When companies tighten their proverbial belts in a time of economic crisis, employment is the first to go haywire. In the U.S. alone, 4.4 million jobs are said to have been lost. In this time of recession, full-time employment has become a shaky concept.
Based on a recent survey, companies are now outsourcing more tasks and [...]

IBM will cut as many as 5000 jobs in the United States this year, which will amount to over 4 percent of the total IBM’s workforce. Sources say that the job cuts will be administered mainly in the IBM’s global outsourcing and consulting services.
These turn of events are only expected after the economic recession, probably [...]

Indian IT major, Satyam Computer Services Ltd has hoped to finalize its buyer by April 30 for its 51 percent stake in the company. After months of being under the scanner for the fraud case, the biggest scam in Indian corporate history, Satyam Computers have finally found some bidders. 
The potential bidders as for now are [...]

With the U.S President Barack Obama’s new budget plans to restructure the crumbling U.S economy, India’s IT industry may suffer. He has vowed to eliminate tax benefits for the U.S companies that have outsourced jobs to the foreign locations.
Nearly 1000 American firms have outsourced their jobs to a foreign location due to cost benefits. The [...]

Government of India has proactively stepped in to rescue Satyam and control the damage done by Satyam scandal to India’s overseas image. Satyam founders Ramalinga Raju, his brother and financial head of the company are in judicial custody for interrogation. Government has appointed three experts as new board members and looks like Satyam and India’s [...]