Founder Chairman of Infosys N R Narayana Murthy today expressed sadness over the IT companies laying off their employees as part of their cost cutting strategy.
"...It is sad...," Murthy told in an.. Deccan Herald
Under fire for its 'employee separation package', IT firm Cognizant has said the company has offered it in India and the US for the first time, unlike its peers who keep taking such steps regularly. Zee News Also reported by •DNA
Cognizant President Rajeev Mehta has written to employees to address concerns over reports of massive layoffs at the company.Reports suggest that over 6,000 employees in India have lost jobs even as.. IndiaTimes
IT workers' unions have decided to intensify their protest against anti-employee measures of companies by holding protest marches in selected cities soon.
The Forum for Information Technology.. Deccan Herald
Hundreds of Indian techies working as software engineers or providing back office services to global firms are setting up a pan-India trade union to protect their jobs amid layoffs by many IT firms,.. Zee News
A number of large foreign funds, managing trillions of dollars of investor assets globally, have flagged persisting religious conflicts and Kashmir dispute as potential risks to their investments in.. Deccan Herald
After Chennai and Hyderabad, IT workers' union FITE has now decided to approach the labour commission in Bengaluru to submit a petition to stop the alleged "illegal terminations" happening at.. Zee News Also reported by •DNA •Deccan Herald
The government sought to allay fears of large scale layoffs by tech firms in India saying the IT sector remains "robust" and is, in fact, moving beyond plain-vanilla back office services to highly.. DNA
Amid apprehensions of job cuts in the Indian IT sector, the Centre on Tuesday said that the industry has assured the government that there will be no large-scale job losses.
"Some of the companies.. Deccan Herald
The government today said IT industry has assured it that there will be no large scale job losses in the technology sector which continues to demonstrate 8-9 per cent growth.
IT Secretary Aruna.. Deccan Herald
India's largest software services firm Tata Consultancy Services (TCS) will commence its Rs 16,000-crore mega buyback offer from May 18.
The buyback programme, which received shareholder approval.. DNA
As digitisation and automation become the new normal, IT biggies like Infosys, Cognizant and Tech Mahindra are seeing a spate of layoffs and this trend may continue for the next 1-2 years, say experts. India Today Also reported by •Deccan Herald •Zee News
Nasscom, the apex body of the Indian IT industry, has completely defied fears of mass layoffs in the sector, and claims that the industry is a net hirer in the country with over 1.5 lakh people being.. Deccan Herald