Indian companies lack empathy: Ratan Tata

The head of Tata Group, Mr.Ratan Tata says that Indian companies lack empathy as they layoff employees in these pandemic times. He also says that it is a knee-jerk reaction to layoff employees

Indian companies lack empathy: Ratan Tata

In an interview, Mr.Ratan Tata says that the top leadership of these companies does not have empathy for its employees. In his own words “These are the employees who worked for you. These are the people who have served you all their careers. You send them out to live in the rain. Is that your definition of ethics when you treat your labor force that way?”

This pandemic has brought several losses to the Tata group. But still, these companies did not layoff any of its employees. Across the nation, several companies fired their employees due to lack of revenue

However, the salaries of the top officials at the Tata company are cut by 20%. Almost all the Tata group companies belonging to Airlines, Hotels, Finances, have incurred several losses

But they did not fire any of their employees till now. Mr. Ratan Tata says that if the company is not sensitive to its people, it cannot survive.

He further says that while everyone is chasing profits, if you are not ethical to your employees, there is no point. Business is not always about making money. Sometimes it’s about being ethical to your own employees

He also says that the important thing right now is to not shy away from making difficult decisions.

Also, read: Zoom plans to open a technology center in Bangalore

Ratan Tata was asked about the thing he missed the most during this lockdown. His response was ” It’s not been yachts, manors, and huge estates. It’s been a wonderful experience of interacting with people who stand for the same ideas as you do… that’s something I’ve come to miss “

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Also, read: Uttarakhand CM writes to Sundar Pichai to invest in the state
Government extends WFH terms for IT and ITES companies
Headcount of the top 4 IT firms fell by 9000 in Q1

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Zoom plans to open a technology center in Bangalore

The video conferencing app Zoom wants to hire in India and plans to open a technology center in Bangalore. It says that there are strategic plans to expand its base in the country

Zoom plans to open a technology center in Bangalore

As of now, Zoom has a building in Mumbai and two data centers in Mumbai and Hyderabad. The existing Mumbai’s office will expand three times its current volume.

In a press statement, the company says that this expansion is directly related to the increased user base in the country. In the period from January 2020 and June 2020, Zoom has seen a 6700% increase in the usage of the app

The new building at Bangalore will help its existing data centers and support Zoom’s engineering team based in San Jose

Zoom also adds that it selected Bangalore due to its high quality of talent. The company is planning to start hiring for DevOps, IT Engineers, and Business Operations.

Also, read: Uttarakhand CM writes to Sundar Pichai to invest in the state

The employees will work from home until this pandemic issue is resolved. The CEO of Zoom says that India is a very important country for them and would continue to make strategic investments in the country. Also, over the next few years, the company plans to hire exceptional talent to improve Zoom’s growth

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Government extends WFH terms for IT and ITES companies
Headcount of the top 4 IT firms fell by 9000 in Q1
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Uttarakhand CM writes to Sundar Pichai to invest in the state

On Wednesday, Uttarakhand CM writes to Sundar Pichai to invest in the state. He says that Google should explore the opportunities of investing in the state, as there is a lot of scope for investments in the IT sector in the state

Uttarakhand CM writes to Sundar Pichai to invest in the state

He also adds that Mr.Sundar Pichai should also include the state in the investment plan he announced earlier. He also says that in the small towns, there is a lot of scope to invest.

He further adds that the government will give its full support to the company. The CM of Uttarakhand later asks the Chief Secretary and Additional Chief Secretary to coordinate with Google regarding this.

Earlier, Google CEO Mr. Sundar Pichai announced a huge investment of $10 billion in India. This investment will be of several types starting from investing in startups to equity of the Indian companies

Also, read: Government extends WFH terms for IT and ITES companies

In a video conference with Prime Minister Narendra Modi, Google CEO announces this decision. Google also wants to make internet access easy for everyone by introducing low-cost smartphones to the public

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Also, read: Headcount of the top 4 IT firms fell by 9000 in Q1
Linkedin slashes 960 jobs globally
No salary appraisals for HCL employees in 2020

Government extends WFH terms for IT and ITES companies

On Tuesday, the government extends WFH terms for IT and ITES companies. As part of this, the extension is applicable until December 31st.

Government extends WFH terms for IT and ITES companies

Last night, the department of TeleCommunications tweeted this same. The tweet says that the Government extends WFH terms for IT and ITES companies until December 31st.

As of now, 85% of the total IT employees are working from home. The employees who are performing critical activities are working from offices. In March, the Department of Telecommunications extended the norms until April.

These were further extended to July and now finally extended until December 31st. As the number of cases of the corona is increasing day by day in the country, the employees are preferring to work from home

Also, read: Headcount of the top 4 IT firms fell by 9000 in Q1

Also, almost all the companies are asking their employees to continue to work from home. Some companies like Infosys, TCS, etc are working on models to enable their employees to permanently work from home.

Their motive is to not let 100% of the total employees work from offices, at any given time.

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No salary appraisals for HCL employees in 2020
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Headcount of the top 4 IT firms fell by 9000 in Q1

The headcount of the country’s top 4 IT firms fell by 9000 in Q1. TCS, Infosys, HCL, Wipro has fired more people in Q1 than they hired. The decline in attrition, delay in hiring laterals, and reduction in hiring the freshers are some of the main reasons

Headcount of the top 4 IT firms fell by 9000 in Q1

These firms have around 10 lakh employees working for them. This is one-fifth of the total IT sector’s current number of employees. In the previous year, for the same time, these companies added 22K more members to their workforce

Individually, TCS hired 5000 fewer number of employees, Infosys about 3000 fewer, Tech Mahindra, 1000 fewer number of employees. Meanwhile, HCL’s hiring reduces by only 150 people

During the presentation of the Q1 results, these IT firms said that the lateral hiring would be frozen and fresher onboarding will be reduced for the next fiscal year.

Fresher onboarding, which usually happens between April and June is highly reduced due to the COVID pandemic.

On the subject of attrition, several consulting companies say that this is all performance-related attrition and not due to the COVID. The hiring figures this year are not close to what we saw last year. Last year, these companies hired more freshers.

Also, read: Linkedin slashes 960 jobs globally

HCL’s Chief Human Resources Officer says that the company usually hires about 3500-4000 laterals per quarter. However, this time the company has hired only 2000 in the first 3 months of this fiscal year.

How companies want to overcome this

Also, the companies are looking to re-skill, up-skill their employees to promote them into different positions. The companies see this as a feasible option to handle the job cuts and attrition

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Also, read: No salary appraisals for HCL employees in 2020
Cognizant wants ‘phased returns’ to offices
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Linkedin slashes 960 jobs globally

On Tuesday, the professional networking site Linkedin slashes 960 jobs globally. This is 6% of its total workforce. The major reason for this is because of the effect of coronavirus

Linkedin slashes 960 jobs globally

The company is part of Microsoft which has around 1200 employees in India. It also has a development center in Bangalore. Although the company did not comment on this job cuts

In a note to his employees, the CEO of Linkedin says that the company has taken a difficult decision to slash 960 jobs. These are the only layoffs the company has been planning according to him.

He also adds that the coronavirus is having quite an impact on the company and especially hiring. He says that the employees who are affected due to these job cuts will be with the company for some time. The employees in NorthAmerica, Brazil region will work with them until August. Employees in Dubai will work until September.

Also, read: No salary appraisals for HCL employees in 2020

A company’s spokesperson says that the employees in Europe will soon find out about the impact of this. LinkedIn also says that the company will give a minimum of 10 weeks severance pay to its fired employees.

The global immigration team will also provide personalized support to the employees who are on sponsored visas.

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Also, read: Cognizant wants ‘phased returns’ to offices
Indian IT companies open up lateral hiring
US visa ban will have minimal impact on operations: HCL

No salary appraisals for HCL employees in 2020

An announcement was made recently that there will be no salary appraisals for HCL employees in 2020. Although this is not positive news, on the bright side the company is planning to hire. This year, the company is planning to add 15,000 freshers to its workforce

No salary appraisals for HCL employees in 2020

The reason for the no appraisals is due to the coronavirus. The impact of coronavirus has led to economic loss and slowdown. The CFO of HCL, while announcing the Q1 results, announces that there will be no hikes this year

The company has registered an increase in profit this quarter by 32% than in the same quarter last year.

Based on the demand and attrition rate, the company wants to hire freshers. The company is also looking to add lateral hires as well. In Q1 of 2020-21 HCL hires 2000 laterals and 1000 freshers.

Also, read: Cognizant wants ‘phased returns’ to offices

The offer letters are already sent to 15000 freshers and 1000 of them are already on board. Currently, there are 150287 employees working at HCL. The attrition rate of the company is at 14.6%

Some of the peers of HCL, like Infosys, hired 5000 laterals and plans to hire 20000 freshers this year. For the same period, Wipro hired 7000 laterals. Starting from August, Wipro plans to hire freshers.

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Cognizant wants ‘phased returns’ to offices

One of the IT giants of the country, Cognizant wants ‘phased returns’ to offices. Cognizant wants all of its employees of Chennai, Pune, Hyderabad to return to offices in a measured way based on the business criticality

Cognizant wants 'phased returns' to offices

The company wants its employees who need office infrastructure to work with and are working on confidential projects, to come back to offices. The company is also in talks with local authorities about opening the office buildings.

As all of its employees continue to work from home, the company is closely monitoring the situation of this lockdown. A note was sent to its Chennai employees that states that the offices will reopen in the coming weeks.

The company also says that employees whose work cannot be done from home are to start working early to the offices. Also, employees working on confidential projects and dependence on office network also has to return early to the offices

Also, read: Indian IT companies open up lateral hiring

Recently, Wipro also started asking its employees to come to offices. As of now, around 10% of its workforce are working from offices. Similar to Wipro, Infosys also did the same thing.

Around 15% of Infosys workforce are working from offices. 5% of the TCS workforce are also asked to work from offices in the upcoming quarter.

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Also, read: US visa ban will have minimal impact on operations: HCL
Amazon extends work from home policy until 2021
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Indian IT companies open up lateral hiring

TCS, Infosys, HCL, Tech Mahindra, and several other Indian IT companies open up lateral hiring. This is mainly due to many people walking out of the door due to the corona pandemic

Indian IT companies open up lateral hiring

At the end of last quarter, in March, almost every suspends the hiring. Despite the assertions, the companies are in the idea of bringing lateral hires.

The one major reason for this reduction in the strength of the employee count. The rate of attrition is the speed about which the employees are exiting the company. It is indirectly proportional to the ability to retain the employees

Freshers who are onboarded before the lockdown are still being accepted by these companies. Although, the companies are preferring experienced employees to freshers

Almost all these companies never stopped hiring lateral hires. Based on the demand these companies are looking to fill the gaps with these laterals. These companies believe that the attrition rate will continue in the next quarter as well.

TCS did not fill all the opening positions with new hires. Around 4500 positions are filled by the existing employees by upskilling, cross-skilling. This led to an increase in learning at the company to a total of 25%

Also, read: US visa ban will have minimal impact on operations: HCL

These companies are also looking to bring new initiatives to their staff. One such example is that the companies are increasing the variable pay per employee for 2020-2021

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US visa ban will have minimal impact on operations: HCL

HCL Technologies says the US visa ban will have minimal impact on its operations. The CEO says that this is the trend they already been following and now others are following it.

US visa ban will have minimal impact on operations: HCL

He further says that the company has enough people abroad in the US to continue its operations without any halt. He also says that the new rules are unfortunate, but the company already is prepared to handle this situation not just in the US but across the globe.

If this situation continues in the long term, the company has to come up with a new idea to address the situation, according to the CEO. He also says that at present the company delivers from across the globe and that is the work model they are using

The company believes that although the situation can be controlled, there should be some tweaks to maintain to operate next year.

Also, read: Amazon extends work from home policy until 2021

HCL currently has 1.5 lakh employees globally. In the recent quarter, 63% of HCL revenue is from the US region. The company also brought its stranded employees from the US but didn’t officially announce any numbers.

Similarly, Infosys and Tech Mahindra also brought some of their stranded employees to their respective nations via chartered flights

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Amazon extends work from home policy until 2021

Due to the growing fears of the continuation of this pandemic, Amazon extends work from home policy until 2021.

The corporate employees are allowed to work from home until January and restrictions on business travel are also imposed.

Amazon extends work from home policy until 2021

In a statement, the company says that the employees’ health is their utmost priority. The company also said that it wants to follow the rules set by the local governments. Amazon wants its employees to continue working from home, whose want can be done effectively from home

Also, read: 48% increase in the applications per job: Quickr Jobs Report

Previously, Amazon said that its employees can work from home at least until October. But, the employees working at Amazon warehouses do no have the option to work from home as they are essential to fulfill the orders

Also, read: UC Web owned by Alibaba suspends India’s operations

Amazon also started paying the extra amount to the warehouse employees and let them take leaves. But recently, the company removes such privileges to its warehouse employees.

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Also, read: SBI plans to adopt work from home model and save 1000 crore
A lawsuit filed against US Visa policy by 17 U.S States
Tech Mahindra brings 210 employees from the US

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UC Web owned by Alibaba suspends India’s operations

Recently, the Indian government decides to suspend 69 Chinese Apps due to the tensions at the border. Due to that yesterday, UC Web owned by Alibaba suspends India’s operations. It also lays off 90% of its total of 350 employees

UC Web, owned by Alibaba suspends India's operations

Various employees across several levels of experienced, associate, entry-level positions are informed via video conferencing about the layoffs. These employees have a 30 days notice period.

On June 29, the Indian government decides to suspend several Chinese apps including Tik Tok, UC Browser, We Chat, Helo, etc. Among these, Tik too has the biggest user base with 200 million active users

A spokesperson belonging to UC Web says that they align with the government’s decision to block these apps. He didn’t announce any plans further.

On Thursday, the Indian employees who are working at Alibaba’s video blogging platform Vmate are also laid off. The UC Browser, owned by Alibaba has a user base of 430 million across the world. Out of them, 130 million are Indians.

The UC browser is the second most used browser in the country, next to Chrome.

Also, read: SBI plans to adopt work from home model and save 1000 crore

India accounts for 5% downloads of all these banned apps in the Play Store and the App Store of iOS. Earlier to the ban, these Chinese firms announced their plans to expand their business and further invest in the country.

Tiktok and Helo’s parent company ByteDance announces that it is going to invest $1 billion in the country. Alongside, UC Browser announces the plans regarding launching an e-commerce store and also sell movie tickets

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Read more: A lawsuit filed against US Visa policy by 17 U.S States
Tech Mahindra brings 210 employees from the US

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SBI plans to adopt work from home model and save 1000 crore

The corona pandemic has changed a lot about the working model in the country. Almost all the firms are adapting new work models in order to cope up with it. Recently, SBI says it has plans to adopt work from home model and save 1000 crore

SBI plans to adopt work from home model and save 1000 crore

The SBO chairman, Mr. Rajnish Kumar says that by adopting work from anywhere policy, the company is going to save about 1000 crore. This is in the form of cost-cutting and will help run the business in these times

He further adds that the bank is in a good position to tackle the challenges of coronavirus. During the video conference of the annual shareholder’s meeting, he says that SBI aims to focus on the reskilling of the workforce.

He also emphasizes the idea of moving the workforce from administrative roles to sales. He says that the bank wants to implement the Work-from-anywhere policy to improve the work-life balance of its employees.

Also, read: A lawsuit filed against US Visa policy by 17 U.S States

Also, he reiterates the idea of taking proactive measures to help the borrowers and maintain asset quality.

SBI also has plans ready to double the number of users of its YONO app in the next six months. Several new features are being added to the app.

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Also, read: Tech Mahindra brings 210 employees from the US
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A lawsuit filed against US Visa policy by 17 U.S States

Recently, Trump’s government declared that non-immigrant students with F-1 and M-1 visas, who are taking online classes are not eligible to stay in the country. To oppose that a lawsuit filed against the US Visa policy by 17 U.S States.

A lawsuit filed against US Visa policy by 17 U.S States

Along with these states, the District of Columbia also filed a lawsuit, stating that this decision is unlawful. This lawsuit filed in the US District Court in Massachusets says that this decision should be reversed

This new policy also affects the students who are taking non-online classes as well. This prohibits such students to not take more than one class. Also, it prohibits taking three credit hours online to stay in the country.

According to a report, there were around 194556 Indian students in various academic institutions in the US until January.

Colorado, Connecticut, Delaware, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New Mexico, Oregon, Pennsylvania, Rhode Island, Vermont, Virginia, and Wisconsin are some of the states filed against this newly changed policy

Also, read: Tech Mahindra brings 210 employees from the US

The Massachusets Attorney General says that Trump didn’t even try to explain this senseless change in the policy. This new policy also brings a dilemma for schools to select between keeping their international students enrolled or protecting the campus

Earlier, Harvard and MIT also filed against the policy that prevents students to stay in the country. Unless they take an in-person class, they should move out of the country.

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Also, read: 48% increase in the applications per job: Quickr Jobs Report
Google plans to invest $10 billion in India over 5-7 years
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Tech Mahindra brings 210 employees from the US

Due to the widespread of coronavirus, the Indian IT giant Tech Mahindra brings 210 employees from the US.

Tech Mahindra, Cisco join hands solutions for solutions at TechM's ...

In a special chartered flight, that started from Dallas Fort Worth international airport on July 13, the employees and their families are brought back to India. These employees will land in Hyderabad on July 14

Few employees appreciated the efforts of Tech Mahindra on Twitter.

Last week, another IT giant Infosys does the same thing. It brought back 200 of its employees and their families who were stuck in the US. These employees took off at SanFransico and landed in Bengaluru. After that, now Tech Mahindra brings 210 employees from the US.

The CEO of Tech Mahindra says that the company has the idea to introduce special leave plans for employees who tested positive to coronavirus.

Tech Mahindra is facilitating the COVID testing of several third-party vendors like people working in pantry, sanitization, etc. The company also plans to extend the testing facility via Ashwin-Doctor Consultation App to its employees.

Also, read: 48% increase in the applications per job: Quickr Jobs Report

The testing devices are approved by the Indian Council of Medical Research. As of now, only 8-10% of the employees are working in offices. The rest are working remotely. Also, in the post-COVID time, the company expects only 25-30% of employees working from offices

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