India's IT services firm HCL Technologies has shown door to 450 employees at its Delhi and Bangalore offices. A majority of those axed were on the bench- the buffer of employees kept on the rolls for new projects, reports The Economic Times (ET).
An HCL Technologies official told ET that the company had sacked 400 people in Delhi and another 50 in Bangalore in the last one-two months. The firm had earlier asked those on the bench, to get assigned to projects or face the prospect of being asked to leave the firm, he said.
In an email reply, a company spokeswoman didn't comment on the number of people sacked by the company but indicated that the move was linked to the performance of employees. "HCL follows a systematic process of performance review and development, and the expectation of the organization is for employees to meet the stringent performance standards. This is a routine and ongoing process," she said.
As of December 31, 2008, HCL had about 52,957 employees. The global downturn has impacted the revenues of clients of Indian IT companies, thereby dampening demand for software services.
Thursday, February 26, 2009
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Cost cutting is inevitable in the present scenario. The menacing question is whether it extends to cutting jobs. CUtting costs on printing, switching off lights, etc. has been a normal practice in HCL for years and not only in this period.
ReplyDeleteI have not received any mail as performance boost reminder or anykind of threatening or even a warning mail. If any one has got such a mail, I would suggest that you inspect your activity in office (in other words, I guess you really are useless for the company). In such a scenario, getting a warnign mail is nothing but another chance offered by the company, which is a very generous offer in this current situation.