Cognizant Layoff
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Accenture to Cut 19,000 Jobs Amid Concerns of Lower IT Spending Due to Global Economic Outlook
Accenture has announced it plans to cut about 2.5 percent of workforce, or 19,000 jobs, as the lowers its profit and revenue forecast for the year. The firm said more than 50 percent of the job cuts would affect staff at its non-billable corporate functions.
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After IT Companies Lays Off Thousands, Narayana Murthy Expresses Sadness
The development comes at a time when IT companies like Wipro and Cognizant are taking measures to control costs.
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Cognizant Says 'Employee Separation Offer' First Time In India, US
Cognizant has rolled out a 'voluntary separation programme' for directors, associate vice presidents and senior VPs, offering them 6-9 months of salary to make way for the new generation to move up the chain.
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Donald Trump Blamed For Job Losses As India Tech Workers Face Cuts
Swapana Bhosale was stunned when she found out earlier this month she was losing her job at tech services provider Cognizant Technology Solutions in India. Layoffs in the business are rare, particularly if employees are in the middle of client assignments like she was.
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India's First IT Union Hits Back As Nasscom Dismisses Mass Layoffs Reports
Protectionist policies in the West and increased automation have led to job losses in India's fast-growing IT sector
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Nasscom Says Reports of Mass Layoffs at Indian IT Firms Are Incorrect
Nasscom said the numbers being reported with regard to layoffs across different sources are not in line with the actual employment progression.
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So Will IT Layoffs Really Run Into Lakhs? What The Experts Say
Infosys denies it. Wipro denies it. IT industry body NASSCOM denies it. But reports of mass layoffs at IT firms have crowded headlines recently with claims like this is the worst hit for the $150 billion outsourcing sector since the economic downturn of 2008.
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Telangana Minister Says Retrenchments Common In IT Industry
A few employees of Cognizant recently approached the state Labour Department alleging that the IT company was forcibly taking resignations from employees citing poor performance.
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Layoffs To Continue In Indian IT. Options For Techies To Consider
Pink slips are likely for jobs in manual testing, technology support and system administration since these are increasingly going to be managed by AI and robotics process automation based systems.
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No Mass Layoffs By Indian IT Companies, Says Industry Body
With the rise of automation and increased protectionist policies by the US many Indian firms have had to trim work force.
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TCS Rules Out Any Downsizing, Says Will Create More Jobs
"We are here to create jobs, not to downsize," Rajesh Gopinathan, CEO and MD of TCS said.
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Cognizant Seeks Two Weeks From Telangana Government Over 'Resignations'
Last week, Cognizant had rolled out a voluntary separation programme for directors, associate VPs and senior VPs
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Cognizant 'Layoffs': Meeting Today After Telangana Government Intervenes
The Forum for IT Employees (FITE) had filed a petition alleging illegal termination.
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Telangana Government To Mediate Between Cognizant, Laid-Off Employees
Last week, Cognizant had rolled out a voluntary separation programme for directors, associate VPs and senior VPs
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After Wipro And Cognizant, Tech Mahindra Lays Off 1,000 Employees
Tech Mahindra, Indias fifth largest IT and software services firm has laid off about 1,000 employees this month
-
Accenture to Cut 19,000 Jobs Amid Concerns of Lower IT Spending Due to Global Economic Outlook
Accenture has announced it plans to cut about 2.5 percent of workforce, or 19,000 jobs, as the lowers its profit and revenue forecast for the year. The firm said more than 50 percent of the job cuts would affect staff at its non-billable corporate functions.
-
After IT Companies Lays Off Thousands, Narayana Murthy Expresses Sadness
The development comes at a time when IT companies like Wipro and Cognizant are taking measures to control costs.
-
Cognizant Says 'Employee Separation Offer' First Time In India, US
Cognizant has rolled out a 'voluntary separation programme' for directors, associate vice presidents and senior VPs, offering them 6-9 months of salary to make way for the new generation to move up the chain.
-
Donald Trump Blamed For Job Losses As India Tech Workers Face Cuts
Swapana Bhosale was stunned when she found out earlier this month she was losing her job at tech services provider Cognizant Technology Solutions in India. Layoffs in the business are rare, particularly if employees are in the middle of client assignments like she was.
-
India's First IT Union Hits Back As Nasscom Dismisses Mass Layoffs Reports
Protectionist policies in the West and increased automation have led to job losses in India's fast-growing IT sector
-
Nasscom Says Reports of Mass Layoffs at Indian IT Firms Are Incorrect
Nasscom said the numbers being reported with regard to layoffs across different sources are not in line with the actual employment progression.
-
So Will IT Layoffs Really Run Into Lakhs? What The Experts Say
Infosys denies it. Wipro denies it. IT industry body NASSCOM denies it. But reports of mass layoffs at IT firms have crowded headlines recently with claims like this is the worst hit for the $150 billion outsourcing sector since the economic downturn of 2008.
-
Telangana Minister Says Retrenchments Common In IT Industry
A few employees of Cognizant recently approached the state Labour Department alleging that the IT company was forcibly taking resignations from employees citing poor performance.
-
Layoffs To Continue In Indian IT. Options For Techies To Consider
Pink slips are likely for jobs in manual testing, technology support and system administration since these are increasingly going to be managed by AI and robotics process automation based systems.
-
No Mass Layoffs By Indian IT Companies, Says Industry Body
With the rise of automation and increased protectionist policies by the US many Indian firms have had to trim work force.
-
TCS Rules Out Any Downsizing, Says Will Create More Jobs
"We are here to create jobs, not to downsize," Rajesh Gopinathan, CEO and MD of TCS said.
-
Cognizant Seeks Two Weeks From Telangana Government Over 'Resignations'
Last week, Cognizant had rolled out a voluntary separation programme for directors, associate VPs and senior VPs
-
Cognizant 'Layoffs': Meeting Today After Telangana Government Intervenes
The Forum for IT Employees (FITE) had filed a petition alleging illegal termination.
-
Telangana Government To Mediate Between Cognizant, Laid-Off Employees
Last week, Cognizant had rolled out a voluntary separation programme for directors, associate VPs and senior VPs
-
After Wipro And Cognizant, Tech Mahindra Lays Off 1,000 Employees
Tech Mahindra, Indias fifth largest IT and software services firm has laid off about 1,000 employees this month
