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Showing posts with label Wipro. Show all posts
Showing posts with label Wipro. Show all posts

Friday 2 November 2012

Would Major IT Companies honour all campus offers ? Due to Global Recession in IT Industry all Major IT Companies Like Infosys, TCS, Wipro, Micosoft, Yahoo are considering Deferment of Joining dates of All Campus Recruits.

 Due to Global Recession in IT Industry all Major IT Companies Like Infosys, TCS, Wipro, Micosoft, Yahoo are considering Deferment of Joining dates of All Campus Recruits. 

Falling margins and an unplanned salary increase have pushed Infosys to embark on a major austerity drive. The details are not clear yet, but it certainly includes a freeze on business class air travel and deferment of joining dates of 17,000 campus recruits.

The IT major's CEO, S D Shibulal, has sent a mail to employees saying that the company's expenditure for the year had risen too high on account of its Lodestone acquisition and salary increase. The mail goes on to say that the cost-cutting measures would be implemented in a phased manner.

A company spokesperson said, "In a tough business environment, Infosys has decided to take certain cost optimization measures. These are necessary for the company to continue making strategic investments and afford the rollout of the compensation increase."

The joining dates for campus recruits have been deferred for three months from the date of joining that was communicated to them previously. Several people tweeted that their joining dates had been extended to February; some said April.

The Infosys spokesperson said the company would honour all campus offers. The company has introduced an online training programme to keep these new hires engaged till they formally start work. "The completion of this training will not only give these recruits a headstart in their career with Infosys, but also reduce their planned six months training programme at our Mysore campus by up to two months," the spokesperson said.

Anticipating a bevy of queries from thousands of campus recruits for specifics around the deferred joining dates, Infosys has set up an exclusive online chat line. "This will help us address additional queries from them and also help them gather details about our online training programme. This will be in addition to our personal communication and addressing queries through emails," the company said.

There's also a freeze on long-haul business class air travel by its senior executives, including the CEO. "Business class is a privilege available to senior leaders in the company for long haul travel. In our drive to optimize travel costs, the senior leadership has decided to lead by example and forgo this privilege," the company said.

Infosys's operating margin has been dropping consistently for several quarters now. In the quarter ended December 2011, it had a 31.2% operating margin, but this was down at 26.34% in the last quarter. The September quarter alone saw a surprisingly sharp fall of 166 basis points. The salary increase of 6% announced last month, which many believe was done under pressure because rivals had given increments earlier in the year, will increase margin pressures in the coming quarters. Infosys normally announces salary increases in April, but this year it did not do so citing uncertain business conditions.

By Capt Shekhar Gupta
              Maani Sharma [ MBA Aviation ]

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Thursday 23 August 2012

Why so many case of suicide at Infosys, Wipro, IIT and IIMs ? Who is Accountable ? Who is Responsable ? Reasons : Over work load ? Exploitation ? Recession ? Frustation ?

Why so many  case of suicide at Infosys, Wipro, IIT and IIMs ?

Who is Accountable ?
Who is Responsable ?

Reasons :

Over work load ?
Exploitation ?
Recession ?
Frustation ?

Within a fortnight of joining the M.Tech programme at the IIT Madras, S Merugu Manasa (21), from neighbouring Andhra Pradesh has committed suicide at her hostel dormitory on Tuesday evening. But, it turned out to be a revelation for the family that the brilliant girl had kept her marriage under the wraps.

While the parents were unaware of it, records at IIT showed that her hubby was Srinivas Minisala, said to be working with Infosys at Hyderabad.

'Sakhi', the Telugu version of 'Alaipaayuthe', featuring chocolate baby Madhavan and Kollywood sensation 'Shalini' was a great hit. The film revolves around the lead pair getting married while pursuing their studies and finally getting integrated with their families. Even the songs were hugely popular.

Police have informed both her parents and husband about the death.

Hailing from Ramagundem in Karimnagar district, she had entered into wedlock with Srinivas Minisala, her batchmate at the Jawaharlal Nehru Technological University, Hyderabad. She joined IIT to pursue specialisation in Chemical Engineering and was a resident of the Sarayu Hostel Extension in the campus.

She was sharing the dormitory with seven others. Within a few days of entering the campus, Manasa had disclosed to colleagues that she was married. Known to be fun-loving, her decision to end her life has come as a surprise to her room-mates and others.

Academic pressure could not have been the reason for the suicide is what a senior professor maintained since classes have commenced only from August 1. She has not left any suicide note. This is the second suicide by a student in the campus since April.

Soon after her enrollment, Manasa left for home and after a stay of three days had returned on Tuesday morning. According to her room mates and the hostel staff, she looked a bit disturbed. Police said she skipped lunch, telling her colleagues that she would join them later.

Instead she locked the dormitory from inside and hanged herself from the ceiling fan with her duppata. Though the incident had happened at around 2.30 pm, police were informed only after 4.30 pm. Police investigating the case said personal problems could be the reason that had driven the girl to take this extreme step.

Her roommates who returned in the evening they found the door locked from inside. With no response, they alerted the hostel authorities and the door was broken open. The body was sent for post-mortem and police said her family had collected the body from the hospital.

In a twist to this incident, a photojournalist of an English Daily who visited IIT and took pictures was assaulted by a professor and the security guards. The professor had asked the lensman, who was on his way back, to delete the pictures he had taken.

On refusing to do so, the professor and the securitymen thrashed him.

After the issue snowballed into a controversy, IIT Madras Director Bhaskar Ramamurthy issued an apology for the attack on the photographer.

AP Forensic Science Laboratory (APFSL) investigators on Wednesday cleared the air on the death of Infosys employee Neelima and stated that there was nothing suspicious in her viscera samples. They submitted a report to this effect to Gandhi Hospital doctors.

Based on the post-mortem examination (PME) earlier submitted by doctors, police had reached the conclusion that it was a case of suicide.

Neelima died after falling from the seventh floor of Infosys building in July. However, Gandhi Hospital doctors had referred the case to APFSL since they found some liquid in her stomach.

Wednesday cleared the air on the death of Infosys employee Neelima and stated that ... police had reached the conclusion.

Forensic report confirms Neelima's suicide
Times of India
... Wednesday cleared the air on the death of Infosys employee Neelima and stated that ... police had reached the conclusion that it was a case of suicide.
Mysterious suicide at IIT Madras
India Today
... from neighbouring Andhra Pradesh has committed suicide at her hostel dormitory ... was Srinivas Minisala, said to be working with Infosys at Hyderabad.

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