Gurgaon: Technology major Sapient Corporational is latest to join the list of companies going in for large scale lay offs.
In a surprise move it has sacked 500 of its employees in India. Infact no notices were issued to the employees and the company even deployed armed guards to prevent them from turning up for work. In a statement the company has notified the lay offs.
"Businesses worldwide are feeling the impact of the economic downturn and, as a result, are reducing budgets and delaying projects. In order to adjust to this changing demand environment, Sapient has exited about 8 per cent of its people,” the company says.
In fact this is the second time the company has sacked employees. 160 of them were removed just a few months ago.
The senior management of the company refused to comment on the issue. They only said that the sacked employees would get due severance packages and the company would try its best to get them out placements, but they had no choice but to take this drastic step.
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