IT services company HCL Technologies has asked 450 employees at its Delhi and Bangalore offices to leave. This is after the global downturn has impacted the revenues of clients of Indian IT companies, thereby dampening demand for software services.
According to online reports going around 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, the buffer of employees kept on the rolls for new projects, to get assigned to projects or face the prospect of being asked to leave the firm, he said.
The company made usual performance statement officially - “HCL follows a systematic process of performance review and development, and the expectation of the organisation is for employees to meet the stringent performance standards. This is a routine and ongoing process,”
It may be noted that HCL has about 52,957 employees. Layoffs at other cities where HCL has offices like Chennai be may on cards next?
No comments:
Post a Comment