Cognizant

After reports of massive layoffs, job portals flooded with resumes seeking IT jobs

While consultancies too have been busy dealing with these resumes, it is mostly the online job portals that seem to be the go-to place for those who have recently been laid off.

May 25, 2017

IT layoffs: Nasscom says IT sector still hiring but warns employees to 're-skill or perish'

Nasscom revealed that the companies added about 1.7 lakh jobs in the 2016-17 period and also said that the IT giants can be expected to hire about 1.5 lakh employees this year.

May 19, 2017

IBM India refutes reports of mass layoffs in the coming months; appraisal may affect a few

IBM India has about 1,50,000 employees in the country and it was earlier said that about 5,000 of them were likely to be shown the door in the next few months.

May 17, 2017

IT Layoffs: 56,000 employees with 7 IT firms, including Infosys and Wipro, could lose jobs in 2017

After Infosys, Wipro, Cognizant, Capgemini and Tech Mahindra made news for cutting jobs and deferring appraisals, it is estimated that 56,000 IT employees could lose their jobs this year.

May 13, 2017

IT layoffs: Are slow growth and automation responsible for mass job cuts in the sector?

IT giants like Infosys, Wipro, Cognizant, Tech Mahindra and Capgemini have made news for the reported layoffs, which seem to have a lot to do with the slow growth in the sector and automation.

May 13, 2017

Infosys delays salary hike until July, wait could be longer for senior employees: Report

Infosys employees with less than eight years of experience can expect a hike sometime in July, while those with more experience could expect a hike in the next quarter.

May 12, 2017

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IT layoffs: After Cognizant and Infosys, Tech Mahindra likely to sack over 1,500 employees

Tech Mahindra may hand out pink slips to over 1,500 employees for poor performance but it is yet to be revealed whether the decision will affect workers across the board or only at certain levels.

May 11, 2017

French IT company Capgemini reacts to reports of large-scale layoffs

In response to media reports that it is laying off about 9,000 employees, Capgemini issues a formal statement on Tuesday evening.

May 9, 2017

Cognizant going the Infosys way? CTS may lay-off 6,000 Indian employees to hire in the US

Cognizant hiring employees in the US might be a way to appease the Trump administration, which has been vocal about its displeasure over US firms outsourcing jobs to other countries.

May 8, 2017

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Cognizant to lay off thousands of employees

American IT company Cognizant is planning to lay off more than 5,000 employees; the company has 2.44 lakh employees globally, including 1.50 lakh in India.

Mar 20, 2017

Indian IT firms unrattled by proposed US H-1B, L1 visa curbs

Many Indian IT firms believe that they have reached a stage where they can smoothly adapt to alterations in US immigration rules.

Jan 13, 2017

Nasscom hints at lowering revenue guidance for FY 2017; IT stocks down

The earlier revenue growth estimate for fiscal 2017 given by IT industry body Nasscom was 10-12 percent.

Oct 27, 2016

Wipro plans to set up Special Economic Zone in West Bengal

The Board of Approval will take up Wipro's application on June 22.

Jun 17, 2016

IT companies Q4 results India Inc call center corporate earnings

IT jobs to drop 20% in FY17: Nasscom chief

Nasscom chairman C P Gurnani attributes the drop to IT companies automating processes.

Apr 22, 2016

Top Indian IT firms eye $100 billion IT outsourcing contracts

TCS, Infosys and other Indian IT firms are gearing up for outsourcing contracts worth $100 billion, up for renewal next fiscal, says ET.

Mar 28, 2016

Automation erased 25% of new IT jobs in 2015: Report

The combined new job offers made by India's top five IT firms declined 38% in the Oct-Dec quarter, Centrum Broking said.

Feb 27, 2016

Infosys eyes 16% revenue growth next fiscal

Industry body Nasscom, however, cut its growth estimate for the sector to 10-12 percent for the next fiscal amid growing macroeconomic uncertainty and currency fluctuations.

Feb 22, 2016

IT shares plunge after Cognizant lowers guidance for March quarter

The sell-off in IT stocks is also partly due to weakness in the benchmark indices.

Feb 9, 2016

Cognizant Q4 profit up 17%, revenue guidance for March quarter lowered

Cognizant estimated its revenues to grow in the range of $13.65 billion to $14.20 billion in 2016.