News: Sun Microsystems to cut 6,000 jobs
Sun Microsystems Inc plans to cut as many as 6,000 jobs as the company tries to cope with plunging sales of server computers to financ
ial firms, market-share losses to bigger competitors, and a spiraling stock price.
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Job cuts: Techie sues Lehman Bros
Ref- timesofindia.com - 13/11/08
NEW DELHI: A software developer has reportedly sued his former employer Lehman Brothers Holdings Inc over job cuts.
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Global Logic shows the door to 125 employees
In another hit to the IT sector, GlobalLogic, one of the largest outsourced product development companies in India, has laid off
about 125 employees. While 108 employees were asked to leave ‘due to poor grading in the appraisals’ concluded in October, another 17 were told to leave because their ‘skill sets fell obsolete’.
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Fidelity National Investments Services sacks 10% of its workforce!
Fidelity National Information Services
(FIS) has given pink slips to over 100 employees at its Chennai operations. This constitutes more
than 10% of its staff in the metro. Though the company, which has been in India
for over a decade, termed the move as ‘rationalisation’, employees are on the edge.
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Firing in SATYAM
Satyam Computer Services chennai center is frequently firing the people on weekly basis for past one month . last week thursday (6/11/2008) fired around 50 people. Many other associates have received calls from HR Hyderabad branch.
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Reliance Infosolutions fires 700+ employees
Despite with the meeting with the Prime Minister Reliance Industries is firing there employees from Reliance Infosolution Pvt.Ltd (Reliance Group company). After Promising that none of there employees will loose their jobs in july-august… In the mid October they gave the termination letter as a festival gifts to near about 700+ employees.
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IBS Trivandrum Layoffs confirmed
Flexing its muscles against the staff retrenchment in IT firms in the wake of economic recession, Kerala Government has ordered a probe into the dismissal of 20 professionals from Technopark-based IBS Software Services (P) Ltd.
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DSP Merrill Lynch fires!
The impact of the global turmoil has hit the Indian shores. DSP Merrill Lynch has started cutting staff in businesses affected by the crisis. Though only about 20 have been affected so far, the feeling is that there could be a couple of rounds of job cuts in India this year as Merrill Lynch gets ready for a global merger with Bank of America.
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Wipro Fresher Policies
Note: Unconfirmed news
If someone joins Wipro, they keep 1 yr in the probation. During the probation period, employee can’t take any leave. If any leave taken then it will be deducted from 2nd year leave. They don’t mention such thing in offer letter. So, 1st year employees work for 13 months comparison to 12 months of other company. Even working hour is around 10 hrs which is against labour law.
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Jet Airways’ top 200 employees face 30% pay cut
India’s largest private airline, Jet Airways, is planning to slash salaries of its top 200 officials by 25-30% in order to battle rising costs. Also, it has not yet decided whether to pay Diwali bonus for this year.
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