TCS Will Not Follow Wipro, Cognizant In India

While seven IT majors hinted at laying off jobs in a big way, the TCS has announced that it is not going to sack any employee. It is likely to recruit some more.

Hyderabad; Leading IT Companies in India like Infosys, Wipro, Cognizant came up with statements that there will be huge layoffs in coming days which created panic in IT employees in India.

Seven IT majors are getting ready to layoff employees. In Hyderabad alone, ten thousand employees are going to be sacked according to one estimate. The managements have been sending pink slips in a big way. Eight employees of Cognizant have approached the labour department of Telangana government.

 

 

 

 

 

 

 

But here is a good news for them from TCS. The CEO of TCS and MD Rajesh Gopinathan assured that there will be no sacking of employees in TCS and, in fact, they will hire some employees.

The news was confirmed by TCS spokesperson who said the company has plans to expand its operations and wishes to take active part in making Digital India which is a welcome sign for IT employees who are fearing recession.

 

Leave a Reply

Your email address will not be published.

Big Jolt For Cognizant Employees

The employees of the Cognizant company have been in a perpetual state of shock with the management tightening the screws. Here is the latest jolt.

Texas: Its another big jolt for Cognizant employees, as per sources. The company has decided to stop applying green cards under EB2 and EB 3 for its employees.

This decision certainly dashed the hopes of the employees who are planning to get Permanent Residence in the US.
These EB 2 and EB3 routes will be stopped until further notice by the company. Any H1 B visa holder, for permanent residency, should go through the process of Green card filed by the company.

Employment Based (EB) permanent residency through routes of EB 1, EB2, EB 3 will be provided by the company for its employees who are on H1B.

“As a part of our long term objectives, we have decided to stop EB 2 and EB 3 until further notice,” said Cognizant authorities.

Leave a Reply

Your email address will not be published.

Cognizant Layoffs: Telangana Government Responds To The Agony Of Employees

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.

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.

Leave a Reply

Your email address will not be published.