IT Industry: HR News, Trends & Workplace Insights

Latest IT Industry HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on IT Industry.

Updated on: Apr 2023

Industry

HCL Tech attrition rate drops hiring slows down by nearly

Apr 20, 2023

Job outsourced to India saved cost, fully remote jobs at risk

There is potential risk employees face in asking to work remotely on a permanent basis, the company ...

Industry

Apr 13, 2023

Job outsourced to India saved cost, fully remote jobs at risk

IT company cuts workforce of global team read founder email

IT company, Amplitude co-founders Spenser Skates, Curtis Liu, and Jeffrey Wang sent an email announc...

Layoffs

Apr 13, 2023

IT company cuts workforce of global team read founder email

TCS Hired , Employees On Net Basis In FY

Tata Consultancy Services TCS reported its consolidated financial results according to Ind AS and ...

Industry

Apr 13, 2023

TCS Hired , Employees On Net Basis In FY

Industry

Indian IT firms to reduce Tech hiring by 40% in FY24

Due to Inflationary pressures, the Russia-Ukraine crisis, and the US and European banking spiral it is expected that Indian IT companies may cut down the hiring of engineers by around 40 percent year-on-year (YoY) in FY24. Due to the economic uncertainty, layoff wave, and current conditions, there are major possibilities that there is less risk of […]

Mar 29, 2023

Industry

Campus hiring for IT and Tech slows down 25% amid layoffs

Many companies earlier delayed the onboarding of employees now the reports show that campus hiring for IT and tech slows down by 25% amid layoffs. The impact of layoffs is huge on campus hiring as the number of companies hiring for core tech roles has come down by almost 20-25 percent as the companies have reduced […]

Mar 27, 2023

Industry

Engineering Colleges face tough placement season amid hiring slowdown

By the reports of the Economic Times, engineering colleges have witnessed a tough placement season due to the hiring slowdown. Harpreet Singh Saluja, Founder-President of Nascent Information Technology Employees Senate said, “This situation will remain till the U.S. economy recovers” The companies have initially delayed the onboarding of the employees and also reduced the salary […]

Feb 28, 2023

Work Model

Google employees to work in hybrid mode, share space to cut costs

As per various reports, the tech giant Google has asked its employees to share the desks and work on alternative days in order of cost-cutting exercise. According to CNBC reports, Google spokesperson said, “Since returning to the office, we’ve run pilots and conducted surveys with Cloud employees to explore different hybrid work models and help […]

Feb 24, 2023

Industry

NITES, IT employee union files complaint against Wipro

IT employee union Nascent Information Technology Employees Senate (NITES) has filed a complaint against Wipro in the Labour Ministry. Wipro rolled out a revised offer letter for recruits awaiting onboarding at the company for over 12 months. The company has reduced the employee’s salary by 50 percent from Rs 6.5 lakh to Rs 3.5 lakh […]

Feb 22, 2023

Industry

Top challenges for newly appointed CEO Ravi Kumar at Cognizant

Recently, IT giant, Cognizant announced the appointment of Ravi Kumar S as CEO and a member of the Board, effective immediately. He replaced outgoing Brian Humphries who will remain with the Company as a special advisor until March 15, 2023. Ravi Kumar S joins Cognizant after a 20-year career at Infosys where he held various leadership roles, most recently working as […]

Jan 15, 2023

Industry

HCLTech hires more than Infosys, TCS in Q3

An Indian multinational information technology services and consulting company, HCLTech announced its Q3 FY’23 results on January 12, 2023. HCLTech partnered with Purdue Global for providing upskilling and higher education opportunities for its apprentices and the company’s employees in the Americas. The company launched a new skilling & certification initiative to meet the career development […]

Jan 13, 2023

Industry

Infosys attrition rate drops in Q3, to hire 50,000 freshers by FY23

An Indian multinational information technology company, Infosys has announced results for the third quarter that ended December 31, 2022, on Thursday, January 12, 2023. The company hired around 6,000 freshers in Q3FY23. In starting of FY23, Infosys had given a fresher hiring target of 50,000, and 40,000 of them are hired in the first half of the […]

Jan 13, 2023

Industry

Amazon staff furious on being forced to work after co-worker died

According to the media reports, an American technology company focusing on e-commerce, Amazon employees are furious over being forced to work after a co-worker died on the floor. In a warehouse in Colorado Springs, an employee named Rick Jacobs died on the job after experiencing a cardiac arrest. The employee died just before a shift change. Post this […]

Jan 11, 2023

Industry

Infosys & Wipro to announce Q3 results on 12 & 13 Jan respectively

The two IT majors of India, Infosys & Wipro have informed to announce Q3 results on 12 & 13 January respectively. Infosys India’s second-largest IT service provider, Infosys will announce its earnings for the quarter ending December on January 12. The board of directors will meet on January 11 and 12 to discuss the same, the […]

Dec 26, 2022

Industry

Trouble for Indian IT Sector, Accenture’s below estimate guidance…

IT services and consulting, Accenture reported financial results for the first quarter of fiscal 2023, which ended November 30, 2022, with revenues of $15.7 billion, an increase of 5% in U.S. dollars and 15% in local currency over the same period last year. Business Outlook Accenture expects revenues for the second quarter of fiscal 2023 […]

Dec 19, 2022

Industry

India to have over 1 cr tech jobs in the next 2 years: IT Minister

Union Minister for IT and Communications Ashwini Vaishnaw said that the government has set a target to cross the one crore job mark in the next two years. The jobs will be created in three main segments of the digital economy—electronics, startups, IT, and IT-enabled service. Union Minister for IT and Communications Ashwini Vaishnaw said, […]

Dec 2, 2022