Search Results for: Nasscom

Automation brings another scare: Banking sector may lose '30% jobs in 5 years'

Vikram Pandit went on to explain that advanced technology in the banking sector cuts the need for staff, especially in back office roles and processes.

Sep 13, 2017

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Shortage of skilled digital talent could threaten up to 2 lakh IT jobs in a year: Economic Survey

"The job cuts in IT sector will be between 1.75 lakh and 2 lakh annually for next three years due to under-preparedness in adapting to newer technologies," the survey said.

Aug 13, 2017

TCS, Infosys and Tech Mahindra's workforce dwindles in Q1 FY18; bleak days far from over?

Tata Consultancy Services, Infosys, Wipro, HCL Technologies and Tech Mahindra – which totally had 9,84,913 employees at the end of the quarter ended June 30 saw the number decline by 1,821 people,

Aug 1, 2017

Finally some good news techies! Goldman Sachs is hiring engineers in India

Not just lateral hiring, investment bank Goldman Sachs also plans to enhance its campus recruitment this year by up to 25-30 percent as it aims to embrace technology at a larger scale.

Jul 25, 2017

layoffs, layoffs at it companies, it hiring, it recruitment, layoffs at wipro, layoffs at infosys, layoffs at capgemini, layoffs at cognizant, it stocks, tcs share price, h-1 b visa controversy

Techies in for a rough ride as IT sector gears up for tougher times

While the IT industry created 1.8 lakh jobs last fiscal, it is likely to create about 1.3-1.5 lakh jobs in FY 2018, according to trade body Nasscom. This includes lateral and campus jobs.

Jul 21, 2017

Accenture spending $900 million to re-skill and train its workforce

Accenture is spending $900 million on training and re-skilling its employees, through which it aims to be in sync with newer technologies which in turn will help it land newer businesses.

Jul 19, 2017

india, external trade, merchandise trade, india exports, imports, trade deficit, gold imports, engg imports, fiscal deficit, nirmala

Exports up for 10th month in June, but at slower rate of 4.4%

Cumulative trade deficit almost doubled in June to $40 billion riding on the back of rising gold imports.

Jul 15, 2017

IT layoffs: Re-skilling is the only way to go and online education providers have your back

While Nasscom earlier made an effort to quell the fears of numerous people who were likely to be affected by the sackings, it did say that the best way to retain their jobs would be to "re-skill."

Jul 15, 2017

IT majors to lay off at least 56,000 employees this year [VIDEO]

IT majors Wipro, Infosys, Cognizant, Tech Mahindra are planning to lay off 56,000 engineers this year. The year 2017 witnessed massive IT Sector layoffs in India.

Jul 6, 2017

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IT companies to post muted growth for June quarter: Nirmal Bang analyst

Infosys, TCS, Wipro, Tech Mahindra, Mindtree and HCL Technologies are expected to report mixed results for June quarter, 2017.

Jul 6, 2017

French IT firm Capgemini likely to hire 20,000 workers in India this year

Apart from its plans of hiring employees this year, Capgemini has also re-skilled about 45,000 of its employees until May in a bid to embrace automation.

Jul 5, 2017

IT Layoffs: Employees' union asks Karnataka IT minister to intervene

"The Karnataka state government should soon convene a meeting with IT firms to stop such illegal layoffs," ITEU president AC Kumara Swamy said.

Jun 24, 2017

Gear change: Face IT industry headwinds with the right skillsets

Tech services companies which invested in digital services are likely to be the only ones showing revival in growth rates in future.

Jun 23, 2017

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India's IT exports to grow at lower clip in FY18, shows Nasscom forecast

Nasscom president R. Chandrasekhar says Indian IT exports will grow by 7-8 percent, while domestic business will expand by 10-11 percent, creating 1.5 lakh new jobs.

Jun 22, 2017

Karnataka sees slowdown in IT hiring amid reports of layoffs

Priyank Kharge, Karnataka's IT minister, said that hiring by IT companies stood at 52,500 in 2016-17, down from 61,500 two years ago.

Jun 20, 2017

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