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NEW DELHI: Yahoo is hiring for hundreds of job openings including nearly 150 vacancies in India, even as the internet major is set to bring down
its global workforce by about 675 employees.
“We are currently hiring for key positions and will continue to invest in strategically important areas,” a Yahoo spokesperson based in the US said.
While the spokesperson did not elaborate on country-specific hiring plans, the career section of the internet major’s website shows that Yahoo is looking for about 150 positions in India alone.
The openings are for its operations in Bangalore, Mumbai and New Delhi, while most of them are for Bangalore. Further, the internet major has over 120 job vacancies for different offices in the US, the website shows.
The India openings are for various departments including engineering, customer care, research and product management, among others.
Last week, while announcing its first quarter results on April 21, Yahoo said that it would slash five per cent of its headcount worldwide. At present, the company has 13,500 employees globally and a five per cent reduction would amount to laying off 675 people.
The firm is resorting to job cuts in the wake of slackening advertisement revenues and a 78 per cent drop in first quarter profit at $118 million. However, it is not clear whether India operations would be affected by the job cuts. India has about 1,500 employees.
“We will be reducing the number of our current employees worldwide by approximately five per cent. We do not break out how individual countries and teams will be impacted.
“We currently have 13,500 employees worldwide. We do not break down how many employees are in each country,” the Yahoo spokesperson said.
April 27th, 2009
NEW DELHI: The Indian IT services sector may see up to five per cent layoffs — amounting to more than one lakh job cuts — over the next six mo
nths as companies focus more on cost-cutting due to persisting weakness in global demand, experts say.
Companies may reduce workforce in this fiscal, mostly based on stringent performance criteria, experts added.
“We expect the knowledge industry (IT) to see 3-5 per cent non-voluntary exits in the first two quarters of the financial year mainly in senior and middle levels,” Deloitte Touche Tohmatsu Senior Director (Management Consultancy Services) P Thiruvengadam said.
Given the fact that more than 22 lakh people work in the IT industry, five per cent non-voluntary exits would mean more than one lakh employees being shown the door by September.
Nasscom estimates more than 22 lakh people were working in the Indian IT-BPO sector in FY2009 (till February), while indirect job creation is estimated at about eight million.
International Management Institute (IMI) Director C S Venkata Ratnam said, “The IT sector is better off but it may see up to 4-5 per cent job losses in the first two quarters of this fiscal.”
The global financial turmoil has also hit the country’s other export-related sectors including textiles and some unorganised industries like auto ancillaries, Venkata Ratnam said.
Besides, IT services (including engineering services, R&D, software products) exports, BPO exports and the domestic IT industry provide direct employment to 9,47,000, 7,90,000 and 5,00,000 people, respectively, Nasscom says.
April 27th, 2009
NEW DELHI: The tough economic climate overseas is making Indian IT companies look homewards. Joining the trend, India’s largest software exporte
r Tata Consultancy Services (TCS) is eyeing to double its India revenues to a billion dollars over the next three to four years.
Witnessing a double-digit growth, the company earned about $500 million from the domestic market in fiscal 2009. This was 8.2 per cent of its total revenue.
TCS’ Chief Operating Officer and Executive Director, N Chandrasekaran told a business daily that the company which has been focusing on the Indian market for a long time expects to double its revenues from the Indian market in the next three to four years.
Lately, Domestic market has become critical for Indian IT companies as customers in their top markets, US and Europe, are slashing their IT budgets.
Recently, TCS rival Infosys too said that it sees a pipeline of $1 billion from India over next few years.
According to research firm Gartner, Indian government organisations, excluding state-owned companies such as BSNL, spent almost $580 million purely on IT services in 2007.
Also, government organisations such as India Post, Indian Railways and other undertakings including LIC will reportedly spend around $2 billion on IT this year, as the government’s share of total IT spend in India is set to cross 10% over the next two years.
Apart from two mega deals worth $100-300 million being considered by India Post and Indian Railways, there are around three smaller outsourcing contracts being considered by ONGC, LIC and SBI. While LIC is currently evaluating an outsourcing contract worth almost $70 million to be awarded in the next few months, ONGC and SBI are yet to structure their IT outsourcing contracts.
Indian Railways, which is the second largest rail network in the world, also plans to outsource a contract called `implementation of software-aided train scheduling’, valued at around Rs 450 crore. Companies such as TCS, Infosys, Wipro and Satyam are already bidding for this contract. The project will help railways do real-time train scheduling and management with the help of a software solution.
Source:TOI
April 24th, 2009
TAIPEI: TSMC, the world’s top contract chip maker, said on Thursday it had started adding hundreds of staff at its research and development depa
rtment and 12-inch wafer facilities, the latest sign of a possible sector turnaround.
“There’s still a general freeze on hiring, but we’re seeing a shortage in our research and development department, and will need hundreds of employees there,” said P H Chang, vice-president for human resources at TSMC.
TSMC and its smaller rival UMC, like many other tech companies in Taiwan, have benefitted from China’s recent move to encourage spending on electronics in rural areas.
UMC said on Wednesday its March revenue fell by a half from the year before, a better performance than the preceding two months, sending its shares up by the 7 per cent daily limit as investors bet that the sector was bottoming out.
Late last month, TSMC Chairman Morris Chang told reporters that the outlook for the global semiconductor industry was improving. Shares of TSMC were up 3.98 per cent in morning trade on Thursday, outpacing a 3.25 per cent advance on the benchmark TAIEX share index.
TSMC has more than 20,000 employees worldwide. TSMC will report its March revenue on Friday, and release its first quarter earnings and outlook for the current quarter by the end of this month.
Source:TOI
April 24th, 2009
MUMBAI: The outlook for India’s IT sector remains bleak given the lacklustre performance by its large players during the quarter ended March 31,
2009.
While analysts expect pressure on billing rates to continue in line with declining volumes, a recovery in business sentiments appears to be a few quarters away.
“Volumes have fallen in the March quarter and there is no revival in sight as of now. The companies have maintained their cautious approach implying that the scenario still remains challenging,” said India Infoline’s IT analyst, Rajiv Mehta.
For the March `09 quarter, the top four IT companies, TCS , Infosys, Wipro and HCL Technologies, reported a deceleration in revenue and profit at the aggregate level. Sales dropped marginally by 0.1%, while operating profit fell by 2.7% compared to the previous quarter. The drop in net profit was even sharper at 4.9% following losses on account of foreign exchange transactions.
“Overall, the results of the top four were in line with market expectations though the outlook has been a little worse than what was expected,” said Prabhudas Liladhar’s IT analyst, Apurva Shah. Importantly, Infosys and Wipro have provided guidance for slower growth in the next quarter. Infosys has in fact estimated a single digit revenue growth for FY10 which is in the light of a challenging business environment.
Though TCS does not issue any guidance, the company has admitted that clients have been delaying decisions and some projects may be renegotiated. The company said that they were worried about uncertainties springing up from existing client contracts rather than deals that have not yet closed.
Companies including TCS and HCL Technologies have also shown more vulnerability to currency fluctuations than others. Both the companies have taken substantial hit in their bottomline due to mounting forex losses. While TCS expects to cut its losses in the coming quarters, HCL Tech’s management thinks that the forex impact would remain for another six to seven quarters.
Wipro was the only one among the top four to report marginal improvements in billing rates in the March quarter from last year’s levels. “Wipro does not have a large exposure to capital markets and its performance has been boosted by manufacturing and healthcare. Despite the uncertain business environment, it has improved its pricing by 3-3 .5% on a year-on-year basis” said Viju George, IT analyst, Edelweiss Securities.
Mehta of India Infoline feels that Wipro lags behind its peers on the pricing curve. “Wipro’s price rise doesn’t look sustainable going ahead. Moreover, its organic dollar revenue (excluding that from Citi Technology Services) has dropped by 7% sequentially,” he said.
Source:TOI
April 23rd, 2009
NEW DELHI: With Vineet Nayyar, CP Gurnani, Sanjay Kalra and Ulhas Yargop joining the Satyam board, the stage is now set for a battle of strategi
es between India’s top IT five firms. Competitors may well have to contend with a far more aggressive player in the emerging Tech Mahindra-Satyam combine. Nayyar, Gurnani and Kalra are all former HCL group executives—an entity that is known for its aggressive growth strategy.
Already the trio, who form a key part of the executive management team at Tech Mahindra, have shown themselves to be fairly aggressive. In 2006, Tech Mahindra won a $1 billion deal from British Telecom (BT) by making an upfront payment of $110 million. The deal was then considered as a pathbreaker and helped Tech Mahindra pip Patni Computer and i-flex Solutions (now Oracle Financial Services) to become the country’s sixth largest IT exporter.
“Tech Mahindra is one of the success stories of the last five years. This team was brought in from HCL before Tech Mahindra’s IPO in August 2006,” said an analyst tracking the sector. Tech Mahindra’s revenues have grown from $210 million in FY05 to over $900 million in FY08. Much of this has come from BT which holds a 31% stake in the company. This is different from the 80s and early 90s when most of BT’s work was done by Mahindra BT as Tech Mahindra was then called. BT now has other partners such as Infosys, as well as its own captive in India.
“So far, Satyam was known as a low-cost player but that might change. We may see a few changes…. they (Tech Mahindra) might like to be more aggressive and win deals based on value-proposition rather than just on a price proposition,” said Alok Shende, principal analyst, Acsendia Consulting. According to him, among the top five IT firms, Tata Consultancy Services (TCS) is very process-driven, while HCL Technologies has more an entrepreneurial culture at the top.
“Satyam was also more of a process-driven company. We will now see a company that is not just process-driven but also entrepreneurial,” he said. Peers such as Infosys Technologies also expect to see stronger competition from Satyam. “I have to believe that together they will be stronger than before,” said Ashok Vemuri, head, banking and capital markets, Infosys Technologies.
According to lore, Nayyar who joined Tech Mahindra from HCL Technologies was spotted by Shiv Nadar and subsequently brought in at a leadership role in HCL. A former IAS officer, Nayyar was MD of HCL Corporation and vice-chairman of HCL Technologies when it went public. He and Gurnani were also associated with HCL Perot Systems, the JV between HCL and Perot Systems. Sanjay Kalra, who heads the BT relationship in Tech Mahindra was responsible for HCL’s purchase of Deutsche Software — a relationship that analysts said paid off very well for HCL.
Source:TOI
April 23rd, 2009
NOIDA: To save on the cost of training, one of the leading domestic software exporter HCL Technologies said it will hire people ‘just in time’ o
f requirement rather than maintaining a bench.
HCL has been following the policy of just in time hiring, which has paid off well for the organisation, HCL Technologies CEO Vineet Nayyar said.
Declining to give a hiring outlook for the year ahead, Nayyar said the firm is unlikely to make campus offers.
“We have hardly made any campus offers… we have moved to the lateral strategy,” he added.
The overall global headcount of the company fell by 992, to 54,026, from December to March. However, the company clarified that it has not laid off any employee.
During the quarter the company has made a gross addition of 2,298 employees. In the BPO services segment, however, the headcount has came down to 11,426 from 12,750 in December.
Commenting on the BPO business, he said the company is trying to move away from voice-based services to platform-based services. So, it is unlikely that the company would make new recruitments for voice-based services.
Source:TOI
April 23rd, 2009
INTEL INDIA
Job Code:558144
Intern Engineer
Job Description:
- In this position, you will be participating in multidisciplinary research and collaborating with hardware engineers in designing, and development of system software.
- You will be working on multiple operating systems, designing and developing proof of concept code are some of the few activities you should be capable of achieving.
- You will also be developing solution to problems utilizing formal education and judgment with the right aptitude and attitude.
Qualifications
- You should possess a Ph.D., a Master of Technology or Engineering degree and/or a Master of Science degree.
- You must have the ability to setup complex experiments, and analyze results.
Last Date - 6 Aug 2009
Location:Bangalore
click here to apply
August 5th, 2008
Company:Phillips (MNC)
Location:Bangalore
At Phillips Innovation Campus (PIC), we believe technology can be advanced and simple at the same time. In fact, we believe technology should be simple as the box it comes in.
For exciting careers in technology, email your resume to: mycareer@phillips.com
Click here for Details
May 14th, 2008
Job Description
Activity to be performed: CATIA,CAA coding
Qualification: M.E/M.Tech ( mechanical)
Experience:0-1 yrs
TEchnical skills required:
1) C++
2) General Geometrical Concepts
Additional Information
Experience:0 - 1 years
Job Category:Software, Hardware, EDP
Job Location:Bangalore
Key Skills:CATIA,CAA
Job Ref code:ENG067
Role:Software Engineer/ Programmer
click here to apply
May 10th, 2008
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