HP has announced that it would be eliminating 24,600 of its employees. HP, in one of its Security Analyst Meetings stated that is a part of its global restructuring plans.

Many companies in the software, ITES or the EDS industry have been in a ramp down spree recently owing to inadequate projects, global slowdown and high competition. Companies have been showing the pink slip to employees in the name of performance issues. The economic slowdown has affected large companies.

HP’s plan to eliminate 24,600 employees is a huge and sensitive move for the organization. Mark, in one of his updates stated, “By far the hardest part of this effort is restructuring our global workforce and today we are announcing the elimination of 24,600 positions.  There is no way to downplay the magnitude of this.  The restructuring impacts people, families and communities, and we undertake it with gravity and deliberation.” He also added, “We have the well-being and futures of more than 300,000 employees to consider, and we owe it to all of them to create a business that is healthy, strategically sound and growing.’

The huge amount of eliminations shows the state of the company and the seriousness of employees without projects. Companies are no longer able to hold on to an employee if he/she is not billable even for a month.

The situation has been wide spread among all similar service companies. Industry experts feel that the same heat wave would prevail for further months. Hope we see the light soon in the end of the tunnel.

Satyam Computers, one of the leading software companies in India has joined the list of companies who are in a rapid down-sizing due to inadequate projects.

Satyam has reportedly shown the pink slip to 400 engineers and associates in Hyderabad, Visakhapatnam and Pune.

Most of the employees who were sent off had 2 to 5 years of experience. The employees in a state of shock were aware that things were not so good recently. Many of its employees were in bench for months as Satyam fell short of projects.

Following this, Satyam had been requesting [well, you can even say forcing] employees to get into a contract instead of a permanent employee status in the name of performance issues. Quite obviously, employees did not prefer this option.

After preparing enough reasons against its employees, Satyam showed the way home to 400 employees and associates in its so called ‘S’ band. Employees who have 2 to 5 year experience fall under ‘S’ band in Satyam.

Joining the league of layoff companies, Global Head, HR came up with the same boring answer. He stated to The Hindu that ‘we do this as a matter of routine employee evaluation and development.” He also added one that we are quite used to hearing recently, “We are to hire 12,000 to 15,000 people for 2008-2009″. Can you please stop joking?

Were there performance issues only with the ‘S’ band? Why did Satyam send such a large number of employees only this year? Does that mean they did not have any performance issues last year? If you are going to send off 400 experienced employees and recruit 12,000 more, does that mean that these 400 cannot perform or are good for nothing? Or can we say that you don’t have suitable projects to see their performances?

Can’t these HR come up with a different answer? Obviously, even a dummy will know the real reason. “INADEQUATE PROJECTS”

I recently came across a video which I found very humorous. Check this out! A dream software company…. The video may not work properly in Mozilla Firefox or Google Chrome. Please use Internet Explorer.

Please click here if you are unable to view the video or if the video
streaming is slow.

BACK

I recently came across a video which I found very humorous. Check this out! A dream software company…. The video may not work properly in Mozilla Firefox or Google Chrome. Please use Internet Explorer.

Please click here if you are unable to view the video or if the video
streaming is slow.

BACK