BENGALURU: 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 in net hiring in several IT firms reflects subdued macroeconomic indicators, continued pressure in banking and financial services, decision-making cycles are now longer, and there’s softness in discretionary spending.The Nasdaq-listed … Read more
Headcount at IT biggies falls! The top companies in India’s information technology sector have experienced a decline in their workforce for the fourth consecutive quarter. This decline can be attributed to a reduction in recruitment at the entry level and a slow hiring process to compensate for attrition. The uncertain demand environment in their major … Read more
Riot Games, the developer of popular titles like Valiant and League of Legends has revealed that it is laying off hundreds of employees. Riot Games’ CEO Dylan Jadeja sent an email to all employees saying how the company had doubled the headcount in the last couple of years. “Over the past few years, as Riot … Read more
ET Intelligence Group: India’s top two software exporters TCS and Infosys reported a sustained new deal momentum during the seasonally weak December quarter amid economic uncertainties in key markets of the US and Europe. In addition, each of the companies continued to show lower employee attrition and falling headcount which reflects the muted demand outlook … Read more
HYDERABAD: US-based digital transformation solutions provider UST has opened its new facility in Hyderabad that will serve as a centre for innovative research and development in emerging technologies such as Artificial Intelligence (AI), Machine Learning (ML) and IoT.The new facility, which has come up at the International Tech Park in the IT hub of Madhapur, … Read more