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    CITU condemns mass retrenchment of IT employees

    Synopsis

    "All these IT multinational companies have been earning huge profits and there is no reason to retrench employees. The firing operations are being taken up on the pretexts of ‘growth plans', ‘restructuring', ‘role rationalisation' etc, which are nothing but measures to maximise their profits at the cost of employees," CITU said in a statement.

    Agencies
    Cognizant has said it will layoff as many as 7,000 people across its operations, including India. It is also exiting its content operations business that will impact another 6,000 roles. There are also reports that Infosys and Capgemini are also firing staff.
    NEW DELHI: Central trade union CITU on Wednesday expressed concerns over the "mass retrenchment" of employees in large players IT players in the country.

    Cognizant has said it will layoff as many as 7,000 people across its operations, including India. It is also exiting its content operations business that will impact another 6,000 roles.

    There are also reports that Infosys and Capgemini are also firing staff.

    "All these IT multinational companies have been earning huge profits and there is no reason to retrench employees. The firing operations are being taken up on the pretexts of ‘growth plans', ‘restructuring', ‘role rationalisation' etc, which are nothing but measures to maximise their profits at the cost of employees," CITU said in a statement.

    4 Comments on this Story

    guru bala348 days ago
    digital revolution lands many into unemployment. tech coys playing fraud on employees.
    Sanujit Roy352 days ago
    IT industry have 40% workforce without skills and mostly working on excel and on another side freshers hired even cannot speak English
    Kalpurush 355 days ago
    Why CITU is showing Crocodile Tear? Once they opposed Computer Implementation in Indian Industry and that so badly impacted West Bengal that all Heavy Manufacturing industry is closed down there. They dont have any vision & mission except shouting slogans.
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