Sunday, October 27, 2013

Infosys inducts 12 executives into management team

In perhaps the biggest ever expansion of its leadership team, Infosys has inducted 12 new faces to the executive council (EC). This takes the total strength of its highest decision-making body to 30. With this, the EC's strength has almost doubled since the end of 2012-13, when it had 16 members. In comparison, rival Wipro has 23 members in its management team. As EC members, the new Infosys inductees will be entitled to an allowance of $150,000 each per annum pro rata for the period as member. "We have strengthened our executive council to help us drive focus on key growth areas," the company said.
Source: http://timesofindia.indiatimes.com/tech/careers/job-trends/Infosys-inducts-12-executives-into-management-team/articleshow/24678879.cms
, ,

Wipro to train over 100 foreign interns in India

As the spotlight remains fixed on the issue of onsite hiring for IT firms, Wipro is planning ahead in cultivating teams of local business leaders with an Indian ethos. The company is scaling up its "India gateway" programme, through which it gives campus recruits from the UK, Europe, and Africa an opportunity to spend months at a time in its India campuses.

Launched last year, Wipro says the programme has been more successful than anticipated, and this year, over 100 employees across the world are expected to be working here.

"Going forward, the number of local hires abroad will only increase. Management also has to come from local talent more in the future. Keeping that in mind, we felt it was important to have locals immerse themselves in the culture of the company. Having them train here is a great way to do that," says Sourabh Govil, senior vice president - Human Resources, Wipro.
Source:http://timesofindia.indiatimes.com/tech/careers/education/Wipro-to-train-over-100-foreign-interns-in-India/articleshow/24702441.cms

Saturday, August 24, 2013

Educomp starts cost optimisation; cuts 3,500 jobs

Education solutions provider Educomp Solutions today said it has cut 3,500 jobs in the last three months and has also initiated measures to spur growth.

"Educomp has announced a slew of measures aimed at putting the company back on a growth trajectory at a time when market sentiment is adversely impacting bottom lines across industry and has pushed the education sector into negative growth territory," it said in a release.

The plan entails modifications in structure, systems and sales strategies to return the firm to profitability in the current and following fiscal. Within this transformational plan, a series of tactical steps have been identified to fast-track the correction, it added.
Source: IndiaTimes
, ,

US tech giants face uncertain future

Outsiders often think of Silicon Valley as a constantly changing landscape, a place where fortunes rise and fall with the next great idea. Now some of the technology industry's biggest names are finding out that once you fall behind, it is pretty hard to catch up. 

Hewlett-Packard announced several significant personnel changes, along with sharply lower revenue and narrower operating profit margins. It was the latest in a string of disappointing earnings news from big technology companies that has some asking if the industry, after at least five years of growth, is finally slowing down. 
Click here to Read more. 
,

Corporates cutting jobs to to save costs: Study

Faced with a tough economic scenario, corporates are cutting jobs and rationalising manpower to save on costs and the situation is likely to get worse in coming days, according to an Assocham study. 

"Alongwith the increasing number of corporates rushing to banks for debt restructuring, scores of them are also being forced to go in for manpower rationalising, reducing the headcount to save costs which they are unable to bear in the face of a difficult economic environment," according to the Assocham report on on Impact of Slowdown on Employment. 

The sad part is the situation is likely to become worse, rather than improve, in the weeks to come and the pain would only increase, it said. 

The companies resorting to rationalisation of manpower belong to sectors like infrastructure, gems and jewellery, educational solutions, realty, non-banking finance companies, especially in the gold-loan segment, media and public relations. 
Source: http://economictimes.indiatimes.com/news/news-by-industry/jobs/corporates-cutting-jobs-to-to-save-costs-study/articleshow/21939363.cms
,

Adaequare plans to hire 150 professionals by March end

Data engineering and analytics solutions provider Adaequare plans to hire 150 professionals by end of this fiscal. 

The Hyderabad-based company is also looking to acquire small-sized companies with niche tools to drive growth. 

"Adaequare is looking at a good mix of organic and inorganic growth to continue staying ahead of the curve in the Data Engineering and Analytics space. We plan to hire 150 professionals by end of this fiscal," said Raju Bhupati, who has been elevated to the position of COO, said in a statement. 

"We are also looking at acquiring small firms with 30-50 people in areas such as testing. A few firms are on the radar. We are evaluating them," he said.