Tech Layoffs: Indian IT Sector Hit by Silent Layoffs With Employee Asked To Choose Voluntary Resignation or Termination, Affects Over 20,000 People, Says Report
Tech layoffs have impacted global IT sector but in Indian IT sector, over 20,000 people were affected by silent layoffs. According to a report, some employees were given choice to voluntarily resign or get terminated.
Mumbai, May 28:슬롯 머신 사이트 추천Tech layoffs worldwide have been concerning to many IT employees. The wave of layoffs in 2024 affected thousands of employees from various tech companies such as Google, Apple, Meta, Amazon, Paytm, and슬롯 머신 사이트 추천others like Elon Musk's Tesla. In India, the layoffs have also impacted슬롯 머신 사이트 추천significantly working슬롯 머신 사이트 추천IT professionals. According to a report,슬롯 머신 사이트 추천over 20,000 employees were affected슬롯 머신 사이트 추천due슬롯 머신 사이트 추천to silent layoffs implemented in the IT sector in India.
Moneycontrol슬롯 머신 사이트 추천슬롯 머신 사이트 추천that the data shared by the All India IT and ITes Employees' Union showed that over 20,000 IT professionals were affected amid the silent슬롯 머신 사이트 추천tech layoffs. The report mentioned슬롯 머신 사이트 추천an incident with a 31-year-old techie named Akash, who received an email from슬롯 머신 사이트 추천the company's manager슬롯 머신 사이트 추천and HR executive for a virtual meeting that was 15-20 minutes long.슬롯 머신 사이트 추천Paytm Layoffs: Fintech Major To Lay Off 5,000 to 6,300 Employees, Plans To Use AI To Reduce Costs, Says Report.
The report mentioned that Akash was given two choices by슬롯 머신 사이트 추천his슬롯 머신 사이트 추천cloud analytics company and data슬롯 머신 사이트 추천company, Teradata. The choices were - termination with a lower payout or voluntary resignation with four months of salary. Since it was difficult for Akash to leave the슬롯 머신 사이트 추천company either way, he had to decide only during the virtual meeting.슬롯 머신 사이트 추천He슬롯 머신 사이트 추천told슬롯 머신 사이트 추천Moneycontrol슬롯 머신 사이트 추천that he asked슬롯 머신 사이트 추천the manager and HR executive슬롯 머신 사이트 추천to allow him some time to determine, and슬롯 머신 사이트 추천he was told to inform슬롯 머신 사이트 추천during the conference only. Speaking to his cousin, he decided to choose voluntary resignation, said the report.슬롯 머신 사이트 추천
The report highlighted that after appearing for 20-25 interviews four to five months after his resignation from Teradata, Akash did not land any new job.슬롯 머신 사이트 추천He said it was tough to land a new job in the tech sector슬롯 머신 사이트 추천due to the current market슬롯 머신 사이트 추천situation, especially when슬롯 머신 사이트 추천there are few chances of salary negotiations.슬롯 머신 사이트 추천He added that he슬롯 머신 사이트 추천depended on his parents as his severance pay funds were drying up in expenditure.슬롯 머신 사이트 추천Foursquare Layoffs: US-Based Tech Company Cuts 25% of Its Workforce To Streamline Its Operations and Achieve Financial Sustainability.
Another incident involved Cognizant's Sriram, who was asked to resign because the company could not find슬롯 머신 사이트 추천any other projects for him. In recent months,슬롯 머신 사이트 추천the report said employees were asked to voluntarily resign in silent layoffs at Cognizant.슬롯 머신 사이트 추천It said that Akash and Sriram were only two such people out of thousands between 2023 and 2024.
(The above story first appeared on LatestLY on May 28, 2024 12:37 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).