Mental state of an employee after corporate downsizingCorporate downsizing strategy is followed by MNC's to maintain their profitability levels. For the past few years MNC's is following this as their policy. They don't think about the future of an employee and their family.
My friend was working in one of the top MNC in Bangalore for 6 years. Recently he relocated to his native Kerala after requesting for a transfer. My friend was one of the victim in corporate downsizing. He has 7 years of experience in IT field and considered one of the valuable resource. He didn't even expect that his name would be in the list. The reason given by the organization for such decision is really embarrassing. The reason was they could consider only the 2 months he worked in Kerala and he didn't have much to do in this 2 months and they could give preference to the people working in the same office for years. The HR people are also helpless as this is the order from the top executives. With a heavy heart he came out and the organization has agreed to pay 4 month salary as compensation. Not only my friend this was the state of many employees in various branches.
The top MNC's appoints hundreds of employees through campus interviews each year. If they want to downsize the employees can't they stop recruiting? I understand that they give preference to their business and not on sentiments. But what about the future of employees?
My view is at least the companies should not circulate the lay-off in media. The media clearly says the name of the companies and this has a huge impact on their next career. My friend has attended a lot of interviews then, but nobody is ready to recruit him as they think he might be a candidate who is sacked by seeing the organisation name in the resume and they are not ready to recruit him as they think the company has sacked him as he is not much productive. The state of my friend is, he is now diagnosed with heart problem and he is just 32 year old and the only reason is stress. His wife and two small children are solely dependent on his income.
Shouldn't the companies think about employees too and offer him a job.