Companies big and small have been resorting to layoffs and salary cuts to deal with the loss of revenue following the pandemic and related lockdown. The latest to join the list is tech major Wipro, which has laid off nine out of its 200-strong workforce in Bangladesh.
While Wipro is said to be still planning a similar exercise in other locations across the world, it has not sacked any employees in India till now.
In Bangladesh, Wipro manages the complete IT landscape of the Telenor Group-owned firm, Grameenphone.
The affected employees claimed that earlier they were asked to resign, and when they failed to so, the Company had immediately fired them without any notice.
The employees also claim that the Company is known to be biased towards local hires in terms of salaries, bonuses, promotions, provident fund and gratuities. While Wipro admitted that over 90 per cent of its workforce comprises local employees, it also stated that it will continue to hire locally. However, Wipro denied firing employees as a result of the impact of the pandemic.
According to a Wipro spokesperson, the layoffs were a part of a realignment exercise, which was indulged in to keep up with the changing business requirements.
After declaring its fourth-quarter earnings recently, the Company had revealed that it was considering various options and measures to control costs, including sending some of its staff on furloughs, in order to tide over these tough times.
Value our content... contribute towards our growth. Even a small contribution a month would be of great help for us.
Since five years, we have been serving the industry through daily news and stories. Our content is free for all and we plan to keep it that way.
Support HRKatha. Pay Here (All it takes is a minute)
