Says will take time to make all the changes that CCI has asked for
Poor performance prompted the company to take this extreme step
Wipro's attrition rate declined to 21.2 percent on a year-on-year basis in Q3FY23
Joins decacorn club as most-valued fintech after topping $12-billion valuation in new funding
Support and empathy on sites such as LinkedIn and a market that is still hiring are softening the blow
Tech brands lose value; Tata Group and Infosys climb the charts
The impact of the move on its Indian operations could not be ascertained
DarwinBox will be the first HR tech SaaS based platform from Asia with whom Microsoft will also collaborate and see integration between Darwinbox and the Microsoft's product ecosystem
Accenture retains top slot for the fifth year straight; Cognizant and Wipro fall in rankings
IT major HCLTech reported strong growth in net profit and operating margins in Q3FY23
Professional networking platforms, such as LinkedIn and Grapevine, were full of stories of layoffs
US tech giant argues regulator's order will stall growth of the Android ecosystem in India
Kumar joins Cognizant after a 20-year career at Infosys, where he held various leadership roles, most recently serving as president from January 2016 through October 2022
So far the top three IT firms have announced their third quarter numbers and the dip in attrition rates and a higher bench strength seems to be signalling towards a normal year for hiring in FY24
Attrition down to 24% from 27% in previous quarter
Tredence is looking at Advent International to not only grow geographically but also support them in expanding into new verticals like healthcare, life inorganic sciences, and insurance