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Amid IT layoffs, this US firm plans to hire over 1,000 techies in India
- United States-based data analytics and cloud software solutions provider Axtria Inc is planning to hire 1,000 people annually in India over the next three years, according to President and CEO Jaswinder Chadha, Swati Bharadwaj reports for The Times of India.
- The firm inaugurated a global innovation hub in Hyderabad, with offices in Gurugram, Noida, Bengaluru, and Pune. Presently, 70% of its 3,500-strong workforce operates in India.
- Last year, they hired 700 individuals, encompassing freshers and professionals for data engineering, software development, and data science roles. The New Jersey-based company's engineers, data scientists, and domain experts cater to the life sciences sector.
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Vision is to empower every job role with AI assistant: Infosys HR chief
- Infosys, a leading IT company, aims to empower every employee with an AI assistant to enhance productivity and efficiency across job roles.
- Shaji Mathew, the Group Head of Human Resource Development, emphasized Infosys' commitment to integrating Human-AI capabilities seamlessly. With nearly 3.5 lakh employees, the company plans to make the AI assistant accessible to all team members, including developers, support engineers, consultants, and sales executives.
- Mathew stressed the importance of embracing AI as a complement to human capabilities rather than a replacement.
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AI will lead to 70% employees getting laid off in India's IT sector, warns former HCL CEO
- Former HCL CEO Vineet Nayar warns of a significant impact of AI on the Indian IT industry, predicting a 70% reduction in the required workforce due to automation.
- He emphasizes upskilling current employees over mass layoffs, citing ethical concerns and long-term industry sustainability. Nayar sees AI offering opportunities for IT firms to enhance customer relevance and strategic importance.
- However, he cautions against hastily replacing experienced staff with AI-equipped newcomers, highlighting potential long-term consequences. Amidst a proliferation of AI tools like ChatGPT and Copilot, Nayar urges careful consideration to navigate the evolving landscape effectively.
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Infosys targets 45% women in workforce by 2030 to bolster women's representation in tech
- Infosys, a leading IT giant, aims to bolster women's representation in its workforce, targeting 45% by 2030. Currently standing at 39.3%, the company's Vice President of Diversity & Inclusion, Aruna C. Newton, leads initiatives to attract and retain female talent.
- These include specialized programs like 'Mom's Net' and 'iMother App', providing support and resources for returning mothers. Additionally, Infosys addresses gender bias through campaigns like #SpotItToStopIt.
- Embracing diversity not only enhances workplace culture but also taps into India's vast STEM talent pool, contributing to business success and national objectives.
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Psychometric tests, higher score, hand-written codes: Tech companies make freshers sweat for an offer
- In an era where technology reigns supreme, India's top engineering graduates face a challenging landscape in securing entry-level positions.
- Tech giants are setting higher standards, demanding expert-level skills, impeccable communication, and even handwritten code from freshers. The stringent criteria, including psychometric tests, reflect a shift towards skill-based hiring, with proficiency in AI, data science, and cybersecurity being particularly coveted.
- As the industry evolves, educational institutions are adapting, aligning courses with industry demands. Yet, bridging the employability-skill gap necessitates a holistic approach, involving colleges, industries, government, and the ed-tech ecosystem.
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10 companies that have asked employees to work from office at least three days a week
- Tech giants like TCS, Infosys, Google, HCLTech, Wipro, Cognizant, Amazon, Meta, IBM, and Dell are ushering in a return to office culture, requiring employees to work from office at least three days a week.
- These companies cite improved collaboration, productivity, and company culture as reasons for the shift. While some employees resist due to relocation challenges, consequences like job loss or missed promotions loom for non-compliance.
- This transition underscores the evolving dynamics of workplace flexibility and the enduring significance of physical presence in corporate environments. As the threat of Covid-19 wanes, the debate over remote work versus office attendance intensifies among tech industry leaders.
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Tech layoffs surpass 15,000 in February 2024: Why SAP, Cisco, others are on firing-spree?
- Tech layoffs surged in February 2024, with over 15,000 employees impacted across 74 major companies. Factors such as economic instability, strategic restructuring, and pressure from investors drove this trend.
- Companies like SAP and Cisco initiated significant layoffs as they recalibrate their operations amidst changing priorities. Additionally, the rise of AI and automation contributed to the shift in workforce dynamics.
- While these layoffs aim to enhance financial performance, stakeholders must prioritize sustainable solutions that safeguard employee well-being. As the tech industry navigates through uncertainty, adaptability and resilience are crucial for addressing emerging challenges and shaping a sustainable future.
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Raise your hand if you want to leave the company: IBM to employees
- IBM is implementing a new approach to streamline its workforce, asking employees who wish to leave voluntarily to come forward amid preparations for additional job cuts.
- This move, termed the Resource Action, primarily targets Europe, with Slovakia bearing the brunt. While the company aims for $3 billion in annual savings, it emphasizes the initiative is not solely cost-driven but transformative.
- IBM plans to reinvest savings into technical and industry skills. With no specific figures disclosed, the focus remains on aligning the workforce with evolving client demands, particularly in AI and hybrid cloud domains, as confirmed by an IBM spokesperson.
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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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