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According to the Naukri JobSpeak Index Report, There has been a decline ofnbsp percent during th...
In the companies have either seen layoffs or hiring slowdown in IT and Tech Industries due to s...
It is expected that the IT hiring slowdown is likely to continue for - quarters. Companies includi...
The online food delivery platform, Zomato offered 1.6 crore salary package to IIT Delhi student and then withdrew it. Hrithik Talwar shared a post on social media platform X (formally Twitter). He has shared a screenshot of the withdrawal letter in his post. The post has gone Viral. The post read, “Zomato came to the […]
Cognizant, one of the world’s leading professional services companies, announced its Q3FY23 financial results. Cognizant total headcount at the end of the third quarter was 346,600, an increase of 1,000 from Q2 2023. However, it is 2,800 less than from Q3 2022 which was 346,800. The voluntary attrition – Tech Services on a trailing-twelve-month basis, […]
India’s IT industry is facing challenges due to macroeconomic challenges like high inflation, interest rates, and banking crisis in the US and European regions. IT giants in India like TCS, Infosys, Wipro, and HCLTech have reported slow hiring and a dip in headcounts in Q2FY24. India’s largest IT major, Tata Consultancy Services (TCS) workforce stood at 608,985 in the […]
The hiring slowdown was always predicted TCS, Infosys, Wipro, and HCLTech announced their Q2FY24 results showing headcount reduction of 21177. An IT services, consulting, and business solutions organization, Tata Consultancy Services (TCS) workforce stood at 608,985 as of September 30, reported a dip of 6333 employees. TCS’s employee base continues to be very diverse, with 35.8% women and 152 nationalities. […]
It is expected that there will be trouble for new graduate engineers as IT hiring hits a 3-year low in FY24. According to various media, it is expected that the Indian IT industry will be recruiting 1.55 lakh new graduates this year versus 3 lakhs in a good year. The figures in the reports suggest that:- The […]
India’s leading telecom provider company, Airtel has onboarded 7,248 new employees in FY23. However, the company had onboarded 4,862 new employees inducted in FY22. Additionally, The company has a budget of Rs 101 million for training its employees in the current fiscal year. In FY22 it has spent 95 million. In the fiscal year 2023, […]
Cognizant, one of the world’s leading professional services companies, announced its June quarter financial results for 2023. Ravi Kumar S, CEO said, “We made continued progress during the quarter amid an uncertain economic backdrop.” “We maintained our commercial momentum, with strong bookings growth of 17% year over year, including roughly a third of in-quarter bookings from large deals,” Ravi Kumar S added. “We also saw […]
According to the Naukri JobSpeak Index report released on Tuesday, the hiring for white-collar jobs in India falls by 19% compared to July 2022. Naukri JobSpeak Index also revealed that the job postings for white-collar hiring in July stood at 2,573, down 8 percent compared to the previous month. “Positive hiring trends witnessed across domestic […]
There will be trouble for new graduate engineers as IT hiring hit a 3-yr low in FY24. According to the Hindu Business Line, it is expected that the Indian IT industry will be recruiting 1.55 lakh new graduates this year versus 3 lakhs in a good year. The figures in the reports suggest that:- The fear of […]
Indian IT services companies, Tata Consultancy Services (TCS), Infosys, Wipro, and HCLTech, reported their Q1 FY 2023-24. In total Tata Consultancy Services (TCS), Infosys, Wipro, and HCLTech have reduced the net employee addition by nearly 18000. HCL HCLTech attrition rate for the quarter remained at 16.3% from 19.5 % in the preceding March quarter of fiscal 2022-23. The company has 223,438 […]
The year 2023 started with the layoff note. The major IT companies have laid off employees, slowing the hiring process, and companies are cutting down the benefits of employees. Infosys has recently announced the results for the fourth quarter the company witnessed a 40% plus fall in net hiring during the fiscal year 2023 vs […]
Due to Inflationary pressures, the Russia-Ukraine crisis, and the US and European banking spiral it is expected that Indian IT companies may cut down the hiring of engineers by around 40 percent year-on-year (YoY) in FY24. Due to the economic uncertainty, layoff wave, and current conditions, there are major possibilities that there is less risk of […]
