Industry experts are of the opinion that the spurt in recruitment happened as IT services firms went aggressive on hiring in anticipation of a strong demand environment.
The rises in the sector follow an increasing churn rate.
Sector experts say rising pressure on margins owing to price discounts on the core business, increased hiring in the US and emergence of new technology areas are key reasons for such cost cutting.
A recent McKinsey report warns that unless IT professionals re-train themselves, they could become irrelevant.
Finding an increasing pool of professionals being dismissed, start-ups and others are improvising to offer emotional support and career guidance.
Global companies, e-commerce platforms and software product firms all want skilled digital workers.
Former finance head Bansal, who left Infosys in 2015, has gone for arbitration over severance pay
According to the latest annual report for 2017-18, the percentage of the company's employees in the age group of 18-25, came down to 28.16 per cent, from 31.19 per cent in the previous financial year.
Vemuri holds about 400,000 shares in IGATE which, at an offer price of $48 apiece, will give him $19.2 million
Expert staff in the line of fire in the tech sector. Analysts attribute these job losses to a slowdown in growth, automation of lower-end work.
Around 300 promoters serve their company boards for free.
After Infosys, hike in other IT companies also seen in 6-9% range.
The company is looking at building the 'bench' of employees in reserve, to be prepared for emerging demands, beside keeping staff attrition in control. Maintaining decent bench strength would help in implementing new projects.
PSG College of Technology has invited IT firms and external agencies to conduct training.
IT services firms would no longer focus on large volume hiring from campuses like they did at least two to three years ago, as demands of clients are changing.
The proposed annual quota for Indian companies could be between 10 and 15 per cent. Currently, there are no country-specific limits on H-1B allotment.
As per Indian tax laws, bonus in kind paid to the employees could be considered as salary income in the hands of the employees.
With Infosys reportedly increasing the pay packages of senior executives, including executive vice-presidents and a few vice-presidents, threefold, the Indian information technology (IT) services space might well get a new benchmark.
'After some time, they all want to know what is happening in their companies.' 'It is better they remain board members rather than talk outside.'
Evaluation gets tougher as companies battle uncertain macro conditions and automation.
If an employee bond is used to ensure that the employee never leaves, then it is illegal.
Amid headwinds across global markets, US issues fresh restrictions on H-1B visas. Ayan Pramanik & Raghu Krishnan list out the many ways in which this impacts the Indian IT industry.
IT majr Wipro needs stability at the top deck, say industry watchers.
'Over the next two to three years, hiring will come down further.' 'You will see the industry intake of freshers go down to 150,000 from the current 200,000.'
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