An anonymous reader quotes a report from Quartz: For Indian techies, 2017 was the stuff of nightmares. One of the top employment generators until a few years ago, India’s $160 billion IT industry laid off more than 56, 000 employees this year. Some analysts believe this spree was worse than the one during the 2008 financial crisis. Meanwhile, hiring plummeted, with entry-level openings having more than halved in 2017, according to experts. Tata Consultancy Services (TCS) and Infosys, two of India’s largest IT companies and once leaders in job creation, reduced their headcounts for the first time ever. Even mid-sized players like Tech Mahindra retrenched several employees. Compared to the normal rate of forced attrition (i.e. asking non-performers to leave) of around 1% in earlier years, 2017 saw Indian IT companies letting go of between 2% and 6% of their employees, said Alka Dhingra, general manager of IT staffing at TeamLease Services. Infosys cut 9, 000 jobs in January. “Instead of 10 people, what if we have three people to work on (a project). If we don’t have the software, then some others will take the advantage (away from us), ” Vishal Sikka, the former CEO of the Bengaluru-based company, said in February. Meanwhile, around 6, 000 Indian employees at Cognizant reportedly lost their jobs to automation. Read more of this story at Slashdot.
Originally posted here:
56,000 Layoffs and Counting: India’s IT Bloodbath This Year May Just Be the Start
An anonymous reader quotes an article from the Washington Times: Hackers on Friday successfully pulled off cyberattacks against Vietnam’s two largest airports and the nation’s flag carrier, Vietnam Airlines. The attacks — attributed to a Chinese hacking group known as 1937CN — ultimately failed to cause any significant security issues or air traffic control problems, Vice Minister of Transport Nguyen Nhat told local media. Nonetheless, the individuals briefly hijacked flight information screens and sound systems inside Noi Bai and Tan Son Nhat airports in Hanoi and Ho Chi Minh City, respectively… Instead of departure and arrival details, the airports’ flight screens and speakers broadcast what local media described as anti-Vietnamese and Philippines slogans, in turn prompting authorities to shut down both systems… Vietnam Airlineâ(TM)s website, meanwhile, “was seized control and transferred to a malicious website abroad” and… passenger data pertaining to an undisclosed number of its frequent flyers was published online as well, the airline said in a statement. Local media on Friday said about 100 MB of data concerning roughly 40, 000 VMA passengers had been dumped online. Read more of this story at Slashdot.
Pity the poor mapmaker assigned to the South China Sea. The hotly disputed waters in the Pacific are torn between competing claims from all the countries that surround it. China, especially, has been aggressive and sly. It’s now dumping sand onto small reefs and shoals, building whole new islands to bolster its territorial claims . Read more…