Infosys, Wipro, Mastek and Hexaware innovate to cut costs but jobs in layoff season. Take sabbatical or get trained.

HR personals in Infosys, Hexaware, Wipro and Mastek have become innovative and trying to find the alternatives to layoffs unlike western IT companies. One of these alternatives is taking long sabbatical with major cut in salaries like what Infosys and Mastek did. It could be creating ‘virtual bench’ by Mastek where employees will take severe cut in salaries and get trained in technologies.

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http://itnews.idlefolks.com/alternatives-to-layoffs-in-infosys-hexaware-wipro-and-mastek-go-for-long-sabbatical-or-get-trained-with-50-cut-in-salary-or-get-out