Featured Job: IT Recruiter for Inventcorp, Hyderabad
News »Browse Articles » Syntel looks to lay off employees
+1
Vote Vote

Syntel looks to lay off employees

Views 1 Views    Comments 0 Comments    Share Share    Posted by Kushagr 28-02-2009  
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
+1
Vote  Vote
Enter your comment:
No Comments For This News

Search News

What's the News?

Post a link to something interesting from another site, or submit your own original writing for the Recruitment community to read.

Most Popular News

Most Recent User Submitted News