IT sector News

Emerging Trends in Staffing: AI and Cloud Skills Fuel Demand Beyond Traditional IT Sectors

India's IT services sector sees stagnant hiring, with demand shifting towards AI, cloud computing, and cybersecurity skills in non-IT sectors and GCCs. Quess Corp reports growth in...

TCS Layoffs Spark Fear: Over 12,000 Jobs at Risk Due to New Bench Policy

TCS's new bench policy has employees fearing job losses beyond the announced 12,000, with senior staff particularly at risk due to project allocation challenges.

TCS Implements Massive Cost-Cutting Measures: Freezes Salaries and Senior Hiring Amid Layoffs

TCS has announced a freeze on salary hikes and senior-level hiring, alongside laying off 12,000 employees, as part of its cost-cutting measures. The IT sector watches closely for t...

TCS Announces Major Workforce Reduction: 12,000 Employees to Be Laid Off Amid Global Economic Shifts

Tata Consultancy Services (TCS) plans to lay off 12,000 employees, targeting middle to senior management, amid global economic and AI-driven changes. Support includes compensation ...

TCS Announces Major Workforce Reduction: 12,000 Jobs at Risk Amid AI and Economic Shifts

Tata Consultancy Services plans a 2% workforce cut, impacting 12,000 employees, due to AI advancements and economic challenges. Affected staff will receive severance and support se...

Infosys Shares Dip 1.3% Post Q1 Results: A Closer Look at the Rs 8,661 Crore Market Value Erosion

Infosys shares fell over 1% after Q1 FY26 results, eroding Rs 8,661.66 crore in market value. Despite an 8.7% rise in net profit, the stock and broader markets declined, reflecting...

Tech Mahindra Rewards Shareholders with Rs 45 Dividend Amidst 80% Profit Surge in FY25

Tech Mahindra declares a Rs 45 per share dividend after an 80% profit surge in FY25, with a strong quarterly performance and future margin goals highlighted.

The Changing Landscape of Job-Hopping: Why Workers Are Facing Pay Stagnation

The IT sector and other industries are seeing a shift where job-hopping no longer guarantees higher salaries. With market saturation and economic shifts, workers are facing pay sta...

Singapore Fresh Graduates See Salaries Rise Above $3,300 Despite Falling Employment Rates

Singapore's fresh graduates are earning more than $3,300 monthly, but full-time employment rates have fallen, according to a 2024 survey. The health sciences sector saw the steepes...