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IT hiring at 10-year low

The technology services sector in India is currently undergoing a very bad growth period in close to a decade as their clients are decreasing their budgets on traditional outsourcing work. Also, the routine customer applications maintenance work which are performed by the freshers has been now carried out by automation or robots. With increasing automation, ..

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Larsen & Toubro sheds 14,000 employees from its workforce

Owing to economic challenges, Larsen & Toubro (L&T) has shed 14,000 employees or 11.2% of its total workforce across businesses between April-September in the current fiscal. This is considered as one of the biggest corporate retrenchment exercises carried out in recent times. L&T which is India’s biggest engineering firm has an employee base of 1.2 lakh ..

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