Sunday, September 21, 2008

Tech Mahindra is going to fail?

Forwarded by Venkat!
Due to its hiring policies that are always hire & fire type and also due to their tire with some of the engineering colleges for placements. tech mahindra(MBT) has lost its status for the IT labour.
recently at an Engineering college in patiala; tech mahindra organised a placement drive for engineering students & other technical students.
but at the registration time it refused to register the visiting students for technical profile & registered them for the BPO interview.
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while the students of that college were registered for technical interviews.!
apart from that it fired one of the senior technical consultant because of his learning attitude & he applied for higher studies..
there are a number of issues related to Tech Mahindra.. so i think in present scenario og IT downfall, atleast TECH mahindra is going to fail

Saturday, September 20, 2008

Infospectrum fires 20% of workforce

Forwarded by Venkat
SAP Business One partner Infospectrum has fired upto 20% of its workforce. The company is in kottivakam ecr. Almost all of its Chennai office has been fired by giving a days notice. I worked very hard and yet they have decided to fire me. If it goes like this i think only the company vp Kailasam will remain in his company.
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They want to remove delivery guys instead of people who don’t bring in projects.

It is all because of Mr Balachandrasekhar the Sales Head of chennai operations who has not brought in any sales since he joined a year back and does not even know the abc of SAP! somehow he continues to be in the job by sweet talking.

how will we find jobs if they fire us without giving any notice? Stay away from these companies….
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Satyam fires 6000 employees

Hyderabad, Sep 13: After Wipro showing the door to 1,000 employees and news about TCS planning another round of layoffs, it seems it’s pink slips time at Satyam Computers.

Hyderabad-based company has reportedly given pink slips to some 6000 engineers and associates at its Hyderabad, Pune and Visakhapatnam centres. According to earlier reports, the company has sacked 1950 experienced employees from the Hyderabad centre who were on bench. The report says that most of those sacked are in the ‘S’ band, indicating that they had at least two to five years of experience. Terming it as a routine exercise, company’s global head, HR, SV Krishnan said, “Giving pink slips to those in the ‘S’ band was not out of the ordinary and we do this as a matter of employee evaluation and development.” The company has reportedly also sent out a mail cautioning employees against not turning up at office and preferring to remain on the bench. Also, the company’s management has asked some employees to either voluntarily switch to a contractual agreement (moving from pay rolls) or leave.

Thursday, September 18, 2008

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HP set to cut workforce by 24,600

Forwarded by Venkat!
Hewlett-Packard (HP), the world’s largest computer company, says it plans to cut 24,600 jobs, almost 8% of its workforce, to streamline its business.

The cuts will take place over the next three years as it combines operations with Electronic Data Systems, the technology company it recently bought.

EDS employees are expected to bear the brunt of the cuts

HP hopes the acquisition will allow it to take on rival IBM and win more lucrative, long-term contracts.

Half of the jobs cuts will be in the US, with finance, human resources and legal departments expected to be affected.

The company said that it eventually planned to add about half the positions back as different jobs in different departments within the company.

HP’s $13.9bn takeover of EDS is the firm’s biggest acquisition since 2002 when it bought Compaq for $19bn.