Showing posts with label layoffs. Show all posts
Showing posts with label layoffs. Show all posts
Monday, November 2, 2009

80,000 engineers to be absorbed in IT sector by 2010

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Software industry body, Nasscom expects at least 70,000-80,000 engineering graduates who passed out in June 2009 and were offered jobs in th...
Saturday, October 31, 2009

Canada Ford plant to shutdown in 2011, layoff 1,400 jobs

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US automaker Ford Motor Co. will shutter one of its manufacturing plants in Canada in 2011, a move that will cut 1,400 jobs, the Canadian Au...
Friday, October 30, 2009

iGate expands Whitefield campus; To hire 1,500 by 2010

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iGate on Thursday inaugurated the fourth phase of its global delivery facility at its campus in Whitefield, Bangalore. The new facility, set...
Wednesday, September 30, 2009

Will $1-b BSNL outsourcing deal impact 30,000 jobs?

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Bharat Sanchar Nigam (BSNL) is planning to outsource the management and maintenance of its towers and cable networks to compete more effecti...
Saturday, September 26, 2009

IT services deal signed between GE, Mahindra Satyam

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Mahindra Satyam today said it has received an extension of its multi-million dollar contract with GE for next three years January 1, 2010. G...
Friday, September 25, 2009

Ford Motors on a hiring spree in India

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Ford Motors has signed an agreement with the Tamil Nadu government for the $500-million expansion programme at its manufacturing facility at...
Tuesday, September 22, 2009

Twenty seven lose job every hour in America

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Despite the US economy showing indications of recovery, the global job market remains gloomy, with companies laying off at least 27 employee...
Wednesday, September 16, 2009

Infosys opens training centre in Mysore

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It was a wistful Sonia Gandhi who loved her day out on Tuesday. Happy to have “bunked school”, she said she was charmed by the environment, ...

Omniture to be acquired by Adobe for $1.8 billion

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Adobe Systems Inc plans to pay $1.8 billion for fast-growing business software maker Omniture Inc as the maker of Photoshop and Acrobat look...
Tuesday, September 15, 2009

$215 b losses for UK banks, says Moody’s report

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UK banks are less than half way through posting £240 billion ($398 billion) of losses on loans and securities, a reflection of the country’s...
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Monday, September 14, 2009

StanChart to open KPO in Bangalore; Hire 2,000 staff

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Foreign lender Standard Chartered Bank plans to hire around 2,000 employees in India in the current financial year, a top official said. The...
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Indian IT firms see return of hiring, salary hikes

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Many were predicting six months back that the Indian IT industry would be entering its twilight zone, but now there are indications that the...
Sunday, September 13, 2009

Cisco expands campus; Likely to increase headcount

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Cisco will be adding two additional office blocks totaling a floor area of 70,000 square feet. The expansion will happen around its 2.1 mill...
Friday, September 4, 2009

Does TCS plan to hire 25,000 jobs globally?

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In a move that could bring a smile to many faces, Tata Consultancy Services (TCS) has announced that it will hire 25,000 people globally in ...
Tuesday, September 1, 2009

$17 bn software exports for India's IT state

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Defying the global meltdown, Karnataka earned $17 billion (Rs.74,929 crore) from software exports last fiscal (2008-09) as against Rs.60,800...
Friday, August 28, 2009

Will Nissan unit shift from UK to Chennai lead to job losses?

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Japanese major Nissan has decided to shift the entire production of its small car Micra from the UK and relocate it to India. After producti...
Monday, August 24, 2009

Will Accenture layoff 336 executives in 2009?

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Accenture, a business consulting and outsourcing company is likely to lay off around 336 senior-level managers as part of a broad-based rest...
Saturday, July 18, 2009

Will Cisco layoff another 600+ jobs?

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Another round of employees at Cisco Systems reportedly got pink slips Thursday, as the company laid off several hundred employees as part of...
Sunday, July 12, 2009

Has Siemens IT arm sacked over 500 as Union claims?

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IT firm Siemens Information Systems, a unit of German conglomerate Siemens, today said it has laid off 128 employees as part of its cost cut...
Saturday, July 11, 2009

Will GM coninue to layoff another 4,000 jobs?

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After a night spent signing mounds of paperwork authorizing the transfer of cash, real estate, technology and other property, GM attorneys a...