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 :)
From India, Hyderabad
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22) 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 :)
From India, Hyderabad
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Dear Ms. Manju Informative information - Job hoppers should think twice before they shift to any IT company - Regards L.Kumar
From India, Madras
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From India, Madras
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Hi , Recently therte is a news that yahoo is also telling around 45 employees to go . Regards, Tikam
From India, Pune
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From India, Pune
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Hi , Recently therte is a news that yahoo is also telling around 45 employees to go . Regards, Tikam :( :roll:
From India, Pune
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From India, Pune
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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 negligible.
Firing people based on background checks is very ethical. If an employee joins by providing false information, and many companies inform them about conducting background checks and the consequences of providing false information, the person must face the consequences. I am aware of many cases of false certificates in IT and BPO industries.
A very high salary and very high risk... that is an unwritten rule.
In the early 90s, Finance Companies dominated India. Salaries soared, and people were in high demand. However, by the mid-90s, a large number of people were laid off, and institutions closed down.
If anyone 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 about the numbers.
But ensure authenticity. Providing such figures in an open forum like this may invite some trouble. Always support such figures with a reliable source.
Siva
From India, Chennai
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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 negligible.
Firing people based on background checks is very ethical. If an employee joins by providing false information, and many companies inform them about conducting background checks and the consequences of providing false information, the person must face the consequences. I am aware of many cases of false certificates in IT and BPO industries.
A very high salary and very high risk... that is an unwritten rule.
In the early 90s, Finance Companies dominated India. Salaries soared, and people were in high demand. However, by the mid-90s, a large number of people were laid off, and institutions closed down.
If anyone 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 about the numbers.
But ensure authenticity. Providing such figures in an open forum like this may invite some trouble. Always support such figures with a reliable source.
Siva
From India, Chennai
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Hi,
I assumed that the mentioned information is correct. Could anyone explain why IT companies hire employees in bulk? I mean they do shopping in wholesale rather than retail shopping. When IT organizations cannot ensure future projects, why would they go for bulk recruitment shopping? Is there any regulatory government body to ensure that such chaos should not be repeated?
It is creating mayhem in the market when employees are fired in bulk due to some or other reasons. Is it because of lots of unemployed skilled manpower in India?
Regards,
DN
From Singapore, Singapore
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I assumed that the mentioned information is correct. Could anyone explain why IT companies hire employees in bulk? I mean they do shopping in wholesale rather than retail shopping. When IT organizations cannot ensure future projects, why would they go for bulk recruitment shopping? Is there any regulatory government body to ensure that such chaos should not be repeated?
It is creating mayhem in the market when employees are fired in bulk due to some or other reasons. Is it because of lots of unemployed skilled manpower in India?
Regards,
DN
From Singapore, Singapore
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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
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From India, Bangalore
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Few facts are not relevant today. EDS is sacking people in large numbers. Several Project Managers were sacked overnight without any explanations from the Management.
Intel regularly fires people depending on their market performance, even during the best of its business. Intel has sacked people.
HCL has started firing recently due to the US recession.
Verizon is one of the top companies for layoffs globally. Its motto is to pay high severance when not needed.
Sathyam has also initiated the process of layoffs a few weeks back.
All the bench resources have been instructed to find new opportunities.
CTS: They have a Center Of Excellence (COE), also known as Bench People. They recruit individuals for COE and keep them idle for many months. One of my friends was recruited for COE (he is a Senior Tech Architect) and has not been assigned a project for the last 10 months.
All companies are gradually downsizing. Only individuals with good talent and relevant skills for the current market will be retained in the companies; the rest are let go.
Regards,
Krishna
From India, Madras
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Intel regularly fires people depending on their market performance, even during the best of its business. Intel has sacked people.
HCL has started firing recently due to the US recession.
Verizon is one of the top companies for layoffs globally. Its motto is to pay high severance when not needed.
Sathyam has also initiated the process of layoffs a few weeks back.
All the bench resources have been instructed to find new opportunities.
CTS: They have a Center Of Excellence (COE), also known as Bench People. They recruit individuals for COE and keep them idle for many months. One of my friends was recruited for COE (he is a Senior Tech Architect) and has not been assigned a project for the last 10 months.
All companies are gradually downsizing. Only individuals with good talent and relevant skills for the current market will be retained in the companies; the rest are let go.
Regards,
Krishna
From India, Madras
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Thank you, Nidhi :), Devnandha, Harinath, Trupthi, Sree, Manohar, Subha, Radhiga, Bhaskar.
And Ritvik, this is a public forum, please ensure you use decent language.
And Manohar, the following are the sources, and I cross-checked them with my friends in IT companies before posting this. I hope it is clear:
- http://www.malluforum.com/about5519.html
- http://www.managementparadise.com/fo...ead.php?t=1340
- http://www.snehah.com/blog/view/id_1...nies-in-india/ :)
Regards, Manju :)
From India, Hyderabad
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And Ritvik, this is a public forum, please ensure you use decent language.
And Manohar, the following are the sources, and I cross-checked them with my friends in IT companies before posting this. I hope it is clear:
- http://www.malluforum.com/about5519.html
- http://www.managementparadise.com/fo...ead.php?t=1340
- http://www.snehah.com/blog/view/id_1...nies-in-india/ :)
Regards, Manju :)
From India, Hyderabad
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Hi Manju,
Thanks for the quick response :)
I checked the links you've given, but unfortunately, none of them are credible resources to rely on for authenticity. Given the sensitive nature of information, unless a piece of information is published or provided by a credible source, it cannot be widely circulated as well.
Without questioning the accuracy of the information, I would rather dismiss it as something frivolous because it lacks ownership. And that can be dangerous.
I hope this is taken in the right spirit.
Regards,
Manohar.
From India, Bangalore
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Thanks for the quick response :)
I checked the links you've given, but unfortunately, none of them are credible resources to rely on for authenticity. Given the sensitive nature of information, unless a piece of information is published or provided by a credible source, it cannot be widely circulated as well.
Without questioning the accuracy of the information, I would rather dismiss it as something frivolous because it lacks ownership. And that can be dangerous.
I hope this is taken in the right spirit.
Regards,
Manohar.
From India, Bangalore
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I feel it's completely justified if an employee gets fired for fake experience, documents, or consistent poor performance. It has more to do with HR policies than the security or insecurity of the company.
Regards,
Varsha
From India, Mumbai
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Regards,
Varsha
From India, Mumbai
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As per a newspaper report Yahoo fired arround 200 employees recently in their Chennai and Bangalore operations.
From Singapore, Singapore
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From Singapore, Singapore
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Dear Manju,
The information you shared is really very useful. However, could you please provide insights on the job security of HR professionals in the industrial relations sector in the current scenario?
I have a couple of queries:
1. How should one handle a situation where a subordinate makes a mistake, and as their boss, I need to support them in front of management?
2. If an employee quits citing dissatisfaction with HR or company policies as a reason, how should HR react to such a situation?
I regularly read your topics. If you have more information, please forward it to my email: mudassarhr2003@gmail.com.
Thank you in advance.
Regards,
Ali
From India, Mumbai
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The information you shared is really very useful. However, could you please provide insights on the job security of HR professionals in the industrial relations sector in the current scenario?
I have a couple of queries:
1. How should one handle a situation where a subordinate makes a mistake, and as their boss, I need to support them in front of management?
2. If an employee quits citing dissatisfaction with HR or company policies as a reason, how should HR react to such a situation?
I regularly read your topics. If you have more information, please forward it to my email: mudassarhr2003@gmail.com.
Thank you in advance.
Regards,
Ali
From India, Mumbai
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Never go to a company that does not follow its own company rules. If the company rules state "Holidays on Saturdays and Sundays," simply do not go on those days unless there is an emergency (should occur a maximum of once a month).
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Hi Ali,
Let me thank you first for being a regular reader of my topics.
My Opinion In the First Scenario:
If a subordinate is making a mistake, there must be some deficiency on the part of his immediate boss. If a leader gives correct instructions and guides his followers properly, then there wouldn't be any mistakes. Sometimes we find rebels wherein despite providing foolproof policies and instructions, the followers fail to live up to the mark. In the first case, definitely, the leader should accept his deficiency and try to communicate the same to the management. In the latter case, the subordinate should be given counseling regarding his/her errors and should present the case to the management, assuring them that such things won't repeat and in case they do, the management should be free to take any necessary action against the subordinate.
My Opinion In The Second Scenario:
No situation is suitable for anyone; we should make ourselves suitable for the situation. So, if a person is giving lame excuses and leaving the organization, if the company has a system of taking Bonds/Contracts from the employees, then the person must be pursued. Also, if the person is hired by another company without a proper relieving order and this is discovered, the other company should be pursued as well. This is an extreme step to be taken in the case where a person has joined the organization, been trained, and then without contributing anything, decides to quit. Otherwise, simply do not provide experience or relieving orders to the employee in general cases if it is genuinely found out that the person is giving lame excuses. Think and make decisions in either of the cases as it concerns the future of that particular employee as well. Finally, we should not end up making a wrong decision that impacts someone's future.
These are my opinions on the two scenarios, Ali. I will be very happy if I have successfully provided a correct answer to your queries.
All the best.
With Regards,
Manju :)
From India, Hyderabad
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Let me thank you first for being a regular reader of my topics.
My Opinion In the First Scenario:
If a subordinate is making a mistake, there must be some deficiency on the part of his immediate boss. If a leader gives correct instructions and guides his followers properly, then there wouldn't be any mistakes. Sometimes we find rebels wherein despite providing foolproof policies and instructions, the followers fail to live up to the mark. In the first case, definitely, the leader should accept his deficiency and try to communicate the same to the management. In the latter case, the subordinate should be given counseling regarding his/her errors and should present the case to the management, assuring them that such things won't repeat and in case they do, the management should be free to take any necessary action against the subordinate.
My Opinion In The Second Scenario:
No situation is suitable for anyone; we should make ourselves suitable for the situation. So, if a person is giving lame excuses and leaving the organization, if the company has a system of taking Bonds/Contracts from the employees, then the person must be pursued. Also, if the person is hired by another company without a proper relieving order and this is discovered, the other company should be pursued as well. This is an extreme step to be taken in the case where a person has joined the organization, been trained, and then without contributing anything, decides to quit. Otherwise, simply do not provide experience or relieving orders to the employee in general cases if it is genuinely found out that the person is giving lame excuses. Think and make decisions in either of the cases as it concerns the future of that particular employee as well. Finally, we should not end up making a wrong decision that impacts someone's future.
These are my opinions on the two scenarios, Ali. I will be very happy if I have successfully provided a correct answer to your queries.
All the best.
With Regards,
Manju :)
From India, Hyderabad
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Hi Manju,
Thanks for the info. I would like to chip in with a few corrections here and there:
1) Yahoo recently fired 50 employees citing "Non-Performance" as the primary reason. This decision was taken after they conducted "RPR - Relative Peer Ranking" within Yahoo. They have also frozen all their hiring, and moreover, all the recruitment consultants deputed in Yahoo have been let go. With the current instability in the market (i.e., Yahoo's stock price), it's definitely not on the top employer's list at the moment.
2) Aricent: No projects in hand whatsoever. Attrition is at an all-time high. In fact, the notice period is 2 months over there, which can be negotiated to 2 weeks!! But by and large, the information about the other companies mentioned seems to be okay.
Thanks,
Prashant
From India, Bangalore
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Thanks for the info. I would like to chip in with a few corrections here and there:
1) Yahoo recently fired 50 employees citing "Non-Performance" as the primary reason. This decision was taken after they conducted "RPR - Relative Peer Ranking" within Yahoo. They have also frozen all their hiring, and moreover, all the recruitment consultants deputed in Yahoo have been let go. With the current instability in the market (i.e., Yahoo's stock price), it's definitely not on the top employer's list at the moment.
2) Aricent: No projects in hand whatsoever. Attrition is at an all-time high. In fact, the notice period is 2 months over there, which can be negotiated to 2 weeks!! But by and large, the information about the other companies mentioned seems to be okay.
Thanks,
Prashant
From India, Bangalore
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Hi Manju, Quite shocking information, but seems true. Can you give source of information, plz...
From India, Lucknow
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From India, Lucknow
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Hi Manju,
Thanks for the info. I would like to chip in with a few corrections here and there:
1) Yahoo recently fired 50 employees, citing "Non-Performance" as the primary reason. This decision was taken after they conducted "RPR - Relative Peer Ranking" within Yahoo. Also, they have frozen all their hiring, and moreover, all the recruitment consultants who were deputed in Yahoo have been let go. With the current instability in the market (i.e., Yahoo's stock price), it's definitely not on the top employers' list at the moment.
2) Aricent: No projects in hand whatsoever. Attrition is at an all-time high. In fact, the notice period is two months over there, which can be negotiated to two weeks!! But by and large, the information about other companies mentioned seems to hold good.
Thanks and keep posting such good info.
Regards,
Prashant
From India, Bangalore
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Thanks for the info. I would like to chip in with a few corrections here and there:
1) Yahoo recently fired 50 employees, citing "Non-Performance" as the primary reason. This decision was taken after they conducted "RPR - Relative Peer Ranking" within Yahoo. Also, they have frozen all their hiring, and moreover, all the recruitment consultants who were deputed in Yahoo have been let go. With the current instability in the market (i.e., Yahoo's stock price), it's definitely not on the top employers' list at the moment.
2) Aricent: No projects in hand whatsoever. Attrition is at an all-time high. In fact, the notice period is two months over there, which can be negotiated to two weeks!! But by and large, the information about other companies mentioned seems to hold good.
Thanks and keep posting such good info.
Regards,
Prashant
From India, Bangalore
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Hi Manju,
I checked the sources cited by you. Again, as some other people mentioned, these are personal blogs of a few individuals and not worth acting upon. When I run a search query of "Top most firing IT companies in India," the first 21 results are from blogs only - no news portal / no research firm source. And now CITEHR.COM is also coming in search results :o
What does it mean - One person wickedly posted something on his blog, and everyone else knowingly or unknowingly engaged in spreading it.
To whom it affects: If the news item is not supported by facts / not true (obviously this is the case), then companies shown in a bad light would be painted a dragon image in the minds of newly coming IT professionals. This will hurt those companies without their fault in all this.
What we all can do: Let the message be loud and clear on this discussion board that the reader relies at his own risk.
From India, Lucknow
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I checked the sources cited by you. Again, as some other people mentioned, these are personal blogs of a few individuals and not worth acting upon. When I run a search query of "Top most firing IT companies in India," the first 21 results are from blogs only - no news portal / no research firm source. And now CITEHR.COM is also coming in search results :o
What does it mean - One person wickedly posted something on his blog, and everyone else knowingly or unknowingly engaged in spreading it.
To whom it affects: If the news item is not supported by facts / not true (obviously this is the case), then companies shown in a bad light would be painted a dragon image in the minds of newly coming IT professionals. This will hurt those companies without their fault in all this.
What we all can do: Let the message be loud and clear on this discussion board that the reader relies at his own risk.
From India, Lucknow
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Hi All,
Yahoo!, listed under "Secure IT companies in India," recently fired 45 employees from their Bangalore office: http://in.rediff.com/money/2008/feb/14yahoo.htm. One hundred more employees are at risk of being laid off.
Regards,
Symbkar
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Yahoo!, listed under "Secure IT companies in India," recently fired 45 employees from their Bangalore office: http://in.rediff.com/money/2008/feb/14yahoo.htm. One hundred more employees are at risk of being laid off.
Regards,
Symbkar
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Good info...
But credibility, as had been discussed already, is too low.
I'd appreciate it if some links, not from blogs of course, are provided to verify the information.
Almost 500-600 people would have read this post, but nobody ever bothered to find out the bibliography behind this information.
Moreover, IBM is currently experiencing a high rate of layoffs. This is because 10 out of 14 anticipated projects, especially in SAP, have been scrapped.
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But credibility, as had been discussed already, is too low.
I'd appreciate it if some links, not from blogs of course, are provided to verify the information.
Almost 500-600 people would have read this post, but nobody ever bothered to find out the bibliography behind this information.
Moreover, IBM is currently experiencing a high rate of layoffs. This is because 10 out of 14 anticipated projects, especially in SAP, have been scrapped.
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hi Manju, I think you have done very less resarch on satyam.they had fired many people in bangalore also from 2005 to till date
From India, Bangalore
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From India, Bangalore
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Hi Manju, Just wanted to clarify about one company. What about DELL International Services Ltd. Is it a secure company for employees? Regards,
From India, Hyderabad
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From India, Hyderabad
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what about the DELOITTE ? IS THAT A SAFE COMPANY TO STAY AND WORK WELL OR THAT COMPANY IS ALSO GOING TO FIRE
From India, Hyderabad
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From India, Hyderabad
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I wanted to discuss some things. I don't want to get into IT companies since I am not an engineering graduate; I am a commerce graduate and also have an MBA. Are companies like Deloitte and Franklin Templeton safe to enter or build a career in?
---
From India, Hyderabad
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---
From India, Hyderabad
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Hey Buddy,
I am in Bangalore working as an HR for an MNC. As far as I know, Dell R&D is closed in Bangalore, and they have laid off all their employees (including the regional head). Dell Services should not have any issues because it's just the back-office wing of Dell, and it's doing reasonably well, as is the case with Dell Software. So please go ahead and enjoy your stint over there. :)
Regards,
Prashant
From India, Bangalore
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I am in Bangalore working as an HR for an MNC. As far as I know, Dell R&D is closed in Bangalore, and they have laid off all their employees (including the regional head). Dell Services should not have any issues because it's just the back-office wing of Dell, and it's doing reasonably well, as is the case with Dell Software. So please go ahead and enjoy your stint over there. :)
Regards,
Prashant
From India, Bangalore
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Hi,
These are such amazing facts about certain companies that at the moment one could not even accept the information. I don't know about the truth of this information, as I am still in a dilemma. Don't take it personally as doubting your facts, but it's amazing to see Wipro, TCS, and IBM on the list.
Thanks a lot for sharing such valuable information.
Regards
From India, Mumbai
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These are such amazing facts about certain companies that at the moment one could not even accept the information. I don't know about the truth of this information, as I am still in a dilemma. Don't take it personally as doubting your facts, but it's amazing to see Wipro, TCS, and IBM on the list.
Thanks a lot for sharing such valuable information.
Regards
From India, Mumbai
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Hi All, and thanx manju for the info. But can u plz tell me why did you tagged HCL as the retirement company
From India, New Delhi
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From India, New Delhi
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Manju,
Excellent listing. Very useful to job hunters. I heard a company in Chennai by the name of Barry-Wehmiller (BWIR) has good HR policies, and the attrition rate is very low. Has anyone heard about this company?
Prabhu A
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Excellent listing. Very useful to job hunters. I heard a company in Chennai by the name of Barry-Wehmiller (BWIR) has good HR policies, and the attrition rate is very low. Has anyone heard about this company?
Prabhu A
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Hi, Madam,
Can you please tell me how you were able to collect these stats? Did you actually do some work on this? Because I work for one of the companies in that list, but I haven't seen the company firing so many people that it should feature in this list.
Regards,
Anand
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Can you please tell me how you were able to collect these stats? Did you actually do some work on this? Because I work for one of the companies in that list, but I haven't seen the company firing so many people that it should feature in this list.
Regards,
Anand
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Hello Everyone, Even now there are still lot of companies taking to Firing strategies .... Could anyone list the " Most Firing companies as of Now ". Avisek. :icon1:
From India
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From India
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Deloitte layoffs some employees every year sothat the remaining employees will get afraid and work more.
From India, Hyderabad
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From India, Hyderabad
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Deloitte should be the last option. If you have other opportunity even at a small company, go for that. Don’t join deloitte. Deloitte is not the safe company.
From India, Hyderabad
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From India, Hyderabad
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One more important thing is Deloitte won't give even 2 months' notice period. It will inform employees only 10 days before that they are firing them. They won't even provide 2 months' salary or notice period for employees' survival. Only some departments give 2 months' salary, and that too if the managers are considerate.
When you are joining Deloitte, they will mention in the offer letter that a 2-month notice period is there. But frankly speaking, they don't always adhere to rules and regulations when it comes to practical situations.
If you ask them about the 2 months' notice period when they are firing you, they will directly threaten you with termination so that employees won't easily find jobs elsewhere. Many employees at Deloitte have suffered like this.
From India, Hyderabad
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When you are joining Deloitte, they will mention in the offer letter that a 2-month notice period is there. But frankly speaking, they don't always adhere to rules and regulations when it comes to practical situations.
If you ask them about the 2 months' notice period when they are firing you, they will directly threaten you with termination so that employees won't easily find jobs elsewhere. Many employees at Deloitte have suffered like this.
From India, Hyderabad
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Manju,
Thanks for the message. Good information, but it is partial. This is because TCS has 160,000 associates serving 800+ clients in 42 countries. When TCS gave pink slips to 500 non-performing employees out of 152,000, it made the news. On the other hand, when Patni fired 1,500 employees out of 12,500 in one quarter, there was no news.
Please let me know if you have any questions or need further clarification.
Thank you.
From India, Mumbai
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Thanks for the message. Good information, but it is partial. This is because TCS has 160,000 associates serving 800+ clients in 42 countries. When TCS gave pink slips to 500 non-performing employees out of 152,000, it made the news. On the other hand, when Patni fired 1,500 employees out of 12,500 in one quarter, there was no news.
Please let me know if you have any questions or need further clarification.
Thank you.
From India, Mumbai
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Dear Manju,
Can you put up the survey or any supporting documentation or evidence of the firing by the companies you mentioned? You only provided the names of the companies without highlighting any supporting information, data, or documentary evidence in your post. Looking at the other side of the coin, the firing of an employee could be based on performance factors/parameters or other pre-defined company policies.
The employees who received the pink slips must have been weak in performance or lacked competency, technical skills, or domain expertise. Mere publicity or reports from the media should not tarnish a company's reputation built over years of trust and research and development activities.
I sincerely advise members not to engage with such reports without any documentary evidence.
Simmy Saini, Lead Project Manager Asia Pacific Region Google
From India, Mumbai
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Can you put up the survey or any supporting documentation or evidence of the firing by the companies you mentioned? You only provided the names of the companies without highlighting any supporting information, data, or documentary evidence in your post. Looking at the other side of the coin, the firing of an employee could be based on performance factors/parameters or other pre-defined company policies.
The employees who received the pink slips must have been weak in performance or lacked competency, technical skills, or domain expertise. Mere publicity or reports from the media should not tarnish a company's reputation built over years of trust and research and development activities.
I sincerely advise members not to engage with such reports without any documentary evidence.
Simmy Saini, Lead Project Manager Asia Pacific Region Google
From India, Mumbai
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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
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From India, Kochi
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