Nasdaq-listed IT services and knowledge process outsourcing (KPO) firm Syntel has begun retrenching employees from its centres in Chennai, Mumbai, Pune and the US. While the exact number of employees being asked to quit could not be confirmed, sources said close to 1,000 employees were tipped to go. Syntel has around 11,000 employees in India.
"Close to 100 employees, with a pay package ranging between Rs 50 lakh and Rs 1 crore annually, have already been asked to leave," said sources affected by the announcement. However, the company, when contacted, dismissed the allegations and said only a small number of employees have been asked to leave on the basis of performance.
Source:
http://www.business-standard.com/india/news/syntel-looks-to-lay-off-employees/12
"Close to 100 employees, with a pay package ranging between Rs 50 lakh and Rs 1 crore annually, have already been asked to leave," said sources affected by the announcement. However, the company, when contacted, dismissed the allegations and said only a small number of employees have been asked to leave on the basis of performance.
Source:
http://www.business-standard.com/india/news/syntel-looks-to-lay-off-employees/12
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