U.S. workers call for law against outsourcing

It has been barely a week when I wrote about Senator Chuck Grassley’s letter to Microsoft. I mentioned “…Now the senator is speaking. You will see more protests in the street if things get worse…”. It is already happening. Washington Alliance of Technology Workers and Alliance IBM are running campaign against outsourcing and the proposed 2,800 job cuts announced recently in IBM. Lee Conrad, national coordinator of the Alliance, said, “The Alliance is strongly urging IBM not to go forward with a new round of job cuts and to stop the off-shoring of US workers’ jobs.” “There is a growing…

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Microsoft to layoff 5,000 employees

Apple computers came up with good earnings yesterday. On the contrary, Microsoft corporation missed 2Q profit today. It reported 11% drop in 2nd quarter profit. Microsoft shares plunged 7% and are trading at $17.92. To make up for lost profit, Microsoft is going to terminate 5,000 employees over the next 18 months. Microsoft will terminate 1,400 employees today. Microsoft said it was being hurt by deteriorating global economic conditions and lower revenue from software for PCs. The holiday quarter of 2008 was the worst the PC market had seen in several years. Microsoft said that profit slipped to $4.17 billion,…

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Forced unpaid leave for IT employees in India

Agilent Technologies has made a two-day leave mandatory every month in India for its 1,800 employees. The trend of asking employees to take unpaid leave is gaining momentum in many countries including U.S. and Europe to survive the financial meltdown. Agilent India plans to reduce annual operating expenses by about $65 million with the global restructuring, while in its global pay cut move (effective on January 1), it plans to save another $100 million. The option of taking unpaid leave instead of pink slip is better for employees although few could still complain. The IT employees in India may face…

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Google Layoffs

Google laid off more employees last week. It let go 3000 contract employees and 300 full time employees. Analysts expect more layoffs to come from Google in the future. The company also closed two regional offices in Michigan and Colorado. When the employees are terminated ruthlessly, executive managers take big money home even when they are terminated. Ebay’s senior executives received 4 years (years, not months) of pay when they were terminated. Well, I guess this is just the way it is. Related Links: Google Layoffs | Ebay Layoffs

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Dismissed employees kill CEO

I worked in many companies where I saw massive layoffs. I witnessed an incident where one of the terminated employees shot himself in his car. But, dismissed employees killing their CEO is a shocking news especially in a country like India. L. K. Chaudhury, the CEO of Cerlikon-Graziano Transmissions India, the Indian subsidiary of an Italy-based company in Udyog Vihar of Greater Noida, was killed when the agitating workers turned violent and beat him up, Outraged workers became desperate and took their revenge. It’s not going to give them their old job. Instead, they will be given new jobs in…

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Layoffs are coming…

Many Indian companies started laying off people in a low-profile way. No press releases and no media reports. These companies silently let people go. This trend will continue at least for another 6 months until U.S. stabilizes itself both politically and economically. Hexaware eliminated 300 positions recently. TCS, IBM and similar companies let go many people citing poor performance. Companies can’t keep poor performers especially in poor economic environments. Situation in U.S. is deteriorating even more. Some companies convert full time positions to part-time positions. The number of people, whom the U.S. government classifies as working part time involuntarily swelled…

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