Posts tagged layoff
Microsoft lays off 1% of India employee
May 11th
Microsoft has laid off 1 per cent of its India workforce on May 5. This move is part of the global software maker’s second wave of layoffs. Microsoft India has sent notices to its employees in Bangalore and Hyderabad that it would be eliminating their jobs.
It is not clear which groups of the Indian operations [...]
TCS going to layoff 1300
Mar 9th
Tata Consultancy Services (TCS) has decided to layoff around 1,300 employees or 1 per cent of its global workforce this year. About 100 employees have already been fired in Chennai alone in the last two weeks.
This comes in the wake of recent announcements by the company’s MD S Ramadorai 10 days back that variable pay [...]
Wipro delaying joining of 8000 freshers
Feb 25th
Wipro is going to take all the 8000 fresher to whom the offer is made but the joining is likely to be delayed and it can go to next year, a senior official of the company said.
“They are going to come out in June or July… They will come as and when we actually need [...]
Citibank plans to layoff 53000 employee
Nov 18th
Citigroup Inc., the US bank with the most employees, plans to layoff 53,000 employees and cut expenses by 20%. This is the biggest cut so far by a financial institution since the economic crisis began and the biggest layoffs in the US since the automobile industry laid off almost 80,000 workers in 1980.
CEO Vikram Pandit [...]
Jet Airways layoff 800 employees Kingfisher may follow
Oct 15th
Economy crisis follows largest layoffs in Indian aviation sector, Jet Airways given pink slips to more than 800 cabin crew and customer care executives. Jet Airways and Kingfisher Airlines had announced a cost-cutting collaboration on Monday October 13. Meanwhile, sources say that Kingfisher airlines is also likely to lay off employees.
The downturn in the world [...]
Layoff in IT industry, Who is next?
Sep 16th
TCS, the big IT company started it on Feb 2008 with the layoff of thousands of employee, then Wipro and Satyam. Report says wipro layoff 2500 employees and Satyam 4500 employees. All of them has given the same reason “unable to meet the performance requirements of the company”. It seems the days of pink slips [...]
HP cutting 24,600 jobs
Sep 15th
Hewlett-Packard Co. said on Monday that it plans to slash 8% that is 24,600 jobs over the next three years, seeking to realize savings from its recent acquisition of Electronic Data Systems Corp (EDS). Nearly half of the job reductions will take place in the United States, the Palo Alto, California-based company said. EDS was [...]
