Midcap IT companies buck the trend to add more employees
Related Articles

Visit the full article


  • 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...
  • Travis Kalanick's $15 billion food tech company cuts employees globally in profitability push

    Six months after layoffs at food technology company City Storage Systems, another round of cuts hit teams globally, per leaked audio obtained by Business Insider.More than 80 US employees were cut at Otter, the company's restaurant tech arm, said a source familiar with the people laid off. Layoffs also affected teams in Canada and Latin America, among other regions.Otter head Guido Gabrielli told staff in an all-hands meeting on Thursday that Otter made the cuts because the company is "trying to...
  • Police fatally shoot student outside Wisconsin middle school while responding to report of person with a gun

    Police shot and killed a student outside a Wisconsin middle school Wednesday as officers responded to a report of a person with a gun, officials said. No one else was hurt in the incident outside Mount Horeb Middle School, Wisconsin Attorney General Josh Kaul said in an evening news conference. The attorney general said the investigation was ongoing and declined to disclose details of what led up to the police shooting. “Police officers from the Mount Horeb Police Department responded to a...