Page 43 - It Sector News Today

Shares of the company are down even as it signed clients worth US$ 302 m during the September 2022 quarter.

Amid economic slowdown Microsoft Corporation joined another technology companies by laying off about 1000 employees across multiple departments

Uncertainty looms in Ukraine's IT sector as they face power outages and internet disruptions amid the ongoing war.

TCS will come up with its final views only after taking into account ‘all the relevant dimensions.’

Prejean claimed in her complaint that the business let her go because she objected to the hiring procedure that treated some applicants unfairly.

Many cases of delay in onboarding have been reported in companies like Wipro, Infosys, HCL Tech, Tech Mahindra and Capgemini.

Right after the issue of IT employees moonlighting garnered attention in India, where many of them were caught doing two jobs at the same time due to the COVID pandemic remote work mode, there is news that IT firms were delaying the onboarding of new recruits by 3-4 months and even rejecting them leading to a fear of an IT recruitment slump in the coming days. As per reports

The tech bubble has burst. These tech behemoths are losing their lustre as they trade at their yearly lows.

IT giants Infosys, HCL Technologies, and Tech Mahindra have also delayed the onboarding of techies. Business Today previously reported that the onboarding had been delayed at Wipro and Capgemini.

Shares of IT majors Infosys, Wipro, and TCS hit their fresh 52-week lows today as Indian markets tanked in line with global equities. High interest rates in the US and other major economies to tame inflation have brought the global economy on the verge of a recession which in turn has roiled sentiment in markets worldwide. Shares of Indian IT companies, which earn a majority of revenue from global clients, have taken a beating this year as the earnings outlook during the looming global recession...