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.
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.
