FII selling crosses Rs 50,000 crore in IT stocks in 2025. Is tech dead money or just misunderstood?FIIs have heavily sold Indian IT stocks in 2025, causing a significant downturn and making it the worst-performing sector. Disappointing ea...
Explained: Why TCS firing 12,000 employees may be a canary in the mine and what it means for investorsTCS's decision to lay off 12,000 employees due to macro uncertainties and AI disruptions has triggered investor concerns, contrasting sharp...
Infosys, Wipro, other IT stocks fall up to 3% as TCS job cuts deepen concerns over sector slowdownTCS shares fell 1.7% to Rs 3,081.60 after the company announced it could no longer redeploy employees whose skills no longer align with its...
Bengaluru's IT layoffs force professionals into menial jobs as Twitter user offers helpTo make ends meet and potentially find new opportunities in his field, one such skilled professional resorted to working as a Rapido bike d...
Layoffs spread to Dunzo, ShareChat, Rebel Foods, and agritech firmsThe latest developments are an extension of what has transpired in the so-called new economy over the last six to eight months. Layoffs at ...
Infosys not in favour of moonlighting, says CEO Salil ParekhIn the last few months, most IT services companies have taken a tough stance on the practice of employees moonlighting, with cross-town riv...
HCL lays off 350 employees working on Microsoft project: reportAccording to reports, the workers, who were employed by HCL's client Microsoft's news outlet MSN, reportedly learned that they have been le...
The ghost of crypto past is back to haunt bitcoinAmid a funding crunch globally, frugality and unit economics are the new buzzwords among startups as they focus more on cutting costs and m...
Tech professionals return to IT companies, captives after start-up dreams lose shineAfter losing talent to startups that had offered fat pay cheques to employees of IT service providers such as Tata Consultancy Services (TC...
HCL Tech looks to small towns to curb attrition, bring stabilitySanjay Gupta, executive vice president of HCL Technologies told ET that Vijayawada is likely to be the next stop with operations expected t...
Donât believe in gloom and doom! IT to remain net recruiter for yearsIf various reports are to go by, aggregate job losses at 7 IT companies will be 56k in 2017.
HCL Technologies to replace employees doing simple software testing with domain experienced staff“People acquiring new skills in new technology areas are the future. So, there will be flattening of the pyramid,” he told ET in an intervi...
Hewlett Packard may axe 800 people in Bangalore after it loses grip on Bank of America accountThe employees being axed belong to level 1, 2 and 3, some of them part of the support team. These levels correspond to expertise in fixing ...
Why layoffs are no longer a matter of stigmaGlobalisation has made executives more familiar with the Western idea that getting laid off is part of market ups and downs.
HCL Technologies Finland may sack 140 employeesThe employees who face job threats are actually former Nokia staff who were transferred to HCL Technologies in March 2013.
- HCL Technologies faces flak in Ireland over employment policy review
HCL is making all increments performance linked and reducing the number of holidays in line with its operations in the UK, a market that th...
- Credit woes: IT cos may cut 25K jobs
The banking, financial services and insurance (BFSI) segment is the largest outsourcing vertical for Indian technology players.