Thread regarding Cognizant layoffs

IT cost optimisation: Layoffs by a different name for companies

As buzz in the IT industry comes to a steady halt with the second quarter coming to an end, companies which are experiencing high attrition rate are now learnt to be on a cost optimisation spree to cut operational costs, including pay cuts for top-level executives and forcing senior-level employees to opt for voluntary separation programme (VSP).

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Nasty practices of Indian Tier 1 and Tier 2 companies.

to prevent fired senior employees from getting jobs in other Tier1 and Tier 2 companies have come to informal agreement and shared the database and are not hiring senior employees even if they have reskilled with latest tech - Bigdata, machine learning, IOT etc.

Stone walling tactics like gaps, why u resigned without job ? how did u learn new tech etc are being used.

When a senior government official enquired on behalf of his relative, the reason given was even more nasty - Since one nasscom member has labelled the person(falsely) as non performer(by manipulating data) if other company hire the company which fired him will be proven wrong, so the syndicatehas decided to use enmasse bluffing to boost profits.

In association with NASSCOM the great Indian Ter 1 and tier 2 IT outsourcing companies are implementing a plant to fool the government.

They fist decided to fire empployees above 40 years of age and in testing, release management support, project management roles etc who dont have any specific product back ground and replace them with freshers and newly promoted employees.

Next year they fire all the newly promoted people claiming high cost.

The middle manager like delivery managers delivery heads, VPs are firing ground level Team leader and project manager and showing cost savings and reaping huge bonuses.

Cognizant was first to wake up fired the upper middle managers through VRS scheme.

See these parasites get one year pay (average of 70 lakh each) and ground level employees with 40K take homme get a paltry 10k(2 month basic ) as compensation.

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Seniors at middle and upper middle (Delivery manager, Delivery heads, VPS) have being playing dirty game of sacrificing Team leader and project manager by firing them and showing cost saving and these seniors have made crores in bonuses over the last 10 years using unethical means.

Some techies were deliberately promoted to make them fit into criteria and fired.

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