BENGALURU: IT services provider, Infosys Ltd, will resume operations in a second phase this week, with 15% of its employees expected to return to office. This comes when the government has allowed easing of lockdown restrictions across the country.With a total headcount of 242,371, 15% of Infosys workforce translates to a little over 36,350 employees.
After Cognizant;s announcement to chop headcounts, private computer systems and printers maker HP has additionally determined to sack round 500 individuals as part of their international restructuring plan. Final week, the corporate has introduced a serious restructuring plan as per which HP will hearth 7,000 9,000 workers globally by 2022 as a part of a restructuring of operations meant to chop prices. Monetary day by day, The Financial Instances reported that HP;s operation in India would even be impacted by the fee financial savings plan.One of many individual privy with the matter stated, "There will be job cuts here. They have discontinued some models and PC growth is slowing, aside from government project orders which are not consistent. " Nonetheless, HP is but to substantiate the official variety of individuals to be sacked by the analysts have estimated the quantity to be round 500. "(HP 's) India team is likely to see 500 job cuts. Even though India is a focus area for HP, the India team will see the impact of the global measure, " stated Kris Lakshmikanth, CEO of The Head Hunters India.
On Thursday, Enrique Lores, HP's incoming President and CEO voiced intentions to simplify the company's operating model and emerge a "more customer focussed and digitally enabled company" at a meeting with Wall Street analysts. By 2020, company expects to reduce gross global headcount by approximately 7,000 9,000 employees from its total workforce of about 55,000 through a combination of employee exits and voluntary early retirement."The company estimates that it will incur total labor and non labor costs of approximately $1.0 billion in connection with the restructuring and other charges, with approximately $100 million in fiscal Q4 of 2019, $500 million in fiscal 2020 and the rest split between fiscal 2021 and 2022," HP said in a statement. These actions are expected to result in annualised gross run rate savings of about $1 billion by the end of fiscal 2022.
The layoffs were first reported by The New York Times.About 400 people in Uber 's marketing department were laid off across its 75 offices globally, according to the company. Uber 's latest public global headcount was 24,494 global employees as of March 31, 2019.
The company has internally discussed a headcount reduction to 75,000, through the automation of back office projects, some business disposals and streamlined management , Bloomberg reported.In its last annual report, the company said it had 105,800 full time equivalent employees, although this number is likely to have shrunk in the interim due to other cost cutting initiatives.
The redundancies are part of an attempt to wipe 1.5 billion from annual costs through a number of measures including a reduction in corporate offices and a 13,000 drop in headcount, announced earlier this year.BT said it had already trimmed 350 million off annual costs at an overall price of 206 million.
(Disclaimer: The follwing press release comes to you under an arrangement with PRNewswire. PTI takes no editorial responsibility for the same).GURUGRAM, India, September 18, 2018 PRNewswire Landlords, occupiers to rethink operating strategies according to changing workforce demands: Colliers ResearchColliers International released its latest insights report Flex, Core and the Cloud: A Blueprint for the Future Asia Pacific Workplace. The report, based on field research and interviews with some of the world's leading organisations in the technology, financial services and FMCG industries, addresses the adoption of cloud technology in companies' workforce models and broader implications for productivity and employee well being.Cloud computing, fueled by Internet of Things (IoT), has given rise to a new era of real estate possibilities for Asia Pacific companies and their workforces. By allowing firms to store and process virtually limitless amounts of data remotely, the cloud is enabling what Colliers International terms the Internet of the Workplace (IoW) a digitally integrated enterprise architecture that exists in the virtual as well as the physical realm, connecting employees and allowing them to collaborate regardless of location."With physical infrastructure struggling to keep pace with the ever advancing technology, the need to be 'connected' has never been more important. Remote working and access to data are forefront in firms becoming efficient and agile. Flex Core is a pioneering concept, which allows firms to commit only to a certain % of real estate whilst keeping flexibility to increase or decrease their portfolio depending on the ever changing business environment", says Ritesh Sachdev, Senior Executive Director, Occupier Services at Colliers International India. With a 7% share of total leasing volume in H1 2018, flexible workspace operators are making their presence felt in the market. Besides its cost effectiveness and flexibility, use of flexible space is becoming more popular due to increasing uncertainty among occupiers regarding their future headcount growth. One expects the coworking concept to continue expanding notably in cities such as Mumbai, Bengaluru and NCR.Like any transformation, clouding the workforce can prove disruptive for enterprises and the commercial real estate industry, forcing landlords and occupiers to adapt to new demands. Through careful planning and the right approaches companies can navigate this disruption while capturing the benefits of the cloud.The four stages on the IoW curve are:1) TraditionalCore operations employees concentrated in a central location Data IT services stored, managed and delivered via in house physical infrastructure Employees have dedicated workspaces and rarely or never shift teams or locations 2) TransitioningKey administrative functions and critical technology infrastructure based in a central location Employees connected, and some data IT services delivered via public or private cloud Employees occasionally work on different teams or at different locations; enterprise provides limited IoT infrastructure to support occasional virtual teams 3) IoW AdopterTechnology infrastructure is almost entirely cloud based Core business functions spread across multiple hubs that scale according to business needs Hubs employ BYOD and IoT technologies to enhance the working environment, and enable employees to work freely across teams and locations 4) IoW PoweredAll technology infrastructure is cloud based No central location exists; employees log in independently from various IoT optimised flexible workspaces or their homes Employees form teams dynamically in response to business demands, using online platforms and collaboration tools to communicate, cooperate and achieve goals Exercise caution Despite the obvious benefits of IoW models, IoT by definition comes with a compromise on data security and companies' increasing reliance on connected technologies creates heightened security risks, making data protection a significant challenge. A recent study showed, with more enterprises adopting BYOD policies, one in three CIOs in Hong Kong see their own employees as the organisation's biggest security vulnerability.(M0RE) Source: Colliers International PRNewswire DL DL
The burger giant, which will reopen the doors of its redesigned flagship on Thursday, sports all the high tech additions diners expect in tomorrow s fast food restaurants: self order kiosks, mobile orders and payments, and delivery. But the increased automation doesn t actually cut down on headcount or take away any of the entry level jobs that many U.S. workers rely on. From the operation standpoint, the kiosk is all about convenience the concept had nothing to do with labor reduction, Nick Karavites, franchise owner of the location, said in an interview. We actually now employ more people with the introduction of kiosks. quot;
In a letter to the city council, Sony DADC said the company, which first began operations in the Wabash Valley in 1983, has always met conditions of tax incentives throughout the years until now. Over the years, Sony DADC estimates it has had a $5 billion economic impact on Terre Haute through payrolls, use of local suppliers and taxes paid. Laserdiscs, compact discs, DVDs, Blue Ray discs and UHD discs have all been produced at the facility. The remaining work, currently performed by around 300, involves production of physical media for Sony Playstation products.In the filing with the city, the company adds it is quot;unlikely that our headcount will increase during the remaining years of the current abatements. quot;
On first day of the protest, the team managed to attract numbers but less than what Anna has claimed in his interviews. The crowd stood less than a thousand protesters, of which majority of participants were farmers from Maharashtra and Rajasthan.DNA is bringing to you the ground report from Ramlila Maidan where Anna along with his new team tries to recreate the same nation wide movement like he did in 2011.
;This is unusual and unexpected, especially in a weak quarter. We didn;t get iPhones (under former CEO Vishal Sikka, the company gave 3,000 iPhones to top performers). But I think this is a great morale booster with a new CEO at the helm,; one of employees told reporters.Infosys in its Q3 results said the firm s attrition rate dropped to 18.7 per cent in the December quarter from 21.4 per cent during the September quarter. The company s workforce increased by 3,251 to 201,691 employees. Headcount fell by 113 people in the September quarter and by 1,811 in the June quarter.
When the company brings on these new workers, it will have roughly 8,750 people focused on moderation, which is more than double Twitter 's entire headcount. While Twitter only has 328 million monthly users in comparison to Facebook 's 2 billion, the two face many of the same content moderation challenges. Twitter also faces consistent problems stemming from rampant automated bot accounts, and is under federal investigation concerning Russia 's use of its platform to interfere with the 2016 election.In May, as Facebook faced criticism that users were live streaming acts of violence, CEO Mark Zuckerberg announced 3,000 new hires to curtail violence, hate speech, and child exploitation on the platform. At the time he said there were 4,500 people already working to moderate content, a function Facebook internally calls Community Operations. After a federal inquiry into Russia 's political advertising purchases on Facebook, the company announced 1,000 more hires to the team to focus on advertisements, in addition to 250 people that would work specifically on election interference.
Even as IBM disagreed with US President Donald Trump's claims that it was moving jobs from the United States to India and other countries, that's what the company has been effectively doing over the years, The New York Times reports.Compared to about 100,000 people who work for IBM in its US offices, the company's India workforce is about 130,000. With that many employees, India alone accounts for one third of the company's headcount.
Perhaps the clearest sign that Amazon is investing big in the Echo and the virtual personal assistant that goes with it, Alexa, came from a comment made by David Limp, Amazon;s senior vice president of devices and services: More than 5,000 people now work just on Alexa.Five thousand people is a relatively small slice of Amazon 's overall headcount, which hit 382,400 full and part time employees in the most recent quarter. Still, it 's a sharp increase from 15 months ago, when Amazon CEO Jeff Bezos said there were about 1,000 people working on Alexa and the Echo. "It 's just the tip of the iceberg, " he said at the time.
Company 's CEO Dave Kellogg said: Host Analytics was founded simultaneously in India and the US. Our plan is to double the office space in Hyderabad to 30,000sft and increase India headcount from present 150 to 300 to strengthen business growth. We have signed a lease agreement on space to accommodate our increasing number of staff at the R amp;D center in Hyderabad. The larger space will accommodate the company 's continued expansion plans. ” Sanjay Vyas, senior vice president (engineering and technology) at Host Analytics, said: The 30,000 sft R amp;D facility at Madhapur will provide increased capacity for engineering, product testing, research and development. The expansion will also support the company 's growing portfolio of partners and customers in the region informed. ”
This is obviously a deeply tough decision, said CEO Suhail Doshi. By no means do we intend to hire people only to let them go We re very sorry that it happened. Many other startups are also cutting costs by cutting their headcount. Related Articles Mixpanel Announces Codeless Mobile Analytics Mobile Analytics Company Mixpanel Raises $65M Round With An $865M Valuation The news was first reported in VentureBeat, which quoted Doshi as saying, We just overhired. He confirmed to TechCrunch that 18 people were laid off, mostly in sales.
While infrastructure companies witnessed the biggest dip in employment numbers, the IT and pharma sectors provided the silver lining with increased staff strength.A look at the group of 230 leading companies listed on the Bombay Stock Exchange (BSE 500), and have an aggregate market cap of over Rs 55 lakh crore, shows that for the first time in at least four years they witnessed a decline in their aggregate employee strength as it fell by 14,000 in the year ended March 2015. While 105 out of the 230 companies reduced their headcount by an aggregate of 84,688 during the year, 114 companies within the list increased their staff strength by 69,910. For the remaining 11 companies, the numbers remained constant.