Comments on: India Inc set for layoffs

By: Suchitra

Suchitra — Mon, 27 Sep 2010 07:55:53 +0000

We don’t need these foreigners to employ us and then spoil us and then layoff. First they grab our land and then force us to work for them. This is gundagiri.

By: Ranga

Ranga — Tue, 03 Mar 2009 03:35:47 +0000

I have been working in TCS Bangalore from the past 6+ years
I have been asked by Regional head of HR to resign with in one week
The reason being I had received a 2 rating in a scale of 5 in the year 2005

I am entitled to one month basic upon submitting resignation

My question is, is it not unfair for a person who has servered the company for 6+ years to be seperated without any severance package
I think they have to give atleast 1 month basic for every year of service

This layoffs is happening suddenly from last week without any notice
In late Dec 2008 they have introduced a Performance Improvement Program
Which says that people with 2 consecutive ratings of 2/5 should be put under
3 months probation and then seperated if no improvement is shown
No where there is a policy in the company stating that people with a 2/5 rating in
any of the pervious years should be removed

What is actually happening is that the HR head of Bangalore(BB Shetty) sends a mail
from his official ID bb.shetty@tcs.com or calls from his mobile and asks people to meet him at his chamber
Upon reaching there Shetty threatens the employees with dire consequences if they do not
resign within one week, he says that if they dont resign they will be terminated
and no other company would hire them with a termination record

Many associates in the experience bracket of 3-8 years experince have been forced to resign already
Also heard unofficially that thousands may be sacked the same way

This is pure layoff of senior staff to put in freshers in their place
Arent the people being layed off entitied to severance package so that they can sustain till they get
another job is got in this slowdown

Is there any labour Department to look into this

By: R S Rao

R S Rao — Sun, 01 Feb 2009 17:06:03 +0000

Interestingly with massive layoffs, those who were part-time insurance agents have suddenly switched to full-time insurance sales to make good as far as possible loss of income. While overall sale of policies have not shot up, individually there have been many examples of agents hitting day’s highs at LIC. Not bad given these hard pressed credit crunch

-Sairam Rao

By: Starwin

Starwin — Thu, 04 Dec 2008 05:51:15 +0000

Please keep posting more layoffs here.

By: Assocham withdraws it’s Job Cut Report |Technology and Business Startups in India

Sun, 02 Nov 2008 13:49:16 +0000

[...] | Layoff India Tracker | Email This Post Assocham earlier released a report (that stated 25-30% India Inc workforce will be laid-off within 10 days from Diwali) that drew a major flak from the government and other industry associations [...]

By: Suvin K Varkey

Suvin K Varkey — Sun, 02 Nov 2008 06:07:15 +0000

Companies who are operating in regions like Trivandrum and Cochin have started to layoff. These are regions where resources are available at a lower cost when compared to Bangalore, Hyderabad or Mumbai. For the SMBs this provides an opportunity to retain its resources because the inflation in the IT salaries will drastically come down.

- Suvin K Varkey

By: Rahi

Rahi — Thu, 30 Oct 2008 10:37:47 +0000

i havent ruled out updating my resume jaidev. but i also agree by that hindi saying which goes like this – jab dava na kam aye to dua leni chahiye.

so in these times of economic slowdown, when you can do little to save your job, it’s prayers that are more helpful.

By: Jaidev Bhola

Jaidev Bhola — Thu, 30 Oct 2008 08:25:55 +0000

Rahi – praying is good. Updating the resume is better.

By: Azhar

Azhar — Thu, 30 Oct 2008 06:44:42 +0000

This was actually inevitable, the way hiring’s were going on for past 3 or 4 years was crazy.This companies have too much fat, its time for them to become lean again. I think the top 20% of the companies will account for 80% of the firings.

By: Nik

Nik — Thu, 30 Oct 2008 06:12:53 +0000

Lets hope all the guys who get laid off stop whining, and start companies. Entrepreneurship is the answer for the tomorrow – it beats recession, creates jobs, creates wealth, and keeps India growing.

By: Rahi

Rahi — Thu, 30 Oct 2008 05:34:49 +0000

the picture used in the post was really frightening. god knows how wud have employees working in this company reacted when seeing such a board at the entrance.

also fearing for my own job and the jobs of thousands of others whose industry has been struck by the financial crisis.

come let’s all of us pray for the recession to go back soon.