Snehal khanna Blog

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...

TCS is setting up a large BPO operation in Varanasi next year, some staff could be absorbed there LATEST NEWS : India's largest IT services firm Tata Consultancy Services is shutting its Lucknow centre as part of the consolidation of its UP operations and has asked its over 1,000-odd employees to either shift to its centre in Noida, Indore or any other facility in the country "We are consolidating our UP operations. There have neither been any job losses nor have we asked anyone to quit," said a TCS spokesperson. TCS is also setting up a large BPO operation in Varanasi, Prime Minister Narendra Modi's constituency next year and some of these staff could  be absorbed in the centre. The 10-year old facility in Gomti Nagar, does  internal process for TCS and has a small team that works on projects for  global clients. TCS employees in Lucknow were briefed about the development  on Wednesday, following which they have petitioned UP chief minister ...

The Indian IT major has invested nearly $3 bn in the US in past 3 years Latest news : Global IT services, consulting and business solutions organisation Tata Consultancy Services (TCS) was among the top two job creators, recruiting more than 12,500 US employees from 2012-2016, a recent study by The Cambridge Group said. TCS ranked number one in terms of US employee growth during that period, the study said, according to a release issued by TCS. The Chicago-based Cambridge Group calls itself a growth strategy expert. "Our industry-leading US recruitment, advanced digital training of employees, and academic and STEM partnership programmes act as a key contributor to the US innovation economy, while also preparing the current and upcoming workforce with foundational skills needed for 21st century careers," said Surya Kant, president of North America, the UK and Europe of TCS. STEM is a US-government supported programme to help absorb science, technology, engin...

According to reports, the 7 biggest IT firms operating in India are set to let go of 56,000 workers In his social media post, an anonymous techie called the recent spate of layoffs in the information technology (IT ) sector a "nightmare". The bad news is, the nightmare is unlikely to end anytime soon. The seven biggest IT companies operating in India, including Wipro, Infosys, Tech Mahindra and Cognizant, are planning to layoff at least 56,000 engineers this year, Livemint reported on Thursday. According to the report, this projected number is double the amount of layoffs by these companies last year. Mint claims the astoundingly high number was arrived at after "extensive interviews with 22 current and former employees across these seven companies". Read this: 62 million tonnes of waste generated annually; how ragpickers help clean it The companies concerned are Infosys, Wipro, Tech Mahindra, HCL Technologies, US-based Cognizant Technology Solut...

Indian IT firms account for less than 20 per cent of the H-1B visas Indian IT industry's apex organisation has said that the two top companies -- TCS and Infosys -- got only 8.8 per cent of the H-1B visas for placement of workers in the United States. "Of the six Indian IT companies, software majors TCS (Tata Consultancy Services) and Infosys received 7,504 H-1B visas in FY 2015, which is 8.8 per cent of the total H-1B visas," said the National Association of Software Services and Companies (Nasscom) in a statement here. The apex body's clarification was in response to a US official last week accusing top Indian IT firms TCS and Infosys of unfairly cornering majority of the H-IB visas, by applying more in the lottery system. Read this : Only eight of Nifty50 stocks are at all-time high level Only six Indian IT firms were among the top 20 recipients of the H-1B visas in fiscal 2015 for their professionals to work in the US, said Nasscom. US ...

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...