Citigroup set to cut 75,000 jobs
US bank Citigroup has announced plans for about 53,000 new job cuts, on top of a previously announced 22,000.
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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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Big Firms are now firing with ‘creative’ reasons !!
It is now becoming not so rare to read shocking stories as the one extract furnished below. Guess company HRs are getting more and more creative when laying off the employees with odd reasons to boot. Absolutely no gratitude when comes to firing. Getting virtually kicked out of your office you worked for so many years in a span of two hours is getting more and more common.Having given your sweat for your once-beloved company, Is this what one deserves?
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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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American Express India cuts Jobs!
Credit card company American Express has asked some of its senior managerial employees to quit as part of its strategy to save costs.
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Joining Kohler? Beware!!!
If you are about to join Kohler India or even thinking about it, think harder and then do yourself a great favour, don’t join Kohler. The company has got a good future and it would be good to work there, only if the HR department was a little less vindictive.
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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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Yahoo to fire 1,500, 10% employees
Yahoo Inc will fire at least 1,500 workers to cope with a crumbling economy that dented its third-quarter profit and turned up the
heat on the slumping Internet company’s management as investors stew over a missed opportunity to sell to Microsoft Corp for $47.5 billion.
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Asked to leave HCL for doing bad in Test!
hi,
i am an employee of hcl.i am undergoing training in chennai. Based on our test we were short listed and in that i have not performed well in of the test. I have been asked to go out , by the training dept in chennai. OK sir i accept the terms and conditions of our company but it should be a common rule for every one. I am not going to complain that i am not treated equal .
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