Login . Register .
Latest Trades
Alice AliciaCLOSEDSHORT0.82%HAW PAR CORP LTD
Alice AliciaCLOSEDSHORT2.11%BUMITAMA AGRI LTD.
Alice AliciaCLOSEDSHORT2.60%CSE GLOBAL LTD
Post Reply 
India : IT industry (& engineering) started mass retrenchment liao!
Author Message
22-4-2017 9:42 PM
qiqiha Offline
Guru

Posts: 20,918
Reputation: 8
[Image: 490111.jpeg]

http://wap.business-standard.com/article/companies/carnage-in-it-sector-as-wipro-fires-500-here-is-what-other-cos-are-doing-117042100111_1.html

Carnage in Indian IT? As Wipro fires 500, here is what other cos are doing

This year, the appraisal cycles come in the backdrop of a recent report by advisory firm McKinsey & Company, which said that almost half of India's 3,700,000-strong IT services workforce will be "irrelevant" over the next three-four years.
(This post was last modified: 22-4-2017 10:04 PM by qiqiha.)
Find all posts by this user Quote this message in a reply
22-4-2017 9:45 PM
qiqiha Offline
Guru

Posts: 20,918
Reputation: 8
http://m.businesstoday.in/story/wipro-layoffs-indian-it-sector-job-cuts-lay-off/1/250479.html

Wipro layoffs: Here's why Indian IT sector may see more job cuts in the days ahead
(This post was last modified: 22-4-2017 9:46 PM by qiqiha.)
Find all posts by this user Quote this message in a reply
22-4-2017 9:49 PM
Tangsen Online
First Class Elite

Posts: 6,551
Reputation: 8
No leh, these ne.h companies in SG Wipro, Cognizant, Tata & Infosys are hiring in SG. I am not sure if it is for Singaporean, even thou it's SG based
Find all posts by this user Quote this message in a reply
22-4-2017 9:54 PM
Blake1116 Offline
Senior Sheep

Posts: 1,119
Reputation: 2
Modi headache
Find all posts by this user Quote this message in a reply
22-4-2017 9:55 PM
sgbuffett Offline
Hall of Fame

Posts: 32,475
Reputation: 59
After engineering next thing to avoid is IT

I, being poor, have only my dreams;
I will do my utmost to keep them alive.
Against tyrants and adversity, I will strive.
Together, a better future, we will realise......
Find all posts by this user Quote this message in a reply
22-4-2017 10:02 PM
qiqiha Offline
Guru

Posts: 20,918
Reputation: 8
India's engineering already started mass layoff last year (2016)

http://m.economictimes.com/industry/indl-goods/svs/engineering/in-one-of-indias-biggest-ever-layoffs-lt-sheds-14000-employees-from-its-workforce/articleshow/55570052.cms

In one of India's biggest-ever layoffs, L&T sheds 14,000 employees from its workforce
(This post was last modified: 22-4-2017 10:03 PM by qiqiha.)
Find all posts by this user Quote this message in a reply
22-4-2017 10:04 PM
Casanova Offline
Master Hall of Fame

Posts: 21,235
Reputation: 150
India would see the biggest impact on jobs due to automation (Read more). clap
Find all posts by this user Quote this message in a reply
22-4-2017 10:04 PM
Casanova Offline
Master Hall of Fame

Posts: 21,235
Reputation: 150
India has moved ahead of times.
Find all posts by this user Quote this message in a reply
22-4-2017 10:05 PM
qiqiha Offline
Guru

Posts: 20,918
Reputation: 8
22-4-2017 10:04 PMCasanova wrote  India has moved ahead of times.

Moved ahead to create massive joblessness! Rolling on the flor laughing

Quote: According to media reports, Wipro laid off around 600 employees, while many predict the number to go as high as 2,000.

The layoffs at Wipro come at a time when industry body Assocham has warned that the Indian IT firms may be forced to displace work force amid US tightening H-1B visa norms and rising rupee leading to lower realizations for software exports

http://m.businesstoday.in/story/wipro-layoffs-indian-it-sector-job-cuts-lay-off/1/250479.html
(This post was last modified: 22-4-2017 10:10 PM by qiqiha.)
Find all posts by this user Quote this message in a reply
22-4-2017 10:06 PM
Tangsen Online
First Class Elite

Posts: 6,551
Reputation: 8
22-4-2017 10:04 PMCasanova wrote  India has moved ahead of times.

Sewage Ganges Shxtland .... moved? They are perpetually stuck in the 50s
Find all posts by this user Quote this message in a reply
Post Reply 
User(s) browsing this thread: 1 Guest(s)

Forum Jump:
Contact . Privacy . Rules .  RSS . Back-to-Top