Top Most Firing IT companies in India
Disclaimer : I cannot personally acknowledge that the information given in this article is 100% accurate. But most of it is true and has been acknowledged by the Indian Press too.
IBM - Right now this is the most firing company for IT professionals. In the last 6 months, this company has fired nearly 20% of their employees because of Background checks and performance issues. This is the most insecure company from an IT professional's point of view. They don't have any strategic plans at HR policies regarding employee security. No appraisals (maximum 10%).
TCS - Previously it was functioning as a government IT Company . Now a days TCS has also become a firing major IT company. Recently it fired on 500 people - mostly people below 2 years of experience and TCS has also lost so many projects recently( especially British Telecom Projects).
Accenture - This is second top most firing company. The firing rate is around 5%. This depends upon outsourced projects; they have a unique system where Accenture development centers around the world bid for a project coming into the company. Currently Philippines centre is taking the cake and the Indian centers are in a firing mode.
From India, Ahmadabad
7Disclaimer : I cannot personally acknowledge that the information given in this article is 100% accurate. But most of it is true and has been acknowledged by the Indian Press too.
IBM - Right now this is the most firing company for IT professionals. In the last 6 months, this company has fired nearly 20% of their employees because of Background checks and performance issues. This is the most insecure company from an IT professional's point of view. They don't have any strategic plans at HR policies regarding employee security. No appraisals (maximum 10%).
TCS - Previously it was functioning as a government IT Company . Now a days TCS has also become a firing major IT company. Recently it fired on 500 people - mostly people below 2 years of experience and TCS has also lost so many projects recently( especially British Telecom Projects).
Accenture - This is second top most firing company. The firing rate is around 5%. This depends upon outsourced projects; they have a unique system where Accenture development centers around the world bid for a project coming into the company. Currently Philippines centre is taking the cake and the Indian centers are in a firing mode.
From India, Ahmadabad
Accenture - This is second top most firing company. The firing rate is around 5%. This depends upon outsourced projects; they have a unique system where Accenture development centers around the world bid for a project coming into the company. Currently Philippines centre is taking the cake and the Indian centers are in a firing mode.
WIPRO - Firing people with very frequent back ground checks and firing them with out even experience letters and relieving letters (will mention as terminated from services)but will promise the employees that they will retain them. After the project is over they will fire away. Will threaten of criminal cases against such employees if they opposethe move and has also filed cases against some.
Intel - Recently joined the league. Running in heavy losses, hence firing 3000 employees in the Banglore center in a phased out manner. Remember Intel made it into the headlines with the failed processor design from the Bangalore Labs and also fired a few employees for producing fake car rental bills.
CTS - Has a steady firing policy (checking the Educational background and previous employment and also employee performance in work). In a Recent HCL walk-in, around 50% attendees were from this company. Sadly the I-pods have not helped them.
From India, Ahmadabad
WIPRO - Firing people with very frequent back ground checks and firing them with out even experience letters and relieving letters (will mention as terminated from services)but will promise the employees that they will retain them. After the project is over they will fire away. Will threaten of criminal cases against such employees if they opposethe move and has also filed cases against some.
Intel - Recently joined the league. Running in heavy losses, hence firing 3000 employees in the Banglore center in a phased out manner. Remember Intel made it into the headlines with the failed processor design from the Bangalore Labs and also fired a few employees for producing fake car rental bills.
CTS - Has a steady firing policy (checking the Educational background and previous employment and also employee performance in work). In a Recent HCL walk-in, around 50% attendees were from this company. Sadly the I-pods have not helped them.
From India, Ahmadabad
World's 10 best companies to work for
February 2, 2009
Happy employees are motivated employees and a huge contributing factor to any company's success. No wonder then, the top 10 great companies to work for -- as listed by Fortune magazine and the Great Place to Work Institute -- also do well when it comes to profitability.
Note: Market cap as on January 28, 2009
Company: NetApp
Rank: 1
Chairman, CEO: Dan Warmenhoven
Business: Specialises in proprietary network storage and data management.
Reach: Has over 130 offices worldwide, including US, Canada, Europe, South America, Asia, Pacific and Australia.
Market cap: $5.37 billion
Why: Greatplacetowork.com says, 'The essence of what fuels the quality of the workplace at NetApp is the high trust culture. Leaders reach out to employees, sharing information, support and time in a variety of ways. This generosity of spirit is reciprocated many times over, creating within NetApp its own version of a fail-safe networked organisation.'
From India, Ahmadabad
February 2, 2009
Happy employees are motivated employees and a huge contributing factor to any company's success. No wonder then, the top 10 great companies to work for -- as listed by Fortune magazine and the Great Place to Work Institute -- also do well when it comes to profitability.
Note: Market cap as on January 28, 2009
Company: NetApp
Rank: 1
Chairman, CEO: Dan Warmenhoven
Business: Specialises in proprietary network storage and data management.
Reach: Has over 130 offices worldwide, including US, Canada, Europe, South America, Asia, Pacific and Australia.
Market cap: $5.37 billion
Why: Greatplacetowork.com says, 'The essence of what fuels the quality of the workplace at NetApp is the high trust culture. Leaders reach out to employees, sharing information, support and time in a variety of ways. This generosity of spirit is reciprocated many times over, creating within NetApp its own version of a fail-safe networked organisation.'
From India, Ahmadabad
World's 10 best companies to work for
Company: Edward Jones
Rank: 2
Managing partner: James D Weddle
Business: Offers financial products at an individual investor level. Currently serves more than 7 million clients.
Reach: Over 10,800 offices in the United States, Canada and United Kingdom
2007 revenue: $4.14 billion
Why: Greatplacetowork.com says, 'Employees receive a whopping 149 hours of training on average a year, more than three times the 100 best average of 45. But Edward Jones doesn't just train people for the job they're doing. The management's philosophy is that employees who are passionate about their jobs will make the company a better place, so managers encourage people to develop skills even when they know the new skills will lead to a different job.'
From India, Ahmadabad
Company: Edward Jones
Rank: 2
Managing partner: James D Weddle
Business: Offers financial products at an individual investor level. Currently serves more than 7 million clients.
Reach: Over 10,800 offices in the United States, Canada and United Kingdom
2007 revenue: $4.14 billion
Why: Greatplacetowork.com says, 'Employees receive a whopping 149 hours of training on average a year, more than three times the 100 best average of 45. But Edward Jones doesn't just train people for the job they're doing. The management's philosophy is that employees who are passionate about their jobs will make the company a better place, so managers encourage people to develop skills even when they know the new skills will lead to a different job.'
From India, Ahmadabad
World's 10 best companies to work for
Company: Nugget Market, Inc
Rank: 10
CEO: Gene Stille
Business: Family owned, upscale supermarket chain
Reach: Owns and operates nine Nugget Markets and three Food 4 Less stores in the Northern California region, United States
2007 revenue: $ 273 million
Why: Nugget Market, which was founded in 1926, has never had a layoff. Since its launch, it has had a progressive, employee-friendly attitude, providing its associates with some of the top wage and benefit packages in the industry. Nugget also has excellent healthcare benefits, including long-term disability and sick pay. It encourages associates to balance their work and personal life through flexible schedules and five weeks of paid vacation.
From India, Ahmadabad
Company: Nugget Market, Inc
Rank: 10
CEO: Gene Stille
Business: Family owned, upscale supermarket chain
Reach: Owns and operates nine Nugget Markets and three Food 4 Less stores in the Northern California region, United States
2007 revenue: $ 273 million
Why: Nugget Market, which was founded in 1926, has never had a layoff. Since its launch, it has had a progressive, employee-friendly attitude, providing its associates with some of the top wage and benefit packages in the industry. Nugget also has excellent healthcare benefits, including long-term disability and sick pay. It encourages associates to balance their work and personal life through flexible schedules and five weeks of paid vacation.
From India, Ahmadabad
World's 10 best companies to work for
Company: Goldman Sachs
Rank: 9
Chairman, CEO: Lloyd Blankfein
Business: A bank holding company that engages in investment banking, securities services and investment management.
Reach: United States, South America, North America, Asia Pacific, Europe, Middle East,
Market cap: $ 42.57 billion
Why: Sharing ideas, support collaboration and contributing to others' project is encouraged, both through explicitly defined cultural expectations and through the actions of individual leaders, who are also expected to serve as role models.
Some of the benefits offered include education, tuition reimbursement, preparatory courses and exams, scholarships and fellowships and loan and mortgage discounts. They can also avail of ongoing training and mentoring programmes.
From India, Ahmadabad
Company: Goldman Sachs
Rank: 9
Chairman, CEO: Lloyd Blankfein
Business: A bank holding company that engages in investment banking, securities services and investment management.
Reach: United States, South America, North America, Asia Pacific, Europe, Middle East,
Market cap: $ 42.57 billion
Why: Sharing ideas, support collaboration and contributing to others' project is encouraged, both through explicitly defined cultural expectations and through the actions of individual leaders, who are also expected to serve as role models.
Some of the benefits offered include education, tuition reimbursement, preparatory courses and exams, scholarships and fellowships and loan and mortgage discounts. They can also avail of ongoing training and mentoring programmes.
From India, Ahmadabad
World's 10 best companies to work for
Company: Methodist Hospital System
Rank: 8
Director, operations and business development: Nagib Mustafa
Business: A leading US hospital, this acute care complex serves over 40,000 domestic and international patients every year. It is also a comprehensive teaching hospital, with leading specialists in every field of medicine.
Reach: United States. It also partners more than 25 hospitals in Latin America, Europe and the Middle East.
2007 revenue: $1,742 million
Why: Employees earn paid time off accruals biweekly beginning from the date of hire. They are offered subsidised transport options. Education assistance includes tuition reimbursement for undergraduate, graduate and doctoral level courses that are job related. Employees can get additional financial assistance for certain certifications/ degrees and a college scholarship for children of employees enrolled in health care degree programmes. Employees who adopt children are provided financial assistance. All employees and dependents have access to resources to help with everyday challenges of work and life.
From India, Ahmadabad
Company: Methodist Hospital System
Rank: 8
Director, operations and business development: Nagib Mustafa
Business: A leading US hospital, this acute care complex serves over 40,000 domestic and international patients every year. It is also a comprehensive teaching hospital, with leading specialists in every field of medicine.
Reach: United States. It also partners more than 25 hospitals in Latin America, Europe and the Middle East.
2007 revenue: $1,742 million
Why: Employees earn paid time off accruals biweekly beginning from the date of hire. They are offered subsidised transport options. Education assistance includes tuition reimbursement for undergraduate, graduate and doctoral level courses that are job related. Employees can get additional financial assistance for certain certifications/ degrees and a college scholarship for children of employees enrolled in health care degree programmes. Employees who adopt children are provided financial assistance. All employees and dependents have access to resources to help with everyday challenges of work and life.
From India, Ahmadabad
World's 10 best companies to work for
Company: Genentech
Rank: 7
Chairman, CEO: Arthur D Levinson
Business: This leading biotechnology corporation is considered the founder of the biotech industry.
Reach: United States, Singapore
Market cap: $ 87.78 billion
Why: Genentech fosters individual creativity and initiative among its researchers, encouraging scientists to pursue projects of interest in addition to working toward the company's goals. Their scientists have consistently published important papers in prestigious peer-reviewed journals. They have also secured approximately 7,400 current, non-expired patents worldwide and have about 6,250 patent applications pending. Genentech also has a strong postdoctoral programme, with fellowships that last four years. The company believes providing employees with programmes, services and benefits allow them to bring the best to the business and to their personal lives.
From India, Ahmadabad
Company: Genentech
Rank: 7
Chairman, CEO: Arthur D Levinson
Business: This leading biotechnology corporation is considered the founder of the biotech industry.
Reach: United States, Singapore
Market cap: $ 87.78 billion
Why: Genentech fosters individual creativity and initiative among its researchers, encouraging scientists to pursue projects of interest in addition to working toward the company's goals. Their scientists have consistently published important papers in prestigious peer-reviewed journals. They have also secured approximately 7,400 current, non-expired patents worldwide and have about 6,250 patent applications pending. Genentech also has a strong postdoctoral programme, with fellowships that last four years. The company believes providing employees with programmes, services and benefits allow them to bring the best to the business and to their personal lives.
From India, Ahmadabad
Hi Jay,
This was very useful information, as per my personal experience let me tell you that if it contains all industries, then the first prize will goes to India's famous Home appliance company (from Korea).Two in the list. Guess the correct one (hahahha)
Regards,
PRIJU
From India, New Delhi
The situation is not only restricted to the IT industry.As far as the telecom industry is concerned, the market is flooded with too many players leading to very thin profit margins. But major players like Airtel have also initiated employee retrenchment without much noise. Employees who have served the company for 13 long years are being asked to leave with short notice. Employees who have been hired 6 months ago are being asked to put in resignation within 3 months of joining. On the other hand, the company has been recruiting middle level management which is a total absurdity to the company's reasoning to reduce manpower cost. It is quite shocking to know that companies like Airtel having the best HR policies and one of the ‘Most Preferred Employer’ has been doing such employee retrenchment under the table. It is a total contrast when smaller organizations have retained & supported their employees during the tough times where as bigger companies which run on profits month on month even during the recession are adopting to such measure and creating a detrimental work culture. Employers are reaping the seed of job insecurity that they instilled in the minds of the employees during the bad days.
From India, Kochi
From India, Kochi
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