attrition

US-based software exporter Cognizant’s net profit increased 3% in the fourth quarter to $580 million on lower administration costs and a bump in other income.The company's revenue declined 0.3% year on year to $4.81 billion for the…

Digital services and solutions provider Coforge on Thursday reported net consolidated profit of Rs 116.7 crore for the March quarter of FY23, down 45% from Rs 224.8 crore in the year-ago period. The company said the profit was down largely…

IT major Tata Consultancy Services reported net addition of 821 employees in headcount in the fourth quarter (Q4) of FY23 from 613,974 in Q3FY23. Further, the headcount rose 22,600 from 592,195 in the year-ago period. This comes as India's…

A year ago, Amazon workers in Staten Island, New York won a “historic” victory – overcoming a multimillion-dollar campaign by the multibillion-dollar corporation to win the right to organize Amazon’s first-ever union.A year on from that…

Small and medium IT companies are yet to recover from the impact of the Covid-19 induced lockdown because of the high attrition rate of their employees after upskilling, according to a survey. According to the survey by Micro Small and…

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Net hiring of engineers by the Indian IT companies is likely to crash by close to half year on year in the next fiscal amidst rising caution among companies, hiring firms have told ET.Staffing firm TeamLease expects a 40% drop in FY24…

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Zomato chief executive Deepinder Goyal said on Tuesday that more than 50% of the top 50 executives in the restaurant aggregator platform have been with the firm for over seven years and that “many of these folks are on their second (and…

Digital payments firm PhonePe has raised another $100 million in primary funding, after a $350-million fundraise from General Atlantic in January this year. This and more in today's edition of ETtech Top 5.Also in this letter:■ Zomato CEO…