Page 40 - It Sector News Today

The mass layoffs by tech companies have made landlords in Bengaluru jittery about taking on tenants from the IT and startup sector. Employees of such companies are struggling to cope with the ever-changing demands of the landlords.

‘Life sciences, manufacturing remain unaffected by covid, slowdown’

Best Media Info: As per the software services company, these layoffs are directly impacted by ‘currency headwinds’ and ‘wage inflation’ and that the 19,000 employees that are going to be impacted by the layoff| Marketing News

A recent research report indicates that there will be 44,000 job vacancies for IT professionals on the domestic labour market within a year or two, as they are

Nasscom says the sector added 290,000 new jobs in FY23 to take headcount to 5.4 mn.

According to Rishad Premji, Wipro has taken a call to shift to trust rather than control when it comes to accountability and productivity on working from home.

The Indian tech sector has been gaining prominence in terms of its contribution to the overall economy, employment, innovation, and resilience, as per the report.

Wipro recently reached out to candidates to whom it had earlier rolled out an offer of Rs 6.5 lakh per annum (LPA) asking them if an offer of Rs 3.5 lakh in annual compensation would be acceptable to them

This is particularly noteworthy at junior levels where the non-merit increase projections are as high as 3.3 per cent, the findings showed. -- aaa

As the world emerges from the pandemic era, over-hiring, cost pressures and funding challenges have posed fresh problems for companies. According to projections, about 20,000 job cuts are expected over the next six months with certain profiles more at risk.