Wipro cuts salary offers to freshers awaiting onboarding; IT union NITES slams move as ‘unfair’

[ad_1] The logo of Wipro is seen inside the company’s headquarters in Bengaluru. File | Photo Credit: Reuters Wipro’s move to cut salary offers to freshers awaiting onboarding by almost 50% under one programme has been termed “unjust” and “unacceptable” by employees union NITES, which demanded that the IT company should reconsider its decision. Wipro’s […]

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Wipro unit forays into food business, to buy Nirapara

[ad_1] Vineet Agrawal, CEO, Wipro Consumer Care and Lighting said India’s spices market was pegged at ₹70,000 crore of which the organised sector had only a small share at ₹12,000 crore. File | Photo Credit: G.R.N. Somashekar Wipro Consumer Care and Lighting on Monday said it has forayed into the food and spices business by […]

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Data | Layoffs by IT firms in the U.S. will greatly impact H-1B workers from India

[ad_1] Layoffs: People take a photo at Meta corporate headquarters in Menlo Park, California on November 9, 2022. – Facebook owner Meta will lay off more than 11,000 of its staff in the most difficult changes made in Meta’s history, according to CEO Mark Zuckerberg | Photo Credit: JOSH EDELSON In 2020, the number of […]

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Wipro fires 300 employees for moonlighting

[ad_1] Moonlighting is a ‘complete violation of integrity in its deepest form, says chairman Rishad Premji Moonlighting is a ‘complete violation of integrity in its deepest form, says chairman Rishad Premji Wipro Ltd. has sacked some 300 employees for ‘moonlighting’ as the IT services firm toughens its stand against staffers taking a second job after […]

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Goldman cuts Infosys, TCS to ‘sell’ on looming slowdown

[ad_1] Goldman Sachs downgraded top Indian information technology service providers Tata Consultancy Services and Infosys to “sell,” from “buy,” citing a potential slowdown in dollar revenue growth in the face of impending macroeconomic stress. “We believe a slowdown in discretionary IT services spend around the growth and transformation agenda will be quite material and something […]

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Indian IT firms cut staff bonuses as U.S., European clients tighten budgets

[ad_1] Infosys told employees in an email seen by Reuters that the company was making “structured efforts” to improve performance, as it cut variable pay Infosys told employees in an email seen by Reuters that the company was making “structured efforts” to improve performance, as it cut variable pay India’s top IT services firms are […]

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Sensex rallies 566 points in early trade on buying in Reliance, IT stocks

[ad_1] Stock markets in the U.S. had ended sharply higher on Thursday Stock markets in the U.S. had ended sharply higher on Thursday Equity indices jumped on Friday continuing their previous day rally, with the Sensex climbing 566 points in early trade, helped by buying in index heavyweight Reliance Industries and IT stocks amid firm […]

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