Pink slips back at IT cos

Satyam Computers cut jobs

Satyam Computers has just started giving pink slips to its employees, could potentially downsize its workforce by a whopping 4,500 employees.

Wipro Technologies hands out pink slips

Wipro Technologies has put about 4-5% of its workforce, about 2,400-3,000 employees, under the scanner for non-performance.

Patni Computer Systems cut jobs

Patni Computer Systems sixth-largest exporter has laid off close to 400 employees citing non-performance issues.

Software cos giving pink slips to employees

Almost all mid-tier software services companies are tightening the screws on non-performers and are handing out pink slips.

Infosys, goes other way, recruits 25, 000

The country���s second-largest software-services company plans to recruit 25,000 people this year. Infosys may also recruit about 1,000 workers in China in the next two to three years.

Credit Crisis: Wall Street seen losing 30,000 jobs

Total amount of compensation Wall Street pays is equal to almost 35% of all salaries and wages earned in the city.

HP to cut 24,600 jobs following EDS takeover

Hewlett-Packard Co plans to cut 24,600 jobs, seeking to realize savings from its recent acquisition of Electronic Data Systems Corp.