Recent Event Highlights: Wipro lay off 33 employees, See 5% price cut as worst-case scenario: Wipro - Moneycontrol.com, Slowdown woes: Hexaware cuts employees' salaries - Moneycontrol.com, TCS lays off UK Staff; Infy, Wipro to cut onsite staff - Siliconindia.com, Infy admits to price revision, IT disarray continues - Moneycontrol.com, and 8 more...
Created by dipity on Mar 5, 2009
Last updated: 06/10/10 at 05:02 AM
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...employees who were part of company's candidate relationship management team. It seems now even the HR teams are too not spared of layoffs and pink slips. The laid off employees were particularly responsible for talent acquisition. But as recession hit company...
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OneIndia
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Top Management in Indian Companies must cut their own salaries to Save jobs at the bottom of the corporate India pyramid ---Sangliana Speaks
Wipro tightens the screws on hiring, says annual guidance from IT companies may not be a viable thing to do anymore.
Moneycontrol.comSee 5% price cut as worst-case scenario: WiproMoneycontrol.com, IndiaQ: First a word on these rumours or talk that has been doing the rounds a very large scale lay off that Wipro might be looking at, would you want to comment on that? A: No, I can imagine that there is a lot of concern because of the slowdown in the IT ...Low Billings Ok to Keep Clients: Wipro CXOToday.comall 3 news articles
http://www.moneycontrol.com/india/news/business/see-5-price-cut-as-worst-case-scenario-wipro/387740
Moneycontrol.comSlowdown woes: Hexaware cuts employees' salariesMoneycontrol.com, IndiaHit hard by the global slowdown, IT companies around the world — and including in India — have resorted to employee layoffs and salary cuts in a bid to cut costs. Reports said leading Indian tech companies like Infosys, TCS and Wipro have resorted to ...
http://www.moneycontrol.com/india/news/business/slowdown-woes-hexaware-cuts-employees-salaries/387744
Business LineThe ‘drop’ can only get biggerBusiness Line, IndiaCiti Group recently sold its BPO arm CGSL to TCS and its infrastructure management arm Citicorp Info Tech to Wipro. Does the sell-off trend worry Polaris in which Citi holds about 43 per cent? No, says Gupta, “Citi’s investment in Polaris is through ...
http://www.thehindubusinessline.com/ew/2009/03/02/stories/2009030250100300.htm
Siliconindia.comTCS lays off UK Staff; Infy, Wipro to cut onsite staffSiliconindia.com, IndiaA TCS spokesperson confirmed the layoffs to ET. "To stay competitive and drive internal efficiency in a difficult operating environment, TCS UK has decided to optimize its operations. This has resulted in some involuntary attrition affecting fewer than ...
http://www.siliconindia.com/shownews/TCS_lays_off_UK_Staff_Infy_Wipro_to_cut_onsite_staff-nid-53020.html
FrontlineHigh and dryFrontline, IndiaEven market leaders such as Infosys Technologies are mulling over pay cuts, while Wipro, another IT behemoth that recruits thousands of engineering graduates every year, increased its pay by 7 to 8 per cent this year compared with its usual 12 to 14 ...
http://www.frontline.in/stories/20090313260501400.htm
IT ExaminerUnions' xenophobic stance poses big threatIT Examiner, IndiaCompanies like Genpact, First Source, Wipro and Transworks (which is presently known as Aditya Birla Minacs) are building capabilities in other countries. Sometime back, there were 13 different Indian BPOs present in Philippines. ...
http://www.itexaminer.com/unions-xenophobic-stance-poses-big-threat.aspx
Moneycontrol.comInfy admits to price revision, IT disarray continuesMoneycontrol.com, India... attrition — that’sa euphemism for employee layoff. The tech major added that it could tweak the variable pay, which makes up for 6-7% could be tweaked downwards. TCS is also leveraging its platform-based BPO for many clients. Wipro is focussing on ...
http://www.moneycontrol.com/india/news/business/infy-admits-to-price-revision-it-disarray-continues/385812
IT ExaminerWest Bengal optimistic over Infosys plantIT Examiner, IndiaThe recent Nano pull-out owing to strong political opposition has worried some major IT companies, including Wipro, which were headed towards West Bengal. Speaking to media at the ISA Vision Summit, Bengal's minister for information technology and ...
http://www.itexaminer.com/west-bengal-optimistic-over-infosys-plant.aspx
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...Since attrition is calculated for the last 12 months, you will see a higher percentage even in the third," he said. At Wipro, the layoff 'news', which has been spreading through the informal grapevine, coincides with the performance-rating exercise the company...
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Business Week
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http://rss.businessweek.com/~r/bw_rss/asiaindex/~3/438194614/gb20081031_962546.htm
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...attrition is calculated for the last 12 months, you will see a higher percentage even in the third,” he said. At Wipro, the layoff ‘news’, which has been spreading through the informal grapevine, coincides with the performance-rating exercise the company...
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Economic Times
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http://economictimes.indiatimes.com/News/News_By_Industry/Jobs/Now_techies_spooked_by_fear_of_layoffs/rssarticleshow/3656549.cms
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