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Top 5 Indian IT companies lost 69,167 employees in FY24: Report

For the full year FY24, TCS’ headcount was down by 13,249, Infosys’ headcount dropped by 25,994, while Wipro added 24,516 fewer employees in FY24. Tech Mahindra, which reported its earnings on April 25, saw its headcount drop by 6,945.

Jayesh-sanghrajka , Saurabh-govil , Ramachandran-sundararajan , Tata-consultancy-services , Infosys , Wipro , Tech-mahindra , Chief-people-officer-ramachandran-sundararajan , It-services-companies , T-hiring , 4-results , Cs

it hiring: Campus hirings for entry-level IT jobs could even be 50% less this year: Ramani Dathi, Teamlease

"Even for the new talent who are aspiring for jobs in the IT industry, upskilling is now the real need and they have to invest in terms of expanding their own skill set.Almost 60% to 70% of the positions that we used to hire a year back used to be in .NET and Java. But those requirements have now come down to almost 50% whereas all the new requirements, new positions are asking for niche skills like AI and ML and transformative initiatives."

Lucknow , Uttar-pradesh , India , Ramani-dathi , Offering-college , Infosys , Indian-school-of-business , Teamlease-services , Wipro , Info-edge , Leadership-excellence , Operations-officer

IT services firms witness first rise in hiring in 20 months

IT sector consultants said that the conversation for FY25 is still heavily focused on more dilution of the bench, increasing automation, improving efficiency and targeted hiring mostly in niche areas such as AI and GenAI amid continued macroeconomic uncertainty and hardly any signals of demand recovery yet.

Karthik-sridharan , Nitin-bhatt , Wipro , Infosys , Linkedin , It-services , Lt-technology-services , Tech-mahindra , Anil-ethanur , Cloud-architects , Hadoop-engineers , Full-stack-engineers

Muted revenue growth prompts large US banks to slow down IT spending

Technology spending in the banking, financial services and insurance sector is expected to bounce back as monetary policy begins to loosen globally, but unless client budgets increase significantly, the risk of revenue-growth disappointments remains.

India , Infosys-ltd , Tata-consultancy-services-ltd , Consultancy-services-ltd , Institutional-securities , It-companies , It-services-companies , Large-us-banks , Bfsi-sector , Bfsi-vertical , Tcs

Work from office all five days or your appraisals will suffer, TCS tells employees

India's largest IT services firm wants to return to a 100% work-from-office model as it believes new employees have missed out on “workplace essentials” such as mentorship, team building, and collaboration thanks to the two years of lockdowns.

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They help drive global pharma revenue - Times of India

India Business News: Indegene, a technology services company founded in 1998, focuses on the life sciences industry. Rajesh Nair, Gaurav Kapoor, Anand Kiran, and Sanjay Pa

Thiruvananthapuram , Kerala , India , Bengaluru , Karnataka , Ahmedabad , Gujarat , Sanjay-parikh , Manish-gupta , Anand-kiran , Gaurav-kapoor , Rajesh-nair

Global capability centres shell out premium to hire top talent

The MNCs are also moving an increasing number of global and senior-level roles to the GCCs in India. This is prompting them to woo top talent by paying higher than the compensation offered by many in the technology industry including products, services and tech-enabled startups (barring a handful of large IT firms), they said.

Lucknow , Uttar-pradesh , India , Offering-college , Programme-in-fintech , Indian-school-of-business , Boosting-courses , Applied-risk , Global-capability-centres , Hire-top-talent , Salaries

L&T Technology Services: Too bold to handle?

For LTTS, to meet the implied quarterly growth rate of 4-7% for Q4FY24 might be challenging given the macroeconomic conditions.

India , Infosys , It-services , Wipro , Nomura-financial-advisory , Lt-technology-services , Ltts , Ltts-q3-earnings , Ltts-earnings , It-services-companies , Hcl

IT services companies: After a dry spell, IT sights green shoots with higher budget for 2024

IT budgets for calendar 2024 are expected to go up by 9% compared to a mere 2% growth in 2023 budgets, research and analysis firm HFS Research told ET.

United-states , America , Phil-fersht , Anshuman-bharati , Peter-bendor-samuel , Rajesh-nambiar , Ravi-menon , Northwestern-university , Accenture , Offering-college , Indian-school-of-business , Infosys

Retrenchment gains: Outplacement firms rake it in as companies try to soften layoff blows

IT companies and startups that have had to resort to layoffs are paying outplacement services firms ₹40,000 to ₹2 lakh per employee to ensure a smooth sendoff

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