LayoffBlog.com

December 16, 2008

India: Mass IT Layoffs in December 2008

According to LayOffBlog.com information from different sources:

Mastek Ltd (Mumbai, India): 200 positions lost  (75% in recruitments);

Zapak (Mumbai, India): 45 positions (about 25% of total workforce);

Tanla Software Solutions (Hyderabad, India): 200 IT consultant, PM positions (about 50% of total workforce);

Wipro Technologies (Bangalore, India): 1400 IT consultants will be affected;

JBA Infotech Pvt Ltd (Bangalore, India): to cut 75 IT consultant positions;

Gupta Equities Pvt Ltd (Bangalore, India): 50 IT and Sales employees will be affected;

HP-STSD (Bangalore, India): 350 management positions will be eliminated;

Infor Global Solutions (Bangalore, India): 60 full-time positions (IT, mid-level management) will be cut.

~ LayOffBlog.com:  Please feel free to comment this info or send us your updates. ~

23 Comments »

  1. TANLA is not an IT company but a real estate company which does not have any fundamentals and policies.Apart from silly restrictions (like u can have coffee only at the mentioned rather ordered time, Mobiles not allowed inside, Closing the main doors sharp at 9:10AM etc). They had a policy of sponsoring team outings but there had been never single occasion where they reimbursed the incurred(which is under the permissible limit)amount. When asked, they say they have been processing( for decades). They post 98% profit every QOQ by adopting innovative ideas like they swith on only couple of tubelights on each floor and the employees working in the dark! Some of them, who are not yet fired already turned blind :-)

    Comment by TANLA SOLUTIONS, THE GREAT — December 16, 2008 @ 9:14 pm | Reply

  2. well said and they don’t accept any one who know better that those old employee,old employee work verbal communication afraid of writing mails because in mails they have to give commitment and they don’t want commitment that the reason they have only smsc which took 8 years to developed and 2 month to install on client side each time :)

    Comment by TANLA — December 17, 2008 @ 4:26 am | Reply

  3. To make tanla immortal, I strongly feel that the old donkeys i.e. directors,cfo,cto,coo etc ( and ofcourse they are nominal and i pity about the pathetic positions and their veto powers :-))
    who failed to aniticipate the global recession should voluntarily resign and go at this point of time.

    Comment by TANLA SOLUTIONS, THE GREAT — December 17, 2008 @ 9:05 am | Reply

  4. Confirmed layoffs from Tech Mahindra and Sasken in Bangalore

    Comment by vivek — December 20, 2008 @ 9:05 am | Reply

  5. Rebaca Technologies lay off 20% of jobs.

    Comment by Rebaca — December 20, 2008 @ 10:25 pm | Reply

  6. i don’t understand why they are running company they should stop development center and open chat shop specially CTO and CMD :)

    Comment by TANLA — December 21, 2008 @ 9:42 am | Reply

  7. I would like to share layoff news about Mastek…
    As i know as per the Mastek Employee they haven’t moved out 200 people.But the fact is that they removed people from the Recruitment Team and the persons who failed into background varification…

    Comment by Santosh — December 24, 2008 @ 2:20 am | Reply

  8. where is info for tech? you can browse this to get.
    http://layoffblog.com/2008/12/16/india-mass-it-layoffs-in-december-2008/

    Price : BSE: Rs 264.60 ( -3.73 % ), NSE: Rs. 265.25 ( -3.42 % )
    Lay off introduced in TechM and terminated 2500 Employees
    Pune – 1200
    Bangalore – 300
    Culcutta + Hyd + Chennai – 1000

    Comment by ravi ramakrishnan — December 24, 2008 @ 7:01 pm | Reply

  9. Confirmed layoffs by Accenture India.Last two months some 1000 were laidoff from its Bangalore/Hyderabad and Mumbai centers.
    Currently more than 3500 people on bench(idle).

    Comment by Amit Abhyankar — December 26, 2008 @ 11:45 pm | Reply

  10. iFlex(acuired by Oracle)laid off 50 this week.800 heads to roll coming month.
    iFlex was a subsidiary of Citi Bank,formarly known as CITIL.iFlex has development centers in Mumbai,Pune,Bangalore.

    Comment by Amit Abhyankar — December 26, 2008 @ 11:50 pm | Reply

  11. Polaris India has started firing its contractors.It is asking all employees to take 15% pay cut.HR department is sending employees on forced leave.

    Comment by Amit Abhyankar — December 28, 2008 @ 1:51 am | Reply

  12. Accenture India laid off 500 in December.50% of people were on bench.Other were those who did not have very good rapport with Senior Manager.Layoffs mainly in Bangalore and Mumbai.Next round of layoff in February.

    Comment by Rehan Mitra — January 16, 2009 @ 7:14 am | Reply

  13. […] We have also received a report of Accenture layoffs in India coming […]

    Pingback by Accenture Philippines lays off 500 workers « LayoffBlog.com — January 16, 2009 @ 7:50 am | Reply

  14. Google India lays-off 150 programmers from its Bangalore office.Initially touted as major development center producing ‘cool Apps’,Google layoff is a major blow to Bangalore.Fortunately 3 months severance pay was given.

    Comment by Ajit Nambisan — January 17, 2009 @ 7:21 am | Reply

  15. Tech mahindra Ltd is also started giving lay off

    Comment by Raj — January 21, 2009 @ 12:35 am | Reply

  16. 250 lay-offs by Accenture India this months.More heads to roll as company is finding tough to retain clients or get any work from outside.
    Many employees are being forced to take leave and asked to go on vacation.

    Comment by Dharam Singh — January 21, 2009 @ 11:15 am | Reply

  17. Friends be ready for another round of lay off in India . In mid off Feb most of the companies will fire almost 2000 people from their organization. Combinedly total numbers will be around 20,000.

    Reasons: 1. No projects in pipe line
    2. Customer are reducing their billing rate
    3. Most of the customer companies have reduced the IT budget.
    4. Huge bench strength
    5. Too high salaried employees
    6. Compines are in the radar of NASSCOM and SEBI to avoid the sitwation
    like Satyam Scam

    Comment by Qa Analyst — February 1, 2009 @ 9:01 am | Reply

  18. Thats true.Many including American and Indian IT companies are about to start another round of lay-offs starting from Feb.09.
    Bulging bench size,no projects in viscinity and high salaries are primary reasons.
    Unless you are expert in office politics or buttering your supervisor its difficult to suvive solely on basis of your work.

    Comment by Saurabh Sinha — February 2, 2009 @ 7:19 pm | Reply

  19. I can confirm that Mastek layed off around 500 workers this monday ie 2/2/09 in Bombay

    Comment by Anonymous — February 3, 2009 @ 11:32 am | Reply

  20. HCL is also is in the race of firing its employees….

    Internal figures says target is to hand over pink slip to 400 employees within month of february..ITs has been going since september 08.

    IT consultants are in the line of fire.

    Comment by NO JOB ! — February 17, 2009 @ 6:46 am | Reply

  21. Wipro Laid off 5000 employees in this quarter and planned to lay off more in next quarter after April 2009

    Comment by Anonymous — February 26, 2009 @ 10:58 pm | Reply

  22. Layoff is not good! Salary deduction is good.

    Comment by No Job Available — February 27, 2009 @ 12:43 am | Reply

  23. Wipro doing more layoff asking employess to resgin, they do not follow the polices when they do not follow the polices we should not follow the polices and rules employees will lose faith on wipro.

    Comment by Ram — March 4, 2009 @ 7:39 pm | Reply


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