Why it's not all about new skills in Indian ITIn a world where reskilling and acquiring newage skillsets have become the route to stay relevant, technology services companies are still recruiting candidates with expertise in older software languages such as Cobol, Fortran and C++.
Cognizant lays off 200 senior executivesCognizant Technology Solutions (CTS) has let go of about 200 senior employees at the director level and above this year, with a severance payout of three-four months.
Amazon India creates 50,000 jobs for festive seasonAmazon India has created more than 50,000 seasonal positions across its network of fulfilment centres in the country this year ahead of the festive sale as the e-commerce major jousts for leadership position against rival Flipkart.
TCS has doubled entry-level salary for employees with these skillsTata Consultancy Services (TCS) has offered about 1,000 freshers with new-age digital skills almost double the salary (Rs 6.5 lakh per annum). The selection of these candidates was based on their clearing a test focused on new digital areas. Employees armed with skills in the fields of machine learning, artificial intelligence (AI) and data analysis are getting better appraisals across levels.
Flipkart bolsters top deck with five new VPsThe Bengaluru-based e-tailer, which is in the process of getting a final regulatory nod for Walmart’s 77% stake in the company, has hired these VPs across functions like fashion, corporate strategy, engineering, risk management, shared technology and services group. They include Dev Iyer, Srinivasulu Grandhi, Phanimohan Kalagara, Naren Ravula and Vineet Sethi.
Symantec cuts 8% of workforce, slashes revenue forecast Symantec Corp will cut 8 percent of its global workforce to boost profit margins, the antivirus software maker said on Thursday, while also lowering its yearly revenue forecast as it closed fewer business deals than expected.
Infosys sees highest attrition at these levelsChief Operating Officer of the IT bellwether Pravin Rao said the company has done multiple things with regard to the employee engagement perspective, including compensation increase for 85 per cent of the workforce on time starting April this year.
Microsoft cuts jobs in international sales team: ReportSoftware giant Microsoft has reportedly eliminated some jobs in its international sales force. According to a report in CNBC, "Microsoft cut the size of its international sales force this week, laying off a small percentage of its employees." The report quotes people familiar with the matter.