LAYOFFS IN IT SECTOR

LAYOFFS IN IT SECTOR
TCS to up working hours, may freeze variable pay
It's official now. TCS may freeze variable pay and it has also decided to increase employee working hours to 45 hours per week
HCL Technologies lays off 450 staffers
IT services company HCL Technologies has asked 450 employees at its Delhi and Bangalore offices to leave, a majority of those were on the bench.
Apple, Google among 10 US cos that won't cut jobs
Apple, Google & Colgate are doing so well that they are unlikely to fire employees & may even recruit.
Fresh hiring at Wipro only after demand picks up
Wipro Technologies, the country's third largest IT services exporter, has decided not to hire fresh recruits till demand picks up.
Tough times ahead for Infosys employees
Employees of Infosys Technologies may get pay hikes below 10 per cent this year, the company's CFO S D Shibu Lal said.
'Global meltdown has hit IT sector hiring in India'
Infosys Technologies vice-chairman Nandan Nilekani admitted that the global economic meltdown has affected hiring in India's IT industry.
IT firms rejig plan for campus hiring
IT companies now have decided to undertake recruitment only when a batch is about to pass out of college.
Sapient lays off 300 employees in India
Software firm Sapient has laid off 300 employees at its offices in Bangalore, Noida and Gurgaon as a result of the global economic downturn.