Indian IT majors cut onsite staff

23 Dec 2008 Bangalore: Suffering to counter the economic slump, Indian IT majors are now reducing the number of onsite work force as many major customers tend to cut their IT budgets and focus more on offshore projects to bring down the cost. Largest IT firms in India such as TCS, Infosys and Wipro are cutting back onsite employees between three to five percent and even more depending on the projects, reported The Economic Times. Based on the new trend, onsite roles like manager, requiremen...

More Indian IT majors cut onsite staff »

News Categories

Breaking News

NLP Basic Practitioner Certification Workshop in Hyderabad

To accomplish great things, we must not only act, but also dream; not only plan, but also believe. NLP is the latest buzzword in almost every professional and personal growth workshop. This unique system professes to help translate your dreams and desires into reality. Simply put, NLP connects our words, thoughts and behavior to our goals. Neuro refers to the thinking process; linguistic is language, how we use it, and how we are influenced by it; programming is our behavioral pattern and th...
Submitted by Sudha | Rated 0

Air India asks senior executives to forego salary

Mumbai June 20, 2009:State-run carrier Air India (AI) has asked all executives at the level of general managers and above to voluntarily forego salary and productivity-linked incentives for July. Earlier this month, Air India had announced that it would defer the salary and incentives of all employees for June 2009 by 15 days. "The top management needs to indicate to all employees in the organization that every single paisa which can be saved needs to be saved," Arvind Jadhav, chairman and ma...
Published about 19-06-2009 | Rated 0

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

Mid-size companies are now recruiting

Medium size IT companies are back on lateral hiring as the market conditions are improving. These companies were the first to down curtains on lateral hiring last year because of a sizeable bench and rising salary costs, reports the Business Line. "The mid-caps did see a stock rally and there is confidence in the Indian market," says a Mumbai-based IT recruiter. Dr Pallab Bandyopadhyay, Vice-President and Head, HR, Asia Pac, Perot Systems, says it has been hiring at a steady pace and has to ...
Published about 10-09-2009 | Rated 0