MLM Directory

Hire and Fire in IT companies nowadays! can we do something about it?

Top most Hire and Fire IT companies 1) IBM — Right now this is the most firing company for IT professionals. In the last 6 months, this company has fired nearly 20% of their employees because of BG check and performance issues. This is the most insecure company from an IT professional's point of view. They don't have any strategic plans at HR policies regarding employee security. No appraisals (maximum 10%). 2) Accenture — This is second top most firing company. The firing rate is around 5%. This depends upon outsourced projects; they have a unique system where Accenture development centers around the world bid for a project coming into the company. Currently Philippines centre is taking the cake and the Indian centers are in a firing mode. 3) WIPRO — Firing people with very frequent back ground checks and firing them with out even experience letters and relieving letters (will mention as terminated from services)but will promise the employees that they will retain them. After the project is over they will fire away. Will threaten of criminal cases against such employees if they oppose the move and has also filed against some. 4) Intel — Recently joined the league. Running in heavy losses, hence firing 3000 employees in the Banglore center in a phased out manner. 5) CTS — Has a steady firing policy (checking the Educational background and previous employment and also employee performance in work). In a Recent HCL walk-in, around 50% attendees were from this company. Sadly the I-pods have not helped them. 6) CSC — Excellent package but fires folks in Background check and those on bench regularly. Recently fired 400+ employees from its subsidiary Covansys. 7) Satyam — Currently stopped firing. The Attrition rate is very high. No firing from 2005 until now when 1000 employees were fired in Hyderabad. 8. Patni — They fired so many employees that currently they are facing understaffing and deficiency with number of employees. Very high attrition rate. 9) Keane India —- This USA based company is always involved in firing employees. Although they proudly say that they dont have hire and fire policy. Recently they fired java and as400 professionals after which most of the employees have started to pack their bags. Employees change this company within 1 year. after some research i found financial status of an organization cause all this or failure to attract the customer , management or marketing failure(how to run an organization profitably) ! some organization have poor coordination among their departments so result is organization does not get enough fluid in the market! result is they cant afford the existing staff and fire them ! so its not our fault its the fault of management and marketing system of an organization! i heard it all the time that some corporation only exploits their employees and they dont help them grow in their career or simply they have no motivating environment support!their only motto is making money, what about a military! i mean do IT companies have projects in military like network security, guidance system of weapon or reconnaissance system, satellite communication ETC! how to make your way in military! do someone have experience how these two sector are different and work! do military fires employees in financial crisis?

Public Comments

1. IT global job market is huge..every year millions of fresh IT personals on the job seeking q and ready to work below the average..and these mentioned companies are well established..companies well established that already making tones of money don't bother about who comes who goes..they just fix some un achievable targets to fire high paid personals and recruit new ones paying very low..this will be continued unless the relevant governments review the employment rules and regulations..
2. Well, I say, it is fault of the system. Every employee needs 50% - 100% increment from his current salary every year, even if there is increase in performance or not. If company continues with existing staff, the cost to company will increase, but value of money is decreasing daily. So Hire and Fire works in this case.