CTS Employees get Bonus

Cognizant has paid good incentives for the year 2008 in keeping with our philosophy of sharing the results of good company performance with our associates. As compensation is confidential information, we cannot reveal any further details.

Cognizant reported a 32% rise in revenue for the fiscal year ended 31, December 2008 and ended the period with over $900 million in cash. Most Indian tech companies follow the April-March fiscal calendar.

Cognizant has decided to give bonuses to its employees despite the global economic downturn. The company has also announced to pay the variable component in its employees' salaries.

SAP Job Layoffs

SAP was supposed to be a hot cake for software professionals. Many left hard-core engineering jobs to join IT companies as SAP consultants. Now there are more layoffs in SAP. HCL fired around 20 consultants from its bangalore branch. Other companies like IBM, Wipro are also in the layoff mode 

SumTotal Systems, Hyderabad fires round 20 employees

SumTotal Systems, also took resignation letters from around 20 employees in Hyderabad branch this week after giving five minutes notice.

"As per rules, we should get two months notice," said a techie who lost his job. "But, the HR people are forcing us either to resign or face termination. If our services are terminated, we won't get experience certificate and relieving letter, which will affect our career. So we are resigning."   

20 SAP techies of HCL Bengaluru made to resign in 5 minutes

20 techies working in the SAP division of the Bengaluru branch of HCL technologies were made to put in papers with five minutes notice. Majority of them were from Andhra. HCL did not even bother to go through performance tests. It is directly asking the employees to resign.

"As per rules, we should get two months notice," said a techie who lost his job. "But, the HR people are forcing us either to resign or face termination. If our services are terminated, we won't get experience certificate and relieving letter, which will affect our career. So we are resigning."

However, Murali Raghavan, global head of SAP practice in HCL, refused to comment on these developments, as he was not "authorised" to speak. At the same time, Ms Meena Vaidyanathan, head of external communications at HCL Technologies, said employees were not being sacked.