Saturday 11 February 2017

News Digest: Snapdeal plans to cut 1,000 jobs

THE TIMES OF INDIA
Sunday, February 12, 2017
Today's Headlines

Snapdeal plans to cut 1,000 jobs
In February 2016, Snapdeal had put over 200 employees on a Performance Improvement Program and eventually let go of the additional staff.

Infosys CEO Vishal Sikka safe for now, say fund managers
Vishal Sikka’s position as Infosys CEO appears to be safe for now with fund managers and insurance companies saying that there is no threat to his position, but they hope to see a resolution of differences between promoters and the management.

Salary increments at IT companies may fall to 2% this year
In the technology industry, the career ladder isn't the only important attribute disappearing too quickly: Additional digits on payslips may be the next to go as wage-growth at software companies increasingly moves in lockstep with recent investor returns on these bellwethers.

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