Obs 94089 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The ever-booming Indian IT industry seems to be grappling with a new problem—moonlighting. Weeks after Wipro voiced concerns over employees “two-timing” their job, Infosys, too, came out with a warning to its workers, saying that such practice would lead to termination. Moonlighting is a practice whereby employees take up secondary jobs in addition to their primary job, under certain conditions.

More than 900 employees in the US and India of a mortgage lender company were fired abruptly by the CEO during a three-minute Zoom call. According to CNN, Better.com CEO Vishal Garg made the announcement on Wednesday saying that about 9 per cent of its workforce have been laid off. “I come to you with not great news. The market has changed and we have to move with it in order to survive, so that hopefully, we can thrive and hopefully, deliver on our mission,” he said as he began the grim announcement.