IT Layoffs

In a townhall, Raveendran tells employees edtech is not a 'pandemic phenomenon'

"Unfortunately, we are not immune to the headwinds being faced by our customers or to the macroeconomic environment at large"

"The technology sector is leading all industries, and this talent is in demand across industries. In fact, 38 per cent of all cuts are in the Tech sector," the report stated

The techies, especially those in early phase of their career, are finding it difficult to afford exorbitant rents and they are considering to migrate to distant localities that have afforable rents

People working at these firms have witnessed their colleagues being shown the door. Many have left on their own or are looking for options

Global economic slowdown, tech layoffs and hybrid work have impacted gross leasing of office space in India, as flexible office space providers share reached almost at par with traditional companies

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The company said that it will provide severance and other resources to those employees who are laid off, the report mentioned

One of the best indicators of an impending recession is the inverted yield curve, particularly the difference between the 10-year Treasury note and the three-month T-bill

Amid mass layoffs in the tech sector, the US Citizenship and Immigration Services (USCIS) has said it is wrong to assume that fired workers holding H-1B visa has to leave the country within 60 days and that they have multiple options to stay. In a letter to the Foundation for India and Indian Diaspora Studies, USCIS Director Ur M Jaddou said, "When non-immigrant workers are laid off, they may not be aware of their options and may, in some instances, wrongly assume that they have no option but to leave the country within 60 days." The Foundation for India and Indian Diaspora Studies(FIIDS), which has been working for laid-off H-1B visa holders, had recently written to USCIS about the impacts of recent technology sector layoffs and sought an increase to the up to 60-day grace period. In the letter addressed to FIIDS director for policy and analysis strategy Khanderao Kand, the USCIS said it acknowledges the financial and emotional impact that job loss can have on employment-based ...

In the past two weeks Meta Platforms Inc. announced it was cutting another 10,000 jobs and eliminating 5,000 open roles, Amazon.com Inc. laid off an additional 9,000 workers and job-hunting website

Amid ongoing global layoffs especially in the tech sector, hirings in India saw a 9 per cent sequential growth in February and the IT sector signalled a positive comeback after witnessing a decline

Global media outlet NPR plans to lay off about 10 per cent of its current workforce, about 100 employees, as its financial outlook has "darkened considerably over recent weeks."

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PC and printer major HP Inc is laying off 100 employees and most of the job cuts will be in HP Indigo, which is engaged in the production of digital printing machines.

Meanwhile, some of the employees who were laid off took to LinkedIn

Recruiters are foreseeing fewer layoffs in the first half of 2023, but information technology roles and those of senior professionals will be the most impacted within it, a survey said on Thursday. The survey of 1,400 recruiters and consultants by the job portal Naukri.com said only 4 per cent of respondents predicted layoffs and downsizing not to be the dominant hiring activity in their organisations. However, the survey of recruiters across ten sectors said that information technology roles will be witnessing the maximum impact of hiring corrections, while there will also be some impact in roles in the business development, marketing, human resources and operations fronts as well. "Recruiters foresee maximum layoffs for senior professionals, with 20 per cent of recruiters predicting the same. Freshers are expected to be least impacted by hiring corrections," the bi-annual survey by Naukri.com said. The survey said that around half of the recruiters expect high attrition rates of

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

This comes at a time when hundreds of freshers are waiting for their joining dates at Infosys even though they received the offer letter months ago

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