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Sun, Jul 22, 2018 | Last Updated 11:59 pm IST

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In Hyderabad alone, more than 5,000 techies have been retrenched in 2017

In Hyderabad alone, more than 5,000 techies have been retrenched in 2017
In Hyderabad alone, more than 5,000 techies have been retrenched in 2017
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Hyderabad sources have stated that while the Telangana government is boasting of bringing investments into software industry, the year 2017 has witnessed large scale layoffs leaving thousands of professionals jobless. Meanwhile the software giants like Cognizant, Tech Mahindra, Infosys, Wipro and the last to give nightmare to techies was Verizon.



Further it may be recalled that Wipro had sent as many as 600 employees home. Cognizant retrenched about 6,000 of its employees while Infosys sacked about 9,000 odd employees. This December, Verizon fired more than 900 of its workforce. Bank of America too sacked more than 100 employees in the city.

In Hyderabad alone, more than 5,000 techies have been retrenched in 2017

According to sources more than 2,000 employees who had been retrenched, had reached out to the labor department of Telangana and filed petitions in labor courts in the city. Moreover the labor court in the city passed a judgment in favor of employees asking the Cognizant to resolve the case in an amicable manner and the Court gave the company deadline of January 3.


In Hyderabad alone, more than 5,000 techies have been retrenched in 2017
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