WIPRO says goodbye to over 1000 employees

Indian IT giant WIPRO sacked over 1000 employees - one of the leading newspaper reported here -

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...and obviously others are going to follow the trend. What do you think guys? The circle is now full - IT services bubble bursting? huh?

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  • kedarjk

    kedarjk

    @kedarjk-R7FdZW Sep 9, 2008

    In IT industry life is becoming tougher day by day. Just another proof of it 😔.

  • Ashraf HZ

    Ashraf HZ

    @Ash Sep 9, 2008

    I think its a global trend. Even Microsoft plans to shut down Ensemble Studios, the developer who made games like Age of Empires.

  • Kaustubh Katdare

    Kaustubh Katdare

    @thebigk Sep 9, 2008

    😔 😔 😔

    Entrepreneurs! Spring into action! You're about to get skilled employees who will work for peanuts!

  • Differential

    Differential

    @differential-0aMwAJ Sep 9, 2008

    This reminds me of rule of nature.........."Something that rises fast, collapses fast".....Let's hope for best !

  • Kaustubh Katdare

    Kaustubh Katdare

    @thebigk Sep 9, 2008

    Ha! It had to happen. You can't survive long enough by being cheap.

  • Ashraf HZ

    Ashraf HZ

    @Ash Sep 9, 2008

    Wait, this is because of appraisal or an IT downturn?

  • kedarjk

    kedarjk

    @kedarjk-R7FdZW Sep 9, 2008

    I just read the complete article. The number 1000 is not real, it is more than 1000 I guess. They never reveal the true figures.

  • Kaustubh Katdare

    Kaustubh Katdare

    @thebigk Sep 9, 2008

    Yep, over 1000 it is.