July 6th, 2017Technology giant Microsoft is undertaking a major reorganisation that will likely see the company cutting about 3,000 jobs from its global workforce, a media report said today.
The layoffs under the restructuring at the technology giant led by India-born Satya Nadella will mostly affect sales, and as many as 3,000 jobs will be cut,...
June 2nd, 2017IT services major Infosys today said it will hire 20,000 people this year as against only 400 people being asked to leave on performance grounds and termed reports of large-scale job losses as "overstated".
Infosys COO UB Pravin Rao said the technology-driven transformation presents new opportunities for companies like...
May 14th, 2017Executive search firm Head Hunters India today said the job cuts in IT sector will be between 1.75 lakh and 2 lakh annually for next three years due to under-preparedness in adapting to newer technologies.
"Contrary to media reports of 56,000 IT professionals to lose jobs this year, the actual job cuts will be between 1.75 lakh and 2...
May 10th, 2017Infosys could hand out pink slips to hundreds of mid and senior-level employees as it carries out bi-annual performance review amid a challenging business environment.
The development comes at a time when its peers Wipro and Cognizant are taking similar measures to control costs.
Interestingly, Infosys has said it will hire 10,000...
March 4th, 2017Chinese handset maker LeEco today refuted reports of winding up its India operations but admitted that it has undertaken an "optimisation exercise" in the world's second largest smartphone market.
"India is one of the most strategic markets for LeEco and hence no exit plan... (the company) has recalibrated and reimagined its business...
March 1st, 2017San Francisco: The University of California, San Francisco on Tuesday laid off 49 information technology (IT) employees and outsourced their work to a company based in India, ending a year-long process that has brought the public university under fire.
The university announced the plan last July as a way to save $30 million over five...
January 6th, 2017Chinese telecom equipment maker ZTE, which is facing US trade sanctions that could severely disrupt its supply chain, is slashing about 3,000 jobs, including a fifth of positions in its struggling handset business in China, company sources said.
The sources said the Shenzhen-based company, one of the world's biggest telecoms gear...
November 29th, 2016Every company has managers, officers and directors who are vulnerable to external risks of claims incurred due to certain decisions undertaken in that position that may not go down well with the related parties relevant to the business. These related parties may include the vendors, customers, employees, contractors, and sub-contractors....
