Cognizant Layoffs: Telangana Government Responds To The Agony Of Employees
Hyderabad: The Telangana Labour Department standing by the side of IT employees called a meeting with officials of Cognizant and representatives of employees who were sacked from the US-based IT firm.
The IT companies acting according to the protectionist policies of Trump are laying off employees. However, the Forum for IT Employees (FITE) alleged that Cognizant is illegally terminating thousands of employees and filed a petition on ‘layoffs.’
The Joint Commissioner of Labour R Chandra Sekharam speaking to a news agency confirmed that there would be a meeting on Friday with company officials and petitioners.
Stating that it’s a routine affair, he said that we try to sort the problems when we receive a petition.
Like Infosys and Wipro, Cognizant too rolled out a voluntary separation programme for directors, associate VPs and Senior VPs, with 6-9 months salary offer. Meanwhile, FITE alleged that IT companies are replacing the highly paid experienced employees with less experienced and low pay recruits.
It also pointed out that the companies are quoting different reasons like poor performance or streamlining as per customer demands for these layoffs. A Cognizant spokesperson said performance reviews are done to ensure that the company has the right employee skill sets necessary to meet client needs and achieve business goals.
Apart from Cognizant, Wipro and Infosys are on the way to hand out pink slips to thousands of employees as part of their performance reviews.
Due to the protectionist policies in America, the companies are reducing their reliance on work visas and are hiring more locals in the American markets to ensure continuity of work, though it impacts their profit margins.