Nearly 11000 techies quit TCS,Infosys,Wipro,HCL Tech, Tech mavhindra in Q1

India's top IT companies reported a decline in the total strength of employees in the quarter for the first time due to lesser hiring and cost cutting measures in the aftermath of COVID-19.
Headcount addition has traditionally been a strong indicator of growth of IT companies but that has been coming down due to automation.
Why Are My Employees Leaving? 4 Reasons Your Workers Are Dropping ...
For the april june quarter, TCS headcount went down by 4786,infosys by 3138, HCL tech by 136, wipro by 1082 and tech mahindra by 1820.In all 10962 people left these software firms during the quarter.

Comments

Post a Comment

Popular posts from this blog

Interesting story of Lataji's Rakhi Bhai: Composer Madan Mohan promised that in every of his films Lata would sing, it was played even after death.

Image
Bollywood movies and songs on Rakshabandhan are immortal. Some relationships in Bollywood have also been tied to this Rakhi door forever. One such bond is that of Swarakokila Lata Mangeshkar and composer Madan Mohan. Madan Mohan was Lataji's Rakhi brother and promised his sister that he would sing the song in each of his films. Know the story of this relationship on the occasion of Rakshabandhan, for which the promise given to Lataji was kept even after the death of Madan Mohan. This was how the brother-sister relationship was connected The story of Lata and Madan Mohan's relationship is also very interesting. Rakshabandhan was there that day. Madan Mohan was deeply saddened that Lata Mangeshkar could not sing any song in her first film. Madan Mohan brought Lataji to his house and gave a rakhi and said - Today it is rakhi. Tie it to my wrist After this, Madan Mohan reminded Lataji and said - When we first met, we sang the song of brother and sister. From today you are my younge
Read more

US presidential elections to be held on time: White House said - elections will be held on November 3, but if 100% voting is done by mail-in ballot, then it is difficult to give results till January 1.

Image
Trump had also previously expressed concerns about mail-in-voting, saying that these elections would prove to be the most fake elections in history. White House Chief of Staff Mark Meadows said President Trump's concerns about mail in ballot justified White House Chief of Staff Mark Meadows said on Monday that presidential elections in the US would be held on time. He said that elections will be held on November 3 and President Donald Trump will win in it. But he also said that 100% voting is done by mail-in ballot, then the results will not be available on time. Earlier, Trump hinted at postponing the election. Trump had expressed concern about the mail-in ballot and said that these elections would be the most bogus elections in history and a big embarrassment for America. However, he later denied this. Trump's concerns justified: Meadows Meadows also spoke on the mail-in ballet issue raised by Trump in an interview to a TV channel. He said Trump had only voiced his concerns o
Read more

Rise in ventilator manufacturing led to new segment demand: JAL

Image
Overall, when the first quarter was a washout for most companies, Jindal Aluminium Ltd. (JAL), a leading aluminium extrusion company, witnessed rising demand from ventilator manufacturers as the spread of COVID-19   necessitated the use of this vital equipment at hospitals to save the lives of critical patients. However, the overall demand scenario remained muted, said  Pragun Jindal Khaitan,  vice chairman and managing director of the 3000 crore manufacturer of aluminium extrusions and aluminium flat-rolled products. The upsurge in the manufacturing of ventilators triggered by COVID-19 cases led to a new segment demand of aluminium extrusions. These aluminium extruded products support functions of a ventilator in one way or the other. Approximately, we [have] supplied more than 100 MT of these products till now. From here, as the economy opens, we only see an increase in demand.
Read more