While some would be given counselling to improve their performance, others would be asked to leave.
As per the news sources, Wipro’s corporate vice-president (human resources) Pratik Kumar confirmed the move. Asked how many employees had been asked to move on, he said the company did not disclose that number, but it was "significantly lower than 2,000". "I can’t comment on a particular number," Kumar said, when asked to comment.
Seems like every company has got a reason in the name of "Regular Exercise" or "Based on Annual Performance Review". The fact remains the same that all these things are being done primarily for cost cutting. With severe dependency on US markets, which are seeing a big problem, the Indian IT secotr has been worst hit. "It’s a regular annual exercise. As the appraisal cycle gets over, a multi-layer review happens. Following that, people who have fallen in the lower quadrants of performance are put on watch. Some are asked to pull up and others are asked to move on," he said.
The review includes all the 60,000 global IT services employees from the senior leadership team down to the person with one-year experience.
Recently, TCS created a big uproar by deducting the salary of employees or going for a salary cut. In India, it was TCS which went for a TCS layoff following TCS salary cuts. Then it was IBM which axed 700 jobs across all over India.
In February, Tata Consultancy Services (TCS), the country’s largest IT services firm, had given pink slips to 500 non-performers. IBM, too, had asked about 700 employees in India to leave, citing non-performance. In July, Patni Computer Systems had shown the door to 400 employees. While IT companies said the move was not linked to the slowdown in the US, a key market for IT services, there was a consensus that it was time for belt-tightening.
11 comments:
Even L&T (Larsen & Toubro infotech Limited) limited has started a layoff at pune . Their first phase includes 45 ppl.
-- I am working in L&T. This is a confirm news.
yes true !! L & T Infotech (Pune) starts laying off people and I am one of the victim !!!
Also, it was considered that they are also recruiting the freshers in place rather the experienced and may plan to put them in pressure for the work with less cost!! :) good company keep it up this way!!!
Your allegation seems to be baseless
Yes it is true that more than 400 people has been asked to leave L&T infotech.com ...
Around 100 people were layed off in Fidelity National Information Services, Chennai. Cost cutting - we don't like the roles !!!
The number of people, who have been laid off is close to 300. L&T Infotech has a history of keeping bonded labour. The HR policies suck and the white elephants at the middle and top layer have made matters worse for the genuine knowledge workers.
Hello friends its not 2000, their plan is to remove almost 20000 employees, they are forcing them to resign, and most of them they are saying that if you will not resign we will not even give ur experience letters, they also say that they will file a case againest employee. we people work day and night to complete their projects. and at last we get this kind of treatment. shame on such companyes who dont even know how to respect employees who are the base for any companies growth.what do they thing what ever they are today becos of their ability noo.. they are here because of employees and employees hardwork. if employees do strike for even one day just imagin what will be the loss that company will get into. bledy basterds.
Yes the employees are asked to submit resignation and they will be seperated by 31st March 09. Wipro did this for even good people who contributed significantly. There is no compensation paid for this sudden change. It is really a sad part for such high professional company which talk of spirit of wipro and integrity , human touch etc., et.,
Yes..wipro is planning to cut the more number of employees in the name of assessment test. The best thing is no one can clear the test(it is very difficult), so people will be passed with others help. After one month 5% of the people who passed will be randomly selected and undergo the test again. if they fails then gone :)
test
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