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Friday, February 15, 2008

Top most Firing IT companies in India

Got a mail from one of my Good friend on this topic and this is how it went.

Disclaimer : I cannot personally acknowledge that the information given in this article is 100% accurate. But most of it is true and has been acknowledged by the Indian Press too.

  • IBM - Right now this is the most firing company for IT professionals. In the last 6 months, this company has fired nearly 20% of their employees because of Background checks and performance issues. This is the most insecure company from an IT professional's point of view. They don't have any strategic plans at HR policies regarding employee security. No appraisals (maximum 10%).
  • TCS - Previously it was functioning as a government IT Company . Now a days TCS has also become a firing major IT company. Recently it fired on 500 people - mostly people below 2 years of experience and TCS has also lost so many projects recently( especially British Telecom Projects).
  • Accenture - This is second top most firing company. The firing rate is around 5%. This depends upon outsourced projects; they have a unique system where Accenture development centers around the world bid for a project coming into the company. Currently Philippines centre is taking the cake and the Indian centers are in a firing mode.
  • WIPRO - Firing people with very frequent back ground checks and firing them with out even experience letters and relieving letters (will mention as terminated from services)but will promise the employees that they will retain them. After the project is over they will fire away. Will threaten of criminal cases against such employees if they opposethe move and has also filed cases against some.
  • Intel - Recently joined the league. Running in heavy losses, hence firing 3000 employees in the Banglore center in a phased out manner. Remember Intel made it into the headlines with the failed processor design from the Bangalore Labs and also fired a few employees for producing fake car rental bills.
  • CTS - Has a steady firing policy (checking the Educational background and previous employment and also employee performance in work). In a Recent HCL walk-in, around 50% attendees were from this company. Sadly the I-pods have not helped them.
  • CSC - Excellent package but fires folks in Background check and those on bench regularly. Recently fired 400+ employees from its subsidiary Covansys.
  • Satyam - Currently stopped firing. The Attrition rate is very high. No firing from 2005 until then 1000 employees were fired in Hyderabad.
  • Patni - They fired so many employees that currently they are facing understaffing and deficiency with number of employees. Very high attrition rate.
  • Keane India - This USA based company is always involved in firing employees. Although they proudly say that they dont have hire and fire policy. Recently they fired java and AS400 professionals after which most of the employees have started to pack their bags. Employees change this company within 1 year.
So take care before accepting offers from these companies.

Secure IT companies in India
  • Microsoft - Has projects till 2050.
  • EDS - Most secure company in India. Not laid off any of its employees even during 2001. Has lots of projects in Defense and financial areas
  • HP - Dream Company. In-house and outsourced projects
  • Infosys - Dream Job. On a way to achieve the status of a secured, stable Govt. company.
  • AOL, Google and Yahoo - Best companies to work with, great job satisfaction as well as great salary and work environment. Rarely fires an employee. As they are internet based companies' they offer lots of opportunities to grow.
  • HCL - A good company to be in. Called as a "retirement company."
  • HSBC - This is the most secure company. It has never fired any employee, even when they know that the employee is showing fake experience.
  • Aricent - a communication based software company, has never fired any employee and gives great perks & incentives, lot of projects in kitty. Minimal level of attrition.
  • KPIT Cumminns Infosystems Limited - This is the most secure company not known to many. It has presently acquired CG Smith, Bangalore and has lots of projects in pipe line. Acquisitions plans will continue.

8 comments:

  1. Ronald said,

    this is the problem with most american companies, you're hired and fired. other companies who follow their footsteps also do the same. India used to be 100% self-sufficient, until the outsourcing thing came into effect. what do u think Jason?

    on 2/17/2008 4:58 PM


  2. Bogdan said,

    What about GENPACT?

    on 2/17/2008 7:44 PM


  3. JASON S said,

    Yes I do partially agree with your point of view Ronald. But look at it this way, if the American companies didn't come to India we would have lost a lot on FDI fundings and the economic progress wouldn't have been this much.

    Don't you think so?

    on 2/18/2008 10:52 AM


  4. JASON S said,

    @ Bogdan : GENPACT I have no idea off buddy...

    on 2/18/2008 11:41 AM


  5. Anonymous said,

    Few of the information is wrong in part of most secured IT companies in India. Many of the companies have fired people recently.

    on 2/18/2008 5:09 PM


  6. Nishith said,

    I do agree as well as do not agree! The problem with majority of large corporation is that they recruit in bulk considering future needs. But it is always not true that they are successful in getting project! As a result employees are placed on bench which deteriorates their technical capabilities.

    Looking from a different angle, some people manage to clear the interviews but are not good performers, which results in lower appraisal or job loss!!!

    These two scenarios are like two sides of a coin..

    Another issue is outsourcing and considering the increasing recession in US, there will be a mild effect but not too much... Now history is turning page and world wont get cold if US sneezes!!! (reference: Knowledge@Wharton article)

    Thanks,
    Nishith Shah
    http://nishith82.spaces.live.com

    on 2/21/2008 4:03 PM


  7. fozylet said,

    The list has multiple problems.

    Yahoo - Does anyone need reminding of the way Yahoo fired in their Bangalore office last year?

    Infosys - Subscribes to the highly unethical way of firing by making the performance requirements more stringent to downsize themselves. This in turn becomes a stick in the hand of the management to make the staff "behave". Ask their new recruits to see what is the method Infy adopted instead of sending regret letters (which even resulted in a suicide). Dream job, indeed!

    As you stated, there are others who get into unethical down-sizing tactics. IBM, Accenture, Wipro - all are hiding behind performance and background check to mask reality.

    on 11/12/2009 4:00 PM


  8. use said,

    Hey , i got offer from Inactech(Calsoft) company as B'glr position. Is it ok and ts good companyas emloyee wise. is any lay off hpnd in this company as in past period.

    Thanks

    on 8/27/2010 1:28 PM