Infosys is riding on ‘negative’ path. Employees’ numbers, revenues and profits are going down quarter by quarter.
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 [...]
Read Full Post | Make a Comment ( None so far )History (list) of job cuts announced in Britain’s big corporates since March, 2009.
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
Yahoo layoffs in India and recruits as well. Wipro and Freescale is also firing in India.
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 [...]
HCL Tech cuts 25% salary for benchers. Freezes salary and cuts retainer bonus and onsite allowances.
Salary freeze and a cut in variable pay seem to be increasingly becoming a rule at IT companies. Following in the footsteps of its global and national peers, IT major HCL Technologies has announced a salary freeze and bonus cutbacks for all its employees through 2009-10.
Read more details about HCL Tech cutting retainer bonus and [...]
