Showing posts with label global recession. Show all posts
Showing posts with label global recession. Show all posts
Saturday, March 7, 2009

Obama names Indian American Kundra as infotech czar

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US President Barack Obama Thursday named Vivek Kundra, a 34-year-old Indian American, as the federal chief information officer (CIO) at the ...

Have small IT firms outwit the big IT giants?

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It is not a secret that are at the lower rung of the competition hierarchy in the European technology market. Indian firms still have a long...

Motorola ex-CFO sues for firing him

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Motorola Inc's former chief financial officer (CFO) has sued the company for firing him, claiming that it was a "retaliatory discha...
Monday, March 2, 2009

Will HCL Tech layoff 450 employees?

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IT services company HCL Technologies has asked 450 employees at its Delhi and Bangalore offices to leave. A majority of those axed were on t...

Infosys cuts five percent of Australia staff

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Top IT firm Infosys Technologies is restructuring its Australian operations. This has created some redundancies, downsizing its workforce at...
Saturday, February 28, 2009

Yahoo CEO ushers out CFO in executive shake-up

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After spending six weeks diagnosing Yahoo Inc.'s troubles, new Chief Executive Carol Bartz started to prescribe a cure on Thursday with ...
Tuesday, February 24, 2009

Is Vodafone to layoff hundreds of jobs?

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Vodafone, the world's largest mobile phone group by revenue, is to cut hundreds of jobs in Britain, according to a report on Sky News. T...
Friday, February 20, 2009

No impact on KPOs due to global downturn

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Knowledge Processing Outsourcing (KPO), over which India's holds the sway with a potential $12 billion market by 2010, is expected to gr...
Wednesday, February 11, 2009

Intel invests big in US; Just as others cut costs

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Chip giant Intel is swimming against the tide. At a time when most of the companies are cutting back on their expenses in the U.S., Intel is...
Saturday, February 7, 2009

Japanese electronics major Sharp to layoff 1,500 jobs

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Japan's Sharp Corp said that it would eliminate 1,500 domestic jobs as the electronics maker predicted its first-ever operating loss thi...
Thursday, January 29, 2009

VCs bullish on Indian IT Sector

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The year 2009 is slated to be an interesting year for entrepreneurs and venture capitalists (VCs) alike. Even as the global recession contin...
Wednesday, January 28, 2009

'Bloody Monday' sees over 50,000 job cuts

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Tens of thousands of job losses were announced in the US on Monday. American economists say they expect the recession to worsen this year. U...
Thursday, January 22, 2009

Microsoft cuts 5,000 jobs as part of first layoffs

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Microsoft Corp. said Thursday it is cutting 5,000 jobs over the next 18 months -- more than 5 percent of its work force -- a sign of how bad...
Saturday, January 17, 2009

Citi posts $8.29 bn loss, splits up company

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Citigroup Inc unveiled a broad restructuring plan designed to shed weaker businesses and troubled assets, and also reported an $8.29billion ...
Thursday, January 1, 2009

General Motors gets first tranche of US loan

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General Motors Corp received its first multibillion dollar loan installment from the US Treasury Department Wednesday night, right in time t...
Wednesday, December 31, 2008

Dell preparing for changes in senior management

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Dell Inc's president of global operations, Michael Cannon, and chief marketing officer, Mark Jarvis will leave their roles in moves expe...
Friday, December 26, 2008

50,000 Indian IT jobs may go, says UNITES

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Over 50,000 IT professionals in the country may lose their jobs over the next six months as the situation in the sector is expected to worse...

Will Japanese production plunge amid global slump?

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Japanese production fell at the fastest rate on record in November as firms closed factories and cut jobs due to slumping demand brought on ...

Will oil prices rebound in post-Christmas trade?

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World oil prices rebounded in Asian trade on Friday after tumbling to four-year lows before the Christmas break, with economic gloom weighin...
Friday, December 12, 2008

Will IT slowdown continue till Q3 of 2009?

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The tech slowdown will continue up to the third quarter of 2009, according to global research firm Forrester. IT consulting and systems inte...
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