1) IBM - Right now, this is the most concerning company for IT professionals. In the last 6 months, this company has fired nearly 20% of its employees due to background check and performance issues. From an IT professional's perspective, this is the most insecure company. They lack any strategic plans or HR policies regarding employee security, with no appraisals (maximum 10%).
2) TCS - Previously a government IT company, TCS is now also becoming known for its employee terminations. Recently, they let go of 500 people, particularly those with less than 2 years of experience. Additionally, TCS has lost several projects, especially British Telecom projects.
3) Accenture - This is the second top company in terms of employee terminations, with a firing rate of around 5%. The rate depends on outsourced projects, as Accenture's development centers worldwide bid for incoming projects. Currently, the Philippines center is thriving while Indian centers are in a firing mode.
4) WIPRO - WIPRO has been terminating employees frequently, conducting background checks and dismissing them without experience or relieving letters (labeling them as terminated from services). They assure employees of retention but let them go after projects end. There have been threats of criminal cases against employees who oppose such actions, with some cases already filed.
5) Intel - Intel recently joined the league of companies firing employees due to significant losses. They are gradually terminating 3000 employees at the Bangalore center.
6) CTS - CTS has a consistent firing policy based on educational background, previous employment, and work performance. In a recent HCL walk-in, around 50% of attendees were from CTS. Unfortunately, even gadgets like I-pods have not improved the situation.
7) CSC - Despite offering excellent packages, CSC regularly dismisses employees during background checks and those on the bench. Recently, they fired over 400 employees from their subsidiary, Covansys.
8) Satyam - Currently not involved in terminations, Satyam has a high attrition rate. The last firing incident was in 2005 when 1000 employees were let go in Hyderabad.
9) Patni - Patni has conducted numerous terminations, resulting in understaffing and a shortage of employees. Their attrition rate is very high.
10) Keane India - This USA-based company has a history of employee terminations, despite claiming not to have a hire and fire policy. Recently, they let go of Java and AS400 professionals, prompting many employees to leave within a year.
Please be cautious when considering offers from these companies.
Secure IT companies in India
1) Microsoft - Known for having projects planned until 2050.
2) EDS - Considered the most secure company in India, EDS did not lay off any employees even during 2001. They have numerous projects in defense and financial sectors.
3) HP - A dream company for many, HP offers in-house and outsourced projects.
4) Infosys - Described as a dream job, Infosys is on its way to becoming a secure, stable government company.
5) AOL, Google, and Yahoo - These are excellent companies to work for, providing job satisfaction, great salaries, and work environments. They rarely terminate employees due to being internet-based companies, offering ample growth opportunities.
6) HCL - Regarded as a good company to work in, HCL is often called a "retirement company."
7) HSBC - Considered the most secure company, HSBC has never terminated an employee, even in cases of suspected fake experience.
8) Aricent - A communication-based software company, Aricent has never fired any employees and offers great perks, incentives, and numerous projects. They maintain a minimal level of attrition.
9) KPIT Cummins Infosystems Limited - This lesser-known company is highly secure, having recently acquired CG Smith, Bangalore, with many projects in the pipeline. Their acquisition plans are ongoing.
Note: Readers may choose to rely on this information at their own risk.
Regards,
Manju :)
2) TCS - Previously a government IT company, TCS is now also becoming known for its employee terminations. Recently, they let go of 500 people, particularly those with less than 2 years of experience. Additionally, TCS has lost several projects, especially British Telecom projects.
3) Accenture - This is the second top company in terms of employee terminations, with a firing rate of around 5%. The rate depends on outsourced projects, as Accenture's development centers worldwide bid for incoming projects. Currently, the Philippines center is thriving while Indian centers are in a firing mode.
4) WIPRO - WIPRO has been terminating employees frequently, conducting background checks and dismissing them without experience or relieving letters (labeling them as terminated from services). They assure employees of retention but let them go after projects end. There have been threats of criminal cases against employees who oppose such actions, with some cases already filed.
5) Intel - Intel recently joined the league of companies firing employees due to significant losses. They are gradually terminating 3000 employees at the Bangalore center.
6) CTS - CTS has a consistent firing policy based on educational background, previous employment, and work performance. In a recent HCL walk-in, around 50% of attendees were from CTS. Unfortunately, even gadgets like I-pods have not improved the situation.
7) CSC - Despite offering excellent packages, CSC regularly dismisses employees during background checks and those on the bench. Recently, they fired over 400 employees from their subsidiary, Covansys.
8) Satyam - Currently not involved in terminations, Satyam has a high attrition rate. The last firing incident was in 2005 when 1000 employees were let go in Hyderabad.
9) Patni - Patni has conducted numerous terminations, resulting in understaffing and a shortage of employees. Their attrition rate is very high.
10) Keane India - This USA-based company has a history of employee terminations, despite claiming not to have a hire and fire policy. Recently, they let go of Java and AS400 professionals, prompting many employees to leave within a year.
Please be cautious when considering offers from these companies.
Secure IT companies in India
1) Microsoft - Known for having projects planned until 2050.
2) EDS - Considered the most secure company in India, EDS did not lay off any employees even during 2001. They have numerous projects in defense and financial sectors.
3) HP - A dream company for many, HP offers in-house and outsourced projects.
4) Infosys - Described as a dream job, Infosys is on its way to becoming a secure, stable government company.
5) AOL, Google, and Yahoo - These are excellent companies to work for, providing job satisfaction, great salaries, and work environments. They rarely terminate employees due to being internet-based companies, offering ample growth opportunities.
6) HCL - Regarded as a good company to work in, HCL is often called a "retirement company."
7) HSBC - Considered the most secure company, HSBC has never terminated an employee, even in cases of suspected fake experience.
8) Aricent - A communication-based software company, Aricent has never fired any employees and offers great perks, incentives, and numerous projects. They maintain a minimal level of attrition.
9) KPIT Cummins Infosystems Limited - This lesser-known company is highly secure, having recently acquired CG Smith, Bangalore, with many projects in the pipeline. Their acquisition plans are ongoing.
Note: Readers may choose to rely on this information at their own risk.
Regards,
Manju :)