HCLTech bucks trend again, headcount rises by 2,725 employees

ETtech.com— HCLTech, country’s third largest IT services provider, bucked industry trends to report a rise in headcount of 2,725 employees for the final quarter of FY24.The total employee base stood at 227,481 at the end of March 2024. In the preceding quarter, its employee count was at 224,756 ending December.“This is one of the years we have bucked the trend of adding headcount in the year,” Ramchandran Sundararajan, chief people officer at HCLTech, in a post results conference call.For the full year as...

ETtech.com—Midcap IT companies buck the trend to add more employees. A few mid-sized information technology providers registered a net increase in workforce in fiscal 2024 offering a sharp contrast to the steep decline in headcount at India’s top tier IT firms in a year marked by tapering demand for technology services due to macroeconomic and geopolitical uncertainty.At least six mid-sized IT firms, including the likes of L&T Technology Services (LTTS) and Birlasoft, posted net additions of nearly 7,000 employees for the full year ending March 2024.“The primary...

TechSpot—SSD Pricing Update, Q2 2024: A Rising Trend for Storage. Until last year, there was plenty of talk about declining SSD prices. However, as we showed a few months ago, that trend has reversed. The AI race has also become a factor for SSD and HDD pricing.Read Entire Article

The Guardian—Elite force bucks trend of Ukrainian losses on eastern front. The Azov brigade, which leaders say has a culture of ‘mutual respect’, is tasked with repelling relentless Russian attacks as the invaders make most of artillery mismatchFifteen miles east of the garrison town of Lyman, a desperate fight has been taking place on Ukraine’s eastern front for months. The once verdant Serebryansky pine forest has been reduced to burnt-out stumps, reminiscent of images from the Somme, destroyed amid Russian attacks aimed at eliminating Ukrainian foxholes.Fearful that...