Layoff to 58 thousand employees from 5 major companies

Vastavam web:  Recession in the western countries, American president Donald Trump’s policies in favour of his subjects lead a mass layoff of IT employees in seven major companies, nearly 58 thousand employees all together. It came to know the companies Infosys, Wiprow, Tech Mahendra, HCL technologies, and an American company Cognigent, DXC technology, and France company Cap Gemini are planning to reduce their employment. Total 12 lakh employees are working all together in these companies, 60 thousand employees are going to be terminated among them. Some of the companies have already started the process, others may begin from the ending of this year. DXC technologies which is already merged in HP, declared already that they would minimize the number of employees from 50 thousands to 26 thousands within three years. Human Resource department of Cognigent and Wipro said, we are planning to reduce redundant and non-performing employees only.