India’s IT service companies are in the process of laying off employees on a massive scale. This scale of layoffs wasn’t seen since the 2008-10 downturn in IT sector. The move has come after the growth in India’s $150 billion IT industry has slowed down more than anticipated and companies move towards hiring more in the […]
The National Association of Software and Services Companies (Nasscom) countered the United States’ claim that Indian IT firms bag the highest number of H-1B Visas by exploiting the lottery system that allots these work permits. Nasscom came out in defence of its members Tata Consultancy Services and Infosys had won only 7,504 – 8.8% of the approved […]