Layoffs In Indian It
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Paytm Payments Bank Said to Cut About 20 Percent of Staff as Business Halt Looms
Indian digital payments firm Paytm plans to cut close to 20 percent of staff at its banking unit amid uncertainty over the unit's future due to a looming central bank deadline for it to halt most operations, two sources said.
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Micromax Exploring Electric Vehicle Venture Following Decline in Smartphone Sales, Layoffs: Report
Micromax is reportedly working towards foray into electric vehicles (EV) market in India, after the smartphone maker has faced stiff competition from Chinese brands. The firm's upcoming venture will initially focus on two-wheeler EVs, according to a report, suggesting it will compete with Indian brands in a crowded market.
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"Placement Trend Good": IIT-Madras Amid Worry Over Mass Layoffs
Amid news of job cuts by multinational companies globally and in India, Indian Institute of Technology, Madras has said that "it is not facing any dip in placements".
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Dunzo Secures $75 Million in Funding, Lays Off 30 Percent of Its Staff as Part of Business Revamp: Report
Indian online delivery platform Dunzo has secured funding of $75 million (roughly Rs. 614 crore) through convertible notes and is laying off about 30 percent of its staff as it plans a revamp of its business model, the Economic Times reported on Thursday.
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Dell To Cut About 6,600 Jobs, Battered By Plunging PC Sales
Dell Technologies Inc., facing plummeting demand for personal computers, will eliminate about 6,650 jobs, becoming the latest technology company to announce it will let thousands of employees go.
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Hit By Layoffs, Thousands Of Indian IT Professionals Struggle To Stay In US
IT Layoffs 2023: Thousands of Indian IT professionals in the US, who have lost their jobs due to the series of recent layoffs, are now struggling to find new employment within the stipulated period under their work visas.
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Man Fired After Working For Over 21 Years At Microsoft Shares Heartfelt Note On LinkedIn
Microsoft Corp said on Wednesday it would cut 10,000 jobs by the end of third quarter of fiscal 2023, the latest sign that layoffs were accelerating in the U.S. technology sector as companies brace for an economic downturn.
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Amazon To Wind Down Parts Of Indian Operations, Sack Hundreds: Report
Amazon.com Inc. will wind down parts of its Indian operations, showing that even the crucial growth market with 1.4 billion consumers isn't immune to Chief Executive Officer Andy Jassy's cost-reduction campaign.
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Donald Trump Urged To Suspend H-1B Visa Program After Job Loss Amid COVID-19 Layoffs
A US body representing American technology workers has urged President Donald Trump to suspend for this year the H-1B visa programme, the most sought-after among the Indian IT professionals, to protect their interests amidst the massive layoffs in the country due to the coronavirus pandemic.
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Walmart Fires 56 India Executives Including 8 From Senior Management
Walmart has laid off 56 of its India executives as it restructures business in the country. Walmart is looking for ways to operate more efficiently, which requires it to review its corporate structure "to ensure that we are organized in the right way", said Krish Iyer, president and CEO of the US-based retail major's India unit. The fired executive...
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Nissan India Lays Off Over 1710 Employees As Part Of Global Exercise
Japanese auto giant Nissan announced earlier this week that it will downsize its workforce globally by firing 12,500 employees. This includes the manufacturer's India operations as well. A report by ETAuto states that over 1700 employees from the Indian subsidiary will be axed from the company, contributing 13.68 per cent to the total job cuts. How...
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Reskill Yourself, Hiring Specialist's Message To Mid-Level Indian Techies
TeamLease projects the IT employment to rise from the current level of around 3.5 million to 6 million in 10 years.
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India's Job Confidence Outlook Highest in Asia Pacific Market
A majority of Indian professionals - 84% - favourably viewed their job and economic situation in the next six months, according to the Michael Page Job Applicant Confidence Index Q2 2017.
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Indian IT Going 'Increasingly Digital'. Jobs, Skills That Will Be In Demand
There have also been reports of layoffs by many IT companies, even though the industry has denied the allegations.
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Big Data Jobs In High Demand; Amazon, HCL, IBM Among Top Recruiters: Study
Increase in the number of jobs available in analytics is nearly twice that of the previous year, according to the Analytics & Data Science India Jobs Study 2017.
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Paytm Payments Bank Said to Cut About 20 Percent of Staff as Business Halt Looms
Indian digital payments firm Paytm plans to cut close to 20 percent of staff at its banking unit amid uncertainty over the unit's future due to a looming central bank deadline for it to halt most operations, two sources said.
-
Micromax Exploring Electric Vehicle Venture Following Decline in Smartphone Sales, Layoffs: Report
Micromax is reportedly working towards foray into electric vehicles (EV) market in India, after the smartphone maker has faced stiff competition from Chinese brands. The firm's upcoming venture will initially focus on two-wheeler EVs, according to a report, suggesting it will compete with Indian brands in a crowded market.
-
"Placement Trend Good": IIT-Madras Amid Worry Over Mass Layoffs
Amid news of job cuts by multinational companies globally and in India, Indian Institute of Technology, Madras has said that "it is not facing any dip in placements".
-
Dunzo Secures $75 Million in Funding, Lays Off 30 Percent of Its Staff as Part of Business Revamp: Report
Indian online delivery platform Dunzo has secured funding of $75 million (roughly Rs. 614 crore) through convertible notes and is laying off about 30 percent of its staff as it plans a revamp of its business model, the Economic Times reported on Thursday.
-
Dell To Cut About 6,600 Jobs, Battered By Plunging PC Sales
Dell Technologies Inc., facing plummeting demand for personal computers, will eliminate about 6,650 jobs, becoming the latest technology company to announce it will let thousands of employees go.
-
Hit By Layoffs, Thousands Of Indian IT Professionals Struggle To Stay In US
IT Layoffs 2023: Thousands of Indian IT professionals in the US, who have lost their jobs due to the series of recent layoffs, are now struggling to find new employment within the stipulated period under their work visas.
-
Man Fired After Working For Over 21 Years At Microsoft Shares Heartfelt Note On LinkedIn
Microsoft Corp said on Wednesday it would cut 10,000 jobs by the end of third quarter of fiscal 2023, the latest sign that layoffs were accelerating in the U.S. technology sector as companies brace for an economic downturn.
-
Amazon To Wind Down Parts Of Indian Operations, Sack Hundreds: Report
Amazon.com Inc. will wind down parts of its Indian operations, showing that even the crucial growth market with 1.4 billion consumers isn't immune to Chief Executive Officer Andy Jassy's cost-reduction campaign.
-
Donald Trump Urged To Suspend H-1B Visa Program After Job Loss Amid COVID-19 Layoffs
A US body representing American technology workers has urged President Donald Trump to suspend for this year the H-1B visa programme, the most sought-after among the Indian IT professionals, to protect their interests amidst the massive layoffs in the country due to the coronavirus pandemic.
-
Walmart Fires 56 India Executives Including 8 From Senior Management
Walmart has laid off 56 of its India executives as it restructures business in the country. Walmart is looking for ways to operate more efficiently, which requires it to review its corporate structure "to ensure that we are organized in the right way", said Krish Iyer, president and CEO of the US-based retail major's India unit. The fired executive...
-
Nissan India Lays Off Over 1710 Employees As Part Of Global Exercise
Japanese auto giant Nissan announced earlier this week that it will downsize its workforce globally by firing 12,500 employees. This includes the manufacturer's India operations as well. A report by ETAuto states that over 1700 employees from the Indian subsidiary will be axed from the company, contributing 13.68 per cent to the total job cuts. How...
-
Reskill Yourself, Hiring Specialist's Message To Mid-Level Indian Techies
TeamLease projects the IT employment to rise from the current level of around 3.5 million to 6 million in 10 years.
-
India's Job Confidence Outlook Highest in Asia Pacific Market
A majority of Indian professionals - 84% - favourably viewed their job and economic situation in the next six months, according to the Michael Page Job Applicant Confidence Index Q2 2017.
-
Indian IT Going 'Increasingly Digital'. Jobs, Skills That Will Be In Demand
There have also been reports of layoffs by many IT companies, even though the industry has denied the allegations.
-
Big Data Jobs In High Demand; Amazon, HCL, IBM Among Top Recruiters: Study
Increase in the number of jobs available in analytics is nearly twice that of the previous year, according to the Analytics & Data Science India Jobs Study 2017.
