IT Woes: Tech Mahindra To Lay Off Underperformers

Following Wipro and Infosys, another IT major Tech Mahindra may hand out pink slips to hundreds of its employees on performance grounds, reported a national news agency on Thursday. Ranking 5th in terms of revenues in the Indian IT sector, Tech Mahindra reportedly has begun its process of annual performance appraisal.

However, the IT major has responded stating that chopping out bottom performers is their routine process as like any other year and it did not specify the number of employees that could be asked to leave. Similar performance reviews have already been initiated by its rivals, Cognizant, Wipro and Infosys.

Although the companies have termed these layoffs as part of normal business decisions, the industry experts believe that these steps are pointed more towards controlling costs.

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