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Staff Attrition

India Inc likely to see an average salary hike of 9.6% in 2024: EY report

The highest salary hikes are expected to be seen in e-commerce (10.9%), financial services (10.1%), and professional services and real estate (10% each)

India Inc likely to see an average salary hike of 9.6% in 2024: EY report
Updated On : 07 Mar 2024 | 8:12 AM IST

High staff churn in India's financial sector to persist in FY24: TeamLease

"The demand for salespeople (selling personal, home, agriculture and other loans) is huge," said CEO for staffing at TeamLease

High staff churn in India's financial sector to persist in FY24: TeamLease
Updated On : 28 Nov 2023 | 11:21 PM IST

IT engineering firms, LTTS, and Cyient struggle with high attrition rates

IT engineering cos provide product engineering services in auto, aerospace, medical device, and utility sectors. On the other hand, software engineering firms are mostly engaged in software products

IT engineering firms, LTTS, and Cyient struggle with high attrition rates
Updated On : 15 Nov 2023 | 10:05 AM IST

Contract of 3 out of 4 flexi workers lasted more than 6 months in FY23

The report also noted that there was an increase of 5 per cent in the share of flexi work as compared to other employment formats, to 66 per cent from 61 per cent last year

Contract of 3 out of 4 flexi workers lasted more than 6 months in FY23
Updated On : 19 Oct 2023 | 11:43 PM IST

IT companies enforce cost control measures amid rising employee expenses

Attrition rates of TCS dropped from 20.1% to 17.8%, HCL's from 19.5% to 16.3%, and Wipro's decreased from 19.2% to 17.3% all in the last quarter

IT companies enforce cost control measures amid rising employee expenses
Updated On : 14 Jul 2023 | 1:44 PM IST

Cognizant to lay off 3,500 employees in 2023 amid declining revenue

In the quarter ended March 31, the company reported a margin of 14.6%, among the lowest in the industry

Cognizant to lay off 3,500 employees in 2023 amid declining revenue
Updated On : 04 May 2023 | 10:43 AM IST

Attrition in IT firms to go back to pre-pandemic levels by October: Experts

In their Q4 results, two of the three IT majors in India, TCS, and Infosys, showed that high attrition was still a problem

Attrition in IT firms to go back to pre-pandemic levels by October: Experts
Updated On : 24 Apr 2023 | 11:38 AM IST

TCS attrition rate drops to 20.1%, remains far from pre-pandemic levels

The total headcount of TCS stands at 614,795 as on March 31, 2023

TCS attrition rate drops to 20.1%, remains far from pre-pandemic levels
Updated On : 12 Apr 2023 | 9:16 PM IST

India to see avg salary hikes of 10.2% in 2023, biggest in e-commerce: EY

Average salary hikes in India will be lower in 2023 compared to 2022, says EY's 'Future of Pay 2023' report. E-commerce, professional services and IT to the biggest hikes

India to see avg salary hikes of 10.2% in 2023, biggest in e-commerce: EY
Updated On : 21 Mar 2023 | 11:33 PM IST

SaaS major Freshworks lays off 90 employees globally; 60 in India

The company's founder chief executive, Girish Mathrubootham too termed it as a structural change, rather than a company-wide layoff

SaaS major Freshworks lays off 90 employees globally; 60 in India
Updated On : 16 Dec 2022 | 5:14 PM IST

ICICI Bank adopting a 360-degree approach in corporate banking business

Analysts see risk of attrition due to the shift in culture its implementation

ICICI Bank adopting a 360-degree approach in corporate banking business
Updated On : 05 Dec 2022 | 5:41 PM IST

'What if I'm next?' Fear grips Amazon India employees amid global layoffs

Those in the know say the full force of the impact of global layoffs in India will be felt in the retail division

'What if I'm next?' Fear grips Amazon India employees amid global layoffs
Updated On : 16 Nov 2022 | 11:14 PM IST

Twitter bankruptcy possible if cash burn doesn't stop, Musk tells employees

Confidence in the company has eroded so rapidly that, even before Musk's bankruptcy comments, some funds were offering to buy the loans for as little as 60 cents on the dollar

Twitter bankruptcy possible if cash burn doesn't stop, Musk tells employees
Updated On : 11 Nov 2022 | 11:26 PM IST

After firing half of Twitter's workers, Musk now asks some to return

Some of those who are being asked to return were laid off by mistake, according to two people familiar with the moves

After firing half of Twitter's workers, Musk now asks some to return
Updated On : 07 Nov 2022 | 10:41 PM IST

Top Headlines: FM likely to begin pre-Budget talks, Musk defends layoffs

Business Standard brings you the top headlines at this hour

Top Headlines: FM likely to begin pre-Budget talks, Musk defends layoffs
Updated On : 05 Nov 2022 | 9:17 AM IST

Job cuts at Twitter spur concerns about US midterms, human rights

Product and engineering teams were gutted by well over 50%, according to two sources, and other groups - like communications, marketing, human rights and diversity - were almost completely eliminated

Job cuts at Twitter spur concerns about US midterms, human rights
Updated On : 05 Nov 2022 | 8:44 AM IST

As job cuts begin at Twitter, Elon Musk decries 'massive' sales drop

The global workforce reductions are expected to affect 3,700 jobs - about half of the company.

As job cuts begin at Twitter, Elon Musk decries 'massive' sales drop
Updated On : 05 Nov 2022 | 8:42 AM IST

Twitter fires majority of employees in India as part of global layoffs

The lay-offs in India were across segments such as policy, communication, engineering and development, said sources in the know

Twitter fires majority of employees in India as part of global layoffs
Updated On : 04 Nov 2022 | 11:14 PM IST

Indian IT companies cut hiring amid US, Europe recession fears: Report

Several CEOs of IT companies in India have said that companies need to be cautious amid macroeconomic uncertainties

Indian IT companies cut hiring amid US, Europe recession fears: Report
Updated On : 17 Oct 2022 | 2:20 PM IST

HCLTech to boost presence in Mexico; to hire 1300 employees over next 2 yrs

The new centre in Guadalaraja will enable the company to serve its local and international client base across industries

HCLTech to boost presence in Mexico; to hire 1300 employees over next 2 yrs
Updated On : 08 Oct 2022 | 2:17 PM IST