowledge should move from lecture mode to being interactive, digital, participatory

Global IT services major IBM has let go of a few thousand employees from its Indian unit, which employs one out of three workers globally.IBM joins local peers such as Wipro, Infosys, Cognizant and Tech Mahindra to prune staff as the IT sector faces technology shifts towards automation and from manning legacy system towards digital and cloud.IBM India is looking at a target of "achieving 100 per cent utilization" across all projects with the shift in business and increased demand for digital-technology based services, a person familiar with the development said. For example, if a project currently has eight software engineers, roughly two of them are released and redeployed on other projects to achieve full utilization across projects. "However, no one is kept idle on the bench now," an engineer at IBM said. "In some cases people have to upgrade themselves with new technology skills to get redeployed. But, those who are not willing are at risk and often told to go." Kris ...

Said Jan Dhan Yojana and Aadhar based service delivery models offer interesting opportunities

Protectionist policies in the west and increased automation have led to job losses

India runs the risk of losing the competitive edge it has enjoyed in the sector over the years

Analysts attribute these job losses to a slowdown in growth, automation of lower-end work