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  #1  
Old October 10th, 2002, 10:08 AM
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Thumbs up From pink slips to 11,000 new jobs

Strange ........While US IT industry is on a firing spree ........Indian IT Industry seems to be hiring .....Oracle, Microsoft, IBM and Sun are hiring in India ...........


IT: from pink slips to 11,000 new jobs
SRIVATS UNIYAL
http://economictimes.indiatimes.com/...artid=16347574

TIMES NEWS NETWORK [ THURSDAY, JULY 18, 2002 11:21:27 AM]

NEW DELHI: Though it may not be celebration time yet, the makings of an IT revival in the job market are here. Recruitment offers that were deferred last year are now being honoured. With 11,200 new jobs - and counting - on the cards, IT pros can start smiling again.


Recently, Reliance Infocom unveiled plans to hire up to 5,000 persons within the next six months, taking the total number of employees to 7,500 by the end of this year.


Infosys Technologies also has announced its plans to recruit 1,000 people in the current quarter (July-September 2002).


The company added 772 employees during the first quarter (April-June 2002) on a gross basis, including 144 lateral hires, with the net addition being 566 for the three months, as compared to 75 in the previous quarter.


Infosys increased its total employee strength to 11,304 as on June 30 this year, up from 10,738 three months earlier.


Yet another IT giant, Wipro Technologies, India's second-largest software exporter, also recruited more than 1,000 professionals in the first quarter (April-June) of the current financial year. Of the total intake, 30 per cent were fresh graduates, but the excercise was in line with the company's strategy of going in for need-based recruitment. And its forthcoming development centre in Kolkata could see up to 2,500 new hires.


In June 2002, India's top software service company Tata Consultancy Services disclosed plans to hire about 3,000 software professionals in 2002, adding to its existing staff of 19,300.


Also, chipmaker Intel's Indian unit said it will hire 200 more engineers for its software centre this year despite 4,000 job cuts announced by its parent.


Oracle is also going long on India. The $11-billion company, which entered India in 1993, plans to double its manpower strength to 4,000 within the next few years.


Justifying an IDC report that the industry is poised for a 24 per cent growth in India in 2002 in spite of challenges, thus placing it among the fastest growing IT economies in the world, software firms posted better-than-expected quarterly results this year, setting the ground for new hires.
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Old October 10th, 2002, 10:10 AM
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well..all the work is being outsourced to India,China etc..more work done and that too wit lil cash shell-out..
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Old October 10th, 2002, 10:45 AM
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This is good news and bad news

Good news because more jobs back home , bad news because in case of a layoff, no more jobs here
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