The bad news has come from India's third largest IT outsourcer, Wipro Technologies too. The company has already laid off 1,000 employees, and another 2,000 employees have been put on scanner.
The company is reviewing the performance of 60,000 global IT services employees from the senior leadership team down to the person with one-year experience.
Terming it as a regular exercise, company's corporate vice-president (human resources) Pratik Kumar said, "As the appraisal cycle gets over, a multi-layer review happens. Following that, people who have fallen in the lower quadrants of performance are put on watch. Some are asked to pull up and others are asked to move on."
He added that, "We took a closer look at our hiring and realised that we did not need to hire more, since there were people on the bench." Many employees are being given counselling to improve their performance, others may be asked to leave.
At the end of the quarter ended June 2008, Wipro’s IT services employee base had fallen to 61,345 from 62,070 employees at the end of the previous quarter.
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1 comment:
all the IT companies laying off their employees is not because of the performance appraisal but because of the big financial firms meltdown. Does it take big firms 2 long years to consider an employee as fit or unfit. I dont agree with this view. When their balance sheets dont look good they want to save their skin.I feel that employees staying for a long time and banking especially on the performance appraisal would not be of primary concern anymore. Sooner or later the way IT people work in USA that kind of work would come to India
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