about 10 months ago - 1 comment
Microsoft has laid off 1 per cent of its India workforce on May 5. This move is part of the global software maker’s second wave of layoffs. Microsoft India has sent notices to its employees in Bangalore and Hyderabad that it would be eliminating their jobs.
It is not clear which groups of the Indian operations [...]
about 1 year ago - No comments
Tata Consultancy Services (TCS) has decided to layoff around 1,300 employees or 1 per cent of its global workforce this year. About 100 employees have already been fired in Chennai alone in the last two weeks.
This comes in the wake of recent announcements by the company’s MD S Ramadorai 10 days back that variable pay [...]
about 1 year ago - 2 comments
Wipro is going to take all the 8000 fresher to whom the offer is made but the joining is likely to be delayed and it can go to next year, a senior official of the company said.
“They are going to come out in June or July… They will come as and when we actually need [...]
about 1 year ago - No comments
Citigroup Inc., the US bank with the most employees, plans to layoff 53,000 employees and cut expenses by 20%. This is the biggest cut so far by a financial institution since the economic crisis began and the biggest layoffs in the US since the automobile industry laid off almost 80,000 workers in 1980.
CEO Vikram Pandit [...]
about 1 year ago - No comments
Today on the occassion of diwali NSE and BSE both are conducting muhurat trading, but mood of both invester and broker is sombre.
“No miracle is going to happen in the markets just because it is Diwali. We do not expect clients to conduct any big trades,” said Anita Gandhi, head-institutional business, Arihant Capital Markets.
BSE and [...]
about 1 year ago - 6 comments
TCS, the big IT company started it on Feb 2008 with the layoff of thousands of employee, then Wipro and Satyam. Report says wipro layoff 2500 employees and Satyam 4500 employees. All of them has given the same reason “unable to meet the performance requirements of the company”. It seems the days of pink slips [...]
about 1 year ago - 1 comment
Hewlett-Packard Co. said on Monday that it plans to slash 8% that is 24,600 jobs over the next three years, seeking to realize savings from its recent acquisition of Electronic Data Systems Corp (EDS). Nearly half of the job reductions will take place in the United States, the Palo Alto, California-based company said. EDS was [...]
