Layoffs : Cognizant Employees & FITE files petition to Pune Labour Commissioner
Pune, May 25 – The employees met the Pune labour commissioner and submitted petition as the company is allegedly illegally terminating jobs of thousands of employees.
Layoffs has now become a common term among anyone working in Information Technology sectors. IT is viewed as one of the prestigious industries that helps anyone earn enough money to lead a decent life in cities. With that in mind, many people from various cities and rural areas studied hard and got a place in one or the other IT Company. Monthly salary has become livelihood for most of these people.
The profit motive of the I.T companies to replace the highly paid experienced Employees with lesser experience/ low paid new recruits is leading to illegal terminations. Each company carries it out differently quoting various reasons including employee’s performance, or streamlining to meet customer demands.
