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Food courts, lush green campus, undisturbed work: Infosys woos employees to return to office
- In a bid to foster a hybrid work model, Infosys is encouraging employees to return to its Hubballi campus, touting undisturbed work settings and on-campus amenities like food courts and lush green surroundings.
- This move follows recent criticism over job creation at the campus. The company aims to blend the vibrancy of campus life with the flexibility of remote work. However, concerns persist as the campus currently employs only a fraction of the promised jobs.
- With pressure mounting, Infosys faces the challenge of meeting its commitments while navigating the evolving landscape of remote and office-based work.
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Cognizant asks India employees to work from office thrice a week
- Cognizant, a global IT giant, has joined the trend of returning to office work, requiring its India employees to be present thrice a week.
- CEO Ravi Kumar S emphasized the importance of in-person collaboration for activities like training and team building. This move follows similar mandates from other Indian IT majors like TCS, Infosys, and Wipro. Cognizant plans to launch a hybrid work scheduling app to facilitate this transition.
- The shift towards hybrid models aims to balance social interaction, innovation, and client service. With India being its largest talent base, Cognizant's decision reflects broader industry sentiments amidst economic challenges.
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Infosys plans walk-in recruitment drive in Bengaluru on March 9 to hire ‘next great talents’: Report
- Infosys, a leading IT firm, is gearing up for its third walk-in recruitment drive, scheduled for March 9 at its Bengaluru development center.
- This initiative follows successful events in Hyderabad and Chennai earlier this year. The move aligns with Infosys' strategy to bolster its workforce amid the renewal of four major contracts and the demand for talent across various projects.
- Seeking professionals skilled in Java, DotNet, Mainframe, and ServiceNow development, Infosys aims to fill vacancies caused by attrition. The company's proactive approach reflects a positive outlook on business sentiment and signals opportunities for job seekers in the tech industry.
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Marlabs to hire 500 people in India
- Marlabs, a leading IT company, plans to hire 500 tech professionals across India, targeting expertise in data engineering, AI, digital product engineering, and intelligent automation.
- CEO Thomas Collins expresses enthusiasm, citing India's talent pool as pivotal to Marlabs' initiatives. The company's operations in cities like Bengaluru, Kochi, Mysore, and Pune contribute to its culture of innovation.
- The recent acquisition of OneBridge further necessitates skilled professionals' recruitment. With Collins at the helm, Marlabs is poised for growth, driven by its passionate workforce and expanding opportunities in the tech domain.
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Cognizant headcount declines by 7,600 to 3.4 lakh
- Cognizant's headcount shrank by 7,600 employees to 3.4 lakh employees in the 2023 financial year compared to the corresponding period last year.
- The reduction was significant in India and onsite, attributed to macroeconomic challenges and prolonged decision-making cycles. Voluntary attrition eased to 13.8%. The company anticipates $70 million in costs for its NextGen program, focusing on operational simplification and office consolidation.
- Embracing AI technologies, including GenAI, Cognizant aims to enhance client offerings and internal operations, training 137,000 employees in digital skills. It acquired Thirdera for $430 million to bolster its ServiceNow expertise.
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HCLTech warns employees to report to office thrice a week or face disciplinary action
- HCLTech, India's third-largest IT company, has mandated its Digital Foundation Services (DFS) employees to work from the office at least three days a week, effective February 19. Failure to comply may result in disciplinary action, including leave without pay, as per the company's policy.
- This move follows similar directives from peers like TCS, Infosys, and Wipro. HCLTech's emphasis on in-office presence aligns with a broader trend in the industry, despite ongoing discussions around hybrid work models.
- The decision reflects the company's focus on productivity and operational efficiency, amid its strong performance in the December quarter and steady headcount growth.
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Bengaluru software engineer posts about ‘recession in tech,’ gets laid off a day later
- Jishnu Mohan, a Bengaluru-based techie, found himself abruptly laid off from his software engineer position at Forma, just a day after voicing concerns about his low confidence level in his career.
- In a tweet on February 7, he expressed his unease, stating, "The whole recession situation in tech making me unease. May be at the lowest confidence level in my career."
- Less than 24 hours later, Mohan shared an update about being let go. “That was quick. I got laid off today, as part of reorg. So actively looking for a job now. Please let me know if anyone is hiring,” the techie appealed.
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Fired from Facebook, man starts own tech company, earns ₹ 27 crore a year
- Noah Kagan, once fired from Facebook, has emerged as a shining example of turning adversity into opportunity. As the CEO and co-founder of AppSumo, he now boasts a staggering annual income of approximately $3.3 million (Rs 274,319,265).
- Raised by immigrant parents, Kagan's journey epitomizes the American dream. From humble beginnings to tech industry success, his story underscores the power of perseverance and entrepreneurial spirit.
- Despite early setbacks, Kagan's unwavering desire for financial success drove him to establish his own company, redefining his path to prosperity. Today, his remarkable journey serves as inspiration for aspiring entrepreneurs worldwide.
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Here's how many jobs were cut by tech companies in the first month of 2024
- In the first month of 2024, the tech industry witnessed a significant wave of job cuts, totaling 32,000 according to Layoffs.fyi.
- Snap's announcement of a 10% reduction in its workforce, affecting approximately 540 employees, is emblematic of this trend. Other notable layoffs include Okta's elimination of 7% of its staff, impacting around 400 workers. The list goes on, including Big Tech employers like Amazon.com Inc., Salesforce Inc. and Meta Platforms Inc.
- According to an analysis by CompTIA, which tracks employment trends in the tech industry, job postings in "artificial intelligence or requiring AI skill increased by about 2,000 from December to January, to 17,479."
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Now, TCS employees have to do this to get next promotion & variable pay
- In a significant move, Tata Consultancy Services (TCS) has reportedly linked promotions and variable pay to compliance with its return-to-office (RTO) mandate.
- Employees are required to work from the office for all five days of the week, with grades for promotions determined by their track record of adherence to the policy. Freshers completing assigned courses will receive digital compensation, making them eligible for higher salaries.
- TCS aims to enhance customer experience through an expanded partnership with Aviva, managing 5.5 million policies. Additionally, the company plans to double its workforce in France, signaling strategic growth in international markets.
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IT campus hiring tumbles to two-decade low
- The Indian IT sector is grappling with a historic low in campus hiring, with estimates suggesting only 70,000 to 80,000 fresh engineers will be hired in FY24, the lowest intake in over two decades.
- The decline follows a dramatic downturn initiated in fiscal 2022, when the industry hired a record 600,000 freshers. The current slowdown is attributed to subdued demand for digitization post-COVID-19 and geopolitical conflicts.
- Top companies like Infosys and Wipro are expected to skip campus hiring for a second consecutive year, and tier 2 colleges are likely to be disproportionately affected. Analysts cautiously anticipate a revival in FY25.
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Infosys techie killed at hotel near Pune; check details
- In a tragic turn of events, Vandana Dwivedi, an Infosys techie, was fatally shot at a Pune hotel. The incident unfolded at an Oyo hotel in Pimpri Chinchwad's Hinjewari area, with police discovering her lifeless body and signs of a violent altercation.
- The alleged perpetrator, identified as her boyfriend Rishabh Nigam, was apprehended after being caught on hotel CCTV leaving the room late at night. The investigation reveals a relationship between the victim and the suspect, with a heated dispute leading to the murder.
- Authorities recovered a pistol from Rishabh, strengthening the case. The Infosys community mourns as justice for Vandana is sought.
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Educational qualifications of the top 5 richest people in the world
- Elon Musk, armed with bachelor's degrees in Physics and Economics from the University of Pennsylvania, co-founded companies like SpaceX and Tesla, reshaping the future of space exploration and sustainable energy.
- Jeff Bezos, a Princeton University graduate in electrical engineering and computer science, revolutionized e-commerce through Amazon. Bernard Arnault, an École Polytechnique engineering alum, leads the luxury conglomerate LVMH.
- Meanwhile, tech giants Bill Gates and Mark Zuckerberg, Harvard dropouts, founded Microsoft and Facebook, redefining the digital landscape. Their varied academic journeys highlight the unique ways in which these pioneers shaped their industries.
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Meet IIT Bombay graduate who quit high-paying corporate job to become a monk at 29
- Sanket Parekh, an IIT Bombay graduate, took an unconventional path after working as a chemical engineer in the US. Introduced to Jainism by a senior at IIT, Bhavik Shah, who had taken 'Diksha' in 2013, Parekh delved into the philosophy of the soul, mind, and body.
- Despite being an atheist, he left his high-paying job, spent two and a half years learning Jain rituals under Acharya Yugbhushansurji, and ultimately chose the path of a monk.
- Parekh, who once paid Rs 12 lakh per annum in income tax, stated, "I would have got everything if I had decided to have a career, but my inner self would never have been at peace like it is today."
- Despite initial resistance from his mother, he convinced her that this path was essential for his happiness.
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Most big IT companies are not strict about work from office rule
- Major IT companies, including Infosys, HCL, and Cognizant, are not strictly enforcing the mandated return-to-office policies, focusing more on deliverables and upskilling.
- Some employees, like a woman at HCL based in Chennai, are permitted to work from different locations, such as Bengaluru, for childcare reasons. Infosys, while having a phased return plan, leaves the decision to managers, with some employees only going to the office when asked by their managers.
- In contrast, TCS is deducting salaries for non-compliance with the return-to-office guidelines, reflecting a stricter approach.
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