IT giants such as Wipro, Infosys, HCL, TCS, and Tech Mahindra had earlier seen a decline in their total work force. Reproduction of news articles, photos, videos or any other content in whole or in part in any form

Totally 10,962 people left these software firms during the quarter. Bench employees are those on the company’s payroll, but not assigned to any project.In an email to the employees concerned, the company said: “Upon the expiry of the extended bench and your failure to find suitable billable opportunity within the said period, the company reserves its right to proceed as per allocation and deployment policy.” This policy gives the company the right to terminate service, if an employee fails to join a project within the given time period.While other IT firms such as Capgemini and Cognizant have laid off bench employees in recent times, the Wipro move was a bit surprising.Only a couple of weeks ago, Wipro chairman Rishad Premji had ruled out layoffs amid COVID-19. Wipro has served a three-month notice to many of its bench employees – without pay. When they denied to do so, Wipro reportedly fired them and … The bench in IT companies is a reference to people who do not have billable projects to work on. As per Times of India (ToI) report, Wipro's latest change will affect those who are already on the bench and those who have been rated poorly in the latest performance assessments. “A special flight carrying over 100 employees from New York landed in Bengaluru on Tuesday.


or medium without express writtern permission of moneycontrol.com is prohibited. Due to lesser hiring and an increase in cost-cutting in the wake of the global pandemic, the decrease in their strength has become a major factor for indicating growth.
For the other firms, it is unclear.Already, for the quarter ending June, headcount has fallen by over 10,000 in India’s top five IT companies - In a post, the IT arm of the National Democratic Labour Front said that the move was illegal amid the pandemic and the company has to allocate projects for existing employees instead of selecting new ones.The company on-boarded 7,000 laterals for the last quarter and will start on-boarding freshers from mid-July through the course of the year. BENGALURU: Wipro has introduced an "extended bench period" where identified employees will be on loss of pay for three months. According to reports produced by a regional news channel, at least 10 employees were asked to resign.

He said this during a recent annual general meeting.In the email, Wipro described the move as being done “in good faith and as a part of our endeavour to support employees.”During the three-month period, employees can avail leave if they choose to, and they will be on extended bench for the rest of the period.Employees will receive insurance coverage and other medical benefits, wherever applicable during this period.

WordPress Stock Ticker, Recovery Software For Pc, Skylar Spence Rym, John Yoo Publications, Mosquito Killing Chemicals, Danny Cipriani Parents, Barry Loudermilk 2020, Rimowa Topas Vs Classic, Ziyech Objective Fifa 20, Race Man Julian Bond,