Tsivasankaran
Consultant
Prashant.srivatsa
People Function
Karnarun
Service
L.Kumar
Manager Hr & Admn
Ramesh Rajagopal
Sr. Manager-business Excellence
Devnandha
Resource Management
Axsion
Hr Generalist
Dasarp
Finance,technology,hr & Law
Shahed.khan
Human Resources Manager

Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
1) 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 BG check 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%).

2) TCS --- Previously its an government IT Company . Now a days TCS also becoming firing IT company. Recently they fired on 500 people.( the people below 2 years of experience) and TCS lost so many projects recently( especially British Telecom Projects).

3) 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.

4) 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 oppose the move and has also filed against some.

6) Intel --- Recently joined the league. Running in heavy losses, hence firing 3000 employees in the Bangalore center in a phased out manner.

7) 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.

8) CSC --- Excellent package but fires folks in Background check and those on bench regularly. Recently fired 400+ employees from its subsidiary Covansys.

9) Satyam --- Currently stopped firing. The Attrition rate is very high. No firing from 2005 until now when 1000 employees were fired in Hyderabad.

10) Patni ---- They fired so many employees that currently they are facing understaffing and deficiency with number of employees. Very high attrition rate.

11) Keane India ---- This USA based company is always involved in firing employees. Although they proudly say that they don't have hire and fire policy. Recently they fired Java and as400 professionals after which most of the employees have started to pack their bags. Employees change this company within 1 year.

So take care before accepting offers from these companies.

Secure IT companies in India

1) Microsoft --- Has projects till 2050.

2) EDS --- Most secure company in India. Not laid off any of its employees even during 2001. Has lots of projects in Defense and financial areas

3) HP --- Dream Company. In-house and outsourced projects

4) Infosys --- Dream Job. On a way to achieve the status of a secured, stable Govt. company.

5) AOL, Google and Yahoo - Best companies to work with, great job satisfaction as well as great salary and work environment. Rarely fires an employee. As they are internet based companies' they offer lots of opportunities to grow.

6) HCL -- A good company to be in. Called as a "retirement company."

7) HSBC--- This is the most secure company. It has never fired any employee, even when they know that the employee is showing fake experience.

8) Aricent--- a communication based software company, has never fired any employee and gives great perks & incentives, lot of projects in kitty. Minimal level of attrition.

9) KPIT Cummins Infosystems Limited ---- This is the most secure company not known to many. It has presently acquired CG Smith, Bangalore and has lots of projects in pipe line. Acquisitions plans will continue.

Note: The readers can rely or not upon their own risk.

Regards,

Manju :)

From India, Hyderabad
Dear Ms. Manju Informative information - Job hoppers should think twice before they shift to any IT company - Regards L.Kumar
From India, Madras
Hi , Recently therte is a news that yahoo is also telling around 45 employees to go . Regards, Tikam
From India, Pune
Hi , Recently therte is a news that yahoo is also telling around 45 employees to go . Regards, Tikam :( :roll:
From India, Pune
Its been sent by one of my friends Tom.. :) Which I thought of sharing with all my CiteHR friends.. :) Regards, Manju :)
From India, Hyderabad
Manju

Very nicely presented. But what is the authenticity?

One report I read was about TCS firing 500 employees as a quality measure. It is 1% of the population which is very negkigible.

Firing people on background check is very ethical. If an employee joins giving false declaration, and many companies tell them that they do back ground check and will get sacked if found any info wrong, and the person still gives false info has to face the consequence. I am aware of many false certificates in IT and BPO.

Very high salary and very high risk ... that is unwritten rule.

In early 90s Finance Companies ruled India. Salaries hit the roof. People were not available. But by mid 90s, large numbers git sacked, institutions closed.

If any one wants to be very safe. then it goes like this

1. Govt Jobs

2. Educational Institutions

3. Public Sectors including Banks

4. Manufacturing

5. Consultancy services

6. Service industries

7. IT Companies

8 BPOs

This is my perception. I may be wrong.

You may be right in the numbers

But give the authenticity Giving such figures in an open forum like this may invite some trouble. Support such figures always with source.

Siva

From India, Chennai
Hi,
I assumed that mentioned information is correct. Could anyone explain what it the fun that IT companies hire employee in bulk ? I mean they do shopping in wholesale rather than retail shopping. When IT organizations can not ensure the future projects, why would they go for bulk recruitment shopping ? Is there any regulatory govt. body to ensure such chaos should now be repeated ?
It is creating mayhem in market when employees have been fired in bulk due to some or other reasons.
Is it because of lots of unemployed skilled manpoer in India ?
Regards,
DN

From Singapore, Singapore
It’s really good info... but, I’d like to know who' authenticates this, or who’s the author of this... and if possible, the source/research/methodology behind these findings...
From India, Bangalore
Few facts are not relevant today, EDS is sacking people in large chunks, few Project Managers were sacked overnight without any explanations from the Management.

Intel regularly fires people depending on their market performance, even on the best of it's business, INTEL has sacked people.

HCL has started firing recently, due to the US recession.

Verizon is one of the top firing Companies in the world, it's motto pay high sack when not needed.

Sathyam has also started the process of firing now, few weeks back.

All the bench resources have been told to find their ways.

CTS: they have Centre Of Excellence (COE or Otherwise called Bench People), they recruit people for COE and are kept idle for many months, one of my friend was recruited for COE (He is a Senior Tech architect) and it not assigned project for the last 10 months.

All companies are slowly firing, only people with Good talent and relevant skills for the present market will be left out in the companies, rest are shown the door .

Regards

Krishna

From India, Madras
Yes nothing to worry about for those with above average talent combined with hardwork
Talent with laziness will find their way out.This is where life style management becomes critical as you start earning more
Siva

From India, Chennai

This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2020 Cite.Co™