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Major IT companies Infosys, Wipro and Tech Mahindra reduce employee strength

The $156-billion Indian IT industry, often called the biggest job creator in the organised sector, is seeing a tectonic shift in recruitment. For the first six months of the fiscal, Cognizant, Infosys, Wipro and Tech Mahindra have all seen their employee strength actually decline -quite sharply in Cognizant's case (by over 5,000).

 

2 lakh IT engineers to lose jobs annually in the next 3 years: Head Hunters India

BENGALURU: Executive search firm Head Hunters India today said the job cuts in IT sector will be between 1.75 lakh and 2 lakh annually for next three years due to under-preparedness in adapting to newer technologies.

 

1.52 lakh casual, 45,000 part-time jobs lost post-demonetisation

8 key sectors added 1.22 lakh workers during the period, finds quarterly survey As many as 1.52 lakh casual and 46,000 part-time jobs were lost during October 2016 to January 2017. This is in spite of eight key sectors of the economy adding 1.22 lakh workers during the quarter, against 32,000 in the previous quarter, according to the Labour Bureau.

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