Tuesday, March 31, 2009

Google is hiring, even after layoffs

Google Inc is hiring to fill about 360 jobs, even after it announced plans this week to lay off almost 200 sales and marketing employees in its third round of job cuts this year.

The openings listed on Google's website range from software engineers to sales and marketing positions, to one opening for a Foodservices Supply Chain Manager at Google's Mountain View, California headquarters.

Hollywood Lions Gate is cutting jobs again

Under pressure, the Santa Monica studio eliminates 45 more positions, out of 550, after a similar move in November. Amid continuing fallout from the tough economy and volatility of its movie and DVD business, Lions Gate Entertainment Corp. has slashed jobs for the second time in five months.

The Santa Monica-based movie and television studio is eliminating 45 positions, or 8% of its 550-person workforce, the company said Friday. The latest downsizing included 27 people who were laid off Friday and 10 who were moved into independent contractor consulting jobs and production deals. Eight open positions will not be filled.

Cognizant, Pepsico among 50 best US cos: BusinessWeek

Cognizant Technology Solutions and Pepsico, both led by India-origin people, have found a place in the list of 50 best American corporates compiled by the BusinessWeek magazine.

IT major Cognizant ranked at the 31st spot is led by Francisco D'Souza, while snacks and beverages firm Pepsico, which is at the 40th spot, is headed by Indra Nooyi.

The league of 50 best corporate performers is topped by healthcare entity Gilead Sciences. CF Industries Holdings, which is into materials sector, and energy firm Diamond Offshore Drilling are at second and third spots, respectively.

Both Cognizant and Pepsico have slipped from their last year's 19th and 31st positions, respectively. However, Pepsico's rival Coca-Cola is at the 26th spot, improving its position from the 45th rank last year.

At fourth place is Windstream, which is into telecommunication services, followed by Colgate-Palmolive (5th), Robinson (CH) Worldwide (6), Exelon (7), Microsoft (8), Best Buy (9) and Mastercard (10).

The ranking is based on two core financial measures, average return on capital and growth, both taken over the previous 36 months.

iPhone maker Apple (15th rank), telecom firm Verizon Communications (21st) and Internet search giant Google (35th) are also part of the list.

About Cognizant, the publication said the company seems to defy gravity.

"CEO Francisco D'Souza has appointed 700 relationship managers to work closely with the company's 500 clients, enabling Cognizant to track their needs and respond quickly to shifts in demand. As a result, 90 per cent of the company's revenues come from repeat business, which keeps selling costs low," it said.

The magazine said Pepsico which has sales worth USD 43.3 billion, has been on a marketing and repackaging frenzy.

The company is "replacing its old Gatorade labels with a giant "G," shorthanding Mountain Dew to "Mtn Dew," and giving Pepsi itself a simpler logo reminiscent of the Obama "O" campaign logo," the publication noted.

"... Pepsi still faces a slog selling soda to Americans who drink less of it. But CEO Indra Nooyi is betting that new advertising and innovation will keep sales fizzing," it said.

BusinessWeek said the 13th annual ranking of the companies shows that "innovation is still alive and well vital, even among America's largest companies".

"To arrive at the BusinessWeek 50, we run data screens on all of the companies in the Standard & Poor's 500-stock index, focusing on sales growth rate and return on invested capital.

"All the companies are measured over time, to reward sustained performance, and compared against other companies in the same sector...," the magazine said.

Hitachi to shut plant, lays off 800

Hitachi Ltd, a Japanese maker of nuclear reactors, household appliances and hard disk drives, said it will close its flat-panel television factory in the Czech Republic amid slumping demand.

The company, Japan’s second-biggest plasma-television maker, will end operations at the plant this month, laying off all 800 employees, Hiroki Inoue, a Tokyo-based spokesman at Hitachi said. The factory has been in operation less than two years, he said.

ATCO I-Tek entered strategic relationship with Wipro

ATCO I-Tek, a subsidiary of Canadian Utilities Ltd and a provider of customer care, utility billing and information technology solutions, has entered into a strategic relationship with Wipro (NYSE:WIT), a multi-national service provider, to provide joint delivery of some customer care services and to pursue new opportunities in the utility business process outsourcing market.

ATCO I-Tek said its relationship with Wipro's Business Process Outsourcing (BPO) division brings together a combination of outsourcing strengths, industry expertise and service delivery solutions.

One of the benefits of the relationship for the company will be the ability to access international service delivery centres, in addition to its operations in Alberta, Canada, in order to enhance its competitiveness and offer more flexibility to clients. No financial details were disclosed.

6,400 Satyam employees quit since September

Satyam Computer Services, which is in search of a new owner, has around 46,600 employees on its rolls now. Nearly 6,400 employees quit the IT firm after September last year, when the company claimed a headcount of 53,000.

Satyam’s suitors have been given information on the validated headcount during the due diligence of the assets of the beleaguered IT firm, people familiar with the development said. Engineering firm Larsen & Toubro, IT services firm Tech Mahindra and a private equity firm are among the seven to eight shortlisted bidders, who have started the due diligence.