IT Industry Jobs

HCLTech, which is also set to release its third-quarter earnings on January 13, is projected to lead growth among Tier-I IT firms

Facing social media backlash over the Rs 2.52 lakh annual salary offer for freshers, IT giant Cognizant on Sunday said it offers Rs 4-12 lakh salary to fresh engineering graduates, and the salary being quoted on social media is for non-engineering undergraduate degree holders. The firm also faced social media ridicule for doling out annual salary hikes of as low as 1 per cent, but what is being quoted is the lower band of the 1-5 per cent annual increments that the firm has dished out based on individual performance. Cognizant annually hires fresh engineers and non-engineering/IT graduates for varied roles. With the two recruitments running almost parallel, hiring for three-year non-engineering/information technology undergraduate degree holders picked up and was widely shared as Cognizant's salary package for freshers. "Our recent job posting for talent from non-engineering backgrounds, with a 3-year undergraduate degree has been grossly misrepresented. This job posting, with ...

The now paused bill mandated a 50 per cent quota for administrative roles and a 75 per cent quota for non-administrative roles in the private sector for the locals, triggering a massive row

India's $250 billion tech sector plays an important role in the economy, employing about 5.4 million people

GenAI will we have impact 'not previously seen or imagined', says IT company's chairman

Cognizant and Capgemini collectively employ around 400,000 people in India

The change also comes as state governments offer stamp duty concessions, land benefits, subsidised power and other incentives to bring jobs to smaller cities

Industry expected to generate additional $9.3 billion in revenue, spanning across IT services, business process management engineering services: Nasscom

Nasdaq-listed information technology company employs some 250,000 people in India

HirePro report reveals 5% surge in female participation in campus hiring, with south India leading the trend

Capgemini's survey included business leaders from 2,000 organisations in 15 countries across sectors such as automotive, consumer products, banking, capital markets, life sciences, etc

Experts have stated that non-compete obligations are valid only during employment and cannot hinder an employee from joining a competitor post-employment

The government also assured them that their problems would be resolved as soon as possible to make Rajasthan a developed state

The proportion of new deal wins into revenues is "intact", a senior official at largest IT services company TCS has said, attributing the sluggish revenue growth to the adverse impact on discretionary demand because of economic headwinds. Stating that discretionary demand can contribute as much as 30 per cent of incremental revenues in a quarter, the company's chief operating officer N Ganapathy Subramniam told PTI that the September quarter results were impacted due to this aspect. Clients are choosing to conserve cash given the economic climate and choosing to defer spends where they do not see immediate returns on investments, which has impacted the discretionary demand, he said. He, however, said that the proportion of revenue it bags from new deals has not been affected. The company has reported signings of over USD 10 billion for three consecutive quarters. "TCV (total contract value) to revenue conversion rate is intact," Subramaniam said, explaining that there are a slew of

Weak global cues and a cut in discretionary spending by clients are expected to sharply reduce campus intake by the Indian IT industry this year with market watchers saying that Infosys and HCL Tech's subdued take on hiring signals a tough road ahead for freshers in the near term. In the opening week of Q2 earnings season, IT biggies TCS, Infosys and HCL Technologies reported a sequential drop in employee tally - a staggering 15,800 on a cumulative basis. The Q2 scorecard of tech heavyweights fell short of expectations as global growth skid on elevated levels of inflation and interest rates, reduced investment, and geopolitical shocks, exacerbating worries. Tech companies say that clients continue to defer newer, non-critical initiatives, choosing to focus on optimisation. While global voices concede that there are no signs of bottoming out just yet, JP Morgan's Jamie Dimon has warned that the world is facing the 'most dangerous time in decades'. Meanwhile, Infosys's headcount fell

Largest IT services company TCS on Wednesday announced that it has asked its 6.14 lakh-plus employees to work from offices, ending the practice of remote working that started due to the pandemic. The company -- the first major IT services firms to announce such a move -- has asked its workforce to return to offices because of the need to deepen the value systems and a belief in productivity gains coming from co-working, TCS Chief Human Resources Officer Milind Lakkad told reporters. "We strongly believe that they need to come to work so that the new workforce gets integrated with the larger workforce of TCS. And that is the only way they will learn and understand and internalise the TCS values and the TCS way. So yes, we are asking people to come all days in a week," Lakkad said. He added that in the last three years, it has hired a large number of people and hence, it is essential to instil the same values in all employees. When asked if the company has scrapped its '25 by 25' ...

The demand for interns is the highest in the IT industry which accounts for 35 per cent of all openings: foundit data

Microsoft-owned GitHub has laid off 142 people in India, including the entire staff in its engineering division, people aware of the development said on Tuesday. Those affected by the decision were deployed across the company's offices in Bengaluru, Hyderabad and Delhi. When contacted, a GitHub spokesperson said the decision was part of the company's reorganisation plan. "As part of the reorganisation plan shared in February, workforce reductions were made on Tuesday as part of difficult but necessary decisions and realignments to both protect the health of our business in the short term and grant us the capacity to invest in our long-term strategy moving forward," the spokesperson said. The spokesperson added that the company's focus is to ensure that GitHub is a fully-integrated platform powered by artificial intelligence (AI) for developers and customers. "With this focus, we are consolidating certain business operations, some of which happen to be based in India, and it has ..

Stellar long-term track record, growing digitalisation augur well for IT sector funds

Of late Indian IT firms are grappling with a trend called moonlighting. While most organisations frown upon it, workers seem to be liking it. Let us delve into this debate