Pink Slip: It Companies Sacking Many Employees!!

TCS planning more layoffs, Wipro sacks 1000, Satyam to axe 4,500 … It seems the days of pink slips have come to haunt Indian IT pros. Though all companies have termed these terminations performance-based, it is anyone’s guess that global slowdown has started hurting Indian IT cos. 

Late last year, the global IT giant IBM had reportedly laid off 700 entry-level trainee programmers (ELTPs) across its offices in India. Zensar too had reportedly given pink slips to 2 per cent of it staff, again the company claimed that it was on performance basis. 

The increments and salaries too have been a causality at most IT firms. Here’s looking into the companies who have taken the manpower call.Recently, TCS also retrenched 15 employees from its Australian subsidiary. Interestingly, last month too, the company had shown door to some 25 employees from its Kolkata and Bangalore centers for fudging CVs.

At the end of the quarter ended June 2008, Wipro’s IT services employee base had fallen to 61,345 from 62,070 employees at the end of the previous quarter. However, industry sources reveal that the laid off employees included several project managers as well. Incidentally, while in case of TCS, the retrenched number was about 0.5 per cent of the workforce, for Patni, it made for closer to 3 per cent of the 14,800-strong workforce.

One response to this post.

  1. Posted by Rachel on November 1, 2008 at 4:10 pm

    Here’s some advice to those out of work. Here’s 3 new job sites just added to the About.com top 10 job site list –

    http://www.linkedin.com (professional networking)
    http://www.indeed.com (aggregated job listings)
    http://www.realmatch.com (matches you to the perfect job)

    Good luck to all those searching for jobs.

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