Amid festive season, L&T Technology lays off 200 employees to 'reduce overlapping roles'
1 year, 1 month ago

Amid festive season, L&T Technology lays off 200 employees to 'reduce overlapping roles'

Hindustan Times  

L&T Technology Services has decided to lay off 200 employees after conducting its most recent performance reviews, citing reasons of "reducing overlapping roles". L&T Technology Services has laid off 200 employees, as per reports The engineering service company is the latest to join the bandwagon of layoffs in India, right after edutech company PhysicsWallah sacked 120 employees. L&T spokesperson told TOI that this is part of their routine performance review and that they have also been continuously hiring throughout the year, especially in the software engineering and AI departments. The spokesperson was quoted as saying, "We conduct annual performance reviews as a standard process to assess the capabilities of our workforce every year and act appropriately based on skill sets and performance.

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History of this topic

Tech Layoffs Continue Worldwide In July, See How Many Indians Felt The Impact
4 months, 3 weeks ago

Tech Layoffs Continue Worldwide In July, See How Many Indians Felt The Impact

ABP News  

The tech industry has been going through a wave of layoffs and the reduction in workforce has continued in July as well. The data showed that in the year so far, as of July 30, 2024, about 1,90,049 people were let go of from about 380 companies across the world, reported The Indian Express. July began with US-based software firm, …

Silent layoffs in Indian IT sector affect over 20,000 techies: Which companies cut most jobs?
6 months, 3 weeks ago

Silent layoffs in Indian IT sector affect over 20,000 techies: Which companies cut most jobs?

Hindustan Times  

India’s IT sector laid off around 20,000 techies during the calendar year 2023, in a manner known as a “silent layoff,” according to data shared by All India IT & ITeS Employees' Union, as reported by Moneycontrol. A “silent layoff” refers to a situation where employees are let go or have their employment terminated in a discreet or unannounced manner, …

80,000 tech employees lost jobs across 279 firms in 2024 so far: Report
7 months, 2 weeks ago

80,000 tech employees lost jobs across 279 firms in 2024 so far: Report

India TV News  

It was reported that more than 80,000 employees in the technology sector lost their jobs in the first four months of 2024, and layoffs are continuing to haunt the overall startup ecosystem across the world. Latest figures from layoff.fyi, a portal that tracks tech sector job cuts, 279 tech companies have sacked 80,230 employees to date. In 2022 and 2023, …

These 46 tech companies layoff 7,500 employees in first 2 week of 2024
11 months, 1 week ago

These 46 tech companies layoff 7,500 employees in first 2 week of 2024

India TV News  

It's just two weeks to 2024, and tech companies have already started to lay off employees from the companies. As per the latest data from layoff.fyi, a website that tracks tech sector job cuts, 46 tech companies laid off 7,528 employees. Tech companies, including startups, around the world fired more than 425,000 employees in 2022 and 2023, with more than …

L&T Technology Services lays off 200 employees in mid-to-senior roles: Report
1 year, 1 month ago

L&T Technology Services lays off 200 employees in mid-to-senior roles: Report

Live Mint  

L&T Technology Sevices has reportedly laid off 200 employees in mid-to-senior roles. "We conduct annual performance reviews as a standard process to assess the capabilities of our workforce every year and act appropriately based on skill sets and performance. Looking ahead, in line with our growth prospects and strategy, we continue to hire and add to the team, especially in …

Tech Layoffs: Over 1 Lakh Employees Lose Job So Far In 2023 Alone; Company-Wise Layoff List
1 year, 10 months ago

Tech Layoffs: Over 1 Lakh Employees Lose Job So Far In 2023 Alone; Company-Wise Layoff List

News 18  

Tech Layoffs In 2023: Citing cost cutting due to macroeconomic pressures, tech companies across the world have resorted to layoffs in the past months. The year 2023 has witnessed mass layoffs by companies such as Google, Microsoft, Salesforce and Amazon, among others. Apart from these, Salesforce laid off 8,000 employees, Dell sacked 6,650, IBM about 3,900, SAP nearly 3,000, Zoom …

INDUSTRY | Will IT lay-off wave crash into Indian shores?
1 year, 10 months ago

INDUSTRY | Will IT lay-off wave crash into Indian shores?

The Hindu  

Published : Feb 09, 2023 10:25 IST It was a New Year gift that the employees of Big Tech did not see coming. “If a small company like mine has been told not to hire high-skilled workers, then it can happen anywhere.” Alagunambi Welkin, general secretary of the Union of IT and IT-ES Employees, said that it was odd that …

L&T sees revenue from IT business doubling by FY26
2 years, 7 months ago

L&T sees revenue from IT business doubling by FY26

Live Mint  

Larsen and Toubro Ltd expects its information technology services business to more than double to ₹73,980 crore in revenue by the end of March 2026, and the share of the high-margin business to jump from a fifth of total revenue now to 27%. Mumbai-headquartered L&T, the country’s largest engineering and construction company, outlined this sanguine outlook for the technology services …

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