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Corporate Layoffs
Tags :
layoffs, corporate company, corporate management, corporate business, corporate strategy, corporate jobs, corporate job, layoffs, layoff, downsizing, pinkslip.
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Human resource (HR) consulting
Functional Area : business policy |
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About "Corporate Layoffs" topic:
Let us focus on fixing the problems which result from large scale corporate layoffs. Recommend a list of things to do if a company is about to have layoffs & also what an individual should do after layoffs.
11 trends
, 5 insight
, 8 debates
, 5 idea contests
, 1 question
on topic: "Corporate Layoffs"
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Sapient Corp. became the latest e-consultant forced into major cutbacks by the economic downturn, announcing layoffs around 8 percent of its work force in India (Gurgaon) on Feb 12 and warning it won't make its expected first quarter profit. Earleir Sapient fired 160 people in July 2008 without notice. Firings were underway with over 200 more people in PIP bench was already fired on november 2008. On an average sapient fire 1 in every 3 employee. Sapient said it has laid off employees as part of an effort to cut costs amid a continued slump in market demand and the economy. Under the move, the Sapient firm is slated to cut professionals and administrative staff. The restructuring also is ex...
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Sneha Mehta
| Commented
| 1 year ago
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Any kind of exit is extremely bad Prathana.. We already know about the exits at Infosys. At the time of recession all the senior level professionals had faced such a bad phase.
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bharat
| Commented
| 1 year ago
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yes prarthana it's feel very bad
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Trends: "Sapient Layoffs 8% staff in India on Feb 12, 2009" deleted from your view.
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Have listed layoffs till Jan. The employers covered are across different industry verticals. Add what you hear to the list. Company City # Layoffs When Sapient Gurgaon 8% Feb-09 Mastek Bangalore, Hyderabad 429 Feb-09 Motorola Bangalore, Hyderabad 500 Jan-09 Polaris Chennai 480 Jan-09 Unitech Delhi 20 Jan-09 Sun Microsystems Bangalore 200 Jan-09 Apollo DKV Insurance Delhi NA Jan-09 eminlabs hyderabad 4 Jan-09 PROCALL - AGRANI Bangalore 15-20 Jan-09 Lionbridge Technologies Mumbai 100 Jan-09 Motorola, Hyderabad Hyderabad 40 Jan-09 Motorola Bangalore 4000 + 1500 globally Jan-09 Oracle India Bangalore 40 Jan-09 Oracle Bangalore No layoffs - Salary cuts Jan-09 Goldman Sachs Bangalore 200 Dec-08 T...
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Ravi Prakash
| Commented
| 3 years ago
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Hi Gaurav there is one more little drop in the sea of layoff, conexant has not laid off just 30, may be you got this info from recently joined person or a manager from conexant itself (who will not disclose the correct info.), the actual count is...
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Rajena Kumar Kumar
| Commented
| 3 years ago
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Dude Thanks for the data, Let me put some light on the Layoffs which happened around the World from Aug 27 2008 to 4th Feb 2009 > Total Layoffs: 411 > Total Employees: 302,520
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Gaurav Taneja
| Commented
| 3 years ago
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Darpan, valid question but very difficult to quote myy sources. Basically, I have collated it from insider sources, websites, recruitment agencies. It is not a paid research:) but i believe that this is 75% reliable.
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Insight: "Layoffs soar as India plunges deeper into recession" deleted from your view.
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It's Pathetic !!! From: Steve Ballmer Sent: Tuesday, May 05, 2009 To: Microsoft - All Employees Subject: Update: Realigning Resources and Reducing Costs In January, in response to the global economic downturn, I announced our plan to adjust the company’s cost structure through spending reductions and job eliminations. Today, we are implementing the second phase of this plan. This is difficult news to share. Because our success at Microsoft has always been the direct result of the talent, hard work, and commitment of our people, eliminating positions is hard. Today’s action includes positions in the United States and in a number of countries around the world. In the US, affected employees wi...
Trends: "Microsoft’s layoffs: Steve Ballmer sends email to employees" deleted from your view.
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This Data is a shocker............ The Bureau of Labor Statistics (BLS) released the January Employment Report (US)... Highlights 598,00 jobs were lost in total 111,000 construction jobs were lost 207,000 manufacturing jobs were lost 279,000 service providing jobs were lost 45,000 retail trade jobs were lost 121,000 professional and business services jobs were lost 54,000 education and health services jobs were added 28,000 leisure and hospitality jobs were lost 6,000 government jobs were added A total of 319,000 goods producing jobs were lost (higher paying jobs), and the service sector was clobbered once again as well. Government, the last place one wants to see jobs, added 6,000 jobs. Th...
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R.SANJAY GREGORY WILLIAMS
| Commented
| 3 years ago
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Tough time don't last tough people will............ but the storm is coming brace yourselves
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Inamur Rehman
| Commented
| 2 years ago
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Infosys Laysoff 1500, Sapient Laysoff 800, Satyam 10000, Siemens 500, Jet Airways – 1900, Johnson & Johnson, ST-Ericsson, Adobe Systems, Nokia, Siemens, , Sun Micro, Zapak...and the list is long. This Economic Slowdown is not the first one, and it...
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Trends: "Unemployment : Looking for work" deleted from your view.
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Wide Salary Cut
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59
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13
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Lay offs
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Vipin Bhasin
| Argues in support of
"Wide Salary Cut"
| 2 years ago
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During Recession "Wide Salary Cut" will be positive approach even mukesh ambani and many more ceo in world made cut in their salary himself. And it is also good for employee than Lay offs during period. Otherwise it is not a unique strategy......
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Ajay
| Argues in support of
"Lay offs"
| 3 years ago
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I think the debate should be referenced i.e the debate is for period during recession time or all times and I think views may change with the associated period. In recession period I would say companies should go for wide cut as already there are...
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avena suri
| Argues in support of
"Wide Salary Cut"
| 3 years ago
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Dayanand i partially agree with you as this would mean that companies dont think twice before recruiting people. Again, laying off employee just mean that you dont trust your employee potential. There are other ways to deal with the situation....
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Debate: "Is it be better to have wide salary cut rather than lay offs in Corporates?" deleted from your view.
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Corporate Alumni and Boomerang Recruiting Programs Are Hot Due to Layoffs Economic downturns, mergers, and acquisitions all place pressure on organizations to curb labor costs. No time in the last decade has that tenet been more apparent than right now. Layoffs, large or small, force organizations to cut loose the talent in which they have invested salary and training dollars. While talent released during a layoff today may seem like little more than an expense, tomorrow it could be the difference between success and failure. World-class organizations need to develop a process that will allow the organization to quickly and easily “re-recruit” alumni with proven track records of success whe...
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Dipayan Sarkar
| Commented
| 3 years ago
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Excellent and thought provoking works sir. pleas write something about Employment Value Proposition.
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Lakshmi Eyyunni
| Commented
| 2 years ago
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Sir this was really a thought provoking article. It is such a major proposition in the field of recruitment.. Kindly guide me to some of the innovative strategic recruitment techniques.
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Insight: "Corporate Alumni and Boomerang Recruiting Programs" deleted from your view.
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(rate this)
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1
Focus on profitable areas of business, cut expenses, deliver quality
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Reduce expenses, communicate and deliver value, and create/promote employee enthusiasm
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Mohammad Bakhsh
| Added idea
"Regulate cash flow"
| 2 years ago
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The most important criteria for survival during recession is to regulate cash flow on purchases for company's office items,postpone refurbishing upholstery,renovation.
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Suresh RV
| Supported idea
"Reduce expenses, communicate and deliver value, and create/promote employee enthusiasm"
| 2 years ago
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Try and reduce expenses as far as possible. But DONT throw out your best employees. Try innovative solutions like - give them a six month holiday without pay, or incentives on new business they bring-in, brain-storm strategies for the future.
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B.Mehernath
| Supported idea
"Focus on profitable areas of business, cut expenses, deliver quality"
| 3 years ago
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Absolutely right, addition to that designate other work to the people apart from their specialised job so that everything is taken care by the same manpower without adding much expenditure, cut the expenditure on travelling, save water and...
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Ideate: "During recesion what is most important criteria for a Company to survive ?" deleted from your view.
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Yes
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16
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No
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Inamur Rehman
| Argues in support of
"Yes"
| 2 years ago
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What is at risk is our human resouce, we know that the risk is imminent, Are we looking for solutions? OR Have we found the solution?
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Deepak Agrawal
| Argues in support of
"No"
| 2 years ago
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No I don't think future of outsourcing job in India is at risk. I think outsourcing is important to both the country that outsource the job and the country that source it. It generates lot of revenue to the country who outsources the job and...
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avena suri
| Argues in support of
"No"
| 3 years ago
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Recession in short team would definitely affect business and no country is immune to recession or market slowdown. However, in long run it will benefit countries like India because we provide competitive advantage like cost arbitrage, time to...
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Debate: "Credit Crisis: Is the future of Outsourcing Jobs in India is at risk? " deleted from your view.
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Hi friends.... According to a web report, Wipro has given marching orders to as many as 33 of its employees who formed the part of the company's candidate relationship management team. The team was specifically responsible for talent acquisition. However, with a hiring freeze across centres, these recruiters had little to do. The report quotes an employee who on the condition of anonymity said that they were told on March 17 that they have only thirteen days left in the organisation. By March 30, all the team members were relieved from service and the team was dissolved. According to him, none of them were given notice. Earlier in February, the company said it would honour the job offers it...
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Sudeep Tarafdar
| Commented
| 3 years ago
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Yes that may be the case balaji, as still the freshers they recruited haven't got their jobs and they are delaying the process, and slowly but surely some of the Indian companies are also starting to layoff...i am not sure about the mass layoffs,...
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Trends: "Wipro Layoffs 2009: Sacks 33 employees" deleted from your view.
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How do financial institution make decision on who to layoff ? People who have just started the working are the first to layoff or the seniors ? What do they look at ?? Is it performance ?
Answer: "How do financial institution make decision on who to layoff ?" deleted from your view.
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Sony is yet again ready to layoff 10,000 employees. It is not clear if this will be from Japan or overseas. This makes us think that how unpredictable can working in big brands be. We normally think that we should go for a big brand instead of working for a small company but when incidents like this happen they tear away our dreams, make us rethink and take away our sleep. If a company is going to lay off so many people where would they go, what would they do and how will they move forward. We have no answer to these questions. According to Nikkei‘s sources, Sony might also request that its seven executive directors — including Stringer — return their yearly bonuses. Sony hasn’t officially confirmed the report, but Hirai is set to brief the company’s business plan on Thursday, March 12.
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Many of us use facebook. Job hhunting on facebook does not look much believable and we are forced to think that will it work? Still there are few things which can be done to atleast increase our possibilities. 1. Join right communities and interact with right poeple. 2. Search for apps which have job search options. 3. Potray yourself in the best possible way. 4. Mention your professional skills on your profile. 5. Keep an eye on adverts, there are many job openings in them We all work hard for a better life and we always want better job than the one we have. So we should use all the possible means to make it happen.
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