'As more and more work becomes automated and a range of lower-level and higher-level tasks are replaced by AI, the need for a classic command-and-control pyramid structure goes away.'
While TCS cited evolving business needs and future readiness as reasons, industry experts say the action is a cost-cutting measure aimed at improving operating margins that have remained below the firm's aspirational range despite multiple efforts.
Wipro on Wednesday said it expects to hire about 30,000 freshers in FY23, as the IT services major strives to ensure that supply is not a constraint in managing the robust demand environment. Amid the fast-spreading Omicron variant of the COVID virus, the company remains "very vigilant", CEO and managing director Thierry Delaporte said, adding that as a proactive measure, the company has decided to close its offices globally for the next four weeks. "It is of some relief to us that about 90 per cent of our employees globally are now vaccinated with one dose of the vaccine, and over 65 per cent are fully vaccinated with the recommended two doses. "Our plans to return to the office, even in a hybrid model, for our fully vaccinated employees, will be calibrated in the context of the evolving situation, keeping both our employees' safety and client preferences in mind," Delaporte said during Wipro's Q3 earnings calls.
An ex-employee claimed that team members were routinely subjected to verbal abuse, even for basic clarifications or suggesting improvements.
The 10 most commonly asked questions freshers face during an interview and an approach to answer them.
Over the years, with some amount of experimenting, I have learnt exactly what freezes well and what does not.
Little things like updating your CV and applying for jobs that meets your requirements will fetch you better results, writes T Muralidharan, Managing Director, TMI e2E Academy.
Information-technology (IT) services major Cognizant has kept its full-year guidance on revenue growth unchanged at 3.5-6 per cent in constant currency even as the industry is becoming cautious about macro conditions because of tariff wars.
'A major IT services firm that previously had a demand of 1,000 to 2,000 employees now requires 7,000 to 8,000 -- a sizeable jump from the previous quarter.'
As the job markets open up, top IT services firms may look at a tiered strategy in which they hire entry-level talents at higher salaries, amid a major technological shift, say HR analysts.
The company's decision comes when there has been a dip in intake due to tepid demand, increasing automation, reports Debashis Mohapatra.
The country's biggest carmaker, Maruti Suzuki India, has raised concerns about the continuing slide in small car sales.
To attract people from tier-1 colleges IT services companies must increase payment to freshers: Mohandas Pai.
'Both campuses and talent should brace for a low-velocity campus hiring season that might extend into the off-campus period.'
Attrition is driving the hiring effort on campuses.
HR Guru Mayank Rautela offers practical advice.
Pacers Jasprit Bumrah, Mohammed Siraj and the others found it difficult to generate the expected bounce on the used pitches. Reports indicate that deliveries barely rose waist-high, even when the bowlers hit the deck hard.
Remunerations of senior executives have, however, increased considerably.
Largest software exporter TCS will be hiring more than 40,000 freshers from campuses in the country in the financial year 2021-22 , a top executive said on Friday. The company, the largest employer in the private sector with a base of over 5 lakh employees, had hired 40,000 graduates from campuses last year and will do better on that number, its chief of global human resources Milind Lakkad told reporters in Mumbai. He said the COVID pandemic-related restrictions do not pose any difficulties in hiring and added that last year, a total of 3.60 lakh freshers had appeared for an entrance test virtually.
Global IT companies will add around 1.08 lakh employees in India by 2010, by increasing the headcount to 2.73 lakh. This would be a 65.25 per cent increase from the 1.65 lakh employed by the end of 2007.
'Aamir Khan and Salman Khan were already very busy. Then, Raveena Tandon and Karisma Kapoor started signing more films, Paresh Rawalji also got busy... 'Rajkumar Santoshiji got offered Damini he was very excited about it. He told dad that since her dates were available, let me do this film quickly. But aisa hota toh nahin. That film also took time. 'So sabke dates ka problem ho gaya, including the director's.'
IT services major Infosys on Thursday reported 11.46 per cent increase in consolidated net profit at Rs 6,806 crore for December quarter FY25 and raised its guidance on the back of growth in financial services and manufacturing. The company had logged a profit of Rs 6,106 crore in the corresponding period of the previous fiscal.
The incident was reported from the hostel of Kirori Mal College on Sunday evening when a first year B.Sc student was ragged allegedly by two third year students Akshay Chaudhary and Hani Mohammad.
Satyam Computer has deferred the joining dates of freshers, citing the global economic slowdown and the turn of events in the once iconic firm, while stopping short of asking them to look for jobs elsewhere.
'We still prepare the pitch the exact same way every time to try and get the same good carry, pace and bounce that the Gabba is known for.'
IT services major HCL Technologies (HCLTech) on Monday reported a 10.51 per cent increase in consolidated net profit to Rs 4,235 crore in July-September quarter of FY25, as the company raised the lower band of its growth guidance on the back of better-than-expected performance. The Noida-headquartered firm had posted a net profit of Rs 3,832 crore in the year-ago period. HCLTech increased the lower band of its revenue growth guidance to 3.5-5 per cent year-on-year in constant currency, against a guidance of 3-5 per cent in the first quarter.
Reassure your child that whatever the situation, you are there for her/him, says rediffGURU Anu Krishna, while counselling concerned parents whose children are studying in colleges away from their home town.
Who do you think should be part of India's playing XI for the third Test against Australia in Brisbane?
Some of the entry-level jobs in the technical sector that will be in demand in 2011 and how freshers can hone your skills to bag one.
The event was organized by NSUI and students from the northeast in Delhi with the aim of bringing people together, across barriers of race and language.
Edamame + truffle oil + basmati rice = an exquisite combo.
A stampede-like situation occurred near the Mumbai airport where thousands of job aspirants gathered to apply for a limited number of vacancies for the post of loader at the facility, police said on Wednesday.
Infosys CEO Salil Parekh has indicated that offers given to freshers will be honoured by the company and followed with joining, although there has been some change in dates. The comments of Infosys top honcho assumes significance amid reports that the company has delayed onboarding of 2,000 fresh engineering graduates from 2022-batch.
'When it is unpaid, sometimes, they don't take you seriously.' 'Work is not reviewed, and there is no effort in making interns learn.'
If you have just enrolled in b-school and want some gyaan to prepare you for this fresh academic start, here are some helpful tips.
Infosys Ltd on Thursday reported a 4.7 per cent rise in the September quarter net profit and raised revenue guidance after broadbased growth. Net profit of Rs 6,506 crore in July-September was up 4.7 per cent when compared to Rs 6,212 crore earnings in the same period last year. It was 2.2 per cent higher quarter-on-year, according to a company statement.
The first quarter results (Q1FY25) of Indian IT services hint towards better fiscal growth than the preceding year, but as the management commentary said, "there is still some time for the industry to be firing on all cylinders." Among the majors-Tata Consultancy Services (TCS), Infosys, HCLTech, and Wipro-it is the Bengaluru-based Infosys that has performed better, which was also evident in its full-year revenue guidance.
