September 16, 2008
AHMEDABAD: As the heat of global slowdown spreads, several players in the IT and ITeS sector have modified recruitment policies, keeping them in sync with the changing market conditions and their pockets. The likes of TCS, Wipro and Keane are either going slow on recruitment or are hiring more number of trained hands.
“During [...]
16th September, 2008
CHENNAI: At least 20 software engineers from various districts in the state on Monday met city police commissioner R Sekar and lodged a complaint against some persons who had cheated them after promising jobs with global IT giant IBM.
Most of the victims are untrained engineers who were attracted by the attractive pamphlets printed [...]
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Nomura acquires Lehman Brothers’ units in Powai, Mumbai
Nomura to buy Lehman Brothers’ BPO in India
September 16th, 2008
MUMBAI: Financial services powerhouse Lehman Brothers’ move to file for bankruptcy will impact its Indian operations where several of its employees are now scouting for new jobs in the financial sector.
Most of the employees in the [...]
15th September, 2008
HYDERABAD: Satyam Computers, which has just started giving pink slips to its employees, could potentially downsize its workforce by a whopping 4,500 employees.
This translates to a little less than 9% of the 51,000 employees that the company employs. Company sources say 1,500 employees have been put under the performance improvement plan (PIP), euphemism [...]
15th September, 2008
HYDERABAD: The city-based IT bellwether Satyam Computers has shown the door to 400 engineers and associates in Hyderabad, Pune and Visakhapatnam.
The terminations came as a rude shock to those thrown out, as they were not rookies at their jobs. Most of them were in ‘S’ band, as the company calls it, denoting their [...]