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
Details of Indian Government pension fund and frequently asked questions (FAQ) May 4, 2009
Posted by Sachin Gupta in Investment Advices.Tags: Pension Fund, ULIP
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Indian government has announced government controlled pension funds for every citizen of India. This fund has been launched from 1st May 2009 and will be regulated by government and will be least costly for individual’s pocket. Why to wait? Start investing lump sum money in these pension funds from right away. Please read on to get more information and frequent update.
Read full article at and FAQ at
BJP seems to be killing Mulayam Singh, Lalu Prasad Yadav and Ram Vilas Paswan in their election game plan with their secret weapon, Kalyan Singh. May 3, 2009
Posted by Sachin Gupta in Politics.Tags: Election 2009, Indian Politics
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It seems that it was a deliberated move by BJP (Bhartiya Janta Party) to move Kalyan Singh to Samajwadi Party. BJP was very much aware that Mulayam Singh will surely lose Muslim votes in Uttar Pradesh because of his closeness with Kalyan Singh, ex-chief minister of UP.
But BJP has got bonus in this game by causing major heart pains to Lalu Prasad Yadav and Ram Vilas Paswan just by getting cozy with Mulayam for their so called fourth front. Lalu has realized their upcoming heavy losses in Bihar and started arguing back with Mulayam Singh and Kalyan Singh over Babri Mosque demolition in 1991.
BJP, Nitish Kumar and Kalyan Singh realized last year that NDA front will be more benefited by moving Kalyan Singh to Mulayam, Amar Singh camp than asking Kalyan Singh to work for BJP win in Uttar Pradesh.
Pinnacle was reached on May 2nd when Kalyan Singh started accusing BJP for Babri Mosque demolition and argued back to few media channels he was kept in dark till the last moment of Mosque demolition. He is also accusing BJP that he was a mere toy in the hand of few known persons of ‘upper castes’, who never liked Kalyan Singh because of his back ward class. What a classy act, Mr Kalyan Singh? You should be in Bollywood. Dunno what you are doing in politics now when there is nothing left for you.
Kudos to BJP and Kalyan Singh, What a lovely ‘check-n-mate ‘game they played with Yadav brothers.
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
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
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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
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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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