TCS planning more layoffs, Wipro sacks 1000, Satyam to axe 4,500 ... It seems the days of pink slips have come to haunt Indian IT pros. Though all companies have termed these terminations performance-based, it is anyone's guess that global slowdown has started hurting Indian IT cos.
Late last year, the global IT giant IBM had reportedly laid off 700 entry-level trainee programmers (ELTPs) across its offices in India. Zensar too had reportedly given pink slips to 2 per cent of it staff, again the company claimed that it was on performance basis.
The increments and salaries too have been a causality at most IT firms.
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