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DIP IN ATTRITION
Jio preps May IPO; Wipro slips after resultsJio Platforms is edging towards a long-awaited IPO as markets wobble amid Iran tensions. This and more in today's ETtech Top 5.- India Inc's attrition rates in 2024 hit lowest point since 2020 amid subdued hiring environment, market uncertaintiesAttrition levels in India Inc dropped to 17.4% in 2024, the lowest since 2020, due to reduced hiring, layoffs, and economic uncertainty. Th...
- Wipro headcount falls by 9.5% in FY24IT services company Wipro on Friday reported an 8% year-on-year (YoY) fall in consolidated net profit to Rs 2,835 crore for the quarter end...
- TCS, Infosys report dip of about 12,000 employees in Q3TCS’ headcount reduced by 5,680 sequentially, while Infosys’ headcount dipped by 6,101.
- Attrition levels drop as executives stay put in uncertain business environmentAttrition rates at India Inc decreased to 17% in 2023 from 19.7% in 2022, influenced by a subdued job market, macroeconomic challenges, sec...
- Top four IT companies add just 1,940 employees in Q3Attrition also drops sharply; experts feel ongoing slowdown in IT hiring to deepen in coming months
- Wipro Q3 earnings: 6 key takeaways for Dalal StreetWipro won deals worth $4.3 billion in the quarter, up by 26% YoY, with large deal bookings rising by 69% YoY. The growth in large deal book...
- Wipro reports negative headcount growth, attrition inches lowerThe company onboarded 3,000 freshers so far in Q3 against its FY23 fresher target of 30,000 candidates.
- Wipro Q3 Preview: Here are 5 major metrics that Dalal Street will watch out forWipro’s peers Tata Consultancy Services and Infosys reported strong numbers for the third quarter, with the latter also raising its revenue...
- As attrition drops, Indian IT majors eye higher marginsAttrition rate over the past 12 months has dropped to 17-18% across the sector, say experts.
- Mindtree shares rise over 4% on Q2 resultsBoth its top line and bottom line were above the ET Now poll estimates of Rs 3,320 crore and Rs. 476 crore, respectively.
- Mindtree Q2 Results: Profit jumps 28% YoY to Rs 509 cr; beats St estimatesBoth the topline and bottomline were above ET Now poll of estimates of Rs 3,320 crore and Rs. 476 crore, respectively.
- HCL sweetens deal for freshers with better payHCL Tech reported an operating margin of 18% for the quarter ended March 31 and 18.9% for the full fiscal year, which were at the lower end...
- Wipro rewards 20% of its employees a 16% hike in salaryThe software company believes will help it retain its best-performing employees as overall attrition rates increased during the first quart...
- Looking at annual growth rate of 30 per cent: Upinder Zutshi, Infinite Computer SolutionsIf you look at the last two quarters' performance, both revenue and operating margin have been pretty much in line with the guidance that w...
- Wipro's attrition rate falls by 6.5% y-o-yWipro said its attrition rate for past 12 months was 14.6%, a dip of 6.5% from the same period last year. On a sequential basis there has b...
- Wipro gives 8% salary increase to offshore employees and 3% to onsite employeesThe company has also rolled out their first round of promotions and its gross utilisation for the quarter is 68.3%.
- High attrition rate hits IT companies' bottomlinesIndian IT cos are finding it hard to recruit and retain employees as recovery takes a definite shape. And their bottomlines are getting hit...
- IT attrition rate dips to three-year lowThis is partly because the number of new jobs being created has dropped, and partly because even when new jobs are available, companies are...
- Global slump to hit Indian job mktIndian economy may be riding high but the global meltdown has had an effect on both employment and business outlook in India. Tips to manag...
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