Re: [MTC Global] Layoffs and shrinking job market: Is this the end of India’s engineering dream?

what is a 'professional company'  would be an interesting read .

gautam rajkhowa

 

-----Original Message-----
From: Ganesh Natarajan <ganeshaa7673@gmail.com>
To: join_mtc <join_mtc@googlegroups.com>
Sent: Wed, 24 May 2017 11:38
Subject: [MTC Global] Layoffs and shrinking job market: Is this the end of India's engineering dream?

With due respect and regrets for those who get separated every professional company fires the bottom performers. In an industry employing 32 lakh people in India we must expect 50 000 people to get the pink slip this summer !

Ganesh Natarajan

www.ganeshnatarajan.com

On May 24, 2017 3:57 PM, "Dattaprasanna Marathe" <dmmarathe@gmail.com> wrote:

It's a sad story but it was expected to happen. All these companies hire assuming projects from abroad will fetch them revenues .They charge their clients 10 persons for 2 days for 8 hrs, that is 160 hrs,  for work that can be actually done in 30 hrs.  Till the time project happens these software professionals are on bench. That is a signal for upgradation.  Those who do, will survive. Rest will have to go. Life is like that.

On May 24, 2017 3:07 PM, "Ranjan Upadhyaya" <ranjanupadhyaya60@gmail.com> wrote:

Dear All,

Greeting!

Those who are occupying the seat in higher hierarchy and retired from one job and availing the second job will not be getting affected. The staff whose whole sole life depend on this job and whose whole family relay on this, need to be looked and addressed from the human behavior. The agony of the companies or institute should be victimized by the inhuman process. In civilized society it is not acceptable and it is pathetic and below the standards.

Dr R Upadhyaya, Mumbai, India

 and 

On Wed, May 24, 2017 at 12:40 PM, R K Mahapatra <drmp12@gmail.com> wrote:

The way of behaviour is not good as per educational input given in Organisational Behaviour subject.

It is required to deal in professional way with discussion and solution with welfare ways of dealing.

Amerteya Sen got Nobel prize on the study of welfare economics and we are learning  OB now the question is Indian people working in the companies are educated or not?

These software companies are having educated professional or not?

Why there is such rough behaviour in practice ? It is a concern of educated mass against the company to deal properly.

 Is it right or not please state your views whoever it may be.

Thanks.

On Wed, May 24, 2017 at 10:30 AM, Prof. Bholanath Dutta <bnath.dutta@gmail.com> wrote:

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A month ago, Himanshu Sharma was asked by his company, Cognizant, to resign. His services were not required any longer, he was told. It came as a surprise to Sharma, who was hired less than a year ago. "I hadn't expected to lose my job as I was still a fresh hire for them. I was given two options by the company: to either resign and serve the usual notice period or leave within a week and take home a severance package," he says. Within a few days, after he refused, things turned worse. Sharma claims he was threatened by an HR executive, who asked his colleague to "snatch my identity card and kick me out".

Sharma is one of the several thousands of Indians who go to engineering colleges to realise their dream of a good life. The 29-year-old software engineer and a father of one has more than six years of experience. After graduating from a college affiliated to Uttar Pradesh Technical University, he climbed up the ladder from a little-known Information Technology (IT) service firm in Delhi to IBM and then to a well-paying job at Cognizant, an American multinational corporation in Bengaluru. The company provides digital, technology, consulting, and operations services.

'It's mayhem in India's IT sector', screams a newspaper's headline as major IT companies reportedly are on the look out to slash hundreds of jobs. Mint reported last week that the top seven IT firms in India including Infosys, Wipro and Cognizant will lay off at least 56,000 employees this year. The numbers were collated after extensive interviews with 22 former and current employees of the seven companies. Many employees have already been axed or have been asked to resign — Tech Mahindra and Wipro reportedly firing 1,000 and 600 employees respectively.

[Source: Hindustan Times]

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