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Reduction In Headcount

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'No choice': Elon Musk justifies mass layoffs at Twitter

Amid massive layoffs at Twitter across the world, including in India, and the subsequent backlash, the microblogging site's new owner Elon Musk on Saturday justified the move, saying there was "no......

Musk threatens to name & shame advertisers who ditch Twitter, defends layoffs

Tesla CEO Elon Musk threatened to name-shame the advertisers who are backing out from Twitter after the micro-blogging site announced mass layoffs. Illustration: Dominic Xavier/Rediff.com While......

TCS slammed for 'downplaying large scale layoffs'; headcount falls by 19,755

Tata Consultancy Services (TCS) employee headcount fell by a massive nearly 20,000 in a single quarter, as India's largest IT services company continues to restructure workforce to align with......

Most PSBs see decline in headcount even as branches spread

At a time when the finance ministry is focusing on addressing employee grievances, the number of employees in most public-sector banks (PSBs) has declined over the last three financial years,......

IT Majors' Valuations Sink To 5-Year Low

The combined market capitalisation of the country's top five IT firms that are part of the BSE Sensex is down 24 per cent since January and their valuation has slipped to lowest levels in the past......

Amid global layoff, Google may rejig roles in Bengaluru, Hyderabad offices

Google is likely to rejig the roles of some of the engineering talent from its Hyderabad and Bengaluru offices and move some of its employees to more revenue-generating projects instead of letting......

Cognizant Q1 net income rises 21.4%

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......

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