Igate annouces termination of certain staff from Patni

Patni employees have a bad news to hear this morning and this comes from the Company which is acquiring patni. IGate recently annouced in a filling to SEC (Securities and Exchange Commission of the United States), iGate has pegged the “onetime costs amounting to $14 million ($9.3 million net of tax) relating to the termination of the services of certain employees” post acquisition.

Well i feel this should be an alarming news for the employees of patni and i believe they should take no chance in getting terminated one sad day. This is again a bad move from another company after acquisition in an employee perspective not on management. And also one thing they confirmed is about retention of higher level employees (management).

I always believe there should be a prior notice to employees who may get terminated in future. Or they can still keep the employee with them paying low salary, till he gets an another job with in a limited period of time. Lets see how patni gonna deal with this.

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