Snehal khanna Blog

However, the company ruled out any plans of layoffs in big numbers Infosys , India’s second largest IT (information technology) firm, has deferred salary hikes for its mid-level employees till end of July to reduce cost and ensure better payouts at the same time. Some employees may even get salary hike after July. Employees with less than eight years of experience who fall under job level 5 (JL5) category will see their performance and salary review begin from July, Pravin Rao, chief operating officer, Infosys, told employees in a mail on Wednesday. Amidst fears of job losses across different IT services firms, Rao said the company would not look at any layoffs and any separation may have happened on ground of performance. Under the eight years experience bracket roles are typically software engineers, senior software engineers, business analyst, senior business analyst and others and industry experts say such roles form 40 to 50 per cent of the workforce at the IT compa...

Analysts say the move is both soothing and disconcerting         The annual appraisal at  Cognizant   Technology Solutions this month came as a surprise to many. Not only was their performance under greater scrutiny, but at the end of the review process, as many as 10,000 employees are expected to be laid off. Many of them will lose their job to automation. Like others in the industry, Cognizant, too, has been trying to reinvent itself and focus on high-end projects that require specialised skills as traditional offshore contracts shrink. The Nasdaq-listed solutions provider has 262,200 employees, and, according to sources in the company, up to 2.5 per cent could lose their job, although employees think the number could be higher. Cognizant has been under pressure from investors to shore up margins. Investors want to see the company boost profitability, deliver growth and return cash to shareholders. Last month, Cognizant reached an agreement...