Latest Hiring Slowdown HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Hiring Slowdown.
Cognizant, one of the worlds leading professional services companies, has announced its first...
Today, French IT major Capgemini reported a consolidated Q ending March financial results. The...
A leading global information technology, consulting, and business process services company, Wipro ha...
In FY24, India’s top IT giants, TCS, Wipro, & Infosys collectively reported a drop in headcounts by 63,000 employees. This reflects the impact of a weak global demand environment and clients’ constrained tech spending. Despite the sequential drop in headcounts, Q4FY24 sounds encouraging and motivating in terms of revenue and order books. It gives a […]
Yesterday, Friday, April 12, Tata Consultancy Services (TCS), India’s leading IT services firm announced its fourth quarter, Q4FY24 March ending financial results. Highlights Commenting on Q4FY24, K Krithivasan, Chief Executive Officer and Managing Director said, “We are very pleased to close Q4 and FY24 on a strong note with the highest ever order book and a 26% […]
As per the recent reports on the Impact of the global economy on Jobs, the Market is such that there is a decrease in Campus Placements. The COVID-19 pandemic severely disrupted the job market. While the overall economic recovery appears to be on track, the job market hasn’t fully bounced back. Many sectors are still […]
One of the world’s leading IT giants, Cognizant has announced its fourth quarter and full-year 2023 financial results. Highlights Ravi Kumar S, Chief Executive Officer, said, “I’m grateful to our nearly 350,000 employees for their tremendous year-long work enhancing our strength as industry experts, collaborative partners, and passionate innovators for our clients.” “To keep advancing […]
As per the reports of the ET, India’s IT services provider company, Wipro to sack hundreds of mid-level employees to improve margins Wipro currently maintains the lowest profit margins among the top four IT services companies listed in India. Below is the comparative Net Profit in crore Company Q1FY24 Q2FY24 Q3FY24 TCS 11,074 11,342 11,058 […]
So far in 2024, there have been 176 layoffs at tech companies with 38,003 people being laid off (1,267 people per day). In 2023, there were 1,996 layoffs at tech companies with 428,384 people impacted (1,174 people per day). In 2023, most of the layoffs were because of overhiring in the Pandemic and tech companies were right-sizing the headcounts, and some microeconomic situations. And, in early […]
Amid the global uncertainties and layoffs, IT and tech companies are either skipping or rethinking college campus hiring. The bulk recruiters are facing a weak demand environment and an excess freshers’ bench. Recently, Infosys Chief Financial Officer Nilanjan Roy said, “We continue to monitor the utilization and our flexi hiring model and at this stage of […]
In the third quarter that ended on December 2023, IT majors including Wipro, TCS, and Infosys headcount decreased by over 16000 in Q3. The only IT company, HCLTech has seen a positive headcount addition. In this report, we are trying to explore Hiring Trends in the IT Industry for 2024, with HR Experts. In the […]
