Lay Offs in India

[Sri Anand]

Is it true that Top Indian IT firms are doing lot of Layoff's though they dont release the news. I have been hearing like the Lay off's are in thousands every week

[Himanshu Gupta]

I am much suspicious aboout the number but YES lay off is started in INDIA.

[Chetan Parekh]

Some of the medium to large size companies have fired non-performer and on-contract people who are on bench.

[Abhijit Kumar]

Some links which I regularly keep checking...

http://layofftracker.blogspot.com/

http://www.laidoff.in/wordpress/

http://jobeehive.com/company/layoffs

Not recommended at the start of the work day, except you enjoy 'schadenfreude'.

AK

[arulk pillai]

Some of the medium to large size companies have fired non-performer and on-contract people who are on bench.

While this is true, at times performers also can get sacked for other reasons like being too expensive, the project is no longer funded, bad luck, etc.

[Sri Anand]

Employees are fired for every silly reason

- Not in time
- Not dressed as per company policies
- did not fill in appraisal forms
- did not comit code to version control through functionality complete
- 2 minor bugs in UAT

I have been hearing this from my old collegues, As soon as the project is over people are fired without delay, there is no waiting period for next project, the numbers are 100's each week.some companies are offering half paid vacation to top executives

[Sagar Kale]

Yes lay offs are started in India. I know few people who are laid off for no strong reason.

[Chetan Parekh]

My previous company has sacked 50+ people in last two days - total

[Anand Prabhu]

Originally posted by Chetan Parekh:
My previous company has sacked 50+ people in last two days - total

You act surprised or shocked. After the dot com burst(after 2000) and before the offshoring wave, this was the norm in India. I have seen so many layoffs in US for the past 15 years that I see 50+ as a small number(compared to the hiring of 25,000 announced by Infosys this week).

[Sri Anand]

compared to the hiring of 25,000 announced

really was there a press release regarding this recruitment, i thought even this company was doing lay offs

[Anand Prabhu]

Originally posted by Sri Anand:


really was there a press release regarding this recruitment, i thought even this company was doing lay offs

I don't know whether the company is doing a PR stunt but this news was in the media just a few days ago.
Link

[Sagar Kale]

Originally posted by Anand Prabhu:


I don't know whether the company is doing a PR stunt but this news was in the media just a few days ago.
Link

What I heard on one of the news channel is new recruitment is stopped in Infosys.

[Chetan Parekh]

Originally posted by Anand Prabhu:
You act surprised or shocked.

I am shocked. The total strength of the company is 300.

[Sri Anand]

are there any possibilites of finding another job pretty soon for people laid off ?