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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see most of the companies are ready to give pink slips in india. read this news on http://www.workexp.com
also it seems that the global credit crunch has really hit india hard!
Comment by ranjan — Wednesday, September 24, 2008 @ 4:36 pm |
Hope this is the end.
I always hate people like premji takes home crores and employees are given peanuts
Comment by JK — Saturday, October 11, 2008 @ 4:39 am |