Infosys is riding on ‘negative’ path. Employees’ numbers, revenues and profits are going down quarter by quarter. July 11, 2009
Posted by Sachin Gupta in Company News, Layoffs, Technology.Tags: Infosys, Job Prospects, Recession Impact
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Infosys came up with their Q1 2009-10 results today. Revenue, Profits and total Employees head counts have come down from last Quarter Q4 2008-2009. Infosys had already cautioned the market during their last Quarter result that revenue and Profit will be down in this Quarter but it was worrisome to take note of total head count in the company.
See full article at http://itnews.idlefolks.com/infosys-is-riding-on-negative-path-employees%e2%80%99-numbers-revenues-and-profits-are-going-down-quarter-by-quarter
History (list) of job cuts announced in Britain’s big corporates since March, 2009. July 11, 2009
Posted by Sachin Gupta in Company News, Layoffs, Technology.Tags: Aviva, AXA, BP, BT, Corus, Home Retail, HSBC, Indian IT Industry News, Layoffs, Lloyds, Logica, RBS, Recession Impact
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Layoff meters of UK large companies since March, 2009. This list of layoffs includes British Petroleum, British Telecom, RBS, HSBCm AXA, Corus, Llyods, Aviva and Logica.
Read this article at http://itnews.idlefolks.com/history-list-of-job-cuts-announced-in-britains-big-corporates-since-march-2009
Infosys, Wipro, Mastek and Hexaware innovate to cut costs but jobs in layoff season. Take sabbatical or get trained. May 4, 2009
Posted by Sachin Gupta in Company News, Layoffs.Tags: Hexaware, Infosys, Layoffs, Mastek, Wipro
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HR personals in Infosys, Hexaware, Wipro and Mastek have become innovative and trying to find the alternatives to layoffs unlike western IT companies. One of these alternatives is taking long sabbatical with major cut in salaries like what Infosys and Mastek did. It could be creating ‘virtual bench’ by Mastek where employees will take severe cut in salaries and get trained in technologies.
Read more details of this news at
Yahoo layoffs in India and recruits as well. Wipro and Freescale is also firing in India. May 4, 2009
Posted by Sachin Gupta in Company News, Layoffs.Tags: Freescale, Layoffs, Recession Impact, Wipro, Yahoo
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Global search engine player Yahoo, which recently announced a five per cent lay-off globally, is learnt to have asked around 60 employees from its Bangalore-based R&D centre to quit the company. The California-based company is also planning to hire 130 professionals in India in areas like product engineering.
Read more and uptodated news on layoffs at.
http://itnews.idlefolks.com/tag/layoffs
Freescale Semiconductor, Texas-based computer chipmaker, has decided to retrench around 250 professionals at its Bangalore centre, as the company seeks to lower its operational costs by shutting down several manufacturing units across the globe and trim its payroll.
Last week, according to company sources, an indefinite number of Wipro employees have been laid off by the company. An employee, who has been laid off says, “Last week, around 300 employees were laid off on one single day.”
Many more news of Wipro at
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
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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
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
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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.
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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
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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
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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
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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
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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.
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