New Delhi: HCL Technologies has reportedly laid off 350 employees globally, including in India, Guatemala and the Philippines. The employees were working on MSN, Microsoft’s news platform, a client of HCL, and were apparently reported fired at a town hall meet last week.
The retrenched employees will get severance pay and the last day of work is said to be 30 September. Media reports said Microsoft was not satisfied with the quality of work being done under HCL, which got the contract work. Now, after the termination of the contract, the employees stand to lose their jobs, the report said.
IANS recently quoted a new report as saying that at least half of the companies across the world are planning to lay off people, most of whom are reducing bonuses and canceling job offers amid the economic slowdown. Is doing.
According to the latest PwC ‘Pulse: Managing Business Risks in 2022’ survey in the US, 50 percent of respondents are reducing their overall headcount, even as business leader is concerned about hiring and retaining talent. I am worried.
More than 32,000 tech workers have been laid off in the U.S. as of July, including big tech companies like Microsoft and Meta (formerly Facebook), and the worst for the tech sector isn’t over yet, with a massive stockpile. The sale has taken place.
In India, more than 25,000 startup workers have lost jobs since the pandemic began – and more than 12,000 have been fired this year.