Page 2 - It Industry Layoffs

Facebook parent Meta slashes workforce by 11,000, Zuckerberg takes blame

Meta CEO Zuckerberg says post-Covid scenario didn't meet expectations

350 employees in Udaan to get pink slip in pursuit of profitability

India's largest business-to-business e-commerce firm sacked 180 employees in June

Intel plans major layoffs this month as PC sales nosedive globally: Report

Chip-maker Intel is reportedly planning job cuts that can run in thousands, especially hitting its sales and marketing teams, as consumer PC sales nosedive globally

EPAM sacks around 100 Indian employees, revokes offer letter of others

At least EPAM 100 employees, across testing, .Net, DevOps, and Java domains in both firms - EPAM Systems and EPAM Anywhere - have been asked to resign

HCL Tech lays off over 300 globally working on Microsoft projects

Company silent on layoff details, but sources say those asked to go are from India, Philippines and Guatemala

Capgemini tweaks its leave policy in India amid coronavirus lockdown

Forum for IT Employees (FITE), a self-proclaimed union for IT employees, has alleged that the company has taken such steps in order to "compensate for business loss owing to the nationwide lockdown".

Coronavirus fear: Govt raises issue of layoffs, salary cuts with companies

Low-cost airline SpiceJet had announced a 30 per cent pay cut for employees for March and announced "leave without pay' during March 25-31

Indian IT firms unlikely to lay off employees amid coronavirus lockdown

With high employee utilisation level and low bench strength, Indian IT companies are in a better position to absorb the adverse impact on cost for now

Amid Covid-19 scare, CII tells member companies not to lay off employees

The Confederation of Indian Industry (CII) had 9,325 companies as members at the end of 2019

Net hiring down for TCS, Infosys: IT industry stares at jobless growth

TCS, Infosys showed net hiring decline in Q1 versus Q4 last year

Not pessimistic on IT jobs, startups should help: RBI Guv Urjit Patel

Remark comes amid reports pointing to a slowdown in IT sector hiring

Telangana IT Min on layoffs: It's common to lay off few and recruit more

BS ReporterHyderabad, 1 June: Telangana IT minister K T Rama Rao on Thursday came in strong defense of the practice of annual layoffs in the IT sector as he said the companies have been creating lot more jobs than they allowed people to leave their campuses in an year."Its common to the(IT) companies... Few people are let go off but lot more new employees are being recruited by them each year. Why should we object to this," the minister said while baking his views with the job growth numbers in Hyderabad city. The IT companies had created more than 24,000 new jobs in the city during the year 2016-17, according to an annual report prepared by the state IT department.Last month a couple of associations representing the IT employees had knocked at the doors of the labour commissioners of various states, including Telangana, seeking intervention against what they termed as large scale layoffs being allegedly effected by different IT companies.Incidentally, the labour department of ...

IT industry layoffs: More complaints filed against Wipro, Cognizant, others

India's large IT services companies are witnessing increasing backlash from employees asked to resign in recent months as the industry sees a structural change due to business as well as technology shifts. Former employees of major IT services firms such as Tech Mahindra, Wipro and Cognizant on Thursday met with labour department officials in Bengaluru and Pune alleging that there have been cases of "forceful resignations" at both the companies. A former Vodafone employee also joined the ranks of disgruntled professionals to file a letter against their unethical termination with the Pune Labour commissioner. Employees of one of the organizations said that the terrace of their office is being patrolled by bouncers to ensure that nobody tries to jump from there. All affected members were clearly vary of making public statements or even having their pictures taken as they are apprehensive of how their current and future employers may perceive their involvement with Forum for IT ...

FITE approaches Labour Commission over IT employee layoffs in Tech Mahindra

A petition was filed seeking intervention in the matter; Company, however, denied forum's claims

Karnataka govt to meet employee associations to discuss IT industry layoffs

Association had called for an urgent meeting with the state govt on Tue

IT industry layoffs: Upskilling may help professionals save their careers

According to BigData, skilll acquisition may fetch Rs 13.94 lakh per annum

[24]7 to hire over 3,000 digital chat agents in India

Recruitment to be made from campuses in Bengaluru, Hyderabad

IT crisis: Nasscom denies layoffs, says sector net hirer of 150,000 people

However, it also says techies will have to re-skill themselves to stay relevant

IT industry layoffs: Techies should re-skill or perish, says Nasscom

Statement follows reports that suggest over 50,000 people could be laid off this year

IT industry layoffs may continue up to 2 yrs: Experts

Pink slips are likely for jobs in manual testing, technology support and system administration