Cognizant Slashes Jobs As Part Of Cost Cutting, Revamp Plan

Cognizant Technology Solutions will eliminate as many as 7,000 mid-senior level jobs globally and reskill about 5,000 employees as part of a plan to save costs and simplify the company’s organizational structure. “Such layoffs are already happening quietly in the industry…

Kavin Mittal Redraws Game Plan, To Unbundle Hike

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Jack Of All Trades: What Really Happened To Hike Messenger?

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An Indian Unicorn Admits It Screwed Up And Is Rebooting With Layoffs

In the rush to grow rapidly, several Indian startups have over the last year ventured into areas not directly related to their core businesses. For instance, in December 2017, ride-hailing startup Ola acquired food-delivery startup Foodpanda and e-commerce major Flipkart is reportedly in…

Cognizant Tax Evasion Issue Unlikely To Have Significant Impact

Industry experts believe that Cognizant will not see much impact from its ongoing case with the income tax authorities in India. "Cognizant is not a company that is known to be non-compliant. That said, a company of its stature should…

IT Layoffs: Do Startups Offer A Ray Of Hope To Those Retrenched? Not Really; Here’s Why

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Nightmare On IT St: Thousands To Be Sacked

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Cognizant Layoffs: Gloom Continues, Jobs In Tech And IT Companies Dry Up

Cognizant, the New Jersey-headquartered software services company with most of its operations in Chennai, is likely to lay off 6,000-10,000 “ redundant and non-performing” employees. “When global competition stepped in, Indian companies went through multiple levels of devaluation – for example…

Here’s The Scary Truth: Almost Every Major Indian Startup Has Made The Same Mistakes As Snapdeal

India’s bustling startup ecosystem is in a state of hysteria as e-commerce major Snapdeal implodes. “I believe other startups will follow suit and by March more layoffs will be announced in other firms. There isn’t any choice. Companies will have…

India’s 3rd Biggest E-Commerce Firm Snapdeal Is Cutting 600 Jobs, And There Could Be More To Come

The e-commerce industry in India has received another blow. On Wednesday, India’s third biggest e-commerce firm Snapdeal announced that it will be laying off employees. Though the company refrained from giving out exact numbers of people to be given the…

First Casualty Of Donald Trump’s Win? eBay Sacks India Product Team

Online marketplace eBay will shut its global development centre in Bengaluru, laying off staff and taking back work to Silicon Valley on the day Donald Trump got elected as the 45th President of United States on promise of bringing back…

Twitter Shuts Down Development Centre In Bengaluru

Amidst increasing scrutiny from investors because of falling revenue growth, micro-blogging platform Twitter has shut its Bengaluru development centre. “While India is seeing a lot of multinational companies setting up R&D centres, most of the work that happens out of India…

Layoffs Are In Line With Industry Practices: Flipkart

  Indian e-commerce giant Flipkart, which has asked around 400 of its 33,000-strong workforce to leave the company on grounds of non-performance, said the move was in line with industry practices. Sanchit Vir Gogia, Chief Futurist, Founder and CEO of Greyhound…

Amid E-retail Crisis, Flipkart Puts 300-600 Employees On Road To Layoffs

Amid concerns of Indian startups’ financial health, Flipkart – the country’s largest e-commerce firm – put 300-600 employees on a performance improvement plan that might result in layoffs. “Market correction has impacted e-commerce firms. This is beyond regular attrition. Downsizing…

Intuit fires 440 staff globally, 35 in Bengaluru

Intuit, a US accounting software company, has retrenched at least 440 employees globally and the wave has hit Indian shores, too. According to officials in the company's Bengaluru office, 35 employees including developers, sales and marketing staff were asked to leave last…