Posts Tagged lay off
Check out the WTF juxtaposition of the day:
On the day Citigroup announced 52,000 job cuts it emerged that Bipasha Basu will be making Rs 1.5 crore for her star turn at Sahara Star on 31st night.
The moral of the story: If you’re a banker, get yourself a boob job.
[ source: India Uncut ]
It sounds really scary out there…
New York: Less than three weeks ago, Saurabh (name changed) relocated along with his family from Edison, the Indian neighbourhood in New Jersey, to Silicon Valley in California as he switched jobs.
Before moving, he put his house, which he had bought last year, on sale and leased an apartment at his new work place.
One fine morning, two weeks after he moved with bag and baggage to Silicon Valley, he was quietly handed the pink slip by his boss in his chamber along with about two dozen of his colleagues.
Saurabh, who has two kids to support, is jobless.
"It is very difficult, these days. There are no jobs available," said Saurabh, requesting that his name and the name of the company not be disclosed. So did others interviewed for this report.
Luckily enough, he has a permanent residency visa, which is more popularly known as the Green Card, because of which he can stay in this country and search for a new job.
But many of his colleagues do not even have that luxury. They are getting ready to go back home as they can’t live in this country on an H-1B visa if they don’t have a job.
"Even retaining a job is a luxury these days," said Manish Gupta who works with another multinational company in mid-town Manhattan.
Some of his friends have already left for India after they received the pink slip last month.
While there is no official figure about the number of Indian Americans who have lost their jobs, in the US pink slips are being handed out in hundreds and thousands.
Anand Kumar, software professional, who works with a Swiss multinational in New York City, was informed by his HR department that his salary has been slashed by 10 per cent from the next pay cheque.
Still he says he is okay. "That is fine. At least I have my job so far," he said.
Stories of pink slips and losing jobs abound among the Indian American community here. In fact, this seems to be the only topic of conversation when two techies meet or at any of their social gatherings.
The reports that the economic meltdown will continue has made a large number of Indian American software professionals – who account for a majority of those holding the most sought after H-1B visa – edgy.
"People are being fired even from companies which were earlier considered safe. These are tough days," said Rakesh Tyagi, who lost his job last week. He was working with a chemical company in Buffalo, in upstate New York.
Rakesh, who came to the US just before the 2001 twin-tower attack, said the situation then was not as bad as it is now.
When contacted, officially none of these companies are willing to talk about job loss, but even a small chat with those working there indicates the grim scenario.
"Nothing is certain. We are now living on a day to day basis," said Ashutosh Sen. Several of his friends and colleagues have lost jobs in the past one month. "Hardly a day passes when I do not hear this story," he said.
[ source : IBN LIVE ]
Ok. So much for being civilized. This is sad. I have no clue why those employees were so pissed off. Anyway, I had my own doubts about the authenticity of this news. So, I googled for ‘Gradiano’. Interestingly, I couldn’t find the company’s website at all. There’s news about this incident all around but no info about what the company was into, what grade of employees were working there etc. Hmmm… Wierd…
CEO beaten to death by dismissed employees
Next time if you have to lay off your employees, then you need to be careful. A gruesome incident happened in India today, when dismissed employees of a company (Gradiano) who were agitating against the Gradiano CEO and the management for their dismissal went on rampage and in this process beat the Gradiano CEO who got injured badly and taken to the hospital, where he was declared dead.
According to a report by the Press Trust of India – here are the details
Noida, Sep 22 (PTI) The Chief Executive Officer of a company was today beaten to death by a group of dismissed employees inside office premises after a meeting, called to resolve dispute between them and management, failed. L K Chaudhury, the CEO of Gradiano in Udyog Vihar of Greater Noida, was killed when the agitating workers turned violent and beat him up, Senior Superintendent of Police (Noida) R K Chaturvedi told PTI.
As the clash erupted, Chaturvedi said, a security guard opened fire in air. About 20 people were injured in the clashes. Chaudhury was rushed to Kailash hospital where he was declared brought dead. There were about 200 former employees inside the premises when the incident took place. They were dismissed two months back for some reasons and were since then protesting against it. PTI
[ Source: Here ]