WITCH companies took too long to end wfh, they hired a lot last year and couple this with economic slowdown.
This seems misleading. TCS has over 500K employees worldwide. A d for these jobs cut? Do they take into account jobs added? Or even compare the job cuts to regular attrition rates?
Their attrition of 20%+ each quarter is enough to take care of headcount reduction. They just have to freeze hiring.
Attrition rate at WITCH is 22-48%
Yes, it’s true. I was laid off
Which state or client do you work for
Yes they’ve been quiet for Infosys if you can’t find a project after 3 months your out. I only got two weeks severance
Speaking from Infosys, they have zero projects. None. I was at a client for years and due to their issues, all were released from that project to bench. I spent three months on bench and got maybe 3 e-mails for potential projects and they never responded after I sent my "profile." Reached out to project managers, none responded. Bench is a death sentence at this point. I had a heads up about this and got offers so I'm good, but yeah, if you're on bench at Infosys, good luck.
Is this in USA? 🤔
I got interviewed for recent times for Infosys and someone called himself as Manager and has zero soft skills. There is no HR scheduling the interviews. Just IT manager schedule interview and he treats me very rude and no sympathy towards the candidate. Simply waste
TCS just released a ton of people that have been benched for as little as 2 weeks over the past couple days (source: me, I was part of the people).
Did they give any reason? Did it have anything to do with RTO?
Lack of projects was the main reason for me, I was always 100% remote. I know they pushed a bunch of people to RTO and then they were laid off. Not sure if RTO was the reason though
Companies generally let contractors go before laying off full-time employees, so the cuts at WITCH consultancies are not surprising. Unfortunately, layoffs will continue into 2024.