Cognizant Technology Solutions (CTS) adds tough condition for campus recruits. Will give jobs only if you pass test but No layoffs in iGate. Btw, iGate is freezing hiring till Q3 April 23, 2009
Posted by Sachin Gupta in Company News, Layoffs, Technology.Tags: CTS, freshers, iGate, Layoffs
add a comment
Cognizant Technology Solutions has come up with a three-month e-learning programme that its new hires must compulsorily complete before they can join the company.
Software firm iGate today said it has put a freeze on hiring till the third quarter of the current calendar year, when it expects a bounce-back in the global economy. Reat at http://itnews.idlefolks.com/igate-is-freezing-hiring-till-q3-but-no-layoffs-in-igate
Wipro and Oracle indulge in shopping spree. Nokia to sold its enterprise mobile TV unit to Wipro Technologies. Oracle acquires Sun Microsystems finally. May layoffs 5000 employees from combined entity. April 23, 2009
Posted by Sachin Gupta in Company News, Technology.Tags: Acquisition, Nokia, Oracle, Sun, Wipro
add a comment
Nokia has sold its enterprise mobile TV unit to Wipro Technologies. Wipro also confirmed that it has purchased Nokia Mobile TV Broadcast Solution, offering enterprise mobile TV solutions. However, the tech major has declined to put a value to the deal.
Oracle Corp plans to enter the computer hardware market by buying Sun Microsystems Inc for more than $7 billion, swooping in after Sun’s talks with IBM fell apart.
Yahoo will layoff 5% of workforce or 700 more jobs. Announced mandatory shutdown for one week. April 23, 2009
Posted by Sachin Gupta in Layoffs.Tags: Layoffs, Yahoo
add a comment
Not so good news from Yahoo again. Yahoo Inc said it would cut 5 per cent of its global workforce (nearly 700 jobs) and reported quarterly results that showed progress towards controlling costs, sending shares higher in an after-hours relief rally.
Read more at
Infosys follows Wipro path. Asks 3500 employees to join Infosys BPO instead of sitting on bench and receiving salary without work. April 19, 2009
Posted by Sachin Gupta in Layoffs.Tags: BPO, Infosys, Layoffs, Wipro
1 comment so far
India’s second largest information technology (IT) services provider, Infosys, has urged its 3,500-odd employees currently ‘on the bench’ (without any project to work on) to move to its business process outsourcing (BPO) arm, while remaining on the parent company’s rolls.
Yahoo Inc is gearing up for its third round of mass layoffs. Cisco may announce 10% workforce reduction or layoffs of 6,600 employees. April 19, 2009
Posted by Sachin Gupta in Layoffs.Tags: Cisco, Layoffs, Yahoo
add a comment
Is it pinkslips time at Cisco? Predicting a significant drop in revenue for the fourth quarter, a JP Morgan analyst has reported that Cisco Systems Inc “could” soon announce a workforce reduction of 10 percent (this could be equal to about 6,600 employees).
http://itnews.idlefolks.com/cisco-may-announce-10-workforce-reduction-or-layoffs-of-6600-employees
Yahoo Inc is gearing up for its third round of mass layoffs in 14 months, signaling the long-slumping Internet company is still struggling to snap out of its financial malaise under a new leadership team.
http://itnews.idlefolks.com/yahoo-inc-is-gearing-up-for-its-third-round-of-mass-layoffs
Infosys cuts variable pay heavily. Cuts up to 58% of Variable Pay or more than 25% of Gross Pay. April 19, 2009
Posted by Sachin Gupta in Layoffs.Tags: Infosys, Layoffs
add a comment
Infosys has cut the variable pay for employees, with the cuts being deeper at the higher levels. For senior executives, the variable pay, which constitutes nearly 50 per cent of their total compensation, has been slashed by 58 per cent.
More can be found at
Indian working for IBM, India get 10% of what US worker of IBM gets for same job. More job cuts (layoffs) at IBM from UK, Germany and Ireland. April 13, 2009
Posted by Sachin Gupta in Layoffs.Tags: IBM, Layoffs
add a comment
International Business Machines Corp plans to cut ‘thousands’ of staff in the UK, Germany and Ireland as it shifts jobs to eastern Europe, China, India and South America, the Observer reported.
Read more at
UBS is planning up to 5,000 more layoffs. April 13, 2009
Posted by Sachin Gupta in Layoffs.add a comment
UBS plans to cut up to 5,000 senior and management jobs in the next few weeks, Swiss weekly SonntagsZeitung said on Sunday, according to Reuters.
More at
http://itnews.idlefolks.com/ubs-is-planning-up-to-5000-more-layoffs
Royal Bank of Scotland (RBS) plans to layoff up to 9,000 people worldwide. April 13, 2009
Posted by Sachin Gupta in Layoffs.add a comment
RBS confirmed earlier rumors with its official statement that it could shed up to 9,000 jobs over the next two years, including 4,500 in the U.K. Royal Bank of Scotland said in a statement today that the layoffs will be spread up to a global staff of 9000, the United Kingdom will be one of 4500 employees have been affected. The bank said that part of the staff because of plans to transfer to a new job because of, the actual number of layoffs may be ‘well below’ that figure.
See more at
http://itnews.idlefolks.com/royal-bank-of-scotland-rbs-plans-to-layoff-up-to-9000-people-worldwide
Recruiters of Wipro got pink slips. Wipro layoffs 33 Human resource (HR) personnels. April 12, 2009
Posted by Sachin Gupta in Layoffs.Tags: Layoffs, Wipro
4 comments
IT companies HR teams too have not been left untouched by pinkslips. According to a web report, Wipro has given marching orders to as many as 33 of its employees who formed the part of the company’s candidate relationship management team.
Full Article can be read here.
