While It sectors have become almost a zero job secure field, with lakhs of employees sacked out .It has literally become a threat. Founder Chairman of Infosys N R Narayana Murthy on Friday expressed sadness over the IT companies laying off their employees as part of their cost cutting strategy.
"...It is sad...," Mr Murthy told in an email reply to a PTI query about recent IT layoffs. Mr Murthy, however, did not elaborate on the issue.
Infosys had already announced that it could hand out pink slips to hundreds of mid and senior-level employees as it carries out bi-annual performance review amid a challenging business environment. Its peers the global IT giants Wipro and Cognizant are taking similar measures to control costs.The US-based Cognizant had rolled out a different style of voluntary separation programme for directors, associate VPs and senior VPs, offering them 6-9 months of salary.
Wipro, too, is learnt to have asked about 600 employees to leave as part of its annual "performance appraisal" .Companies are now working towards reducing their dependence on work visas and instead hiring more locals to ensure work flow for clients, even though it impacts their margins.
