'There is a shift in what customers are thinking about in the long term and better planned structures are going to emerge as winners.'
While the exact number of employees being asked to quit could not be confirmed, sources said close to 1,000 employees were tipped to go. Syntel has around 11,000 employees in India. The shifting of employees to the KPO operations is part of increasing its utilisation and reducing the bench strength.
Outlining its plans Syntel (India) on Tuesday said that it had acquired land in the IT corridor of Chennai and would be setting up a big facility in the next one-year. The company plans to invest $20 million and hire 1,500 people during this year.
President and CEO of computer networking firm Arista Networks Jayshree Ullal, cofounder of IT consulting and outsourcing firm Syntel Neerja Sethi, and CTO and cofounder of streaming data technology company Confluent Neha Narkhede are in the Forbes list of 'America's Richest Self-Made Women 2019'.
The world's fastest growing company is Canada-based Research In Motion, the maker of Blackberry phones.
Indian-origin technology executives Jayshree Ullal and Neerja Sethi have made it to the Forbes list of America's 60 richest self-made women, with 21-year-old reality TV star and entrepreneur Kylie Jenner the youngest to be featured in the power list.
The net worth of the richest Americans grew by 13% in the past year to $ 1.7 trillion.
Five Indian-Americans have been named among the 400 richest people in the US by Forbes, a list topped by Microsoft co-founder Bill Gates for the 21st year in a row with a net worth of $81 billion.
At the end of June, 2016, TCS had a total headcount of 3.62 lakh.
Six Indians were killed when a van in which they were travelling to visit Niagara Falls spun out of control and crashed into another car in Erie County in the US state of Pennsylvania. The mishap took place in West Springfield on Sunday, the police said. At least four of the dead were working with Michigan-based information technology firm Syntel Inc.
Gujarat may have missed the IT/ITES bus earlier, but the two upcoming IT/ITES SEZs by K Raheja Corp and DLF are all set to drive the growth of the industry here. As many as 50 companies are likely to set up shops in the two parks coming up in Gandhinagar.
The richest self-made woman in America is Diane Hendricks, the owner of ABC Supply.
Premji is ranked 13th on Forbes' first ever list of '100 Richest People In Tech', followed by Nadar on the 14th spot.
Around 55 per cent of land in the 36 operational special economic zones (SEZs) in Tamil Nadu is lying vacant owing to various reasons, including the recent economic slowdown.
Microsoft founder Bill Gates with an estimated fortune of $78 billion heads the list
The companies experienced a drop of 5,436 approved petitions (37 per cent) in 2016 as compared to previous year, a report by the National Foundation for American Policy, a Washington-based non-profit think-tank, said.
But Indian information technology workers might do better without the companies that held them back, says Mihir S Sharma.
Not many people know that today's BPM industry gives specialists great career options.
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