The Chinese Telecom company Huawei lays off more than 50% of its staff in India. This decision comes after the ban on Chinese goods in India. The company also reduces the revenue target for India by 50%
The news came out that excluding the staff in research and development, the company is laying off around 60-70% of its India staff
The initial ban on the Chinese apps in India comes after news broke out that 20 Indian soldiers were killed by the Chinese Army in the Himalayas. This resulted in loss of revenue for almost all the Chinese companies affected.
Now, Huawei lays off more than 50% of its staff in India.
Also, the Indian government tells two state-owned telecom companies to use locally made equipment for their 4G upgrade
Wipro’s benched staff receive pay cuts. In an extended bench period, the employees who are put on the bench will be on the loss of pay. This extended period will last for 3 months
The company says that these employees will only receive insurance coverage and nothing else. Usually, in IT companies, the bench means that the employee is not part of any billable projects.
The count usually varies from 5-7% employees on the bench at any time. In bigger companies, the count can be more. In Wipro, the new change is directed towards employees who are already on the bench and received a bad assessment of their work.
The company sends out an email to the employees stating that while on the bench the employee may choose to use their available leave balance. Once the leave quota is over, the employee will be on unpaid leave for the rest of the period on the bench.
These are one of the first actions taken by the new CEO. If any employee fails to join any billable project in the given period, the company has the right to terminate the employee, according to the new rules.