India's IT bellwether Infosys Technologies is set to hire about 25,000 employees this year across functions like IT services, BPO and consulting, allaying fears that economic slowdown in the US and financial turmoil globally will impact growth of IT firms in India.
India's IT bellwether Infosys Technologies plans to hire 25,000 during the ongoing fiscal year and hike wages by 11-13 percent for its offshore employees.
Bangalore continues to rule the roost in terms of highest pay scale, followed by Chennai, Pune and NCR, a recent study by management research and consultancy firm, Zinnov, has revealed.
New York City risks losing more than 20,000 jobs in the high-paying financial sector over the next two years as the crisis in mortgage markets drives down Wall Street's profits, according to a report issued on Monday.
EBay Inc. said Thursday it is cutting 125 jobs in Europe and North America, including 70 positions at the online auctioneer's headquarters in San Jose, California.
The highest average salary hike in Asia-Pacific will be witnessed in India, an annual survey conducted by global human resources, outsourcing and consultancy firm Hewitt Associates has revealed.
Indian workers in Gulf countries appear to be the most disgruntled employees in the Middle-East among all expatriates, a survey conducted by the Arabian Business website has revealed.
India and China are losing their competitive advantage on wages, and employers will increasingly look to even lower-cost countries for their operations, according to a study by the Towers Perrin consultancy.
British annual earnings growth unexpectedly slowed in October even though the jobless rate stood at a 32-year low last month, official data showed on Wednesday.
Microsoft Corp said on Tuesday it would hire 1,000 engineers in the current fiscal year, joining the current 5,000 staff in China.
Chrysler LLC said on Thursday it would cut up to 10,000 hourly jobs through 2008 as it slashes production capacity in North America and eliminates four slow-selling vehicles.
Business software maker Novell Inc laid off 250 workers in the United States as part of an ongoing restructuring program to slash costs, company spokesman Bruce Lowry said on Friday.
Britain's public broadcaster, the BBC, announced plans on Thursday to cut 1,800 jobs and integrate its TV, radio and Internet news operations to confront the digital-age shift away from traditional media.
Morgan Stanley is cutting about 300 jobs in its institutional securities division, mostly in mortgages, fixed-income trading and other businesses hardest hit by the recent market turmoil, a person familiar with the situation said on Wednesday.
Tata Consultancy Services Ltd will hire 9,000 employees in the December quarter, and expects wage rises to stabilise in the new fiscal year from April 2008, a top company official said on Tuesday.
Time Warner Inc's Internet unit AOL will eliminate 2,000 jobs as part of an ongoing restructuring to better focus on boosting online advertising, according to a memo obtained by Reuters on Monday.
Top global outsourcing firm Convergys has announced its plans of doubling its headcount in India to 24,000 in three to five years.
Bear Stearns Cos said on Wednesday it was cutting 310 jobs in its mortgage lending business, making the Wall Street bank the latest to lay off staff as a result of the lingering subprime mortgage crisis.
Morgan Stanley said on Tuesday it will slash 600 jobs in its residential mortgage business, about a quarter of the home loan work force, in the latest sign the mortgage market slump is expected to linger.
According to the National Association of Software and Services Companies (NASSCOM), India's apex body of the IT software and services industry, the IT industry in India will generate 400,000 new jobs this year, a figure which is about 25 percent higher than the previous year.
