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EMPLOYEE ATTRITION LTIMINDTREE
LTIMindtree to roll out wage hikes in Q4; 50% workforce to be covered in first phaseLTIMindtree will begin annual pay rises from Q4 FY26, covering half its staff initially and spreading increases over two quarters to protec...- LTIMindtree Q2 net up 10.1% sequentially, revenue crosses Rs 10,000 croreThe L&T Group’s software services arm posted a net profit of Rs 1,381 crore for the second quarter, up 10.4% year on year, on a revenue of ...
- LTIMindtree Q1 Cons PAT up 11% to Rs 1,254 croreThe software services unit of Larsen & Toubro posted a net profit of Rs 1,254 crore for the fiscal first quarter, when it also saw a margin...
- Top IT firms boost fresher hiring targets on signs of demand revivalThe $254-billion Indian IT industry had shed a record more than 70,000 employees in FY24 as their clients cut tech spends amid a global slo...
- LTIMindtree Q3 net profit slips 7% to Rs 1,085 crore; revenue climbsProfit in the December quarter a year ago stood at Rs 1,169.3 crore. It was lower by 13.2% from Rs 1,251.6 crore in the previous quarter en...
- Top IT companies cut over 72,000 jobs in FY24The top six information technology services companies in India reported a reduction in their total headcount in the last fiscal year, with ...
- Uncertain demand in key markets casts a cloud over LTIMindtree’s prospectsLTIMindtree stock down 9% in 3 months. December quarter revenue growth limited to 0.8%. FY25, FY26 earnings estimates pruned. Revenue rose ...
- LTIMindtree posts 17% rise in profit, revenue up 4.6%Mid-sized IT services firm LTIMindtree reported a 16.9% year-on-year (YoY) growth in net profit at Rs 1169 crore, on a 4.6% rise in revenue...
- LTIMindtree shares climb 5% post Q2 results. Should you buy, sell or hold?The company's board has also approved an interim dividend of Rs 20 per equity share. The record date for the same is fixed as October 27.
- LTIMindtree Q2 Results: Net profit falls 2% YoY; dividend declared at Rs 20/ shareLTIMindtree's revenue from operations, meanwhile, jumped 8% to Rs 8,905 crore in the second quarter. The same stood at Rs 8,228 crore in th...
- Work from office needed to learn ‘TCS way’: CHRO Milind LakkadTCS’s headcount saw a net fall of 6,393 employees in Q2 of FY24, taking the overall headcount to 608,985. Further, the headcount fell by 7,...
- Nil to 1% hikes for LTIMindtree employees after months of delayET could not independently verify the share of the employee base that received such hikes but sources confirmed that a majority of junior t...
- In rough year, IT companies ask employees to work from office more oftenTata Consultancy Services (TCS), LTIMindtree, Wipro, Persistent Systems and others told ET about half their staff have been punching in at ...
- In Q1, headcount at India’s top IT companies shrinks sharpest over past three yearsSix leading Indian IT services companies that have announced first-quarter earnings recorded the sharpest contraction in headcount in the l...
- Headcount at big 4 Indian IT companies dips in Q1ET had previously reported that Q1 headcount growth for the IT majors is expected to be flat, in line with the numbers reported for the Jan...
- LTIMindtree issues clarification to placement heads amid mandatory training rowOver the last week, LTIMindtree had made its IGNITE training programme and assessment tests mandatory for select freshers, mainly those awa...
- Labour union condemns LTIMindtree making training course, tests mandatory for select freshers awaiting onboardingPune-based IT union Nascent Information Technology Employees Senate (NITES) issued a statement condemning the action by LTIMindtree calling...
- Headcount falls in Q3 as tech hiring frenzy gets realThree of the companies — Infosys, HCLTech and L&T Technology Services — ended the December quarter with a higher net headcount, but the emp...
- LTIMindtree Q3 Results: Revenue jumps 25% YoY to Rs 8,620 crore; dividend declared at Rs 20/shareOn the other hand, revenue recorded a YoY growth of 25.3% YoY to Rs 8,620 crore and exceeded expectations. The firm also declared an interi...
- Infosys lays off mid, senior level executivesThe company is letting go of 10% of the workforce, or around 2,200 people.
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