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While senior staffs are likely to lose out on jobs, hiring will take place mostly at junior, mid levels LATEST NEWS :    With job creation seen as the Narendra Modi government’s biggest failing, media reports that the information technology (IT) firms will further slow down their hiring pace over the next two quarters comes as a bigger blow to the Centre.  "The job market has undergone an overhaul owing to technological advancements and the dynamic economic scenario. The country's GDP growth declined 2 per cent to 5.7 per cent in the June quarter of 2017 compared to 7.9 per cent in the corresponding quarter of the previous year," Modi said, adding efforts should be made to improve this to spur further job creation. Moreover, the chances of more lay-offs look prominent in the next six-12 months, according to Experis IT Employment Outlook Survey from Experis IT-ManpowerGroup India for October 2017-March 2018, reported the Economic Times. graph Whi...

This is not for the first time that IT industry has faced the layoff problem, says Narayana Murthy IT companies can protect the jobs of youngsters if senior executives take pay cuts, said Infosys co-founder NR Narayana Murthy. He added that the industry has dealt with the issue several times in the past. Murthy said he has no doubt that all industry leaders have good intentions to solve the problem of layoffs. "There are a lot of smart leaders in the industry, but I have no doubt at all that they are all well-intentioned people and they can find solutions," he told news channel ET Now. Murthy also said this is not for the first time that the industry has faced the layoff problem and hence there should not be any extreme anxiety as the industry had dealt the issue and found solutions then. "Let us remember we have gone through this several times in the past. We went through that in 2008, in 2001. So, this is nothing new. Therefore, there is no ...

IT major expects process to be concluded by the end of the second quarter Cognizant Technology Solutions has floated a voluntary separation option for its employees at the senior management level, at a time when the company is accelerating its move towards digital technology. This move comes as the company has initiated efforts to trim down its workforce at a larger level this year compared to last year. The Nasdaq-listed company confirmed the development and said that this is part of its overall strategy to accelerate the shift to digital and to deliver high-quality, sustainable growth. Read this: Tata Sons to invest Rs 2,000 crore more in telecom arm Sources in the company have said that the option has been given to top executives, from the associate director to the top level, including board members and vice-presidents. They added that the compensation would depend on the rank and it would be minimum nine months salary. Further, the sources said that talks were go...