Tag Archives: revenue

11000 employees resigned from top Indian companies in the last 90 days

Due to the impact of COVID, 11000 employees resigned from top Indian companies in the last 90 days. This is the first in recent times when the employee count of these top companies reduce drastically Although, these companies are hopeful … Continue reading

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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 … Continue reading

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Increase in expenses during WFH: TCS

Contrary to cost-saving, TCS has observed an increase in expenses during WFH. Tata Sons chairman, N Chandrasekaran said that this is due to the long term lease contracts that were signed with the buildings. He also added that in the … Continue reading

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Over the past few years, these Indian IT firms have benefitted by hiring fewer people

The top IT services providers in the country have hired fewer people over the past few years in comparison to their revenue growth across the same timeline. This indicates that companies are adopting various automation and digital technologies. Companies like … Continue reading

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Sensational! 25% of its employees might be allowed to work from home till 2021 by Tech Mahindra.

On Monday, Tech Mahindra announced that it is in discussions with its clients to allow 25-30% of its employees to continue to Work from home. This could be at least until the end of this fiscal year. Mr. Manoj, the … Continue reading

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Salaries are cut and increments are canceled by Tech Mahindra. But jobs are safe

One of India’s biggest IT service provider Tech Mahindra has released a statement saying that due to the corona lockdown all the promotions and bonuses are put on hold for now. This is due to the lack of revenue since … Continue reading

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Lowest in the decade. IT companies might record their lowest revenue in this decade

Various factors like cutting down on discretionary spending and slowing down on demand could cost the revenue of IT companies to a greater extent. With the current situation being bad many IT companies like Infosys, Wipro have said that they … Continue reading

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52% of CEOs expect job losses: CII Snap Poll

With the widespread of the COVID19, the country’s economy has been hit very hard. Most of the firms have seen revenue declining, and job losses as well according to a CII CEOs Snap Poll. Around 200 CEOs have participated in … Continue reading

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