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State Bank of India SBI has planed to hire at-least , people this year State Bank of India S...
Tata Steel Europe is planning to cut , jobs as it faces challenging circumstances ...
In a major relief to Telcos, the government has approved years moratorium on spectrum payment. The...
IT Major Cognizant starts to identify executives from its mid and top tiers for re-skilling and re-training, following plans to optimize the workforce to reduce costs and improve margins. Karen McLoughlin, Chief Financial Officer said, “The Company is in the process of selecting mid- and senior-level resources among the planned 5,000 employees who will be […]
The ‘BSNL Voluntary Retirement Scheme – 2019‘, that was roll out recently, will remain open till December 3, 2019. Under this VRS Scheme, employees above the age of 50 years are eligible to opt for retirement. At least 63 percent or 1 lakh BSNL employees are eligible to opt for retirement under the scheme. According […]
Cognizant Fires an employee Elavarasan Raja holds the position of General Secretary at FITE, which is a registered Trade Union in Tamil Nadu and Maharashtra. Elavarasan Raja has 8 years of IT experience and had joined Cognizant for the last 5 months. He informed Trak.in that his termination letter was received on Tuesday. FITE, The […]
Huawei Technologies will double staff salaries and pay bonuses for helping the Company cope with US sanctions that threaten its smartphone and other businesses. The announcement told employees the bonuses were to “thank you for your efforts” since US curbs on technology sales to Huawei were announced in May. Zheng Liangcai, Huawei’s HR Head, wrote to staff “The company has decided to hand out a ‘Special Award for Struggles’ […]
IT companies are looking to trim their workforce by 5-8% in the coming quarters, mostly at the middle and senior levels. According to recruitment experts, that’s because their margins are shrinking due to pricing discounts, increased US hiring (3x as expensive as desi talent) and the emergence of new technology areas. “The senior project manager or delivery manager […]
IT Major Cognizant announced to hire more than 23,000 science, technology, engineering, and math (STEM) graduates and post-graduates from technical institutions in India in 2020. Cognizant India Chairman and MD Ramkumar Ramamoorthy speaking at the ‘CII Connect 2019’ event in Chennai said, “The Company plans to hire more than 23,000 STEM graduates and post-graduates from […]
US tech giant Apple, the iPhone maker, has told government officials that it plans to invest close to Rs 1,000 crore in setting up its online selling platform and opening three of its iconic retail stores across major cities over the next two to three years. According to the ET report, the first store is […]
India’s largest carmaker Maruti Suzuki has let go of 3,000 contract employees due to the ongoing slowdown in demand and rising inventory. Company’s Chairman R.C. Bhargava said on Tuesday, 27th Aug 219 the company had not renewed the contracts of 3,000 temporary employees, as the automaker battled rising inventory amid a slowdown in demand. Safety […]
Sapient, which was acquired by French advertising major Publicis in 2015 for $3.7 billion, plans to double its headcount to nearly 20,000 in India in the next three to five years. – ETtech/May 19 Currently, Publicis Sapient has 10,000 employees in India and focuses to create a core talent pool for digital transformation at its India […]
HCL Tech inks pact with Maharashtra Airport Development Co, to create 8,000 jobs, Key highlights as below. HCL aims at creating 8,000 local jobs Launched Tech Bee – HCL’s Early Career Program – a work-integrated career program for students who have completed class XII HCL to conduct Mega Recruitment Drive in Nagpur on 24-25 August […]
Hyundai Motor India Ltd (HMIL) declared “no production days” this month for some of its production departments owing to tough market conditions for the automobile sector. As per the announcement at the plant, the Korean auto major said, “due to prevailing market conditions, there will be no production in passenger cars, powertrain system, and related support […]
Around two lakh jobs have been cut across automobile dealerships in India in the last three months as vehicle retailers take the last resort of cutting manpower to tide over the impact of the unprecedented sales slump, according to the industry body FADA (Federation of Automobile Dealers Associations)- PTI With no immediate signs of recovery, […]
