Digit Technology Discussion Forum - View Single Post - Firms to cut 25 percent jobs in next 10 days

Bandu · 31-10-2008, 10:50 PM

Its not limited just to IT.

An Insurance firm in Nashik laid off 10 people citing economic downturn and the company not doing well as the reason. I'll refrain from writing the company name, but its one of those bigger players in the industry.

Talked to someone in Pune today. They say that bench warmers in IT comps who have been running around avoiding projects for some reason or the other and have been on the bench for 3+ months will be given the pink slip soon.

My friends comp (in Mumbai) slashed employee salaries by 25 to 30%. Do not plan conduct campus recruitments this year either.

31-10-2008, 10:50 PM	#12 (permalink)
Bandu Broken In Join Date: Aug 2008 Location: Mumbai, India Posts: 169	Re: Firms to cut 25 percent jobs in next 10 days Its not limited just to IT. An Insurance firm in Nashik laid off 10 people citing economic downturn and the company not doing well as the reason. I'll refrain from writing the company name, but its one of those bigger players in the industry. Talked to someone in Pune today. They say that bench warmers in IT comps who have been running around avoiding projects for some reason or the other and have been on the bench for 3+ months will be given the pink slip soon. My friends comp (in Mumbai) slashed employee salaries by 25 to 30%. Do not plan conduct campus recruitments this year either.