Thread regarding iGATE Corp. layoffs

This is really bad...

Hi, My brother is in iGate he joined the company last year on May as fresher. First they provided him training in some technology and after completion of training they put them on another technology and gave them training. Now after completing the training he's currently on bench, everyday after coming back from office he tells me that company is firing its employees. He said that apart from experienced employees they are also firing employees who had completed there 1 year and currently on bench. I don't get it why company is recruiting while they have so many people on bench. Why don't they adjust them. This is really sick....

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It's very hard to predict customer demand, so we may forecast let's say 3X demand and things turn around, demand drops and we are left with 2X demand, now 1/3 of the workers have to go to remain profitable. Happens all the time, but more in downturns. Sorry about your brother's situation and good luck

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I hearing similar stories about other companies everyday these days.

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