Amid reports of IBM India following in the footsteps of Infosys, Wipro, and others and planning the layoff of a large number of employees in the coming months, the IT giant has refuted the rumours and said that there aren’t such massive layoffs in the offing.
“This is factually incorrect. We are not going to comment further on rumours and speculation,” NDTV Profit quoted a statement from IBM. The company has about 1,50,000 employees in the country and it was earlier said that about 5,000 of them were likely to be shown the door in the next few months.
IBM has denied reports of the mass layoffs, but the ongoing performance appraisal may affect a few of the employees. Speaking of the same, a source told ET Now: “The process has started. Managers have been asked to identify underperformers,” and another revealed that the company is also not hiring anyone as of now.
read more- IB Times