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India's top 3 IT companies see exit of 64,000 employees in FY23-24
India's largest IT services companies Tata Consultancy Services, Infosys and Wipro saw a staggering 64,000 employees exiting in FY24, amid a weak demand environment globally and tighter tech spends by clients. Wipro, which announced its Q4 earnings on Friday, reported a fall in headcount numbers to 2,34,054 as of March 2024, against 2,58,570 in the year-ago period. Headcount declined by 24,516 during the financial year ended on March 2024. immediate headcount reduction has happened primarily...
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Major tech company will reportedly make top bosses work 6 days a week
The weekend is about to look a little less like the weekend for the bosses at one of the world’s largest technology and manufacturing companies. Samsung will soon require its executives to work six days a week, according to an April 18 report from the Korea Economic Daily. The Korea-based conglomerate, which makes Galaxy smartphones, flatscreen televisions, appliances and a wide range of other devices, is a stalwart of the tech industry. It generates tens of billions of dollars of revenue every...