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TCS likely to shift 20 percent of U.S staff to India
Mumbai: Tackling the ongoing recession, India`s largest IT exporter Tata Consultancy Services (TCS) is looking to shift 20 percent of its onsite workers in U.S., to India, realizing that offshoring is a better option in times of downturn. The company, which has been witnessing a dip in the clients` onsite requirements due to financial crunch, has realized that keeping a large workforce in U.S. would not be a good move, reported The Economic Times. A person familiar with development said...Submitted by Sasmita | Rated 0
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Motorola slashes 500 jobs in India
Bangalore: The employees of Motorola in India are gravely affected by its job cuts plans with 500 employees being fired from its Bangalore and Hyderabad units. The move comes as part of the company`s plans to slash around 4000 jobs worldwide. "We are aligning our mobile devices business in response to market conditions. So our focus will be on cost reduction, leveraging existing portfolio, and delivering smartphone products," Motorola spokesperson told The Times of India. The company has ado...Submitted by Sasmita | Rated 0
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Infosys to hire 27,000 by March
BANGALORE: Infosys Technologies said it will hire around 27,000 professionals by March this year, up from around 25,000 annual hiring the firm had projected earlier. For the third quarter ending December 31, 2008, Infosys had made a gross addition of 5,997 with the net intake being 2,772. “We will be honouring every offer that we have made, in fact for the incoming freshers, we have sent letters telling them what period they would be joining,” said Infosys HR head TV Mohandas Pai . Th...Submitted by Chandra | Rated 0
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Crisis could claim 50 million jobs by end 2009: ILO
GENEVA: Two years of global financial and economic meltdown could make over 50 million more people unemployed by the end of this year, the International Labour Organisation (ILO) warned on Wednesday. New estimates indicate that "global unemployment in 2009 could increase over 2007 by a range of 18 million to 30 million workers, and more than 50 million if the situation continues to deteriorate," the ILO said in a statement....Submitted by Chandra | Rated 0
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Hemorrhaging Talent? Think Three Letters: RPO
With the steep rise in the attrition rates and higher job expectations, continuous selection and recruitment have become an inseparable part of the human resource management. Recruitment is a specialised area due to the complexity and techniques involved in it. With the growing market in the sub-segment of the business process outsourcing (BPO), human resource outsourcing (HRO) has taken the major share of growth. But gradually the niche segment of recruitment is creating its own market and a...Submitted by Chandra | Rated 0
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MNCs step up hiring in India to boost offshoring
Bangalore: At a time when Indian software services companies are increasingly cutting down their hiring targets due to slowdown, MNCs seem to be on a hiring spree in India. Global players such as IBM, Accenture and Cap Gemini are all set to increase their hiring in the country, reported The Economic Times. Accenture has decided to increase its workforce in India from around 37,000 to almost 50,000 in one year. Atos Origin, a European IT firm is looking to double its India headcount from 3,3...Submitted by Sasmita | Rated 0
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Basco begins Indian operations in Mumbai
Mumbai: In a move to cater to the Indians through Japanese art, Japan based design agency Basco has launched its operations in Mumbai. Tetsu Kimura, Founder & CEO of Basco said, "The Japanese school of design characterized by calligraphy and the use of space characterized in the Zen way of life, will cater to Indian brands as per their target audiences and marketing strategies." The move is triggered by the monumental consumer growth and heightened competition amongst products and services ...Submitted by Sasmita | Rated 0
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80,000 jobs lost globally in a single day
Bangalore: Globally, around 80,000 jobs have been terminated on Monday, January 26. Of this, 61,000 lay-offs happened at construction machinery manufacturer Caterpillar, pharma major Pfizer, telecom firm Sprint Nextel and home improvement retailer Home Depot. The continuous trimming of the workforce indicates that the downturn has hit hard Industries ranging from health care to heavy equipment makers. From the banking and insurance sectors, ING Group has announced the layoff of 7,000 employ...Submitted by Sasmita | Rated 0
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5000 Infosys employees under scanner
Bangalore: As an outcome of the global financial turbulence, Infosys has placed around 5000 employees or five percent of its total workforce under the scanner, globally. About 40-50 sales executives have also been asked to quit in the last two months. The Indian IT giant has told its senior managers (project managers, senior and group project managers, delivery managers) to give the lowest performance rating (4 on a scale of 1-4) to the `underperforming` five percent as a part of the company...Submitted by Sasmita | Rated 0
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A huge IT skills shortage and poor physical infrastructure could threaten India`s position as the leading offshore outsourcing location by 2010.
The report by consultant McKinsey and Indian IT body Nasscom warns that labor market pressures could leave India facing a shortfall of 500,000 IT staff equipped with the skills to work in the offshore outsourcing industry. Jayant Sinha, partner at McKinsey, said that India faces a challenge in maintaining its dominant offshore IT position. "The skills and quality of the workforce need to be improved, since only 25 percent of technical graduates and 10 to 15 percent of general college gradu...Submitted by Chandra | Rated 0
