K Krithivasan, Chief Executive Officer (CEO) of Tata Consultancy Services (TCS), the country’s largest software company, received a package of more than Rs 25 crore last year. Krithivasan took charge of the company last year. He had replaced Rajesh Gopinathan. The company’s annual report states that Krithivasan has received a salary of approximately Rs 1.27…
Difficulties are increasing for Swiggy, which delivers food on orders through the app. The company may lay off more than 250 workers this month. In this, workers can be removed from technology, customer service and supply chain divisions. Earlier, Swiggy’s competitor Zomato had removed about three percent of its staff due to poor performance. in…
South Korean electronics company Samsung has prepared to lay off a large number of its workers in many countries. This may result in a reduction of about 10 percent in the company’s workforce in some countries. It is facing tough competition from rivals like SK Hynix in the market of memory chips used in Artificial…
Billionaire Elon Musk has started a poll for the users of microblogging site Twitter asking them to decide whether he should resign as the Chief Executive Officer of the company or not. Musk has also promised to accept the results of this poll. This poll on Twitter is open till 4:30 pm (Indian time) on…
Popular short video platform TikTok has decided to wrap up its remaining business in India. This app of Chinese company ByteDance had a sales support team in India. This team was hired three years ago to support the company’s global sales teams. “We have decided to close our remote sales support hub in India. We…
American devices company Apple, which makes the worldwide popular iPhone, is facing a problem before the festive season. A fire in the factory of Tata Group, which manufactures iPhone components, may affect the manufacturing of these smartphones. Due to this, Apple will have to source important components of iPhone from China or other countries. in…
Microblogging site Twitter’s Indian rival Koo has laid off about 30 percent of its workers in the last few months. This startup is incurring losses and is also struggling with lack of funding. Koo’s investors include American investment firm Tiger Global. A Koo spokesperson told Bloomberg News that the firm has laid off about 260…
In the last few months, a large number of workers have been laid off in the information technology sector. Microsoft, one of the big IT companies, has laid off more than 1,000 workers from its Mixed Reality unit. This unit is connected to the HoloLens 2 augmented reality headset. One of The Information Report It…
Workers have been laid off from One97 Communications, Paytm’s payment services company. Earlier this year, the Reserve Bank of India (RBI) had ordered the closure of Paytm’s banking unit. Since then the company is facing difficulties. There has also been a huge fall in the share price of Paytm. One97 Communications has said in a…
Accenture, one of the largest information technology companies, has planned to do a large number of technology related hiring in the country. Out of approximately 7.7 lakh global workers of this company, more than three lakh are Indians. In the last quarter, Accenture hired more than 24,000 workers. “We are hiring primarily in India. There…
