Companies that FIRE the most in India

Tuesday, February 12, 2008

Companies that FIRE the most in India

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%).

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 Philippinescentre 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 oppose the move and has also filed against some.

Intel — Recently joined the league. Running in heavy losses, hence firing 3000 employees in the Banglore center in a phased out manner.

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.

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

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

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

Keane India — This USA based company is always involved in firing employees. Although they proudly say that they dont 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.

Source : WorkExp.com

Great list, I didn't know our IT field is this much risky (may be riskier than share market :)



See also...

TCS Fired 500 Employees

IBM Fired 700 Freshers in India


ATOzTOA : Latest Headlines


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